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Signature Resources Announces Findings from Spring Field Program
Newsfileยท2025-08-19 14:50

Core Insights - Signature Resources Ltd. announced the successful results of its spring field program conducted in May 2025 at the Lingman Lake Gold Mine, focusing on five sampling areas to delineate mineralization [1][9] - A total of 111 samples were collected, with nearly 25% returning assay values of 0.10 grams per tonne of gold or greater, indicating promising mineralization [1][9] Group 1: Sampling Areas - Area 1: Focused on the North Gold Zone, with notable samples returning values of 0.14 g/t Au and 0.21 g/t Au, and a grab sample yielding 8.26 g/t Au, suggesting a mineralized envelope [2][9] - Area 2: Investigated the section between the South Zone and 11650 Zone, with channel samples yielding values of 0.24 g/t Au and 0.54 g/t Au, while grab samples returned higher values of 0.67 g/t Au, 4.31 g/t Au, and 9.91 g/t Au [3][9] - Area 3: Explored the South Zone's strike projection, with previous drill results indicating gold mineralization of 1.81 g/t Au over 51 m and 1.80 g/t Au over 34 m, although surface samples returned lower values [5][9] - Area 4: Followed up on a previous sample yielding 5.45 g/t Au, with new channel samples returning values from 0.11 to 1.63 g/t Au, indicating a new target area [6][9] - Area 5: Focused on the interzonal corridor between Central Zone 'A' and 'B', with eight samples returning gold grades ranging from 0.13 to 1.27 g/t Au, warranting further detailed mapping [7][9] Group 2: Financial and Corporate Updates - The company amended a related party loan agreement, increasing the loan amount to $350,000 and extending the maturity date to September 30, 2025, to support ongoing operations [10] - The loan is provided on a non-cost basis, with no interest or fees, and the company plans to repay it through future equity financings [10] Group 3: Project Overview - The Lingman Lake gold property encompasses approximately 24,821 hectares, including historical mining infrastructure and extensive drilling, with an average of 19 grams per tonne of gold from bulk samples [15]