TORONTO, March 13, 2017 (GLOBE NEWSWIRE) -- Signature Resources Ltd. (TSXV:SGU)(OTCQB:SGGTF) ("Signature" or the "Company") is pleased to announce to its Advisory Board, finance professional Mr. Asad Sultan.
Mr. Asad Sultan has over 20-years of experience in providing strategic advice and assisting companies with raising capital. He started his career with Citicorp, in New York and Tokyo, specializing in quantitative market analysis. Next came assignments in Hong Kong with Primark, Daiwa Securities and ITG Securities (CEO). He played a pivotal role in establishing Macquarie’s Asian investment banking franchise as Head of Regional Equities. In 2004, Mr. Sultan moved to Malaysia where he became a founding partner in a corporate finance boutique and as co-founder of wireless broadband player, “The Red Snapper”. In the period 2007 to 2008, Mr. Sultan became the Managing Director and Country Manager of Cantor Fitzgerald in India and since then has served as President of the Board of Quant Capital America. Mr. Sultan holds an M.B.A in Applied Finance from Fordham University (New York).
The Company also announces the resignation of Mr. Andrew Cook from its advisory board.
“We are thankful to Mr. Cook for the counselling he provided as a member of our advisory board and wish him every success in his business ventures, at the same time, we welcome Mr. Sultan, and look forward to his guidance and participation with the corporate development of the company”, commented Walter Hanych, CEO.
About Signature
The Lingman Lake gold property consists of four free hold patented claims and the twelve staked claims, comprising 616.8 hectares. The property hosts an historic estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.
*This historical resource 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. 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
To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca.
