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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Llama | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Llama deposit at the Back River project. Drilling results incl. 13.80m @ 6.20g/t Au from 601.50m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sabina” or | |
| 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 results from six drill holes completed at the Llama Extension zone where drilling has principally focused on expanding the up-plunge extent of the mineral zone towards the known Llama underground resource (Figure 1.0 & Figure 2.0) at the Company’s 100% owned Back River Project (“Back River” or the “Project”). Five of the six drill holes completed during the current summer drilling campaign have successfully targeted the Llama gold structure over a strike extent of approximately 200 m upplunge from the previous 2017 and 2018 drilling that returned a number of high grade intercepts over significant lengths (see previous news releases: Sept 5, 2017, April 2, 2018 & May 8, 2018). Selected significant values from these six drill holes are listed below in Table 1.0 and include 17.96 g/t Au over 4.60 m from drill hole 18GSE548B and 6.20 g/t Au over 13.80 m from drill hole 18GSE547. A single drill hole, 18GSE546, drilled 26 m along strike in the open down-plunge direction from current drilling, returned values of 11.43 g/t Au over 5.48 m and continues to demonstrate that the gold structure is open at depth. For a complete list of significant intercepts from these six drill holes see Table 2.0. “Drilling continues to show that the Llama Extension zone has strong potential to add significant value as a growth option to the Back River development plan”, stated Bruce McLeod, President and CEO. “The Llama Extension zone has now been extended to over 400 m of strike length, located along the Llama gold structure approximately 150 m below the current Llama underground resource. From the drilling it appears the Llama open pit, underground and Extension zone are contiguous. It is notable that the Llama open pit is included in the current development plan while the underground resource is not and any new drilling success in this zone represents future opportunity for growth and expansion at Llama. The Llama Extension zone combined with the Llama underground resource, the Echo resource and additional potential new zones of mineralization such as the Nuvuyak target, offer a strong endorsement for the continued expansion of the mineral footprint within the Goose Project gold complex.” | |
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