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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Back River | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2019: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Back River deposit at the Back River project. Drilling results incl. 18.00m @ 10.04g/t Au from 818.90m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T: SGSVF.O | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Maxwell (Internal) | |
| ABSTRACT: | Vancouver, BC – Sabina Gold & Silver Corp (SBB.T: SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce further results from this year’s spring drilling program at its 100% owned Back River Gold Project in Nunavut Canada. On June 19, 2019 the Company announced results of an up-plunge hole at the Vault Zone at Umwelt (hole 19GSE569) which returned 14.97 g/t Au over 21.75m including 28.94 g/t Au over 5.20m. Further drilling during the spring, includes an up-plunge drill hole at the Nuvuyak discovery (hole 19GSE566), and two holes, (19GSE563 and 19GSE565) drilled to test portions of the Llama gold structure. At Nuvuyak, drill hole 19GSE566 tested a folded section of the main anticline structure approximately 50m up plunge of the original discovery area. Multiple broad zones of mineralized iron formation were intersected from 719m to 836m with a number of gold mineralized intervals highlighting 18.71 g/t Au over 3.50m, 2.59 g/t Au over 19.0m, 4.21 g/t Au over 3.20m and 10.04 g/t Au over 18.00m. At the Llama Extension target, where aggressive step out drilling has successfully demonstrated over 500m of potential down plunge resource extension from the existing underground NI 43- 101 resource, hole 19GSE563 tested a 150m undrilled gap area between the resource and the upper portions of the Llama Extension. This hole drifted lower than planned, only testing an eastern portion of the full structure, but importantly, it returned strong values that confirm continuity of the gold structure with 5.48 g/t Au over 4.95m including 31.38 g/t Au over 0.60m and 3.84 g/t Au over 5.60m including 15.27 g/t Au over 0.85m. Drill hole 19GSE565 tested a down plunge, lower section of the Llama Extension mineral zone to provide additional information on geometry of the structure, and returned numerous intercepts of well mineralized iron formation that include; 6.59 g/t Au over 4.75m including 26.40 g/t Au over 1.10m, 4.24 g/t Au over 10.65m and 9.70 g/t Au over 1.00m. | |
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