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Signature Resources Ltd. (OTCQB: SGGTF) generates a steady flow of news tied to its work on the Lingman Lake Gold Project in Northwestern Ontario. Company announcements emphasize its status as a Canadian-based advanced stage exploration company focused on expanding the 100% owned Lingman Lake gold deposit and advancing the associated historic Lingman Lake Gold Mine underground workings.
News releases frequently cover exploration results and technical milestones. These include updates on diamond drilling programs targeting extensions of known mineralization at depth and laterally, summaries of surface mapping and channel sampling campaigns, and detailed reporting on the initial NI 43‑101 mineral resource estimate for the Lingman Lake Gold Deposit. Technical updates often reference specific mineralized zones such as the North, Central, South, West and 11650N zones, as well as geophysical work using induced polarization and magnetic surveys.
Investors following SGGTF news will also see financing and corporate updates. The company regularly reports on non‑brokered private placements of flow‑through shares, charity flow‑through units and non‑flow‑through units, along with shares‑for‑debt transactions. These releases outline how proceeds are allocated between exploration activities on the Lingman Lake Gold Project, completion of resource modeling, drilling expenses, camp maintenance and general working capital.
Additional news items include governance and corporate actions, such as results of annual general and special meetings, stock option grants under the company’s incentive plan, and participation in investor conferences. Together, these updates provide context on how Signature is managing its exploration programs, funding strategy and corporate structure as it advances the Lingman Lake gold asset. For users tracking SGGTF, the news stream offers insight into both technical progress on the deposit and the company’s capital markets activity.
Signature Resources (OTCQB: SGGTF) has announced its initial mineral resource estimate (MRE) for the Lingman Lake Gold Deposit in Ontario, revealing significant gold resources within a single open pit configuration. The MRE, compiled by Watts, Griffis and McOuat, shows indicated resources of 2.15 million tonnes at 1.38 g/t Au (95,200 oz Au) and inferred resources of 18.4 million tonnes at 1.14 g/t Au (674,320 oz Au).
The resource pit shell extends 1.6 kilometers from West to East, with a maximum width of ~400m and depth of 340m. The MRE is based on 240 diamond drill holes totaling 43,222 metres with 33,309 assayed samples. The deposit remains open for expansion, with structures hosting mineralization extending east, west, and at depth.
Key technical parameters include varying resource caps from 4.5g/t to 20 g/t Au depending on the zone, a cut-off grade of 0.3 g/t Au, and pit walls constructed at 55 degrees. The project benefits from improved regional infrastructure, with high-tension power and road access approximately 45 kilometers away following the recent Wataynikaneyap Power Project completion.
The company plans a 6,000-metre drilling program for 2025, focusing on expanding the resource laterally, infilling gaps, and extending knowledge of the deposit at depth. Additional studies including mineralogy analysis and early-stage metallurgical testing are also planned.
Signature Resources (SGGTF) has successfully closed an upsized equity financing, raising gross proceeds of C$1,471,400 through the issuance of 5,400,000 flow-through shares and 24,028,000 non-flow-through units at C$0.05 each. Each NFT unit includes one common share and half a warrant, with whole warrants exercisable at C$0.08 for 12 months.
Company insiders participated significantly, acquiring 55% of the offering through 3,800,000 FT shares and 12,000,000 NFT shares. The proceeds will be allocated as follows:
- 20% for completing maiden NI 43-101 resource
- 27% for 2024 drilling program expenses
- 28% for equipment and exploration camp expenses
- 25% for general working capital
The financing will support the completion of the initial NI 43-101 resource report on the Lingman Lake project, which has been drilled to a depth of 200 meters and remains open laterally.
Signature Resources (SGGTF) has announced an increase in its non-brokered private placement from C$1,000,000 to C$1,400,000 due to strong demand. The offering includes flow-through shares and non-flow-through units priced at C$0.05 each.
Each non-flow-through unit comprises one common share and half a warrant, with each whole warrant allowing purchase of an additional share at C$0.08 within 12 months. Company insiders are expected to participate in approximately 50% of the offering.
The proceeds allocation is planned as follows:
- 30% for completing resource model
- 25% for remaining 2024 drilling program expenses
- 45% for general working capital including accrued invoices to a non-arm's length party
Signature Resources (TSXV: SGU, OTCQB: SGGTF) has modified its previously announced non-brokered private placement terms. The company is maintaining its target of raising up to C$1,000,000 through an offering of flow-through shares at C$0.05 per share and non-flow-through units at C$0.05 per unit.
Each non-flow-through unit now includes one common share and half a warrant, with each whole warrant exercisable at C$0.08 for 12 months. Insiders are expected to participate in at least 50% of the offering.
The proceeds allocation is planned as follows:
- 30% for completing resource model
- 25% for remaining 2024 drilling program expenses
- 45% for general working capital, including accrued invoices to a non-arm's length party
Signature Resources (TSXV: SGU) (OTCQB: SGGTF) has announced a non-brokered private placement offering of flow-through and non-flow-through shares at C$0.05 per share, aiming to raise up to C$1,000,000. Insiders are expected to subscribe for at least 20% of the offering.
The proceeds will be allocated as follows:
- 30% for completing the resource model
- 25% for remaining 2024 drilling program expenses
- 45% for general working capital including accrued invoices to a non-arm's length party
Additionally, the company announced a delay in publishing its maiden NI 43-101 resource study, originally scheduled for April 2025. Due to delayed final assay results, the independent consulting firm Watts, Griffis and McQuat (WGM) now expects to complete the report by early summer 2025. Despite this setback, Signature remains optimistic about the 2024 drilling program results and their positive impact on the geological model.
Signature Resources (SGGTF) has announced final results from its 2024 drilling program at the Lingman Lake gold deposit. The program's highlight includes a new drill intercept of 51 metres averaging 1.81 g/t gold from LM24-09 in the South Zone, including 14m at 3.6 g/t Au.
The 2024 program consisted of 14 diamond drill holes totaling 4,736 metres, successfully extending mineralization west of the north-south trending dyke. Notable results include LM24-10 returning 34m at 1.8 g/t Au, including 6m at 7.7 g/t Au. The program confirmed larger near-surface gold mineralization and validated targets identified through AI interpolation.
The company expects to release its initial NI 43-101 resource estimate in spring 2025. The drilling has only covered 1.5 kilometers of the 32km wide greenstone belt and reached depths of only 200m, suggesting significant exploration potential remains.
Signature Resources (SGGTF) has announced significant drilling results from its 2024 program at the Lingman Lake Gold deposit. The company reported notable results from two drill holes east of the diabase dyke, with DDH LM 24-07 yielding 2.43 g/t gold over 47 metres, including 19 metres averaging 4.7 g/t gold. This confirms successful AI modeling implementation in target identification.
The drilling program has expanded knowledge of near-surface mineralization, supporting a potential starter pit concept. The company has identified multiple mineralization zones, including the North, South, Central, and 11650 Zones. Results from six additional drill holes west of the diabase dyke are pending, and the company remains on track to generate an initial NI 43-101 resource by spring 2024.
Signature Resources (SGGTF) has announced significant results from its 2024 drill program at the Lingman Lake gold deposit. The company reported notable findings from drill holes LM 24-04, LM 24-05, and LM 24-06, with LM 24-06 yielding 1.14 g/t gold over 54 metres, including three high-grade sections of 9.97 g/t, 7.16 g/t, and 17.69 g/t Au over one-meter intervals.
The company has completed its planned 14-hole diamond drilling program totaling 4,650 metres and expects to deliver its initial NI 43-101 resource in early Spring 2025. All necessary field work and verification have been completed by independent geologists. The program has revealed a larger halo of near-surface mineralization that was previously untested.
Additionally, Signature has secured a C$200,000 interest-free loan from a related party, maturing on April 30, 2025, to support ongoing operations while awaiting remaining assay results.
Signature Resources has provided an update on its 2024 drill program and assay results from the first three diamond drill holes at the Lingman Lake Project. Key highlights include intersections of 1.84 g/t Au over 12 metres in LM 24-02 and 1.23 g/t Au over 28 metres in LM 24-03. The company has completed 12 of 14 planned holes, with the remaining holes expected to be finished in early November. The program, totaling approximately 4,650 metres, aims to improve understanding of the Lingman Lake gold deposit and fill data gaps. Signature remains on track to deliver its initial NI 43-101 resource in early Spring 2025.
Signature Resources (TSXV: SGU) (OTCQB: SGGTF) has announced the results of its 2024 Annual General & Special Meeting of Shareholders. All proposed matters were approved with strong support, including the election of six directors, fixing the board size at six, reappointing McGovern Hurley LLP as auditors, and reapproving the Incentive Stock Option Plan. The company also engaged Renmark Financial Communications Inc. for investor relations activities, starting September 1st, 2024, for an initial seven-month period at a monthly fee of up to $9,000 CAD. J. Dan Denbow, President, CEO, and Director, expressed confidence in Renmark's ability to enhance Signature's profile in the financial community.
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