Signature Resources Ltd. (SGGTF)

[Macod]

Seems like the pop the chairman was expecting has come to fruition yet

[dcbass]

Good news as usual. No stock movement as usual as well….

[Gadgetcollector]

TSXV: SGU | OTCQB: SGGTF | FSE: 3S3
Signature Resources Continues Extending Mineralized Zones to Depth; Drills 6.64 g/t Gold Over 3 Metres; Including 18.5 g/t Over 1.0 Metres at Its Lingman Lake Project

Toronto, Ontario, December 8, 2021 Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the most recent set of drilling results from its recently started 10,000 metre diamond drill program at our 100% owned Lingman Lake Gold Project in Ontario, Canada using our two owned diamond drill rigs. This batch of five diamond drill holes successfully expands the known zones of mineralization both up dip and to depth on the eastern portion of the deposit located east of the diabase dyke (See Figure 2).

Drilling highlights:

6.64 grams-per-tonne gold (“g/t Au”) over 3.0 metres (“m”) in LM21-26; including 18.5 g/t Au over 1.0 m
6.97 g/t Au over 2.0 metres in LM 21-25
“We are pleased with these drill results as they test and extend the mineralized zones east of the diabase dyke to depth that is approaching 250-metre vertical. High grade gold values in plunging shoots continue to be intersected along notable widths characterized 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 polarization data is being interpreted and show several new targets areas east, south and north of the known zones.”

Walter Hanych – Head Geologist

The current 10,000-metre drill program up to and including LM21-30 is testing grade and continuity of the plunging mineralized high-grade shoots and overall mineralized North, South, and Central zones. The focus is below the 400 level, down dip/plunge target drilling with 30-metre to 50-metre step outs and to a maximum depth of approximately 350-metres below surface.

Table 1 – Latest batch of Assay Results from Lingman Lake Gold Project Drilling
Latest batch of Assay Results from Lingman Lake Gold Project Drilling

Figure 1 – Lingman Lake Gold Project Land Holdings Covering 90% of the Lingman Lake Greenstone Belt
Lingman Lake Gold Project Land Holdings Covering 90% of the Lingman Lake Greenstone Belt

Figure 2 – Lingman Lake Gold Project Plan Map – Drilling Focused on Extending Known Zones to Depth
Lingman Lake Gold Project Plan Map – Drilling Focused on Extending Known Zones to Depth

Figure 3 - Diamond Drill Hole Plan Map – Extending Known Zones to Depth
Diamond Drill Hole Plan Map – Extending Known Zones to Depth

Figure 4 – Longitudinal North Zone Depth Extension Targets of Plunging Mineralization
Longitudinal North Zone Depth Extension Targets of Plunging Mineralization

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling 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 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
[e-mail]

Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Signature Resources Ltd.
401 Bay Street—Suite 2704,
Toronto, ON M5H 2Y4
[e-mail]

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[dcbass]

Sleeper. It’s ok I am sticking it out here. Gold gonna run one of these days/months/years…

[Gadgetcollector]

TSXV: SGU | OTCQB: SGGTF | FSE: 3S3
Signature Resources Identifies Eight New Regional Gold Exploration Targets from Completed Airborne Survey

Toronto, Ontario, November 30, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the geophysical interpretation of the recently completed airborne VLF magnetic survey. Work done to date from the 2021 survey produced eight new gold exploration targets of high-interest which results in a total of 15 regional exploration targets (when combined with the targets identified from the 2018 airborne survey - See Figure-1).

Highlights

15 total regional exploration targets of high interest identified
Merged magnetic surveys of 2018 and 2021 supports more complete contextual regional targeting
Magnetic data from the completed survey work reveals that the Lingman Greenstone belts has undergone several periods of folding and faulting producing favorable environments for gold deposition now including Sedimentary basin margins
“Signature’s Regional exploration program continues to yield exciting results and furthering the potential for additional gold discoveries within our large land package. The rich geologic structure of the Lingman greenstone belt is revealing several areas of high interest for gold deposition. Target ranking for prioritization is currently underway and will result in selecting our top-three regional explorations targets to begin next-stage ground-based survey work this winter. In parallel, the ongoing 10,000 metre diamond drilling at the Lingman Lake Gold Project designed to expand the known envelope of gold mineralization are expected in the coming weeks.”

Robert Vallis – President, CEO, and Director

Regional Exploration Advancements

Initial targeting brings target total to 15-anomalous zones (A to O – Figure 1) based on Reconstructed Total Field and First Derivative Magnetic maps. Target areas for gold mineralization selection is based on:

Structurally complex zones defined in magnetic data and historic data compilation
Regional-scale folds and faults interpreted from the data
Lithological boundaries
Priority target ranking is currently being conducted on the targets identified by airborne Very Low Frequency Electromagnetic data (VLF-EM) obtained in the 2018 and 2021 surveys flown. Winter follow-up in Q1 2022 of the top three targets by ground geophysics including magnetic and electromagnetic surveys is planned. Winter permitting applications for top three targets for summer drill testing will follow the priority target finalization.

Figure 1. Airborne Very Low Frequency Electromagnetic data (VLF-EM) obtained in the 2018 and 2021

Figure 1

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101 regulations and is a director of the Company.

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 grams-per-tonne (“g/t”) gold using a 2.73 g/t gold cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
[e-mail]

Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Signature Resources Ltd.
401 Bay Street?Suite 2704,
Toronto, ON M5H 2Y4
[e-mail]

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[Airchair]

I talked to the Head Geologist about the press release below and he said that a summary for a layperson would be that the results are meeting and exceeding the company's expectations and that most likely the current mine site will be at least double the size of the historically drllled zone and that all the new analysis is more or less providing data to show that this 70000 acre land package will have lots of opportunity to uncover new zones which are already are showing great promise with the drilling and surface work currently underway.

https://www.signatureresources.ca/news/signature-resources-releases-preliminary-interpretation-of-detailed-geophysical-results-at-its-lingman-lake-project

[dcbass]

Well according to the CEO on Twitter, we have four weeks to wait. What he expects then I don’t know but he sure seems confident.

[Gadgetcollector]

TSXV: SGU | OTCQB: SGGTF | FSE: 3S3
Signature Resources Confirms Near-Surface Strike Extensions Up To 500 Metres East From Existing Mineralized Zones

Toronto, Ontario, November 3, 2021. Signature Resources Ltd. (TSXV:SGU, OTCQB:SGGTF, FSE:3S3) ("Signature" or the "Company") is pleased to announce that it has found historical near-surface (<100 metre depth) drill data from ongoing compilation work. The historical drilling has confirmed signific ant East strike extensions to the existing North and Central mineralized zones. This historical data compilation work underpins several of the six newly-identified drill targets identified at the 100%-owned Lingman Lake Project from the recently-completed magnetic and IP geophysical surveys (See Figure 1).

Highlights

historical shallow test drilling:
7.54 g/t over 0.5 metres
6.18 g/t over 0.6 metres
Data essentially doubles the strike length of the existing North and Central gold zones
Test drilling of these new zones to commence mid-November focused on:
the new strike extensions to re-establish the existing zones on strike and thickness and
the new gold zone targets to the north and south of the existing zones and their associated east strike extensions
“The plethora of historical regional and local data that the Signature’s exploration team is working through, continues to yield exceptional and valuable results. This data is highly important when combined with the new geophysical survey data sets, in the identification and verification of significant gold mineralization strike extensions and entirely new zone drill targets. The data implies that the existing gold zones that contain the 234,000 ounce historical high-grade gold resource* could be vastly expanded. Test drilling will commence at these new target areas around mid-November once the depth extension drilling is complete”.

Robert Vallis – President, CEO, and Director

North and Central Zone Extensions

Geophysical interpretation of the recently-completed detailed ground magnetic survey has extended the North and Central zones eastward past the Mud Lake fault for more than 500 metres (See Figure 1). Most of the shallow historical test drilling on the Lingman Lake gold zones occurred west of this fault. The detailed magnetic survey suggests that this fault cuts all the known gold zones with a right lateral displacement of 50 to 60 metres. The new magnetic survey linear targets associated with the Lingman Lake Gold zones continue eastward from this fault. This interpretation has been corroborated by the historical shallow drilling, the locations of which have only recently been established.

New North Targets

This is potentially a new zone which was intersected by several historical drill holes including 7.54 g/t over 0.5 metres and 6.18 g/t over 0.6 metres. These values span over a kilometre in strike length occurring along the north edge of the new magnetic survey linear target, a feature that also exists in the Lingman Mine area (Figure 1: Targets FNZ-1 and 2). Compilation of the historical drilling near the north area of the historical mine workings area is ongoing and will support test drilling of this target (located immediately north of the existing North zone).

New South Targets

A strong correlation of the Lingman Lake Gold zones with the edges of magnetic linears is evident, which provides for the targeting of new linear targets and potentially the discovery of new gold zones in the southeast quadrant of the map (Figure 1: FSZ-1, 2, 3, 4 and 5).

An aggressive drill program is being designed to test all the above targets along a 625-metre north-south fence. Approximately 5-6 holes totaling 1,000 metres will be drilled in the coming weeks.

New High-Grade Surface Sample Location

Ongoing geographic information system (“GIS”) compilation work has positioned the location of historical surface sampling including one of which assayed 6.86 g/t Au. The sample site is located 160 metres south of Base Lake and coincides with two new subparallel magnetic linear targets; the southern target correlating to a Very Low Frequency Electromagnetic (“VLF”) survey target that is over 1,000-metres in length (Figure 1: targets BL1 and BL2). Drill testing of this area is planned for early 2022, pending further interpretive data analysis.

Ongoing Depth Extension Drilling

Extension drilling (around the clock, seven days a week) beneath the existing underground workings and historical resource down to ~250-300 metres continues on schedule and drill results will continue to be published, as they become available, from the assay lab.


Figure 1. Compilation map. First vertical derivative of anomalous total filed showing magnetic linear targets.

Figure 1. Compilation map. First vertical derivative of anomalous total filed showing magnetic linear targets.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed, and approved by Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101 regulations and is a director of the Company.

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling 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 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com. To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
[e-mail]

Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Signature Resources Ltd.
401 Bay Street?Suite 2704,
Toronto, ON M5H 2Y4
[e-mail]

Click here to unsubscribe from this list or email [e-mail] indicating you wish to be unsubscribed.

[Airchair]

Tantalizing tweet from chairman Paolo:

My guess is that we have five weeks left for the $SGU sale price to last. In the mean time, more news is coming . . . .https://t.co/zBxJ3LnqzW pic.twitter.com/wMFfojyj5l

— Paolo Lostritto (@P_Lostritto) October 28, 2021

[Macod]

Agreed, and looking forward to the shareholder conference call tomorrow

[dcbass]

Looks great! Price should start moving up soon, as drilling results continue to be announced.

[Gadgetcollector]

Signature Resources Drills 5.44 G/T Over 6 Metres; Including 17.20 G/T Over 1.0 Metres At Its Lingman Lake Project



TSXV: SGU | OTCQB: SGGTF | FSE: 3S3
Signature Resources Drills 5.44 g/t Over 6.0 Metres; Including 17.20 g/t Over 1.0 Metre at Its Lingman Lake Project

Toronto, Ontario, October 20, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE: 3S3) ("Signature" or the "Company") is pleased to announce its first four assay results from its recently-commenced 10,000-metre diamond drill program at Signature's 100%-owned Lingman Lake Gold Project in Ontario, Canada. Signature is using its own diamond drill rigs to advance exploration on this batch of drilling which was designed to test mineralization while expanding the known zone of mineralization to depth, east of the diabase dyke. Importantly, once the geophysics are fully processed, drilling will also test the six newly-identified targets at the Lingman Lake Gold project, discussed in our last press release dated October 14, 2021.

Drilling highlights:

6.47 g/t Au over 3.0 metres (“m”) in LM21-19; including 13.80 g/t Au over 1.0 m
5.44 g/t Au over 6.0 m in LM21-20; 17.2 g/t Au over 1.0 m and 7.76 g/t over 1.0 m
“Three of the first four drill holes intersected the North Zone as expected extending the existing mineralization to depth. The system is strong, displays significant high grade Au values over substantial core intervals. As the fully-funded drilling extends to deeper levels of the North Zone, extension drilling will also be intersecting and extending to depth the Central, South and 11650 zones.”

Robert Vallis – President, CEO, and Director

The planned drill program up to and including LM21-26 will be testing inter-level grade and continuity of the plunging mineralized shoots. The focus is the North Zone below the 400 level, down dip/plunge target drilling with 30-metre to 50-metre step outs for holes LM21-27 to 34. The deepest hole planned (LM21-31) is targeting the North Zone, approximately 322 metres below surface.

In the process of extension drilling the North Zone to depth, the Central, South and 11650 zones will also be intersected and are expected to extend proportionally. Drilling of the newly-identified target areas East, North and South of the existing depth extension drilling will commence in November. LM21-19 was designed to test inter-level grades between the 150 level and 275 level. LM21-20, 21 and 23 were collared to test the North Zone above the 150L (Figures 2,3 & Table 1).

Figure 1 – Lingman Lake Gold Project Land Holdings Covering 90% of the Lingman Lake Greenstone Belt

Lingman Lake Gold Project Land Holdings Covering 90% of the Lingman Lake Greenstone Belt

Figure 2 – Lingman Lake Gold Project Plan Map – Drilling Focused on Extending Known Zones to Depth

Lingman Lake Gold Project Plan Map – Drilling Focused on Extending Known Zones to Depth

Figure 3 - Diamond Drill Hole Plan Map – Extending Known Zones to Depth

Diamond Drill Hole Plan Map - Extending Known Zones to Depth

Table 1 – Diamond Drill Hole Assay Results Summary

Diamond Drill Hole Plan Map - Extending Known Zones to Depth

About Signature
The Lingman Lake Gold Property consists of 1,434 staked claims, four freehold, fully-patented claims and 14 mineral rights patented claims totaling 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 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company intends to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
[e-mail]

Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Signature Resources Ltd.
401 Bay Street—Suite 2704,
Toronto, ON M5H 2Y4
[e-mail]

Click here to unsubscribe from this list or email [e-mail] indicating you wish to be unsubscribed.

[Airchair]

There will be a Signature update via webinar with CEO Rob Vallis this Thursday at 4:05pm. EST and here a link to register:
https://mailchi.mp/amvestcapital.com/join-ussignature-resources-ltd-live-webinar-mon-july-26-1100-am-edt-expanding-lingman-lake-gold-zone-red-lake-district-nw-ontario-10137554?e=9ca9265516

[Airchair]

I just talked to CEO Robert Vallis and he gave me a nice update I'm where things stand with the exploration program and he said quite a bit of news will start flowing within a week and the news should not stop coming for at least another year until the maiden 43-101 is produced near the end of 2022! He said the reason for the delay of news had a lot to do with the severe summer fires which forced the exploration team to vacate the camp, but now the camp has been safeguarded from future fires and has grown from a 15-man camp to a 30-man camp with two drills and extra heavy duty equipment to move the drills around and now the camp has backup power and equipment and can therefore run 24/7.

[PennyStockTrader2]

picked up almost 100K in the 5s and 6s. This is an absolute steal in my opinion at these prices. I will do everything I possibly can to continue accumulation by shifting from other positions but only as opportunities present themselves. Another 50 thousand at 5 cents would be good. I had pretty much missed the boat on this one but I can now say i am at least partially in the game

[monte1946]

Ready for Blast-off

[Airchair]

The essence of the PR is that the rock character and quality that has been found so far is consistent with the type of rock that presents high-grade gold discoveries!

[Airchair]

The new 30 man camp is it amazing set up in terms of quality and professionalism because I was up there a couple of years ago when there was a 15-man camp and it was really well rum, but this new camp is a Quantum Leap! Now with the new camp and several quality institutional investors and plenty of money in the treasury, the company should not have to ever turn the drills off until they are ready to sell this company to a miner in the next year or two!!

[monte1946]

Drilling has started, looking forward to good results!!!

[STILL TOWING]

Lol..i aint exactly on the all star team right now either. Time will tell. Gdlk

[jrf30]

Yep. Like GHMP too. Not good luck lately on my picks. COIN also took a hickey the last few weeks. Although I'm about even on that one.

0 for 2 and 1 even. Not good lately. Was hoping one of the three of my 2021 buys would pop for me. Maybe by the end of the year ....

[Macod]

And Funn

[STILL TOWING]

Kinda like $ghmp

[jrf30]

SLowly. Dying. Here.

Down 50% and more, and the bid and ask both just keep dropping. Just since June. 16 cents to 7 cents, and today still falling on bid and ask both.

[Macod]

Great. Tweet from Chairman..

Crescat talks $SGU @ 21 minute mark - thank you gents - Beaver Creek Precious Metal... https://t.co/FFiBj6pZq5 via @YouTube pic.twitter.com/cSKNJhAWaS

— Paolo Lostritto (@P_Lostritto) September 13, 2021

[dcbass]

It means HUGE potential.

[Macod]

I missed this PR last week, does anyone know what it means?

Signature Resources' Regional Work Shows Signs of a Potential Porphyry System; Ground Geophysics Commenced at Lingman Lake

https://finance.yahoo.com/news/signature-resources-regional-shows-signs-110000370.html

Toronto, Ontario--(Newsfile Corp. - September 7, 2021) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S3) ("Signature" or the "Company") is pleased to announce that its ongoing regional compilation has resulted in the development of a preliminary model to explain the geophysical signature and mineralization at Area-2 (Matikwan Lake-target) in the north-western portion of its 100%-owned Lingman Lake Gold Project ("Project") located in Northwestern Ontario (see Figures 1 & 2).

Highlights:

Extensive 8,000-metre by 2,200 metre geophysical low in mafic volcanics. Possibly the result of an underlying felsic intrusive body;


Gold, silver (precious metals); copper, lead, zinc, molybdenum (base metals) associated with localized magnetic highs within the larger magnetic low;


Base metal assemblage more indicative of an intrusive (porphyry) system with a precious metal component;


26-shallow drill holes (1965-1979), totaling 1,623 metres (averaging 62-metres) intersected disseminated to massive sulphides in felsic and mafic volcanics; and


1971 mapping by Johnson identified 40-mineral occurrences.

"This is an exciting development in the regional potential of the Lingman Lake Greenstone Belt, as we may be looking at a potential porphyry system in the north-western portion of the property. The mineral assemblages and geophysical signature of the area suggests that a felsic intrusive body may underlie the volcanic rocks. Vein and stringer sulphides would have permeated the volcanic rocks in a fracture system generated by the intrusion. We are eager to test this idea with detailed mapping and ground geophysics, followed by drilling. Whilst we remain focused on expanding the known zones of gold mineralization at the Lingman Lake Gold Mine with a 10,000-metre diamond drill program in the Fall, the regional compilation work is designed to unlock the regional potential of the camp as well as identify new targets to test in parallel with the work we are doing at the Lingman Lake deposit."
Walter Hanych - Head Geologist

Ground magnetic survey commenced at Lingman Lake. As a follow-up to our last press release dated August 23, 2021, work has commenced on a completed 200-line kilometre ground magnetic survey over the Lingman Lake underground workings and historical resource. The data from this survey will be aggregated with 3D IP data to optimize drill hole target vectoring in the upcoming 10,000-metre diamond drill program scheduled to commence around mid-September.




Figure 1: Compilation map of Geophysics over Geology and Mineral Showings

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8296/95643_4098c9f8c4c70bf4_001full.jpg



Figure 2: Geophysical map; Anomalous Total Field Magnetics and Mineral Showings

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8296/95643_4098c9f8c4c70bf4_002full.jpg

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling 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 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com.

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416.417.8349
[e-mail]

[Macod]

I plan on adding as much as I can under .10, just need at least one of my others to go first

[Airchair]

I thought this article about billionaire John Paulson being bullish on gold was pretty favorable for Signature's plan to drill through the winter and depending on the results, midway to the end of next year start looking around for a buyout in the midst of the new gold bull market:

https://www.zerohedge.com/commodities/parabolic-gold-john-paulson-warns-inflation-well-above-expectations-its-way

[dcbass]

I’m excited about the drill program this fall! Adding here when I can.

[Macod]

Great to see gold on an upswing

[Gadgetcollector]

Toronto, Ontario, August 23, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce an update on all site activities including the geophysical data programs and project site drill preparation being conducted at its 100% owned Lingman Lake Gold Project (“Project”) located in Northwestern Ontario.

Highlights:

The planned 10,000 meter fall drill program remains on schedule to commence around mid-September despite a challenging summer.
Delays with the summer activities related to the extensive summer wildfires and smoke in surrounding regions have subsided and no longer hamper site activities.
Previously announced geophysical programs are progressing rapidly:
Property-wide airborne LIDAR program has been completed
Lingman site 3D Induced Polarization (“IP”) data program is ~60% completed and is expected to be completed by mid-late September (in time for drilling)
Property-wide airborne geophysics program is underway and scheduled to be completed in early September
Newly analyzed historical information in the on-going compilation of the Lingman Lake Greenstone belt has generated a conceptual exploration model for the 40-mineral occurrences located at the west end of the belt.
Site expansion and enhancements supporting the upcoming expanded drilling campaign continue to advance and are scheduled to be largely completed by late September.

“Signature has successfully progressed its Project on all fronts throughout this summer despite incurring some delays that were caused by wildfires in the region and I am proud of the whole Signature team for what they have been able to accomplish. The Project remains on target to commence drilling around mid-September.”

Robert Vallis – President, CEO, and Director

The late summer schedule is focused on completing various site and regional geophysical data collection programs, and several camp expansion/enhancement tasks to prepare for the next scheduled expanded drill campaign.

Wildfire-related government restrictions have now been lifted. The month of July and into early August saw delays incurred at the Project related to the significant wildfires and smoke from unprecedented and extreme drought conditions that hampered and threatened the entire regions of western and northwest Ontario into and throughout Manitoba, Saskatchewan, and south into the northern United States. A resulting restriction of all industrial forestry/logging operations and certain mineral field exploration and mining-related activities was put into effect by the Ministry of Northern Development, Mines, Natural Resources and Forestry (“NDMNRF”).

The NDMNRF restriction delayed the Company’s in-progress 3D IP data collection program. However, ~60% of the planned survey was completed before this restriction was imposed and that data has been processed on a first-pass basis, resulting in a preliminary interpretation of the dataset. This interpretation will be released in the coming weeks. The smoke in and around the regional property presented challenges and delays to commencing and completing the previously-noted regional airborne and project ground geophysical and site expansion activities. Site access was also challenged due to the secondment of regional air equipment for supporting provincial firefighting operations and emergency evacuations throughout many communities in western Ontario and eastern Manitoba.

During the NDMNRF imposed restriction period, the Company successfully implemented several site risk mitigations including:

a substantial fire break-barrier around the entire project site perimeter
installation of fire suppression systems in specific areas throughout the camp
staged existing site equipment/supplies in safe zones at site
staged new equipment/supply deliveries off-site in secure locations
insurance contracts have been augmented for larger Project scope
With wildfire delays and related challenges abated, the Company continues to advance all planned site and regional activities responsibly and rapidly towards drilling around mid-September.

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four freehold full patented claims and 14 mineral rights patented claims totaling 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 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Donna McLean
Chief Financial Officer
416-417-8349

[Macod]

600k on the bid! nice support

[Macod]

Very good Airchair. Long term this is going to be a huge winner, I'll be adding along the way, especially under .10!

[Airchair]

JR the best way to determine if the stock price pull back is because of something the company is doing or the sector is doing is to look at the big mining ETFs such as the GDX and the GDXJ and then of course the trend of the price of gold over the last year and if you do that you will notice all three have pulled back substantially in price and are also right now in the well-known cyclical summer doldrums. So any company stock price trying to fight those three major headwinds would require some kind of unusual and substantively positive news and we're just not quite there yet with signature. Starting soon with two drills working as well as a 30 man camp this company will be trying to find the type of gold deposits that will jump-start this price rise, but it would be very helpful to have a tailwind instead of a headwind from the mining sector and gold price!

[jrf30]

"JR do not worry about the stock price at this time"

And yet it goes down another 20% since you wrote this, just a week ago.

It may eventually go up, but if it drops so much that the "rise" puts it back where it was a month ago that doesn't help us much.

Why are we backtracking THIS time, if all is so well with the company and no one is bashing it? ANy thoughts why we are hitting lows like this?

[dcbass]

I am sure you could say this about other junior minors out there but signature is the best company it’s ever been since inception, and it’s super cheap to buy shares.

Hoping to add soon!

[Macod]

Thanks for the update Airchair. Company is making big board moves

[Airchair]

I just talked to former CFO Jonathan Held and he's very happy that Signature is rapidly advancing to a mid-stage exploration company and since his expertise is in early stage company development, he decided to let the company hire a permanent CFO but he's still happily a major shareholder and still involved with Signature just not in the CFO role!

[dcbass]

Yessir! Patiently holding this diamond in the rough.

[Gadgetcollector]

This Company has matured into a real World Class Organization..



Signature Resources Announces CFO Appointment
Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the appointment of Donna McLean as Chief Financial Officer ("CFO") of Signature, effective immediately. The appointment of Ms. McLean is key in positioning Signature's Management to successfully lead the Company's continued growth with efficiency and effectiveness.

Jonathan Held has stepped down from the CFO position to pursue other interests but will remain for a duration to ensure a smooth and complete transition. Mr. Held, CPA, CA is a seasoned financial executive with CFO level experience with both private and public companies. He has held the position of CFO and Director of Signature for over eight years from its inception and has been integral to Signature's successful growth as a highly valued member of the Company's management team.

Donna McLean is an accomplished executive with over 30 years of financial reporting and corporate administration. Ms. McLean has served as Chief Financial Officer and Controller for numerous publicly traded and private companies including a number of mineral exploration companies. She serves as Manager, Accounting Services with Grove Corporate Services Ltd. (www.grovecorp.ca) that provides governance, accounting and administrative services to small-cap public and private companies in Canada. Ms. McLean also serves as Chief Financial Officer for Unigold Inc., Firestone Ventures Inc. and Avidian Gold Corp. Ms. McLean will be joined by Ms. Sarah Morrison, Chief Operating Officer, Grove Corporate Services, who will be assuming the role of Corporate Secretary for the Company.

"Sarah and I are delighted to be adding Signature to our quality resource-based client stable. We believe they are poised for sustainable growth and exploration success, and we look forward to bringing our corporate services support to the team with the mutual aim of unlocking the value of the Lingman Lake Gold Camp for shareholders."
Donna McLean - CFO

"I am very pleased to welcome Donna into the CFO role. Her skill set, successful track record, and professionalism position her as a key member of Signature's management team. I look forward to working closely with her to continue the successful growth of the Company and its value delivery to shareholders. It is a bittersweet task to wish Jonathan well with his new undertakings. Signature has been blessed with his dedication, skill, discipline, and attention to detail and the CFO transition process shall continue to benefit from this. He has been and will remain, a highly respected and cherished member of Signature's family. We sincerely wish him well."
Robert Vallis - President, CEO, and Director

About Signature

The Lingman Lake gold property consists of 1,434 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling 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 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

[dcbass]

Wonderful!

[Calvertco]

Thank you Airchair!

[Airchair]

I wanted a everyone aware that I personally know and have worked with Signature's founder John Leliever and he has over 40 years of working on early stage projects and expertise is bringing the project to a marketable sale point.
He recognized the massive upside potential of the property developing into a major regional development situation and he recognized that some major changes would be required to truly give the project and shareholders the best chance of moving the project forward at a faster pace.
As mentioned the original management team continue to hold the highest senior management positions and the founder continues first hand to work not only on site but in the background closely with the new principles that he approved to run his company.
He has told me personally he couldn't be happier with the the new team at the helm and fully supports their visions.

[Airchair]

JR no sooner had I posted a reply to your concerns and the price jumped up a couple pennies but that just goes to show you how quickly things can change in a thinly-traded summer Market!

[Airchair]

JR do not worry about the stock price at this time because the primary goal is a year or two away before the big price increase. So the current price downdraft is based on of course the short-term price of gold which is negative and overall price direction of the gold mining sector which is negative. Once these two headwinds become Tailwinds and probably fairly , be off again too higher price territory! Our company is in and out standing position to be a leader in price once the sector becomes hot again because they are doing everything right at this point but the price simply cannot overcome those two primary headwinds without spectacular drilling results which may come with the next program. The goal of the last drilling program was to provide additional information about the size and scope of the ore body and that program was successful to that extent, however it did not excite the market because it did not find Spectacular amounts of ultra high-grade gold and this will be at least one of the goals in the next drilling program.

[jrf30]

I wish they would raise the stock price as well as raising the quality of the board.

[Airchair]

I had a couple of questions from people wondering why the current board members were stepping down and the simple answer is that they are still with the company and well-respected, but the company wanted to have a more independent and more prominent board and so they were able to find some very talented new board members who are well connected in the industry and certainly more in a position to help raise the visibility of the company and also to help the company raise money if and when when more money is needed.

[Gadgetcollector]

Signature Resources Improves Independence & Corporate Governance With Changes To Its Board Of Directors And Advisory Board

Toronto, Ontario, August 4, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the addition of three new Board of Director (the “Board”) members and one new Advisory Board member. Lisa Davis, John Hayes, and Dan Denbow have been appointed to the Board. Concurrently, Jonathan Held and Walter Hanych will be stepping down from the Board. John Hayes and Dan Denbow previously held positions on Signature’s Advisory Board and bring with their respective backgrounds a valuable understanding and awareness of the Company’s ongoing strategic planning and related activities. In addition, Priya Patil will be joining the Company’s Advisory Board. All these changes are designed to improve the Company’s independence, diversification and corporate governance that will strengthen Signature’s future growth capabilities.

The Company would like to particularly thank Mr. Held and Mr. Hanych for their long-standing service on the Board of Directors and their valuable contributions to Signature’s successes.

“I am honoured and pleased that Signature was able to attract such talented and experienced industry titans to join our team. Their proficiency, oversight and guidance should position the Company well for the next leg of exploration growth with the aim of unlocking the value of the Lingman Lake Gold Camp for shareholders.”

Paolo Lostritto, P.Eng – Chairman

Lisa Davis brings to Signature’s board significant perspective from the industry as the Chief Executive Officer of Peartree Securities Inc., a boutique financing and advisory firm focused on the junior Canadian resource sector. Drawing on the in-depth knowledge of securities regulation gained in part while on secondment to the Ontario Securities Commission Lisa is also responsible for the legal and compliance aspects of the firm's business as well as for PearTree Financial Services Ltd., the originator and leading provider of flow through donation financing services in Canada. Prior to joining Peartree, Lisa was General Counsel for a specialized investment fund business with more than $3B in assets under administration. A graduate of Osgoode Hall Law School, Lisa was a partner at Fraser Milner Casgrain LLP (currently Dentons) where she specialized in corporate and securities law. Lisa has earned the ICD.D designation from the Institute of Corporate Directors and has served as a Director of the Prospectors & Developers Association of Canada (PDAC) as well as a member of the PDAC’s Executive Committee and co-chair of the Finance & Taxation Committee of the PDAC.

John Hayes is a professional geologist with over 20 years of exploration, and many years of capital markets experience. John worked for ten years in mining equity research at BMO Capital Markets and at the time of his retirement in 2014 was a managing director covering global precious and base metal companies as they advanced projects from exploration to production. Most recently, John served in senior roles at Pretium Resources and Osisko Mining. He is currently a Director and Chairman of Maritime Resources Corp. John graduated from Memorial University of Newfoundland with an Honours Bachelor of Science in Geology (1989) and a Master of Science in Geology (1997). He also holds an MBA from Dalhousie University (2003) and is a member (P. Geo.) of the Professional Engineers and Geoscientists Newfoundland and Labrador.

Dan Denbow has spent over 28 years in the capital markets with his most recent experience associated with USAA Investment Management Company. As a portfolio manager for USAA Dan was responsible for managing over US$4 billion in three strategies: a domestic dividend and global dividend strategy and the USAA Precious Metals and Minerals Fund. Dan and his team have received eight Lipper Fund awards, six Lipper Fund Achievement certificates, a TopGun Investment Mind award in 2018 from Brendan Wood International, and the USAA Precious Metals Fund was named the “Fund of the Decade” for the ten-year period ending 2009. The USAA Precious Metals and Minerals Fund focused on selection of gold mining securities with a relative value ranking adjusting for risk based on factors including asset quality, management quality, and balance sheet quality. Dan holds an MBA from Texas Christian University, Neeley School of Business and is a CFA charter holder.

Priya Patil has more than 20 years’ experience in building and leading businesses in mining and financial services in Canada, the U.S. and India. Priya has held strategy, corporate development and governance roles. She served as General Counsel of a multi-mine zinc/copper producer operating in multiple countries; Global Head of Diversified Industries at Toronto Stock Exchange; Managing Director and Head of Investment of Banking at two national investment banks and as an attorney in Canada and Palo Alto, California. Priya serves and has served as a director and Audit/Compensation Committee Chair of public natural resources companies listed on the TSX and the AIM Exchange of the LSE. Priya was chosen as a Canada Board Diversity Council – 2017 Diversity 50 Honoree. Priya is passionate about education and economic development. Priya is a member of the California and Ontario bars; holds her J.D. and B.Sc. (Statistics and Computer Sciences) and earned her ICD.D charter from Rotman School of Management.

Stock Options

The Company has also granted a combined total of 1,600,000 incentive stock options to the incoming Board and Advisory Board members as a result of their appointments. The options shall have an exercise price of $0.16, expire five years from the date of issuance, and shall vest 25% immediately, and 12.5% ever six months thereafter through to the third anniversary.

[Airchair]

Monte compared to the millions of dollars raised recently for exploration the day-to-day price and volume amounts to $10k or $20,000 at this time so it's not really indicative of anything and it is just the normal volatility of day-to-day Trading and certainly not very many investors.