🕐27.10.09 - 00:58 Uhr

Signature Metals Limited [ASX: SBL] - Quarterly Report September 2009



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Signature Metals Limited [ASX: SBL] - Quarterly Report September 2009

Signature Metals (ASX: SBL) has released its Quarterly Report for the period ending 30 September 2009.

HIGHLIGHTS:

* Drilling commenced during the September quarter with 3 diamond core holes completed for 1,481 metres
* High grade results from drilling at the Obenemase Deposit including:
- 14 metres at 9.01g/t gold from 46 metres (09KGDR009)
- 14 metres at 5.44g/t gold from 129 metres (09KGDR001)
- 10 metres at 5.70g/t gold from 173 metres (09KGDR003)
- 4 metres at 10.5g/t gold from 127 metres (09KGDR003)
- 3 metres at 10.4g/t gold from 159 metres (09KGDR001)
* Appointed a Ghana-based Project Manager to assess the 350ktpa CIL gold treatment plant and associated on-site infrastructure
* Fast tracking a strategy to bring the Konongo Gold Project rapidly into production, with potential for early cash flow from reclamation of stockpiles.
* Reviewing existing JORC Resources of approximately one million ounces.
* Past production from Konongo Gold Project of 1.6 million ounces at a head grade of 11.8g/t gold.
* Exploration Target of 1.5 - 2.5 million ounces of gold at a resource grade of 2-4g/t gold.
* Focussed on developing the Konongo Gold Project into a +100,000 ounce per annum gold producer.

To view the Quarterly Activities Report, click here:
http://signaturemetals.com.au/pdfs/Appendix5BQuarterlyCashflowReportSep09Quarter26Oct09.pdf

To view the Quarterly Cashflow Report, click here:
http://signaturemetals.com.au/pdfs/QuarterlyActivitiesReportSep09Quarter26Oct09.pdf

For further information, please contact:

Bill Oliver
Managing Director
E-mail:
Tel: +61 8 9481 0101

Media enquiries:
Bill Kemmery
Fortbridge
E-mail:
Tel: +61 2 9331 0655
Mob: +61 400 122 449

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