Signature Res Ltd Cda - SGGTF STOCK NEWS

Signature Resources (SGGTF) has announced final results from its 2024 drilling program at the Lingman Lake gold deposit. The program's highlight includes a new drill intercept of 51 metres averaging 1.81 g/t gold from LM24-09 in the South Zone, including 14m at 3.6 g/t Au.

The 2024 program consisted of 14 diamond drill holes totaling 4,736 metres, successfully extending mineralization west of the north-south trending dyke. Notable results include LM24-10 returning 34m at 1.8 g/t Au, including 6m at 7.7 g/t Au. The program confirmed larger near-surface gold mineralization and validated targets identified through AI interpolation.

The company expects to release its initial NI 43-101 resource estimate in spring 2025. The drilling has only covered 1.5 kilometers of the 32km wide greenstone belt and reached depths of only 200m, suggesting significant exploration potential remains.

Signature Resources (SGGTF) has announced significant drilling results from its 2024 program at the Lingman Lake Gold deposit. The company reported notable results from two drill holes east of the diabase dyke, with DDH LM 24-07 yielding 2.43 g/t gold over 47 metres, including 19 metres averaging 4.7 g/t gold. This confirms successful AI modeling implementation in target identification.

The drilling program has expanded knowledge of near-surface mineralization, supporting a potential starter pit concept. The company has identified multiple mineralization zones, including the North, South, Central, and 11650 Zones. Results from six additional drill holes west of the diabase dyke are pending, and the company remains on track to generate an initial NI 43-101 resource by spring 2024.

Signature Resources (SGGTF) has announced significant results from its 2024 drill program at the Lingman Lake gold deposit. The company reported notable findings from drill holes LM 24-04, LM 24-05, and LM 24-06, with LM 24-06 yielding 1.14 g/t gold over 54 metres, including three high-grade sections of 9.97 g/t, 7.16 g/t, and 17.69 g/t Au over one-meter intervals.

The company has completed its planned 14-hole diamond drilling program totaling 4,650 metres and expects to deliver its initial NI 43-101 resource in early Spring 2025. All necessary field work and verification have been completed by independent geologists. The program has revealed a larger halo of near-surface mineralization that was previously untested.

Additionally, Signature has secured a C$200,000 interest-free loan from a related party, maturing on April 30, 2025, to support ongoing operations while awaiting remaining assay results.

Signature Resources has provided an update on its 2024 drill program and assay results from the first three diamond drill holes at the Lingman Lake Project. Key highlights include intersections of 1.84 g/t Au over 12 metres in LM 24-02 and 1.23 g/t Au over 28 metres in LM 24-03. The company has completed 12 of 14 planned holes, with the remaining holes expected to be finished in early November. The program, totaling approximately 4,650 metres, aims to improve understanding of the Lingman Lake gold deposit and fill data gaps. Signature remains on track to deliver its initial NI 43-101 resource in early Spring 2025.

Signature Resources (TSXV: SGU) (OTCQB: SGGTF) has announced the results of its 2024 Annual General & Special Meeting of Shareholders. All proposed matters were approved with strong support, including the election of six directors, fixing the board size at six, reappointing McGovern Hurley LLP as auditors, and reapproving the Incentive Stock Option Plan. The company also engaged Renmark Financial Communications Inc. for investor relations activities, starting September 1st, 2024, for an initial seven-month period at a monthly fee of up to $9,000 CAD. J. Dan Denbow, President, CEO, and Director, expressed confidence in Renmark's ability to enhance Signature's profile in the financial community.

Signature Resources (TSXV: SGU) (OTCQB: SGGTF) has announced results from its May 2024 field program at the Lingman Lake property. The program included 101 channel samples and 28 grab samples, with gold grades ranging from 0.011g/t to 6.784g/t. Notable results include a 1.95g/t gold grade over nine meters in the North Zone and 1.64g/t over 6 meters in the South Zone B. The company also provided an update on its 2024 drilling program, with two holes completed totaling 810 meters. Signature Resources aims to deliver an initial NI 43-101 report next year and continues to explore the potential of its 32km wide greenstone belt.

Signature Resources announces the start of its 2024 drilling program after completing an initial field program. The field program helped understand structural controls, and 101 samples were collected for analysis at SGS's Red Lake facilities. The drill plan involves 14 drill holes over 4,650 meters, with the program expected to finish by fall 2024. Data collection will be followed by an independent audit, paving the way for a maiden NI 43-101 resource report in Spring 2025. CEO Dan Denbow, initially interim, is now appointed permanently, and Matthew Goodman joins the Audit Committee.

Signature Resources has successfully closed an upsized equity financing, issuing 10,900,000 flow-through shares and 31,143,506 non-flow-through shares at $0.05 per share, raising $2,102,175. Originally announced on May 2, 2024, the offering was upsized on May 22, 2024, due to strong demand. Insiders of Signature purchased 36% of the offering. The funds will support the 2024 drill program at the Lingman Lake Project and general working capital. The drill program aims to complete the initial NI 43-101 resource statement. Field activities included site mapping, channel sampling, and drill site preparation with 101 samples collected for analysis. Drilling is expected to start in early July 2024.

Signature Resources has received its exploration permit for the Lingman Lake project, covering 197 claims for three years. This permit allows the company to proceed with its 2024 drilling campaign and future operations, aiming to publish a maiden NI 43-101 by spring 2025. The company also announced an upsizing of its equity financing. Initially set at C$1,000,000, the offering has been increased to C$2,100,000 due to high demand. The proceeds will be used for the drilling program and general working capital, with 10% allocated to the latter. Management and the board are expected to subscribe to about one-third of the offering.