Drill Results
Signature Resources Announces Results of the 2025 Annual General & Special Meeting of Shareholders and Provides Update on Winter Drill Program

SGU · Price
Executive Summary
- Six management‑proposed directors were elected with >99% support at the annual general and special meeting.
- The board was fixed at six members, the auditor reappointed, and the Incentive Stock Option Plan reaffirmed.
- An expanded winter diamond drill program is underway, now targeting eight holes (~3,900 m) to extend known gold mineralization both deeper and laterally; ~1,312 m have been completed to date with results pending.
Key Details
- Director Elections: Paolo Lostritto, Dan Denbow, Stephen Timms, Lisa Davis, John Hayes, Matthew Goodman – each received 38,493,814 votes (99.94%).
- Board Fixing: Shareholders approved fixing the board at six directors (99.94% for).
- Auditor Reappointment: McGovern Hurley LLP reappointed unanimously (100% for).
- Incentive Stock Option Plan: Reapproved with 99.84% support.
- Winter Drill Program Expansion: Originally 3,000 m; now eight planned DDH’s totaling ~3,900 m after oversubscribed equity offering (Oct 30 2025).
- Drilling Progress: ~1,312 m completed as of early December; camp closure scheduled for second week of Dec, with field work resuming early 2026.
- Depth Extension Targets:
- LM25‑01: Re‑entry/extension to 600 m depth (240 m extension); samples in lab, results pending.
- LM25‑02: Completed 530 m; “leopard rock” footwall intersected within 5 m of model; assay results pending.
- LM25‑04: Planned 675 m depth; to intercept mineralization ~300 m below known zones, drilling after holiday break.
- LM25‑03: 90% complete (600 m target); samples expected before holiday break.
- Lateral Extension Targets:
- LM25‑05: 500 m depth, SW‑NE orientation; tests South Zone width (~50 m) and North Zone extension.
- LM25‑06 & LM25‑07: 350 m and 500 m depths respectively; target low‑resistivity anomaly west of 2024 holes.
- LM25‑08: Planned 500 m depth, 300 m further west; aims to demonstrate mineralization continuation 600 m beyond the conceptual pit.
- Geophysical Context: Drill targets aligned with high chargeability/low resistivity anomalies identified in 3D Alpha IP and magnetic surveys (depths 125‑225 m, extending to 500 m).
- Qualified Person Review: Technical content reviewed and approved by Walter Hanych, P. Geo., Qualified Person under NI 43‑101.
Notable Quotes
(No direct CEO/President quotes were included in the release.)
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Jul 15, 2026 · 08:01