Signature Resources holders approve AGM resolutions

Executive Summary

• Signature Resources Ltd. announced the results of its 2025 Annual General & Special Meeting of Shareholders, where all matters, including director elections and the reappointment of auditors, were approved.
• The company provided a significant update on its winter diamond drill program at the Lingman Lake gold deposit, increasing the program scope to 8 holes totaling approximately 3,900 meters following an oversubscribed equity offering.
• Drilling is currently underway with approximately 1,312 meters completed; results are pending for several holes targeting depth extensions and lateral westward expansion of the mineralization.

Key Details

• Shareholder Meeting Results:
  • All six management-nominated directors were elected.
  • Board size fixed at six members.
  • McGovern Hurley LLP reappointed as auditor.
  • Company’s incentive stock option plan reapproved.
• Drilling Program Update:
  • Original plan: 3,000 meters.
  • Updated plan: 8 planned diamond drill holes (DDH) for a total of approximately 3,900 meters.
  • Progress: Approximately 1,312 meters completed as of the release date.
  • Schedule: Camp closing end of the second week of December for holiday break; field activities to recommence early in the new year.
  • Technical Basis: Updated modeling incorporates prior 3-D alpha IP and mag survey data showing high correlation between mineralization and areas of high chargeability/low resistivity.
• Hole-Specific Status and Targets:
  • LM25-01: Re-entry/extension of LM24-05. Extended 240m to total depth of 600m. Samples delivered to lab; results pending.
  • LM25-02: Completed to 530m. Targeted south-to-north extension of mineralization. Leopard rock package (footwall) found within ~5m of model. Samples delivered; results pending.
  • LM25-03: Targeting convergence of north and central zones. 90% complete. Anticipated sample delivery before holiday break.
  • LM25-04: Collared ~100m south of LM25-02. Planned depth 675m. Completion anticipated after holiday break.
  • LM25-05: Targeting south zone depth extension and north zone extension. Planned depth 500m. Aims to avoid diabase dike.
  • LM25-06: Targeting northern edge of low-resistivity anomaly, 290m west of 2024 holes. Planned depth 350m. Currently drilling.
  • LM25-07: Testing heart of anomaly below DDH-5. Planned depth 500m. Currently drilling.
  • LM25-08: Collared 300m farther west. Planned depth 500m. Will test heart of anomaly and extend mineralization laterally to the west.
• Historical Context (Previous Results Referenced):
  • LM24-06: 54m @ 1.14 g/t Au (including 1m @ 9.97 g/t, 7.16 g/t, 17.69 g/t).
  • LM24-07: North zone 47m @ 2.43 g/t; Central zone 19m @ 4.71 g/t.
  • LM24-09: South zone 51m @ 1.81 g/t (including 4m @ 4.4 g/t, 6m @ 5.34 g/t).
  • LM24-10: 34m @ 1.8 g/t (including 6m @ 7.7 g/t).
• Company Profile:
  • Focus: Expanding 100%-owned Lingman Lake gold deposit in Red Lake district, Ontario.
  • Resource Estimate (May 31, 2025): 2,145,000 tonnes indicated @ 1.38 g/t Au (95,200 oz); 18,398,000 tonnes inferred @ 1.14 g/t Au (674,320 oz).
  • Infrastructure: New 115-kV transmission line energized within 40 km in Nov 2023.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.