Signature Resources Ltd.: Announces 3D Mineralized Shell Model for Lingman Lake
16.12.2015 | Marketwire
VANCOUVER, Dec. 16, 2015 - Signature Resources Ltd. (TSX VENTURE:SGU) (the "Company") announces the posting of a 3D mineral shell model for its Lingman Lake gold property. The model was created by independent consulting firm Caracle Creek International Inc. and is based on archived historical data that has been collated into a digital data base.The model highlights the stacked, "pancake" geometry of the gold mineralized zones identified as: North Zone, Central Zone, South Zone and 11640 Zone. The North, Central and South Zones are further subdivided into subparallel subzones as North Zone A&B, Central Zone A&B, and South Zone A&B. A significant component of this model is an intrusive complex of feldspar-quartz porphyry interpreted to be genetically associated with gold distribution of the deposit, acting as the thermal and chemical catalyst for gold concentration in veins and larger silicification zones within the porphyry and enclosing volcanic rocks.
Rotation of the model illustrates the open ended extent of the gold mineralized zones along strike and down dip. Features that will provide target delineation for resource expansion.
"We are pleased that the model is demonstrating the integrity and validity of the historic data base which bodes exceptionally well for using this data base in establishing a compliant inferred resource," commented Mr. Walter Hanych, President and CEO of the Company.
The model is available for viewing on the company website at: www.signatureresources.ca on the 'Project' page. Follow the instructions to download the 3D model for viewing with Acrobat Reader.
About the Company
Signature Resources Ltd. is an exploration company, publicly traded on the TSX Venture Exchange (TSX-V) under the symbol SGU, focused on the exploration and development of its Lingman Lake Property, located in Northwestern Ontario. The property is at a preliminary stage and hosts a historic gold estimate which is to be evaluated to potentially bring the historic estimate to current compliant resource reporting.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.
ON BEHALF OF THE BOARD OF DIRECTORS OF SIGNATURE RESOURCES LTD.
Walter Hanych
Chief Executive Officer
Contact:
Signature Resources Ltd.
Walter Hanych, Chief Executive Officer
(705) 445-0184
www.signatureresources.ca