Eight New Regional Gold Exploration Targets From Completed Airborne Survey

TORONTO - Signature Resources Ltd. announced the geophysical interpretation of the recently completed airborne VLF magnetic survey. Work done to date from the 2021 survey produced eight new gold exploration targets of high-interest which results in a total of 15 regional exploration targets. Highlights are: 1) 15 total regional exploration targets of high interest identified. 2) Merged magnetic surveys of 2018 and 2021 supports more complete contextual regional targeting. 3) Magnetic data from the completed survey work reveals that the Lingman Greenstone belts has undergone several periods of folding and faulting producing favorable environments for gold deposition now including Sedimentary basin margins.

Robert Vallis - President, CEO, and Director, said, “Signature's Regional exploration program continues to yield exciting results and furthering the potential for additional gold discoveries within the large land package. The rich geologic structure of the Lingman greenstone belt is revealing several areas of high interest for gold deposition. Target ranking for prioritization is currently underway and will result in selecting our top-three regional explorations targets to begin next-stage ground-based survey work this winter. In parallel, the ongoing 10,000 meter diamond drilling at the Lingman Lake Gold Project designed to expand the known envelope of gold mineralization are expected soon.”