Signature Resources Ltd. is pleased to announce an increase to the non-brokered private placement to $1.9 million, previously announced on November 9, 2020. “The overwhelming positive response we have received, and continue to receive, from investors has been extremely exciting – particularly since this has occurred within the first two weeks of my tenure and that of our new Chairman. We plan to use the proceeds raised in [...]
Signature Resources Ltd. is pleased to announce the appointment of Robert Vallis as President, CEO, and Director. Robert Vallis is an accomplished senior leader and business professional with broad and progressive career developed over 25 years in the mining sector. Mr. Vallis brings to Signature a wide breadth of business and technical experience across multiple areas including corporate development, strategy and [...]
Signature Resources Ltd. is pleased to announce the appointment of Paolo Lostritto as the Chairman of the Board. Paolo Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997. Paolo has helped assess different companies/projects and helped finance them as they advanced through exploration, development, and production. Some of the companies where Paolo was [...]
Signature Resources Ltd. is pleased to announce a significant update to its gold assay results from its Exploration program. The update details the relationship of the areas sampled from its Exploration program conducted in September, 2020, as reported in a press release dated October 21, 2020. “Given the known relationship of the Lingman Lake Mine gold zones to the north granite-volcanic contact, our exploration [...]
Signature Resources Ltd. is pleased to announce gold assay results from its Exploration Program conducted in September, 2020. During this short, successful, helicopter supported program 92 grab samples were collected and assayed, from 5 separate target areas, by a team of two professional geologists, one geo-technician and one prospector. From the 92 samples, 14 assayed above 0.1 g/t Au, with values ranging from 2.117 to [...]
Signature Resources Ltd. is pleased to announce that it has successfully completed its two part field program and has demobilized its field crew from its Lingman Lake gold property in northern Ontario. The program focused on a borehole survey and a geological field program that sets up Signature Resource for a productive 2021 exploration program. Part 1: Borehole Survey The first phase of this program was to undertake [...]
Signature Resources Ltd. is pleased to announce that it has completed its two component field program with the crew it mobilized to its Lingman Lake gold property in northern Ontario in August. The first component of this program was to undertake borehole north-seeking gyro surveys of 104 holes drilled in the late 1980’s. This information will be extremely useful in calculating a new, more accurate resource model and [...]
Signature Resources Ltd. is pleased to announce the closing of the second and final tranche of its non-brokered private placement announced on August 17, 2020 . In the Second Tranche, the Company raised an additional $375,000 by issuing 5,924,000 hard dollar units at a price of $0.05 per HD Unit and 1,313,334 flow-through units at a price of $0.06 per FT Unit, resulting in $1,545,034 of aggregate gross proceeds of the [...]
Signature Resources Ltd. is pleased to announce the closing of the first tranche of the non-brokered private placement announced on August 17, 2020 . In this first tranche, the Company raised aggregate gross proceeds of $1,170,034 by issuing 22,560,686 hard dollar units at a price of $0.05 per HD Unit and 700,000 flow-through units at a price of $0.06 per FT Unit. The Company expects to close on the balance of the [...]
Signature Resources Ltd. is pleased to announce that it will conduct a non-brokered private placement , subject to the approval of the TSX Venture Exchange , for aggregate gross proceeds of up to $1,500,000. The Offering will consist of non-flow-through units at a price of $0.05 per NFT Unit, and flow-through units at a price of $0.06 per FT Unit. “As markets react to geopolitical events and the global pandemic, the [...]
Signature Resources Ltd. announces that the company has acquired by staking 5 kilometers of the eastern portion of the Lingman Lake greenstone belt covering its northern and eastern contact. “The 102 cells that were staked over the eastern portion of the Lingman Lake greenstone are important because the Lingman Lake gold mine is associated with this contact. This staking has increased the strike length of the favorable [...]
Signature Resources Ltd. is pleased to announce the commissioning of a detailed interpretation of its geophysical surveys. “We are excited that we will be undertaking a detailed technical interpretation of the airborne geophysical surveys in relation to structural controls. This is important because many Archean lode gold deposits have a strong linear structural control with associated splays which contain zones of gold [...]
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