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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Back River | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2017: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Back River deposit at the Back River project. Drilling results incl. 1.13m @ 98.31g/t Au from 207m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sabina” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Maxwell (Internal) | |
| ABSTRACT: | Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sabina” or the “Company”) is pleased to announce final assay results from the summer exploration diamond drilling program (Figure1) at its 100% owned Back River Gold Project in Nunavut Canada. Drilling intercepts have highlighted the importance of a mineralized Deep Iron Formation (“DIF”) horizon approximately 40 to 100m stratigraphically below the main lower iron formation at the Llama and Umwelt deposits. Initial assay results of up to 98.31 g/t Au over 1.13m from drill hole 17GSE521 and 23.20g/t Au over 2.05m including 48.65g/t Au over 0.95m from 17GSE528 have been returned. Other significant drill results are included in the table below. The DIF horizon is a new stratigraphic target over a distance of greater than 3km at Back River within the Llama and Umwelt deposit trends and is believed to be relatively continuous and favorably folded within the Goose project area. This new horizon is analogous to the DIF and lower sediments at the Goose Main deposit, which hosts approximately 20% of the existing Goose Main resource. ”We are very encouraged by the identification of this new mineralized parallel target zone under the main gold bearing structure at Llama and Umwelt,” said Bruce McLeod, President & CEO “The DIF horizon appears to be wide spread at the Goose Property and has been identified at other deposits in the Project area through drilling and surface mapping. While more exploration is warranted to test the significance of this horizon at Llama and Umwelt, these results continue to demonstrate the potential of this strong gold endowed district for diverse resource growth opportunities.” | |
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