Core Viewpoint - Signature Resources Ltd. is advancing its exploration efforts at the Lingman Lake Property with a proposed diamond drill hole program for fall 2025, aiming to expand its mineral resource base and raise equity financing to support these initiatives [1][2][3]. Drilling Program - The company plans to drill six diamond drill holes totaling approximately 3,000 meters, targeting areas identified through historical drilling and geophysical surveys [1][2]. - The 3D IP survey has revealed anomalies that correlate with known mineralized zones, particularly focusing on the West Zone, which is 590 meters west of previous drill holes [2][4]. - The fall drilling program aims to extend the resource along the east-west strike and test the depth of mineralization below the currently defined resource [8]. Equity Financing - Signature Resources is undertaking a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to C$3,000,000, with insiders expected to subscribe for at least 20% of the offering [3][20]. - Each flow-through unit is priced at C$0.06 and includes one common share and one half of a common share purchase warrant, while non-flow-through units are priced at C$0.055 [21]. - Proceeds from the offering will primarily fund the 2025 fall drilling program, with additional funds allocated for loan repayment and general working capital [22]. Geophysical Surveys - A geophysical interpretation report from a 3D Alpha IP survey identified numerous anomalies, indicating potential mineralization in areas previously untested by drilling [4][7]. - The survey covered an area of 3 km by 1.6 km to a depth of 600 meters, mapping chargeability, resistivity, and magnetic field intensity responses associated with gold mineralization [4][8]. Related Party Loan - The company has amended a loan agreement with a related party, extending the maturity date to October 30, 2025, with the loan provided on a non-cost basis [23][24]. - The company anticipates repaying the loan through future equity financings, ensuring compliance with TSXV Policy 5.9 and MI61-101 [24]. Company Background - The Lingman Lake gold property encompasses approximately 24,821 hectares and includes historical mining infrastructure, with over 43,222 meters of drilling conducted on the property [29].