Signature Resources Ltd (TSXV: SGU) (OTCQB: SGGTF) has received further positive drilling results from its ongoing 10,000m diamond drill programme at its 100%-owned Lingman Lake Gold Project in Ontario, Canada.
Using its two 100%- owned diamond drill rigs, Signature’s latest batch of diamond drill holes have successfully extended the North Zone below the 400L (~180 m vertical depth).
Drilling highlights:
- 7.07 g/t Au over 4.0m in LM21-27; including 11.9 g/t Au over 1.0m
- 3.54 g/t Au over 2.0m in LM21-28A
Head Geologist, Walter Hanych, said these holes primarily targeted the largest of the zones, the North Zone, east of the diabase dike below the existing mineralisation and continue extending the zones to depth.
“In particular, the North Zone continues to be a strong target geologically, displaying wide intersections up to 9 m of very intense silicification, fluctuating sulphide content and variable gold distribution. 2022 drilling will continue to probe all of the zones to depth in the mine area as well as along the eastern strike extent,” he said.
President, CEO, Robert Vallis, said 2021 was both an exciting and challenging year for Signature Resources.
“We successfully staked 90% of the host Lingman Lake Greenstone belt and tested the regional potential with airborne geophysics. In addition, drilling at the Lingman Lake Gold Mine successfully expanded known zones of mineralisation both up and down dip,” he said.
“Further, ground-based geophysics revealed several new high-priority targets with the exciting potential to significantly expand the Lingman Lake gold system. I am extremely proud of the entire Signature Team and what we were able to accomplish despite the many challenges we faced and overcame.”
The current 10,000-metre diamond drill programme up to and including LM21-30 is testing grade and continuity of the plunging mineralised high-grade shoots and overall mineralised North, South, and Central zones. The focus is below the 400 level (~180m vertical depth), down dip/plunge target drilling with 30m to 50m step outs and to a maximum vertical depth of approximately 350 metres below surface. Drilling in the upper inter-level areas will continue to expand and tighten- up the historically-drilled mineralised envelopes.
As holes are collared further south to test the deeper horizons of the North Zone, the drill holes intersect the South and Central Zones at higher levels. This is evident in drill hole LM 21-27 reported above which hit the zone approximately 19m below surface. The same zone intersected in LM21-28A, intersected it at a vertical depth of 45m.
For further information please visit: https://www.signatureresources.ca/
