Gold at Signature Resources runs deep in Family history
Been a fan of prospector and developer John (“Johnny”) Leliever’s Signature Resources Ltd. (TSXV: SGU | OTCQB: SGGTF) deal since I was introduced to the Signature gold deal several years ago. Refreshingly charismatic, Johnny often meets business associates in the well-known historical deal-making Consort Bar of the ole King Eddie located right downtown Toronto. Having walked into more than one conversation where investors in the industry were reminiscing about his famous father, Gordon “Gordie” Leliever, we were delighted to get the rights to publish this photo of Gordie from the 40’s panning gold on the now famous Cote Lake property (below).
“Gold is our future,” Gordie Leliever says in a 2002 interview: “Our economy is based on gold.”
The doorman at the King Edward who enjoys conversing on Signature as he publicly discloses that he has shares tells me he hasn’t seen him in awhile…
I decide to text Johnny this morning as I wanted to ask him about the recent non-brokered private placement announcement for a million dollars, they made earlier this month. A holiday here in Ontario today, he calls me right back to explaining that he is planning to travel to the Lingman Lake project in northwestern Ontario tomorrow to ready it for a March drilling program. “Holiday or no holiday”, he tells me that he will “takes a call day or night” for their project.
“Honestly Johnny” I start – “…am not a geologist but the series of high-grade results you put out before the holidays sounds nothing short of ‘spectacular’.” He chuckles, and then we discuss whether we can secure a time and date during PDAC (March 3-6th) for us to interview him for an update.
For those of you new to Signature or have missed the series of high grade results, here they are:
- November 13th – Signature Resources’ First Drill Program at Lingman Lake Continues to Intersect High Grade Gold
- November 8th – Signature Resources Intersects High Grade Gold from Its First Drill Program in North Zone at Lingman Lake Gold Project
- November 5th – Signature Resources Announces Higher Grade Gold Values From 2018 Drill Program
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In reviewed the stock history, while it was not rewarded for results that exceeded expectations, Signature avoided the market negativity that many endured in December.
In our Matt Bohlsen piece last month titled Will 2019 see a gold price recovery again?, Matt says “makes perfect sense” to see gold rise again.
He highlights Signature with this quick intro that you may enjoy: Signature Resources Ltd. (TSXV: SGU | OTCQB: SGGTF) is a Canadian gold exploration company that owns a 100% interest in the Lingman Lake gold property including 4 freehold patented claims and 50 staked claims covering an area of 9,896.8 hectares. Signature’s focus is on its core historical asset, the Lingman Mine Project, located in the Lingman Lake greenstone belt of northwestern Ontario. Based on prior data and reports obtained and prepared by previous operators the project hosts a historic estimate of 234,684 oz of gold over 606.8 hectares.
And here’s the latest interview with Johnny, we published on December 20th as a special holiday gift to our readers — click here
Special thanks to Johnny for sharing the family shots used in this column with the InvestorIntel readership today. The headline shot is from a photo taken of Gordie Leliever’s father in the 20’s with his business partners on a drill rig. The one below is of Johnny (left) and brother on the right staking claims in the far north.
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Tracy Weslosky is the CEO for InvestorIntel Corp. and founder of InvestorIntel.com, a trusted source of online market information for investors in the capital markets, ... <Read more about Tracy Weslosky>