Signature Resources Extends Near-Surface Gold Halo at Lingman Lake

Signature Resources has released final assay results from its 2024 drill program at the Lingman Lake gold deposit, highlighting a broader near-surface mineralized zone. Recent drilling west of a north-south dyke intersected gold-bearing structures identified through artificial intelligence interpolation, confirming extensions to the South Zone and West Zone.

"I am very pleased that we have been able to complete all the assay work on our 2024 drill program and can say our work programs have successfully met our goals of defining a larger, near surface gold halo," said J. Dan Denbow, CFA, President, CEO, and Director. "We look forward to releasing our initial NI 43-101 resource this spring, which will be a significant step in demonstrating the potential of the Lingman Lake gold deposit, which remains open in all directions."

Highlights of the Final Drill Results

• Hole LM24-09 returned 1.81 g/t Au over 51 m, including 14 m averaging 3.6 g/t Au.

• Hole LM24-10 intersected 34 m at 1.8 g/t Au, with a 6 m interval grading 7.7 g/t Au.

• Holes in the West Zone expanded mineralization further west, with hole LM24-14 delivering notable intersections.

The 2024 drill campaign comprised 14 diamond drill holes spanning 4,736 meters. Continuous core sampling throughout each hole provided comprehensive data on gold distribution both within and outside defined mineralized zones. All new drilling information is being integrated into the geologic model, and independent geologists have completed field verification for an upcoming NI 43-101 resource estimate prepared by Watts, Griffis and McQuat Limited.

By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.

Tags: Northern Ontario / Exploration / Gold / All Articles