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 24/7 drilling and expanded regional exploration to focus on rapidly expanding the Lingman Lake mineralized envelope and identify-prioritize the regional high-potential prospects for additional regional discoveries through test drilling. Signature's goal is to publish a maiden NI 43-101 compliant resource in late 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 - 2021 Winter/Spring 3,200 metre drill program completed; Fall 10,000 meter drill campaign is underway. Expanded Lingman Lake drilling and regional high-potential exploration programs active with the goal to publish an expanded maiden NI 43-101 resource by late 2022.