Corporate Presentation
Historic Lingman Lake HIGH GRADE Gold Mine; Now Under Development
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January 2019
High Grade Gold Exploration in Canada
Signature Resources Ltd.
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Signature Resources Ltd. TSXV - SGU OTCQB - SGGTF Corporate - - PowerPoint PPT Presentation
Signature Resources Ltd. TSXV - SGU OTCQB - SGGTF Corporate Presentation Historic Lingman Lake HIGH GRADE Gold Mine; Now Under Development January 2019 2019 1 High Grade Gold Exploration in Canada Signature Resources Ltd. OPPORTUNITY TSXV
Historic Lingman Lake HIGH GRADE Gold Mine; Now Under Development
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High Grade Gold Exploration in Canada
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Recently consolidated lands encompassing original mine site with historical estimate of 234,648
a. Exploration targets remain open on strike, width and depth b. Bulk samples and composite samples demonstrated much higher grade potential1 (10-19 g/t vs 6.86 g/t gold in the resource) c. Deep drill hole (1970s) intersection at 240 m vertical returned 1.5 m of 325 g/t gold d. Goal to double the resource in Q1-19; potential exists for higher grades as indicated by bulk samples and recent drilling results. Q1-19 to Q4-20 continue with drill program to build further ounces. e. 22 km of favourable contact for exploration. March 2018, completed high resolution magnetic and matrix VLF surveys. Preliminary interpretation of structure reveals two separate horizons with significant priority A targets across full length of Greenstone belt. Interpretation continues on these target areas.
The replacement cost of the existing infrastructure (shaft, underground workings and historic drilling) compares well with the market capitalization. Approximately ~$60 million2 in value versus the current market cap.
High grade under drilled property with multiple vein layered system suggests low cost resource expansion (multiple intercepts per drill hole)
1 historical U/G bulk sample (three x 227 kg) averaged 17.3 g/t gold; while the composite sample averaged 19.0 g/t gold 2 management estimate
* Cautionary Note. The quantity reported as ‘historical’ estimate is historic in nature: A qualified person has not done sufficient work to classify the historical estimate as a current resource estimate. The issuer is not treating the historical estimate as a current resource estimate.
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*388,000 warrants have an exercise price of $0.10; 181,481 warrants have an exercise price of $0.135; 5,825,000 warrants have an exercise price of $0.15; 9,600,983 warrants have an exercise price of $0.25; Above figures in CAD $
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Source QUOTEMEDIA.COM
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94% correlation to historical grades
format
access
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* Cautionary Note. The quantity reported as ‘historical’ estimate is historic in nature: A qualified person has not done sufficient work to classify the historical estimate as a current resource estimate. The issuer is not treating the historical estimate as a current resource estimate.
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* NSR is with vendor who sold property to Signature - can purchase back 1.5% of the NSR for $1.5 million
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Lingman Lake patents and 14 Lingside patents)*
* NSR is with vendor who sold property to Signature - can purchase back 1.5% of the NSR for $1.5 million
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1940s Gold discovery, maiden resource, 127 m shaft sunk servicing 3 levels, retained 250 tpd mill transported to site, forced abandonment due to lack of financing for the precious metals sector 1970s Further drilling, feasibility study with capital cost estimate of $2.2M, failed to achieve financing 1980s Further drilling (25,000 m) and technical studies, contemplated 300-, 500-, and 750-tpd operations 1990 Equipment mobilized for mine construction, operator forced into bankruptcy. 1991-2012 Fragmented ownership limits exploration of deposit as a consolidated package. 2013-2016 Signature Resources acquires and consolidates properties. 2016 Raised financing ($1 million +), re-logged archived cores, confirmed historical drill results and high grade gold is the baseline for this property 2017 Signature increased its land holdings in the Lingman Lake greenstone belt to 21,420 ha. Covering favourable geology and known gold occurrences Closed on $757,000 of financing. 2018 Signature completes airborne survey with magnetic and VLF-EM components. Preliminary interpretation reveals gold mineralized zone at Lingman Lake is characterized by response in both
km trend. Completes 1500 meter drill program. Drill intercepts demonstrate wider zones and higher
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WEST ZONE
Drill hole 18-01 returned 9.50 meters with an average grade of 12.15 grams per tonne gold (from 35.5 to 45.0 meters). True width is estimated at ~8.23 meters. Drill hole 18-02 returned 5.0 meters with an average grade of 13.65 grams per tonne (from 100.0 to 105.0 meters). True width is estimated at ~4.33 meters. NOTE: Drill hole 18-01 is a twin of an historical diamond drill hole, 89-15, being collared 2 meters east of 89-15 which had returned 10.70 grams along a 9.54 meter drill intercept. NOTE: Drill hole 18-02 was collared 48 meters east of 18-01 in the vicinity of historical drill hole 45-49 which yielded 8.2 grams of gold per tonne along a 4.18 meter drill intercept.
NORTH ZONE
Drill hole 18-05 returned 8.0 meters with an average grade of 17.87 grams of gold per tonne (from 95.0 to 103.0 meters). True width is estimated at ~6.9 meters. Drill hole 18-03 returned 4.0 meters with an average grade of 6.84 grams of gold per tonne (from 82.0 to 86.0 meters). True width is estimated at ~3.5 meters.
SOUTH ZONE CENTRAL ZONE
Drill hole 18-09, South Zone; returned 3.0 meters with an average grade of 12.20 grams per tonne gold (from 55.0 to 58.0 meters). True width is estimated at ~2.3 meters. Drill hole 18-09, Central Zone “A”; returned 9.0 meters with an average grade of 6.55 grams per tonne gold (from 65.0 to 74.0 meters). True width estimated at ⁓ 6.9 meters. Drill Hole 18-09, Central Zone “B”; returned 4.0 meters with an average grade of 4.27 grams per tonne gold (from 81.0 to 85.0 meters). True width estimated at ⁓ 3.1 meters. Drill hole 18-10, South Zone; returned 14.0 meters with an average grade of 8.56 grams per tonne (from 22.0 to 36.0 meters). True width is estimated at ~10.7 meters. (Includes 5.0 meters with an average grade of 16.61 grams per tonne from 30.0 to 35.0 meters with a true width of 3.8 meters). Hole collared in vicinity of 45-01 which returned 3.9 meters
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DDH Zone Northing Easting Azimuth Dip From meters To meters Length meters Au g/t 35.50 36.00 0.50 2.98 36.00 36.50 0.50 18.55 36.50 37.00 0.50 0.41 37.00 37.50 0.50 1.17 37.50 38.00 0.50 13.13 38.00 39.32 1.32 10.49 39.32 40.00 0.68 15.12 40.00 40.50 0.50 5.12 40.50 41.00 0.50 39.09 41.00 41.50 0.50 26.16 41.50 42.00 0.50 27.22 42.00 42.50 0.50 13.98 42.50 43.00 0.50 0.27 43.00 43.50 0.50 0.79 43.50 44.00 0.50 10.59 44.00 44.50 0.50 10.05 44.50 45.00 0.50 13.30 35.50 45.00 9.50 12.15 100.00 100.50 0.50 7.81 100.50 101.00 0.50 36.89 101.00 101.50 0.50 1.15 101.50 102.00 0.50 0.12 102.00 102.50 0.50 1.58 102.50 103.00 0.50 7.20 103.00 103.50 0.50 47.25 103.50 104.00 0.50 23.18 104.00 104.50 0.50 11.28 104.50 105.00 0.50 0.03 100.00 105.00 5.00 13.65 West zone strikes east-west, dip 75-degrees south. 18-02 WEST 506892 5968808 360
2018 DIAMOND DRILL HIGHLIGHTS 18-01 WEST 506844 5968875 360
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DDH Zone Northing Easting Azimuth Dip From meters To meters Length meters Au g/t 82.00 83.00 1.00 4.00 83.00 84.00 1.00 6.94 84.00 85.00 1.00 15.63 85.00 86.00 1.00 0.79 82.00 86.00 4.00 6.84 45.00 46.00 1.00 2.62 46.00 47.00 1.00 1.59 47.00 48.00 1.00 0.64 48.00 49.00 1.00 4.37 49.00 50.00 1.00 4.13 50.00 51.00 1.00 0.65 45.00 51.00 6.00 2.33 95.00 96.00 1.00 3.15 96.00 97.00 1.00 3.52 97.00 98.00 1.00 15.67 98.00 99.00 1.00 2.81 99.00 100.00 1.00 12.99 100.00 101.00 1.00 44.71 101.00 102.00 1.00 58.08 102.00 103.00 1.00 2.06 95.00 103.00 8.00 17.87 North zone strikes east-west, dip 75-degrees to the south. 18-05 NORTH 507320 5968750 360
18-04 NORTH 507260 5968729 360
2018 DIAMOND DRILL HIGHLIGHTS 18-03 NORTH 507236 5968772 360
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DDH Zone Northing Easting Azimuth Dip From meters To meters Length meters Au g/t 55.00 56.00 1.00 0.15 56.00 57.00 1.00 11.11 57.00 58.00 1.00 25.34 55.00 58.00 3.00 12.20 65.50 66.00 0.50 0.07 66.00 67.00 1.00 17.93 67.00 68.00 1.00 8.20 68.00 69.00 1.00 3.59 69.00 70.00 1.00 0.12 70.00 71.00 1.00 0.15 71.00 72.00 1.00 25.13 72.00 73.00 1.00 5.51 73.00 74.00 1.00 3.45 65.50 74.00 9.00 6.55 81.00 82.00 1.00 0.15 82.00 83.00 1.00 15.50 83.00 84.00 1.00 0.89 84.00 85.00 1.00 0.55 81.00 85.00 4.00 4.27 22.00 23.00 1.00 4.15 23.00 24.00 1.00 12.21 24.00 25.00 1.00 0.01 25.00 26.00 1.00 0.13 26.00 27.00 1.00 4.94 27.00 28.00 1.00 1.18 28.00 29.00 1.00 7.03 29.00 30.00 1.00 6.48 30.00 31.00 1.00 11.86 31.00 32.00 1.00 37.27 32.00 33.00 1.00 0.25 33.00 34.00 1.00 10.25 34.00 35.00 1.00 23.42 35.00 36.00 1.00 0.73 22.00 36.00 14.00 8.56 South and Central zones strike east-west, dip 85-degrees south. 18-10 SOUTH 507170 5968667 360
2018 DIAMOND DRILL HIGHLIGHTS 18-09 SOUTH 507192 5968650 360
CENTRAL A CENTRAL B
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strike and 230 m width
52 multi-elements
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Sample
Sample No.2 Sample No.3 Sample No.4 Location 150L 1100E drift Length = 9.5 m Width = 1.6 m 150L 1100W drift Length = 16.2 m Width = 2.3 m 275L 2100E drift Length = 9.5 m Width = 1.0 m Comp of 1,2, 3 Sample weight (lb) Sample weight (kg) 500 226.8 500 226.8 500 226.8 500 226.8 Gold (opt) Gold (g/t) 0.545 18.7 0.645 22.1 0.277 9.5 0.555 19.0 Silver (opt) Silver (g/t) 0.65 22.3 0.64 21.9 0.455 15.6 0.78 26.7 Face Assays (opt) Face Assays (g/t) 0.44 15.1 0.54 18.5 0.28 9.6
* Bulk sample results and testing performed by Department of Mines and Resources, Bureau of Mines, Ottawa Branch, April 11, 1948
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1 management estimate
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Secured $1,300,000 CAD to undertake phase-1 which and completed 1,500 meters of diamond drilling. Site preparation and camp infrastructure, geological support, equipment mob, assembly, project servicing and field and corporate logistics including general and administration. Additional camp infrastructure and equipment to service future winter drill program. June/July Mobilisation and camp established at mine site. August 15 to September 30 Diamond drilling and core processing up to 1,500 meters. September 30 Complete funding. NOTE Future programs will require additional funding and budgets will be tailored accordingly.
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The materials contained herein are for informational purposes only. This is not considered an offer or solicitation to sell securities in any company in any manner. Except for the statements of historical fact contained herein, the information presented constitutes “forward- looking statements” within the meaning of the Securities Act (Ontario). Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different any future results, performance or achievements expressed or implied by such forward looking statements. There may be factors that involve risk and uncertainty that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on forward-looking statements.
To the investor. The technical information reported herein is in part historic in nature and was disclosed and recorded prior to the implementation of National Instrument 43-101 Rules and Policies, defining disclosure of scientific and technical information. The information has been verified and scrutinized to the extent that can be determined through a review and compilation of archival records, whether obtained from the public domain or from private sources. The technical information has been deemed to have been acquired, recorded and analyzed to acceptable industry standards at the time it was acquired. There is no reason to doubt the veracity
contained in this presentation has been reviewed by Walter Hanych P.Geo, the Company’s CEO and President and a Qualified Person as defined in National Instrument 43-101. The Company refers to a historical resource estimate of 234,648 ounces. This historical estimate is based on prior data and reports
sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101-compliant mineral resource estimate. Accordingly, this historical estimate should not be relied upon. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, “Technical Report on the Lingman Lake Property” dated December 20, 2013, prepared by Walter Hanych, P.Geo., and Frank Racicot, P.Geo., available on the Company’s SEDAR profile at www.sedar.com
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Mine shaft (at left center of photo) and tramway to rock stockpiles, Twin Gold Mines, Lingman Lake, Ontario. Photo by Wilson, from Ontario Geological Survey Report 244; Geology of the Lingman Lake Area, 1987.
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(GRADE THICKNESS)
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87-14 243.7 262.8 19.1 74.3 80.1 5.8 3.41 0.10 35.5 46.7 11.2 10.8 14.2 3.4 7.55 0.22 450.8 471.8 21.0 137.4 143.8 6.4 2.77 0.08 30.7 35.0 4.3 9.4 10.7 1.3 19.92 0.58 162.0 183.5 21.5 49.4 55.9 6.6 4.44 0.13 87-25 162.0 178.5 16.5 49.4 54.4 5.0 8.38 0.24 87-34 157.0 168.0 11.0 47.9 51.2 3.4 10.46 0.31 87-38 140.0 150.0 10.0 42.7 45.7 3.0 4.10 0.12 17.7 21.6 3.9 5.4 6.6 1.2 11.85 0.35 287.0 291.0 4.0 87.5 88.7 1.2 4.31 0.13 553.6 558.8 5.2 168.7 170.3 1.6 92.51 2.70 21.5 31.3 9.8 6.6 9.5 3.0 10.98 0.32 238.0 250.0 12.0 72.5 76.2 3.7 2.78 0.08 185.0 202.3 17.3 56.4 61.7 5.3 3.28 0.10 87-63 238.8 247.0 8.2 72.8 75.3 2.5 11.01 0.32 87-68 310.0 320.6 10.6 94.5 97.7 3.2 5.08 0.15 87-73 229.0 259.0 30.0 69.8 78.9 9.1 13.98 0.41 88-06 546.0 556.0 10.0 166.4 169.5 3.0 6.86 0.20 88-15 157.0 200.7 43.7 47.9 61.2 13.3 2.93 0.09 88-29 120.0 131.0 11.0 36.6 39.9 3.4 3.85 0.11 88-48 277.0 289.0 12.0 84.4 88.1 3.7 2.63 0.08 48.0 54.0 6.0 14.6 16.5 1.8 3.87 0.11 149.3 164.0 14.7 45.5 50.0 4.5 12.04 0.35 250.1 278.0 27.9 76.2 84.7 8.5 2.36 0.07 88-55 487.3 519.4 32.1 148.5 158.3 9.8 2.72 0.08 495.5 505.0 9.5 151.0 153.9 2.9 8.57 0.25 514.1 520.0 5.9 156.7 158.5 1.8 3.54 0.10 87-15 88-56 88-49 87-55 87-54 87-24
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Source: Annual reports to shareholders, Lingman Lake Gold Mines Limited, by M. Smerchanski, 1946-1948 and Composite assay plan of undergound levels, 1948..
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Raise 2102 Vertical distance Gold grade of average of face samples assays Weighted average
raise samples over 30.5m vertical 275L to 16.8m above 16.8m 33.9 28.51 16.8m above to 150L 13.7m 21.9 ZONE LEVEL Drift SECTION DESCRIPTIONS LENGTH WIDTH GRADE meters meters gpt NORTH 150 1101E "A"East Portion (North zone B) east of x-cut 45.70 1.31 11.31 NORTH 150 1101W "B" West Portion (North zone B) west of x-cut 41.20 1.74 15.43 NORTH 275 2101E "A" East portion (North Zone B) depth extension of "A" from 150L 16.70 1.83 41.83 NORTH 275 2101E "A East portion (North Zone B) depth extension of "A" from 150L east of above 19.81 1.52 15.77 NORTH 275 2101W "B" West Portion (North zone B) west of main x-cut 22.86 1.37 13.37 NORTH 400 4100E "A" East portion (North Zone B) 84m east of main x-cut 50.90 1.56 51.43 CENTRAL 275 2100E footwall (Central zone B) east of main x-cut 81.60 0.73 10.97 CENTRAL 275 2100E hangingwall (Central zone A) east of main x-cut 30.50 1.25 11.31 CENTRAL 400 4100 E and W footwall (Central zone B) south of shaft, east-west of main cross cut 36.60 1.00 13.03 CENTRAL 400 4100W hangingwall (Central zone A) west of main x-cut 39.01 1.71 12.00 SOUTH 275 2099 footwall (South zone B) west of main x-cut 20.30 8.70 13.02
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DIGITAL ELEVATION MODEL ILLLUSTRATING TARGET LOCATIONS ARE LAND BASED
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company experience as a director, officer and technical advisor. Scott is currently Co-Founder, Chairman and CEO of Caracle Creek International Consulting. He has expertise in project evaluation and in leading multi-million dollar projects from generative stage through advanced exploration and into development. Dr. Jobin-Bevans is an advisor and member of the board of directors for a number of public and private companies and held the volunteer position
Kapodistrian University of Athens, Greece, a mineral exploration consultant to Hellenic Mines SA (porphyry Cu-Μο- Au, epithermal Au-Ag-Sb and ophiolitic chromitite) and a geopark development consultant to City and Region Planning PC. Dimitri holds an MSc in ore deposits from Laurentian University, Sudbury, and a PhD in igneous geochemistry from the University of Newcastle-upon-Tyne, UK. At Newcastle, he earned his degree working under the supervision of two leading authorities on volcanic geochemistry and Cyprus-type VMS deposits at the time, Professors Julian Pearce and Joe Cann respectively. Prof. Kostopoulos has over 25 years in mineral exploration in SE Europe and NE Africa, has been a Shell UK Research Fellow at the University of Durham, UK, an Overseas Visiting Scholar at the University of Cambridge, UK, and the Project Generation Leader for Eldorado Gold in Greece. Dimitri has been senior scientist in several EU-funded projects, as well as invited researcher, speaker and project evaluator by renowned institutions in Germany, Switzerland, France and the UK.
University of Toronto and is a registered Professional Engineer in the Province of Ontario. Mr. Lostritto currently serves at both a director of Savary Gold Corp (West African gold exploration company) and a consultant to Red Cloud Klondike Strike Inc. (a ‘new concept’ capital markets advisory firm dedicated solely to the mining sector).
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University, Sudbury, Ontario) and has 33-years of experience in varied geological environments throughout Canada and
mine exploration and resource development/feasibility and has been involved with various public and private resource companies with finance and corporate structure. Mr. Hanych is a registered P.Geo. in Ontario and Saskatchewan, and is a member of the Prospectors and Developers Association of Canada and Society of Economic Geologists. Since 1993 Mr. Hanych has provided his services as a geological consultant.
experience with both private and public companies. Mr. Held has worked with a number of domestic and international- resource-based businesses, including those in South America, Eastern Europe and Africa. Mr. Held has been involved in numerous successful public market transactions, including initial public offerings, reverse takeovers and financings. Mr. Held holds a bachelor of mathematics and master of accounting from the University of Waterloo.
real estate development firm that concentrated on residential developments in Calgary but also included the acquisition of the Calgary Olympic Village site. Since 2001, Mr. McDowell has financed numerous junior exploration companies and holds interests in many exploration properties. Mr. McDowell brings to the board a strong business acumen and over 35 years of negotiating experience.
and finance. In his career with IBM, Mr. Timms has participated in numerous executive, management and leadership development courses developing his analytical skill as an innovative problem solver. He is an experienced investor in the junior mining sector. Mr. Timms holds a 4-year Bachelor of Commerce degree from the University of Toronto. 31
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