Wats, Griffis & McOuat is excited to announce the discovery of new target zones at the Lingman Lake Gold Project, owned by Signature Resources. In 2021, SR had used airborne geophysics surveys to identify fourteen potential target zones for exploration. Using fundamental geological principles, WGM speculated that there were gold ore zones that were previously unsampled. These ore zones were recently confirmed to be between high-grade zones .
This is very exciting news for our client, Signature. Out of 30 holes sampled, 7 holes have newly identified low-grade mineralization and a number of higher-grade shoots. Intercept widths ranged from 1.0 to 2.0 metres. This additional knowledge gained from the sampling program proposed by WGM will better inform future exploration work and points to the need for further sampling between areas of known mineralization.
“Initial intra-zone sampling results identifying a broader mineralized gold system from additional sampling between the previously identified zones is directionally positive for the mineralized volume, scale of potentially contained ounces, and quality of the developing initial resource estimate… We are very pleased with these results as this new information underpins the ongoing development of a more robust gold system than previously understood.”
Robert Vallis, President, CEO, and Director
