Signature Resources Files NI 43-101 Technical Report for the Initial Mineral Resource for the Lingman Lake Project

Core Insights - Signature Resources Ltd. has filed a National Instrument 43-101 (NI 43-101) technical report for the Lingman Lake Mine Project, marking the initial mineral resource estimate for the project [2][9] - The report, prepared by Watts, Griffis and McOuat, indicates an indicated resource of 2.15 million tonnes at an average grade of 1.38 grams-per-tonne gold, totaling approximately 95,200 ounces of gold, and an inferred resource of 18.4 million tonnes at an average grade of 1.14 grams-per-tonne gold, totaling approximately 674,320 ounces of gold [3][4] Mineral Resource Estimate - The mineral resource estimate (MRE) is based on 240 diamond drill holes and 33,309 assayed samples, with a total drilling length of 43,222 meters [3][4] - The current resource pit shell extends 1.6 kilometers from west to east, with a maximum width of approximately 400 meters and a maximum depth of about 340 meters below the surface [3][4] Resource Sensitivity - The MRE is reported using a cut-off grade of 0.30 grams-per-tonne gold, with the potential ounces estimated to be approximately 531,000 ounces at a higher cut-off grade of 1.00 grams-per-tonne gold [5][6] - The resource is not highly sensitive to changes in the cut-off grade due to higher grades in the upper portion of the deposit [5] Future Exploration Plans - The company plans a targeted drill program of approximately 6,000 meters in 2025, focusing on expanding the mineral resource laterally, infilling gaps in existing drilling, and extending knowledge of the deposit at depth [7] - There is potential for further mineralization outside the current pit shell, which could be included in future resource updates [6][7] Property Overview - The Lingman Lake gold property consists of approximately 24,821 hectares, including historical mining structures and extensive drilling history [11] - The property has seen over 43,222 meters of drilling and has produced bulk samples averaging 19 grams per tonne of gold [11]