Sabina Gold & Silver Corp (TSX:SBB) ("Sabina" or the "Company")
is pleased to provide an update on the Company's 2013 exploration
program and to announce continued positive drilling results at the
Umwelt deposit on the Goose property on its 100% owned Back River
project in Nunavut.
"We are very pleased with the conversion drilling that has been
completed at Umwelt to date," said Rob Pease, President & CEO.
"The Umwelt deposit is the largest of the Back River resources.
Drilling in the proposed pit shell continues to demonstrate
continuity and good grade. The Umwelt deposit is also our largest
underground resource to date with mineralization over 1km deep with
very good grades and widths found in the G2 Zone. Work at the
George property will be wrapping up for the season by early August,
however, we will continue to evaluate new targets for potential new
open pit discoveries at Goose, Boot and Boulder well into
September."
Umwelt Conversion Drilling Program
Resource conversion drilling has been completed on a portion of
the currently proposed open pit at the Umwelt deposit with the
primary objective of converting indicated resources to the measured
category. Assay results returned to date are very encouraging and
continue to demonstrate the continuity and high grade nature of
this deposit.
A total of 52 drill holes were completed at Umwelt in 2013, with
final assay results being received for 29 holes. All of these holes
were drilled within the proposed open pit over approximately 300m
along the length of the deposit.
Assay results received to date, including 19.27 g/t Au over
18.60m in hole 13GSE337 (Section 4850N), and 24.13 g/t Au over
21.85m in hole 13GSE340 (section 4900N), are indicative of the
continuity of the gold mineralization at Umwelt. The complete
listing of significant results received to date is appended in the
table below.
Complete assay results have been received for all holes drilled
on section 5025N and this cross section is presented below as an
example of the good grade distribution at Umwelt.
Llama Conversion Drilling Program
Results for all 33 holes of the Llama open pit infill drill
program have now been received and continue to support the 2013
objective of converting portions of the open pit mineralization at
Llama to a measured resource. Additional holes from the north
portion of the deposit continue to highlight the resource quality
within this area including holes 13GSE312 returning 11.93g/t over
15.20m and 13GSE309 returning 4.97g/t over 7.75m. All final assay
results that have not been previously released are appended in the
table below.
Llama Assay Highlights
----------------------------------------------------------------------------
Len-
Sec- East- Nor- From To gth Au Zone
Hole ID Area tion ing thing Depth (m) (m) (m) (g/t) Name
----------------------------------------------------------------------------
13GSE306 LL 5200L 428659 7272338 152.0 106.35 108.05 1.70 2.98 Main
East
----------------------------------------------------------------------------
13GSE309 LL 5225L 428683 7272380 152.0 83.80 91.55 7.75 4.97 Main
East
----------------------------------------------------------------------------
including 87.00 90.05 3.05 10.98 Main
East
----------------------------------------------------------------------------
13GSE311 LL 5175L 428739 7272354 77.0 22.50 23.25 0.75 130.80 Unde-
fined
----------------------------------------------------------------------------
49.00 50.75 1.75 1.19 Main
East
----------------------------------------------------------------------------
51.65 54.75 3.10 1.39 Main
East
----------------------------------------------------------------------------
13GSE312 LL 5175L 428721 7272344 119.0 80.30 95.50 15.20 11.93 Main
East
----------------------------------------------------------------------------
including 80.30 82.30 2.00 23.31 Main
East
----------------------------------------------------------------------------
and 83.40 86.30 2.90 20.27 Main
East
----------------------------------------------------------------------------
True widths have not yet been determined.
Ongoing exploration
In addition to conversion holes, drilling has commenced recently
on the upper portions of the Llama underground with a goal of
converting resources that are currently classed as inferred to
indicated. Also, exploration drilling continues to focus on
defining potential at a number of target areas on the Goose
property including the Echo, Resurgence and Goose Tail zones.
More regional targets outside of the Goose area include the Boot
and Boulder properties where two drill rigs continue to test
exploration targets. This drilling is focused on evaluating the
potential for large open pit discoveries.
Bathurst Inlet Port and Road (BIPR) Update
Earlier this year, the Company and Glencore Xstrata LLP jointly
submitted an updated project proposal for the BIPR project that
contemplates infrastructure for the Hackett River project and
region. In 2013, work has focused on completing a draft
environmental impact statement (DEIS) on BIPR for filing later this
year.
Work included a geotechnical drilling program to assess the
foundation material around the proposed port area. Preliminary
results suggest material in the currently proposed port area is not
adequate and further geotechnical drilling has been planned to
assess a more suitable port area in the immediate vicinity. As a
result, the DEIS will not be filed until this work has been
completed.
Qualified Persons
The Qualified Person as defined by NI 43-101 as pertains to the
Back River Project, is Angus Campbell, P.Geo., Vice-President,
Exploration, for the Company who has read and approved the contents
of this news release.
True widths for the intercepts reported in this news release
have not yet been determined.
Diamond drill core was sent to TSL Laboratories in Saskatoon,
Sask. Quality control is monitored on a continual basis and
utilizes a system of standards, blanks and duplicates to ensure
analytical accuracy. The protocols and procedures used in 2013 are
the same as those used in earlier campaigns by Sabina Gold &
Silver Corp. and have been deemed appropriate in the Company's
43-101 compliant resource reports.
SABINA GOLD & SILVER CORP.
Sabina Gold & Silver Corp. is an emerging gold developer
with district scale, world class assets in one of the world's
newest, most politically stable mining jurisdictions: Nunavut,
Canada.
Sabina's primary assets, all located in Nunavut, consist of: the
Back River Gold Project, currently in the pre-feasibility and
permitting phase; the Wishbone Claims, a vastly prospective grass
roots project; and the Hackett River Silver Royalty, a silver
production royalty on Xstrata Zinc's Hackett River project
comprising 22.5% of the first 190 million ounces produced and 12.5%
of all the silver produced thereafter.
All news releases and further information can be found on the
Company's website at www.sabinagoldsilver.com or on SEDAR at
www.sedar.com.
Forward-Looking Statements
Statements relating to future operations at the Back River
Project and the Hackett River Project and the expected results of
this work are forward-looking statements within the meaning of
securities legislation of certain Provinces in Canada. Forward
looking statements are statements that are not historical facts and
are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Information inferred from the interpretation of drilling results
may also be deemed to be forward looking statements, as it
constitutes a prediction of what might be found to be present when
and if a project is actually developed. These forward-looking
statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially
from those reflected in the forward-looking statements, including,
without limitation: risks related to fluctuations in metal prices;
uncertainties related to raising sufficient financing to fund the
planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical or other
factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the Company's
properties; risk of accidents, equipment breakdowns and labour
disputes or other unanticipated difficulties or interruptions; the
possibility of cost overruns or unanticipated expenses in the work
program; the risk of environmental contamination or damage
resulting from Sabina's operations and other risks and
uncertainties, including those described in Sabina's Annual Report
for the year ended December 31, 2012.
Forward-looking statements are based on the beliefs, estimates
and opinions of Sabina's management on the date the statements are
made. Sabina undertakes no obligation to update these
forward-looking statements should management's beliefs, estimates
or opinions, or other factors, change.
This news release has been authorized by the undersigned on
behalf of Sabina Gold & Silver Corp.
Rob Pease, President & CEO
930 West 1st Street, Suite 202
North Vancouver, BC, V7P 3N4
Tel: 604 998-4175, Fax: 604 998-1051
http://www.sabinagoldsilver.com
Umwelt Assay Results
----------------------------------------------------------------------------
From To Length Au
Hole ID Area Section (m) (m) (m) (g/t) Zone Name
----------------------------------------------------------------------------
13GSE313 UM 5025 49.00 60.20 11.20 9.46 Main Zone Centre
----------------------------------------------------------------------------
including 51.30 52.20 0.90 32.77 Main Zone Centre
----------------------------------------------------------------------------
and 53.50 54.40 0.90 21.73 Main Zone Centre
----------------------------------------------------------------------------
and 56.00 57.00 1.00 16.98 Main Zone Centre
----------------------------------------------------------------------------
13GSE317 UM 5025 35.45 52.40 16.95 6.51 Main Zone Centre
----------------------------------------------------------------------------
including 41.90 44.30 2.40 23.06 Main Zone Centre
----------------------------------------------------------------------------
65.00 68.10 3.10 78.52 Main Zone Centre
----------------------------------------------------------------------------
Including 66.05 67.00 0.95 146.50 Main Zone Centre
----------------------------------------------------------------------------
13GSE318 UM 5025 39.40 40.90 1.50 1.13 Main Zone East
----------------------------------------------------------------------------
61.10 73.50 12.40 4.51 Main Zone East
----------------------------------------------------------------------------
including 61.10 62.95 1.85 11.56 Main Zone East
----------------------------------------------------------------------------
and 71.50 73.50 2.00 12.82 Main Zone East
----------------------------------------------------------------------------
13GSE322 UM 5025 72.00 73.70 1.70 1.50 Main Zone East
----------------------------------------------------------------------------
76.35 77.50 1.15 1.01 Main Zone East
----------------------------------------------------------------------------
13GSE324 UM 5025 26.00 51.00 25.00 8.47 Main Zone East
----------------------------------------------------------------------------
including 32.15 33.00 0.85 49.57 Main Zone East
----------------------------------------------------------------------------
and 45.00 47.00 2.00 20.65 Main Zone East
----------------------------------------------------------------------------
53.80 54.50 0.70 1.80 Main Zone East
----------------------------------------------------------------------------
13GSE325 UM 5025 5.00 56.25 51.25 4.93 Main Zone Centre
----------------------------------------------------------------------------
including 13.45 14.00 0.55 30.57 Main Zone Centre
----------------------------------------------------------------------------
and 15.75 17.00 1.25 16.15 Main Zone Centre
----------------------------------------------------------------------------
and 18.50 21.00 2.50 48.29 Main Zone Centre
----------------------------------------------------------------------------
63.95 81.70 17.75 4.16 Main Zone Centre
----------------------------------------------------------------------------
including 77.00 80.00 3.00 12.39 Main Zone Centre
----------------------------------------------------------------------------
13GSE329 UM 5050 NSV
----------------------------------------------------------------------------
13GSE330 UM 5050 7.90 32.15 24.25 6.76 Main Zone Centre
----------------------------------------------------------------------------
including 22.00 28.45 6.45 15.13 Main Zone Centre
----------------------------------------------------------------------------
and 31.40 32.15 0.75 45.73 Main Zone Centre
----------------------------------------------------------------------------
13GSE331 UM 4850 114.60 115.25 0.65 9.60 Main Zone Centre
----------------------------------------------------------------------------
119.25 120.25 1.00 6.41 Main Zone Centre
----------------------------------------------------------------------------
134.20 156.10 21.90 10.10 Main Zone Centre
----------------------------------------------------------------------------
including 136.20 136.85 0.65 31.19 Main Zone Centre
----------------------------------------------------------------------------
and 151.60 155.10 3.50 35.55 Main Zone Centre
----------------------------------------------------------------------------
159.10 160.10 1.00 1.05 Main Zone Centre
----------------------------------------------------------------------------
167.10 169.10 2.00 2.39 Main Zone Centre
----------------------------------------------------------------------------
179.15 180.20 1.05 3.16 Main Zone Centre
----------------------------------------------------------------------------
186.35 187.50 1.15 1.39 Main Zone Centre
----------------------------------------------------------------------------
202.15 204.35 2.20 1.23 Main Zone Centre
----------------------------------------------------------------------------
208.75 209.80 1.05 6.24 Main Zone Centre
----------------------------------------------------------------------------
210.35 211.55 1.20 1.65 Main Zone Centre
----------------------------------------------------------------------------
222.30 223.25 0.95 8.08 Main Zone Centre
----------------------------------------------------------------------------
13GSE333 UM 5050 18.00 19.25 1.25 1.42 Main Zone Centre
----------------------------------------------------------------------------
26.25 36.60 10.35 12.33 Main Zone Centre
----------------------------------------------------------------------------
including 29.75 33.00 3.25 30.99 Main Zone Centre
----------------------------------------------------------------------------
43.00 44.00 1.00 1.51 Main Zone Centre
----------------------------------------------------------------------------
13GSE334 UM 5050 NSV Main Zone Centre
----------------------------------------------------------------------------
13GSE337 UM 4850 64.75 65.70 0.95 1.23 Undefined
----------------------------------------------------------------------------
66.65 67.60 0.95 1.70 Undefined
----------------------------------------------------------------------------
80.45 81.45 1.00 1.49 Undefined
----------------------------------------------------------------------------
98.00 98.65 0.65 2.06 Main Zone Centre
----------------------------------------------------------------------------
104.70 110.25 5.55 13.31 Main Zone Centre
----------------------------------------------------------------------------
including 104.70 106.05 1.35 14.27 Main Zone Centre
----------------------------------------------------------------------------
and 109.25 110.25 1.00 54.18 Main Zone Centre
----------------------------------------------------------------------------
124.20 125.35 1.15 6.55 Main Zone Centre
----------------------------------------------------------------------------
129.85 131.10 1.25 4.65 Main Zone Centre
----------------------------------------------------------------------------
133.90 152.50 18.60 19.27 Main Zone Centre
----------------------------------------------------------------------------
including 136.90 137.45 0.55 59.40 Main Zone Centre
----------------------------------------------------------------------------
and 140.35 141.40 1.05 139.90 Main Zone Centre
----------------------------------------------------------------------------
13GSE339 UM 5075 10.85 30.50 19.65 1.97 Main Zone Centre
----------------------------------------------------------------------------
Including 11.70 12.30 0.60 18.83 Main Zone Centre
----------------------------------------------------------------------------
and 20.90 21.50 0.60 6.41 Main Zone Centre
----------------------------------------------------------------------------
13GSE340 UM 4900 102.20 124.05 21.85 24.13 Main Zone East
----------------------------------------------------------------------------
including 115.00 124.05 9.05 48.45 Main Zone East
----------------------------------------------------------------------------
which includes 121.00 122.00 1.00 183.80 Main Zone East
----------------------------------------------------------------------------
128.95 131.00 2.05 2.89 Main Zone East
----------------------------------------------------------------------------
194.20 195.25 1.05 2.40 Main Zone West
----------------------------------------------------------------------------
13GSE341 UM 4850 64.90 65.55 0.65 1.05 Upper IF
----------------------------------------------------------------------------
73.35 74.30 0.95 1.17 Upper IF
----------------------------------------------------------------------------
79.40 80.15 0.75 1.59 Upper IF
----------------------------------------------------------------------------
86.25 87.05 0.80 6.72 Upper IF
----------------------------------------------------------------------------
101.25 125.20 23.95 14.95 Main Zone Centre
----------------------------------------------------------------------------
including 113.50 114.35 0.85 46.07 Main Zone Centre
----------------------------------------------------------------------------
and 115.20 121.05 5.85 30.96 Main Zone Centre
----------------------------------------------------------------------------
131.95 137.40 5.45 30.28 Main Zone Centre
----------------------------------------------------------------------------
including 134.85 135.35 0.50 98.23 Main Zone Centre
----------------------------------------------------------------------------
13GSE342 UM 5075 12.90 24.00 11.10 5.29 Main Zone Centre
----------------------------------------------------------------------------
including 15.65 16.35 0.70 36.45 Main Zone Centre
----------------------------------------------------------------------------
13GSE343 UM 5075 3.90 17.45 13.55 7.10 Main Zone Centre
----------------------------------------------------------------------------
including 5.50 6.20 0.70 15.88 Main Zone Centre
----------------------------------------------------------------------------
13GSE344 UM 5075 7.00 23.70 16.70 11.51 Main Zone Centre
----------------------------------------------------------------------------
including 11.00 12.00 1.00 103.90 Main Zone Centre
----------------------------------------------------------------------------
36.00 38.35 2.35 1.39 Central GW
----------------------------------------------------------------------------
13GSE345 UM 4900 55.50 56.45 0.95 1.22 Main Zone East
----------------------------------------------------------------------------
106.45 125.65 19.20 3.59 Main Zone East
----------------------------------------------------------------------------
including 120.65 122.80 2.15 8.81 Main Zone East
----------------------------------------------------------------------------
and 124.70 125.65 0.95 11.16 Main Zone East
----------------------------------------------------------------------------
129.50 131.00 1.50 1.37 Main Zone East
----------------------------------------------------------------------------
207.70 215.90 8.20 9.98 Main Zone West
----------------------------------------------------------------------------
including 212.85 213.85 1.00 17.59 Main Zone West
----------------------------------------------------------------------------
13GSE346 UM 4875 99.80 105.45 5.65 1.33 Main Zone East
----------------------------------------------------------------------------
116.00 125.00 9.00 3.38 Main Zone East
----------------------------------------------------------------------------
128.00 130.00 2.00 1.70 Main Zone East
----------------------------------------------------------------------------
231.85 236.20 4.35 48.77 Main Zone West
----------------------------------------------------------------------------
including 233.70 234.45 0.75 112.50 Main Zone West
----------------------------------------------------------------------------
13GSE347 UM 5075 23.90 25.90 2.00 3.73 Main Zone East
----------------------------------------------------------------------------
30.90 31.90 1.00 6.57 Main Zone East
----------------------------------------------------------------------------
13GSE349 UM 4900 10.15 11.95 1.80 37.20 Undefined
----------------------------------------------------------------------------
including 10.15 10.70 0.55 116.30 Undefined
----------------------------------------------------------------------------
16.00 16.65 0.65 3.33 Undefined
----------------------------------------------------------------------------
39.60 41.00 1.40 1.34 Undefined
----------------------------------------------------------------------------
50.20 51.55 1.35 2.54 Undefined
----------------------------------------------------------------------------
101.75 104.20 2.45 26.52 Main Zone Centre
----------------------------------------------------------------------------
108.15 134.30 26.15 15.83 Main Zone Centre
----------------------------------------------------------------------------
including 108.15 111.10 2.95 29.03 Main Zone Centre
----------------------------------------------------------------------------
and 116.60 117.55 0.95 112.90 Main Zone Centre
----------------------------------------------------------------------------
and 122.70 123.70 1.00 53.55 Main Zone Centre
----------------------------------------------------------------------------
13GSE350 UM 5075 43.40 44.40 1.00 1.06 Undefined
----------------------------------------------------------------------------
53.25 54.25 1.00 1.97 Main Zone East
----------------------------------------------------------------------------
13GSE351 UM 5100 39.60 40.60 1.00 2.61 Main Zone East
----------------------------------------------------------------------------
49.80 50.80 1.00 12.86 Main Zone East
----------------------------------------------------------------------------
13GSE352 UM 4875 105.15 105.65 0.50 2.62 Undefined
----------------------------------------------------------------------------
107.05 109.75 2.70 1.13 Undefined
----------------------------------------------------------------------------
122.90 123.80 0.90 10.58 Main Zone East
----------------------------------------------------------------------------
141.50 143.00 1.50 11.32 Main Zone East
----------------------------------------------------------------------------
264.50 266.00 1.50 1.66 Undefined
----------------------------------------------------------------------------
284.05 293.30 9.25 9.27 Main Zone West
----------------------------------------------------------------------------
including 292.60 293.30 2.80 26.65 Main Zone West
----------------------------------------------------------------------------
13GSE353 UM 4925 133.35 137.70 4.35 23.92 Main Zone East
----------------------------------------------------------------------------
including 135.25 136.40 1.15 53.09 Main Zone East
----------------------------------------------------------------------------
141.50 143.00 1.50 1.83 Undefined
----------------------------------------------------------------------------
13GSE355 UM 5125 38.40 38.90 0.50 6.10 Main Zone East
----------------------------------------------------------------------------
41.45 42.45 1.00 2.13 Main Zone East
----------------------------------------------------------------------------
44.10 50.25 6.15 5.46 Main Zone East
----------------------------------------------------------------------------
including 47.10 48.00 0.90 17.39 Main Zone East
----------------------------------------------------------------------------
13GSE356 UM 5125 12.15 12.95 0.80 1.06 Undefined
----------------------------------------------------------------------------
27.00 28.00 1.00 1.29 Main Zone East
----------------------------------------------------------------------------
30.30 31.30 1.00 3.16 Main Zone East
----------------------------------------------------------------------------
33.30 34.30 1.00 1.94 Main Zone East
----------------------------------------------------------------------------
13GSE357 UM 4875 85.90 87.15 1.25 2.43 Undefined
----------------------------------------------------------------------------
98.50 99.50 1.00 2.21 Main Zone Centre
----------------------------------------------------------------------------
103.50 127.45 23.95 10.37 Main Zone Centre
----------------------------------------------------------------------------
including 107.65 112.50 4.85 32.60 Main Zone Centre
----------------------------------------------------------------------------
and 121.00 123.00 2.00 21.08 Main Zone Centre
----------------------------------------------------------------------------
143.00 144.50 1.50 1.10 Central GW
----------------------------------------------------------------------------
149.00 150.50 1.50 1.01 Central GW
----------------------------------------------------------------------------
158.00 159.50 1.50 1.15 Central GW
----------------------------------------------------------------------------
195.10 201.30 6.20 25.39 Main Zone West
----------------------------------------------------------------------------
including 197.45 198.55 1.10 48.59 Main Zone West
----------------------------------------------------------------------------
To view the images accompanying this press release, please visit
the following link:
http://media3.marketwire.com/docs/888131.pdf
Contacts: Sabina Gold & Silver Corp. Nicole Hoeller
Vice-President, Communications
1-888-648-4218nhoeller@sabinagoldsilver.com
www.sabinagoldsilver.com
Grafico Azioni Sabina Gold and Silver (TSX:SBB)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Sabina Gold and Silver (TSX:SBB)
Storico
Da Giu 2023 a Giu 2024
