2019

FS-Q1 Jan 31           FS-Q2 Apr 30

FS-Q3 Jul 31           

 

MDA-Q1 Jan 31     MDA-Q2 Apr 30

MDA-Q3 July 31    MDA-Q4 Oct 31

Lingman Lake Gold Mine 
  1. HIGH-GRADE BROWNFIELD PROJECT
    Recently consolidated lands hold a historical estimate of 234,648 oz with an average grade of 6.86 g/t gold**
     

  2. EXTRAORDINARY EXPLORATION POTENTIAL

    a. Exploration targets remain open, limited by drilling     

    b. Bulk and composite samples demonstrated a higher grade potential* of 10-19 g/t versus 6.86 g/t gold in the resource.

    c. Deep drill hole intersections at 240m vertical returned 1.5m of 325 g/t gold     

    d. Signature’s immediate goal is to up-grade the historic estimate to compliant resource reporting, and then expand it by drilling down-dip and along strike.    
     

  3. HIDDEN VALUE  

    Replacement costs for existing infrastructure (shaft, underground workings and historic drilling) compare well with the market capitalization at approximately ~$60 million** in value versus the current market cap of ~$8 million.

     

    *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

    **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. 

Financials

Current Financial Statements and
Management Discussion and Analysis

For earlier yearly statements visit the Archive

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