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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Llama | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Llama deposit at the Back River project. Drilling results incl. 5.65m @ 29.39g/t Au from 695.35m. 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 an additional two drill holes, testing the Llama Extension Target at its 100%-owned Back River gold project (“Back River” or the “Project”) in Nunavut, Canada. Two drill holes, 18GSE533 and 18GSE535 targeted the area of high grade mineralization that is located down plunge of the current Llama resource where previously reported intersections in drill hole 18GSE530 included 15.67g/t Au over 23.25m and 9.48g/t Au over 38.55m in drill hole 17GSE516B (interpreted to be the fold nose of the Llama synform). See news releases April 6th, 2018 and September 5th, 2017. Drill hole 18GSE535 was completed approximately 60 meters up plunge of previously reported drill hole 18GSE530 and over 120 meters up plunge of drill hole 17GSE516B and intersected, 28.95g/t Au over 5.65m within a greater than 20m interval of strongly altered and mineralized host stratigraphy. Further high grade intercepts hosted within this same interval are highlighted as 24.72g/t over 2.20m, 25g/t over 1.00m and 15.75g/t over 0.60m, demonstrating the tremendous potential for additional high grade resource growth within the Llama trend (see table 1.0 below). Drill hole 18GSE533, an overcut of drill hole 17GSE516B, intersected high grade gold values that included 47.04g/t Au over 0.55m and 15.43g/t Au over 3.15m including 34.48g/t Au over 1.25m, all within a total interval of greater than 22m of strongly altered silicate and oxide iron formation. | |
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