THE Historic Lingman Lake Gold Mine
Welcome to Signature Resources Ltd., an emerging Canadian Gold Exploration Company and the historic Lingman Lake Gold mine/property.
QA/QC REPORT VALIDATES HISTORIC GOLD ASSAYS
Lingman Lake 43-101 Report
The Lingman Lake gold mine
A mine Waiting To Be Developed
Recently consolidated lands with historical estimate of 234,648 oz with an average grade of 6.86 g/t gold*
a. Exploration targets remain open, limited by drilling
b. Bulk samples and composite samples demonstrated higher grade potential.1
c. Deep drill hole intersection at 240 m vertical returned 1.5 m of 325 g/t gold
d. Goal to double the resource in 2017
The replacement cost of the existing infrastructure (shaft, underground workings and historic drilling) compares well with the market capitalization.
Approximately ~$60 million2 in value versus the current market cap of ~$8 million
1 historical U/G bulk sample (three x 227 kg) averaged 17.3 g/t gold; while the composite sample averaged 19.0 g/t gold
2 management estimate
* Cautionary Note. The quantity reported as ‘historical’ estimate is historic in nature: A qualified person has not done sufficient work to classify the historical estimate as a current resource estimate. The issuer is not treating the historical estimate as a current resource estimate
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TSXV:SGU | OTCQB:SGGTF
Watch the interview as Walter Hanych, President, CEO and Director of Signature Resources and InvestorIntel CEO Tracy Weslosky discuss Signature’s historical gold property, Lingman Lake.
Financal Post's 'Midas Touch' podcast: Signature Resources confirms latest gold assays