Signature Resources Ltd (TSXV: SGU) (OTCQB: SGGTF) has continued to grow the Lingman Lake Gold Project in Ontario with the most recent set of drilling results from its recently started 10,000m diamond drill programme.
The latest batch of five diamond drill holes has successfully expanded the known zones of mineralisation both up dip and to depth on the eastern portion of the deposit located east of the diabase dyke.
Drilling highlights:
- 6.64 grams-per-tonne gold (g/t Au) over 3.0m in LM21-26; including 18.5 g/t Au over 1.0m
- 6.97 g/t Au over 2.0m in LM 21-25
“We are pleased with these drill results as they test and extend the mineralised zones east of the diabase dyke to depth that is approaching 250m vertical,” Head Geologist, Walter Hanych, said.
“High grade gold values in plunging shoots continue to be intersected along notable widths characterised by alteration zones of intense silicification, local brecciation and shearing. Additional assays from completed diamond drilling are expected shortly.
“It is important to highlight that the induced polarisation data is being interpreted and show several new targets areas east, south and north of the known zones.”
The current 10,000m drill programme up to and including LM21-30 is testing grade and continuity of the plunging mineralised high-grade shoots and overall mineralized North, South, and Central zones.
The focus is below the 400 level, down dip/plunge target drilling with 30m to 50m step outs and to a maximum depth of approximately 350m below surface.
The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totalling approximately 27,113 hectares. The property hosts an historical estimate of 234,684 oz of gold (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5m shaft, and three-levels at 46m, 84m and 122m depths.
For further details please visit: https://www.signatureresources.ca/
