Signature Resources Ltd. (SGGTF)

[Gadgetcollector]

8:30a ET 2/25/2021 - Globe Newswire
Signature Resources Increases Its Lingman Lake Project Land Package in the Prolific Red Lake Geologic District
Mentioned: SGGTF
Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE: 3S3) ("Signature" or the "Company") is pleased to announce the increase in its land position at its Lingman Lake Project within in the prolific Red Lake geologic district in Northwestern Ontario.

The previously held claims, excluding the 18 held patented claims, of 604 has been increased to 1,066 claims. When added to the 4 full patent claims and 14 mineral rights patented claims held, Signature now holds a total of 1,084 claims (20,124 hectares).

The updated claim package covers a huge land holding defined by a near 30 km E-W strike distance and 202 square kilometers of highly prospective mineral potential. The Signature team is excited with its plans to commence a significant regional exploration program commencing in the spring of 2021. The program will be focused on following-up on previously completed regional exploration work identifying and unlocking multiple high-potential regional drill targets throughout its massive land package.

"The addition of 462 claims to Signature's Lingman Lake property, which cover complex structural domains beyond the all-important North Contact, has enhanced the district scale potential of the Lingman Lake land package. We look forward to undertaking regional and targeted exploration programs to assess this potential in the up-coming field season".

Walter Hanych - Chief Geologist

The Company continues preparations to commence its 2,500 meter 2021 winter drill program in early March as targeted. The program is focused on expanding the known zone of historic mineralization towards the west and to depth.

An image of the updated land package highlighting the recently added claims is depicted below:

https://www.globenewswire.com/NewsRoom/AttachmentNg/4e9166f2-a3c2-47a2-9522-d48132a2a0be