Signature Resources Ltd - High Grade Gold Resource Growth In Canada Spring 2021
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Signature Resources Ltd.
High Grade Gold Resource Growth In Canada
Spring 2021
1
FORWARD LOOKING STATEMENTS 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 of this information, however, confirmation of grades and mineralized extent has not been performed. The technical information 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 obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done 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 January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company’s SEDAR profile at www.sedar.com TSXV: SGU OTCQB: SGGTF FSE: 3S3
Executive Summary
High Grade Brownfield Solid Base to Start Expansion Drilling Has
Development Started
100% owned Lingman Lake gold Historical resource of over 234,000 Company owned diamond drill
project covers 12,148 hectares oz averaging 6.87 g/t Au; (recent rig.
(30,018 acres) with over 30 drilling indicates higher grade
kilometres of strike length in potential). Phase 1 drilling: 13-holes (~2,500
Ontario, Canada. m) targeting deposit expansion
A vertical underground raise with results expected in April
Shaft and three levels built along
averaged 28 g/t Au over the 30 m. 2021.
with 250 tpd mill in 1940s.
Over 28,000 metres of historical Airborne survey and geophysics Phase 2 drilling in the summer
drilling with confirmatory work highlighted by numerous sizable with regional geophysics and
done in 2018. targets that need to be tested with geochemistry.
the drill bit.
Goal is to publish a maiden NI
43-101 resource in 18-months.
TSXV: SGU 3
OTCQB: SGGTF
FSE: 3S3
North American High-Grade Trades at a Premium
Higher-Grade Assets in North America Trade @ EV/oz Au of ~C$94/oz
Company Share Price Market Cap EV M&I + Inf M&I + Inf Project Stage EV/oz
(000 oz
(C$) (C$M) (C$M) (g/t Au) (C$/oz)
Au)
Signature Resources Ltd. $0.20 $39 $35 NA NA Resource Definition NA
1911 Gold Corporation $0.52 $24 $15 1,668.9 5.6 Resource Definition $9.1
Arizona Gold Corp. $0.14 $47 $52 421.8 7.3 Production Re-Start $123.7
Bonterra Resources Inc. $1.20 $109 $105 2,562.0 6.1 Production Re-Start $40.9
Getchell Gold Corp. $0.53 $39 $37 1,069.0 6.3 Resource Definition $34.8
Great Bear Resources Ltd. $16.89 $963 $916 118.1 3.4 Resource Definition $7,753.7
Harte Gold Corp. $0.15 $128 $223 1,637.0 10.9 Production Ramp Up $136.5
Maritime Resources Corp. $0.13 $41 $32 987.2 5.0 Resource Definition $32.2
Minnova Corp. $0.31 $13 $13 644.0 5.1 Production Re-Start $20.6
Osisko Mining Inc. $3.08 $1,102 $848 7,219.6 7.7 PEA $117.5
Pure Gold Mining Inc. $1.86 $739 $735 2,530.0 8.7 Production Ramp Up $290.3
Radisson Mining Resources Inc. $0.32 $78 $72 685.0 3.7 Resource Definition $104.4
Red Pine Exploration Inc. $0.73 $35 $35 472.3 5.4 Resource Definition $74.1
Wesdome Gold Mines Ltd. $8.31 $1,159 $1,107 8,280.2 1.5 Production $133.7
Average (excluding Great Bear and acquired companies) $93.1
Integra Gold Corp. (acquired) $545 2,400.0 11.0 PEA $227.0
Battle North Gold (acquired) $343 $296 1,368.4 6.2 Production Re-Start $216.3
Claude Resources (acquired) $330 1,200.0 7.8 Production $275.2
Richmont Mines (acquired) $1,001 1,800.0 9.6 Production $556.1
Barkerville Resources (acquired) $303 4,200.0 5.3 PEA $72.1
Acquisition Average $269.3
Source: S&P Capital IQ
March 17, 2021
TSXV: SGU 4
OTCQB: SGGTF Source: S&P Capital IQ
FSE: 3S3
Relative Performance With Management Additions
New Team Helping to Provide Activation Energy
370% 370%
Peer Group 26.5%
PHLX Gold/Silver Sector Index 2.8%
320% Gold -8.0% 320%
Signature Resources Ltd. 200.0%
270% 270%
220% 220%
170% 170%
120% 120%
70% 70%
12 Feb 21
19 Feb 21
26 Feb 21
4 Dec 20
15 Jan 21
22 Jan 21
29 Jan 21
5 Mar 21
6 Nov 20
11 Dec 20
18 Dec 20
25 Dec 20
13 Nov 20
20 Nov 20
27 Nov 20
30 Oct 20
5 Feb 21
12 Mar 21
1 Jan 21
8 Jan 21
TSXV: SGU 5
OTCQB: SGGTF
FSE: 3S3
High-Grade Highlights
Exceptional Grades in Historic Drilling, Bulk Sampling and Vertical Raise
2018 DRILLING ZONE WIDTH AND • Historical results were generated within an
HIGHLIGHTS OVERALL GRADE area of 700 metres length x 300 metres wide
x 180 metres deep and open.
Hole 18-01 West Zone 9.5 metres @ 12.15 g/t Au
• A deep test hole below the main deposit
Hole 18-02 West Zone 5.0 metres @ 13.65 g/t Au intersected a 1.5-metre section of 325 g/t at
vertical 240 metres.
Hole 18-05 North
8.0 metres @ 17.87 g/t Au
Zone • 1940’s underground bulk sampling of three,
Hole 18-03 North
500 lb (227 kg) samples returned grades of
Zone
4.0 metres @ 6.84 g/t Au 18.7 g/t, 22.1 g/t and 9.5 g/t of gold,
respectively.
Hole 18-09 Central
9.0 metres @ 6.55 g/t Au
Zone “A” • A fourth, 500 lb bulk sample composite,
Hole 18-09 Central comprised of muck from all three zones
4.0 metres @ 4.27 g/t Au averaged 19.0 g/t gold.
Zone “B”
Hole 18-09 South
3.0 metres @ 12.20 g/t Au • A vertical raise from the 275’ level to the
Zone
150’ level returns an average grade of 28 g/t
Hole 18-10 South
14.0 metres @ 8.56 g/t Au
over the full 100 ft (30 m).
Zone
Colours above correspond with the Vrify zone colour code
TSXV: SGU 6
OTCQB: SGGTF
FSE: 3S3
Nearby Depth Comparison & Geology
Mine Depth Au Oz / Vertical m Notes
Monument Bay 500 metres ~7,135 oz/m Shear Hosted Quartz (Mesothermal)
Musselwhite Mine 1,000 metres ~3,360 oz/m Banded Iron Formation
Red Lake ~2,500 metres ~4,390 oz/m Shear Hosted Quartz (Mesothermal)
Pure Gold ~2,400 metres ~1,055 oz/m Shear Hosted Quartz (Mesothermal/Orogenic)
Phoenix Gold/Bateman 976 metres ~1,290 oz/m Various Deposit Types
Lingman Lake Project 180 metres ??? Shear Hosted Quartz (Mesothermal/Orogenic)
Important to highlight that
Lingman Lake’s historic
resource was drilled with
Stock About to Assess Size Potential at Lingman Lake
2021 Drilling to Allow the Market to Enter into the Speculation Phase of our First Project
We
Are
Here
TSXV: SGU 8
Source: Visual Capitalist
OTCQB: SGGTF
FSE: 3S3
Complete Cross-Functional Team Coverage
Company Operations &
Corporate Oversight
•Robert Vallis
•B.O.D / Advisory Board
Geology
Site Development,
•Walter Hanych
Operation & Optimization
•John Hayes
•Robert Vallis •Dr. Scott Jobin-Bevans
•John Leliever •John Leliever
•Walter Hanych •Nordmin
•John Hayes •SGS Lakefield
Capital Markets,
Strategy & Finance Technical/Engineering
•Robert Vallis
•Robert Vallis
•Rickardo Welyhorsky
•Paolo Lostritto
•Nordmin
•John Hayes
•SGS Lakefield
•Dan Denbow
•Jonathan Held
•Vrify Platform
TSXV: SGU 9
OTCQB: SGGTF
FSE: 3S3
Near Monument Bay, Musselwhite and Red Lake TSXV: SGU 10 OTCQB: SGGTF FSE: 3S3
40km
Power & Roads Underway
Provincial Governments have started the
second phase infrastructure construction to Lingman Lake
complete year-round road to Red Sucker Gold Project is
Lake and Sachigo Lake. Power line exists to ~40 km from
Red Sucker Lake and soon to Sachigo Lake. Sachigo Lake First
Nations and ~80
https://www.wataypower.ca/ km from Red
Sucker Lake First
Phase 2 – Proposed Design to Sachigo Lake (Purple) Nations (in
✓ The Project is the construction, operation, maintenance Manitoba)
and retirement of approximately 1,630 km of a 115kV,
44kV, 25kV alternating current transmission system,
located north of Red Lake and Pickle Lake, to connect to
17 remote First Nation communities. Phase 2 includes the
following main components:
✓ Overhead 115kV and 44kV transmission lines for
two subsystems, north of Pickle Lake and Red Lake,
and associated components that will be located
within a 2 km wide corridor. An approximate 40m-
wide transmission line alignment right of way will be
cleared within the 2 km wide corridor. The
transmission line structures and associated
conductors and anchors will be installed within the
approximate 40m wide transmission line alignment
right of way to the extent practical.
✓ Access Roads will be constructed and or improved
to provide access to the transmission line and
approximate 40 m wide alignment right of way
during construction and operation of the facility.
✓ Wherever possible, the new transmission lines and
construction access roads will be constructed
along the paths of existing all-season roads, or the
paths of future all-season roads as identified by the
First Nation Communities.
TSXV: SGU 11
OTCQB: SGGTF
FSE: 3S3Large Land Package Over 30km long covering 85% of the prospective Greenstone Belt 3% NSR’s on original claims with the rest of the ground being royalty free* TSXV: SGU • NSR is with vendor who sold three properties to Signature – 1.5% NSR on each property can purchase back for $1.5 million each 12 OTCQB: SGGTF • Newly staked claims are royalty free FSE: 3S3
Airborne Survey
• Seven High Priority Targets Areas base on Geophysical and Structural Interpretation (>22 km)
• Two Distinct Geophysical Structures Identified over 4.5 km (5 & 6)
• Major Potential Exists for New Discoveries along north contact zone (1-4, 6 & 7)
Target
D
Target
C
Target Target
B A
TSXV: SGU 13
OTCQB: SGGTF
FSE: 3S33D Model With Infrastructure
Open
Open
TSXV: SGU 14
OTCQB: SGGTF
FSE: 3S3Open to Exploration (Strike, Plunge & Depth) TSXV: SGU 15 OTCQB: SGGTF FSE: 3S3
Cross Section – 507305mE • Simplified section highlighting gold bearing zones to quartz feldspar porphyry TSXV: SGU 16 OTCQB: SGGTF FSE: 3S3
Upcoming Catalysts Transformational 2021 Fall 2020 ✓ New board members and management ✓ Securing $3 million in funding to provide activation energy ✓ complete geophysics interpretation ✓ incorporate downhole surveys into model ✓ Complete assays and interpretation of grab samples from recent prospecting program. Early 2021 ✓ Finalize & optimization of camp ✓ Design of Spring Drill Program ✓ ~2,500 m drill program focusing on high-grade west zone (Target 6) Summer 2021 ✓ Continue drilling with focus on expanding resource (Target 6) ✓ Expand regional targeting work (Target 1-5 & 7) ✓ Drill test some regional targets (Target 1-5 & 7) 2022 ✓ Targeting maiden NI 43-101 resource TSXV: SGU 17 OTCQB: SGGTF FSE: 3S3
Capital Structure & Share Price
$0.27 Price Volume Graph with Key Events 1,600
1,400
$0.22
1,200
SHARE PRICE (C$/SHARE)
$0.17 1,000
VOLUME (000)
800
$0.12 600
400
$0.07
200
$0.02 0
March 16,
February
April 16,
August 16,
September
May 16,
December
January 16,
October
November
June 16,
July 16,
16, 2020
16, 2021
2020
16, 2020
16, 2020
16, 2020
2020
2020
2020
2020
2020
2021
As of March 2021
Founders Common shares – 207,384,551
9% Warrants – 75,704,155
Associates
32% Options – 17,100,000
Management Fully-diluted shares – 300,188,706
5%
4,423,045 warrants have an exercise price of C$0.20
71,281,110 warrants have an exercise price of =Management Robert Vallis, P.Eng, MBA, Director, President & CEO, is a mining executive with a wide breadth of business and technical experience across multiple areas including corporate development, strategy and planning, business/transaction development and execution, project and team management, financial evaluations, enterprise continuous improvement and mine Engineering/operations. Mr. Vallis most recently was the SVP Corporate Development with Golden Star Resources. Before this, Mr. Vallis was with Yamana Gold as a Business Development executive for nearly nine years working on transactions such as the C$3.9 Billion joint acquisition of Osisko for 50% of Canada’s largest operating gold mine, and the US$395 Million acquisition of Extorre Gold Mines Ltd. for Cerro Morro(now Yamana’s highest grade operating mine). Prior to Yamana, Mr. Vallis was with Barrick Gold for 15 years in multiple global jurisdictions and roles spanning from global Evaluations & Corporate Development, Capital Projects, Mine Engineering & operations, and global Continuous Improvement. Most notably, Mr. Vallis worked on the successful US$10.4 Billion acquisition of Placer Dome, a transformative deal for Barrick and one of Canada’s largest mining M&A transactions. Mr. Vallis holds a Bachelor of Engineering degree with Dalhousie University in Mine Engineering, a Master of Business Administration degree with the University of Toronto’s Rotman School of Management and is a registered Professional Engineer in the Province of Ontario. Walter Hanych, P.Geo, Director, Chief Geologist, is a graduate geologist (B.Sc. Hon. Geology from Laurentian University, Sudbury, Ontario) and has 33-years of experience in varied geological environments throughout Canada and internationally. He has held positions as chief geologist and project manager on projects ranging from grass-roots to advanced mine exploration and resource development/feasibility and has been involved with various public and private resource companies with finance and corporate structure. One of his major accomplishments was identifying the Cote Lake low grade massive tonnage deposit. 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. Jonathan Held, CPA, CA, Director, CFO, is a chartered professional accountant and chartered accountant with CFO-level 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. John Leliever, Business Development and Founder, is a third generation “Prospector/Developer” with over 40 years’ experience in the industry. He has worked in the remote wilderness of Canada servicing the industry through his contracting companies specializing in surface exploration development to include diamond drilling. For the last 12-years he has been directly involved in corporate development of exploration stage private and public companies. Mr. Leliever has been responsible for discoveries resulting in significant property acquisitions, to include Cote Lake and assisted Trelawney Mining in consolidating a portion of the key land’s and NSR’s prior to their sale to IAMGOLD. Mr. Leliever has extensive knowledge of exploration logistics, particularly in remote locations. TSXV: SGU 19 OTCQB: SGGTF FSE: 3S3
Board of Directors Paolo Lostritto, P.Eng. Chairman of the Board Paolo Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997 as they advance their projects through exploration, development, and production. Mr. Lostritto is currently serving on the Board of Blue Thunder Mining Corporation, which is focused on gold exploration in Quebec near the recently discovered Nelligan deposit. Paolo is a cofounder and board member of Interstellar Mining Inc which is focused on leveraging a leading Canadian space mining robotics group (Deltion Innovations Ltd.) along with Watts, Griffis, and McOuat Ltd.’s space mining group to develop and produce energy commercially for the rapidly growing space industry. Over his career, Mr. Lostritto was a Director of the Mining Equity Research at National Bank Financial and worked in equity research at Wellington West, Scotia Capital and TD Securities. He served as an Independent Director at Savary Gold Corp. which was sold to SEMAFO in 2019. Mr. Lostritto holds a Bachelor of Applied Science in Geological and Mineral Engineering in Rock Mechanics from the University of Toronto and he is a registered Professional Engineer in the Province of Ontario. Stephen Timms, Director, has enjoyed a successful career of over 25-years at IBM Canada. During his career at IBM, Mr. Timms has gained significant broad-based functional expertise in operations, business transformation, change management 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. Robert Vallis, P.Eng., MBA, Director, President & CEO Walter Hanych, P.Geo, Director, Chief Geologist Jonathan Held, CPA, CA, Director, CFO TSXV: SGU 20 OTCQB: SGGTF FSE: 3S3
Advisors Dr. Scott Jobin-Bevans, PhD, P.Geo, Advisor, has more than 25 years in worldwide mineral exploration and has public 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 of President (2010-2012) of the Prospectors and Developers Association of Canada. Dan Denbow, CFA, Advisor. has spent over 28 years in the capital markets with his most recent experience associated with USAA Investment Management Company. As a portfolio manager for USAA Mr. Denbow was responsible for managing over US$4 billion in three strategies; a domestic dividend and global dividend strategy and the USAA Precious Metals and Minerals Fund. Dan and his team have received eight Lipper Fund awards, six Lipper Fund Achievement certificates, a TopGun Investment Mind award in 2018 from Brendan Wood International, and the USAA Precious Metals Fund was named the “Fund of the Decade” for the ten-year period ending 2009. The USAA Precious Metals and Minerals Fund focused on selection of gold mining securities with a relative value ranking adjusting for risk based on factors including asset quality, management quality, and balance sheet quality. Dan holds an MBA from Texas Christian University, Neeley School of Business and is a CFA charterholder. John Hayes, P.Geo., Advisor. is a professional geologist with over 20 years of exploration, and many years of capital markets experience. John worked for ten years in mining equity research at BMO Capital Markets and at the time of his retirement in 2014 was a managing director covering global precious and base metal companies as they advanced projects from exploration to production. Most recently, Mr. Hayes served in senior roles at Pretium Resources and Osisko Mining. John graduated from Memorial University of Newfoundland with an Honours Bachelor of Science in Geology (1989) and a Master of Science in Geology (1997). He also holds an MBA from Dalhousie University (2003) and is a member (P. Geo.) of the Professional Engineers and Geoscientists Newfoundland and Labrador. Ricardo Welyhorsky, Advisor. Mr. Welyhorsky is a registered Professional Metallurgical Engineer with over 28 years of experience spanning all levels of project development and operations in the mining and metals industry. He brings to Signature’s advisory board a wealth of industry experience in various roles globally including with Yamana Gold, Detour Gold, Barrick Gold, and AMEC. Mr. Welyhorsky has held key roles in the study and development of many world-class gold mining operations including Yamana Gold’s Cerro Moro mine and Detour Gold. Mr. Welyhorsky has also held management positions at several Canadian open pit and underground operations and was most recently Mine General Manager at the Pure Gold Mine in Red Lake, Ontario, Canada where he was successful at taking the project into operations. TSXV: SGU 21 OTCQB: SGGTF FSE: 3S3
Thank You!
www.signatureresources.ca
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