Signature Resources Announces More Drill Results from Winter Drill Program, Extends Depth of North Gold Zone 249 Meters
Signature Resources (SGU.V) after markets closed on Monday announced the results for the diamond drillhole (DDH) LM 25-03 which was part of its winter drill program east of the diabase dyke that was designed to test the depth extensions of the Lingman Lake deposit.The company said that drilling encountered down dip extensions of all three zones known (South, Central and North) supporting the geologic model."The South Zone was the narrowest intercept of 4 m starting at drilling depth of 298 m through 302 m with an average grade of 0.36 g/t Au including 1 m intercept of 1.11 g/t Au," said the company. "The Central Zone was the widest intercept of 34 m averaging 0.33 g/t Au including a 1 m intercept grading 7.37 g/t Au. The North Zone was intercepted at 498 m and continues for 22 m and had an average grade of 0.57 g/t Au. Within the North Zone there is a 5 m section with an average grade of 2.21 g/t Au."The company added that LM 25-03 has "successfully" extended the depth of the North Zone by 249 meters.The company further said that it has completed drilling six DDH's and is 47% complete on the seventh DDH. To date 3,246 m's of drilling have been completed, it added.Signature further added that samples for DDH LM 25-04 and LM 25-05 have been prepared and delivered to SGS Burnaby and are pending assay results and said that it would expect to have those results in the next 30 days. The remainder of the drill program will be completed shortly and all the remaining core processed and samples shipped for assaying to the SGS Burnaby lab, added the company.