Signature Resources (TSE:SGU) has released an update.
Signature Resources Ltd. has launched a private placement offering to raise up to C$1,000,000 for its 2024 drilling program and general corporate expenses, with a significant portion of the funding expected from its own board and management. The company has initiated its 2024 field program, preparing for a mid-June start of drilling aimed at enhancing the understanding of the Lingman Lake Project, targeting a maiden NI 43-101 report by spring 2025. The Lingman Lake property boasts a historical gold mine with substantial drilling and sample results, and is situated near a newly energized power line.
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