Signature Reports Additional RC Drilling Results from Konongo Gold Project

Signature Metals Limited is very pleased to announce further results from RC drilling at the Konongo Gold Project, located in the world class Ashanti Gold Belt of Ghana.

Significant results include:

• 6 metres at 9.88 g/t gold from 118 metres


• 4 metres at 1.56 g/t gold from 34 metres


• 6 metres at 1.11g/t gold from 10 metres


• 5 metres at 1.04g/t gold from 5 metres

The intersection of 6 metres at 9.88g/t gobench grinder gold coastld is the first result from drilling at the Boabedroo South deposit. Drillhole KGRC0059 targeted mineralisation at the southern end of the Boabedroo South pit and specifically tested the updip extension to mineralisation intersected in hole 05BBSD003 (17 metres at 2.19 g/t gold).

The hole was abandoned in mineralisation after drilling intersected an old stope. Significantly the next drilling along strike is 40 metres to the south and north indicating that further drill testing is required in this area.

The remainder of the results received were from drilling of the southern end of the Obenemase “D” Lode and from the Obenemase East area. Mineralisation in the Obenemase East area is hosted in the Tarkwaian sequence and strikes to the north-east. This is the same orientation as mineralisation in the rest of the Konongo Gold Project and in contrast to the Obenemase deposit which strikes to the NNW. Historical drilling results in this area include:

• 11 metres at 2.19g/t gold from 21 metres


• 10 metres at 2.13g/t gold from 80 metres


• 8 metres at 2.52g/t gold from 44 metres


• 2 metres at 5.98g/t gold from 14 metres


• 2 metres at 4.96g/t gold from 34 metres


• 8 metres at 1.98g/t gold from 74 metres


• 10 metres at 1.68g/t gold from 8 metres


• 8 metres at 1.64g/t gold from 34 metres


• 6 metres at 1.56 g/t gold from 62 metres


• 6 metres at 1.39g/t gold from 14 metres

No resource has ever been calculated for the Obenemase East Deposit.

The presence of shallow mineralisation, as well as the fact that it is less than 1 kilometre from the plant, means that this area may provide a viable source of feed. Drilling in this programme aimed to test extensions to mineralisation to the north and south where access has recently been improved as part of earthworks around the plant area. Results included:

• 6 metres at 1.11g/t gold from 10 metres


• 5 metres at 1.04g/t gold from 5 metres


• 11 metres at 0.54g/t gold from 28 metres


• 4 metres at 1.56g/t gold from 34 metres


• 4 metres at 1.17g/t gold from 47 metres

These results confirm the continuity of mineralisation along strike, albeit at a lower tenor than in the historical drilling. Several prospective targets have been identified from this drilling, most notably the result of 4 metres at 1.56g/t gold in KGRC55 which was located close to the area where the Obenemase mineralised trend would intersect the main Konongo trend. Follow up drilling is planned to test this highly prospective intersection area.

Results from the southern end of the Obenemase “D” Lode were of a lower tenor than those received from the northern portion of the deposit. No high grade shoots were intersected in the drilling, which was also constrained by access issues, therefore follow up work will focus on the northern part of the deposit where 3 high grade shoots were delineated in the initial part of the programme. All results from the drilling at Obenemase East and along the Obenemase ‘D” Lode are shown on Figure 2.

Results are still pending from 37 RC drillholes at the Boabedroo South deposit, and will be released to the market as soon as they are received and interpreted.