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Signature Resources provides update at Lingman Lake Project near Kenora

Apr 12, 2021

Signature Resources Ltd. has announced an update on the ongoing 2,500-meter winter drill campaign being conducted at its 100% owned Lingman Lake Gold Project near Kenora.


  • The 2,500-meter winter drilling program is ~35% completed and remains on schedule.
  • First shipment of assay samples was delivered to the lab this week.
  • Assay results from this first batch of samples are expected sometime within the next four weeks.

Despite significant headwinds from extremely rare and challenging winter conditions and Covid-19 related restrictions, drilling activities at the Project started and continue to remain on-schedule with the Company’s 100% owned drill rig.

“The exceptional work of our site management, exploration team, drilling crew, and camp support personnel have resulted in our ability to start and sustain drilling on-schedule. We await in great anticipation the first batch of assay results in the coming weeks.”

Robert Vallis – President, CEO, and Director

About Signature 
The Lingman Lake gold property consists of 1,389 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 26,393 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

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