News Bureau

 
April 13, 2019

Signature identifies extensive gold target

Signature Resources has received additional interpretation of its airborne geophysical surveys. The data from the surveys, which have identified characteristics of the gold zones at the Lingman Lake mine, have now defined an extensive area exhibiting the same characteristics. The area is known to host over 40 mineral occurrences, reported to contain gold, copper and molybdenum mineralization. This area is situated 12.5-kilometers west of the Lingman Lake gold mine.

“These areas, far to the West of the Lingman Gold Zones, are a high priority for future exploration work. The premise that the contact zone is an extensive alteration feature along extended strike length is new for the project, but possibly explains the 40 mineral occurrences, blast trenches and historical drill holes at the West end of the property.  This historical work may have been onto something, but lacked modern airborne geophysics and inversion modelling to support the targeting” commented Walter Hanych, President and CEO of Signature Resources.

An image of the Reconstructed Total Field magnetics from the airborne survey is presented below highlighting key areas.  The felsic intrusives are obvious magnetic lows, but this presentation shows distinct magnetic lows immediately South of the felsic/mafic contact, which could relate to alteration and magnetite replacement by pyrite.

Jeremy S. Brett of MPH Consulting Limited states: “The newly identified coincident magnetic and resistivity lows could match an ideal model for a large alteration system at the West end of the property and along the felsic / mafic contact.  This matches the same geophysical anomaly characteristics observed at the Lingman Gold Zone."