Higher grade gold assets in Canada command a premium valuation. Signature owns 100% of the Lingman Lake Gold Project which controls 85% of the greenstone basin surrounding the historical workings. Based on past drilling and bulk sampling showing compelling mineralization, management believes this area is highly prospective. Management have successfully ramped up exploration efforts to focus on rapidly expanding the mineralized envelope and investigate the prospects for a larger zone of mineralization that could potentially capture economies of scale. Signature's goal is to publish a maiden NI 43-101 compliant resource in 2022.
Lingman Lake Gold Mine
- High-Quality Asset in a Tier 1 Jurisdiction - Near surface 234,000 ounces historical gold resource with underground infrastructure and bulk samples grading 19 g/t gold located Tier 1 Prolific Red Lake District.
- Huge Land Package with High Regional Gold Discovery Potential - Covers 85% of the entire Lingman Lake Greenstone belt with several regional targets already identified.
- Entering Resource Growth Phase - Initial fully funded 2,500 metre drill program has started. Expanded program envisioned with the goal to publish an expanded maiden NI 43-101 resource by late 2022 and test several regional targets.