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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Llama, Umwelt | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Llama, Umwelt deposit at the Back River project. Drilling results incl. 23.90m @ 6.37g/t Au from 597.30m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sab | |
| 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 results from this year’s phase one, spring exploration diamond drilling program at its 100% owned Back River Gold Project in Nunavut Canada. A spring exploration drill program of 6,033 meters in 10 drill holes at six target areas on the Goose property was completed during early May. Drilling successfully tested target areas in and around existing mineral resources at the Llama and Umwelt deposits and stand-alone exploration targets outside of the known resource areas. Highlights from drilling, in addition to results previously released from the newly discovered high grade Llama Extension zone, include results from: 1) two drill holes that tested the Umwelt structure north of the high grade Vault zone; 2) additional up-hole assays returned from one of the high grade drill holes at the Llama Extension zone; and 3) results from the initial testing of the possible extension of the Goose Main structure (the Nuvuyak target) over 700m west of defined open pit mineralization. See Figure 1. Bruce McLeod, President and CEO states “The phase one, spring drilling program has been very successful in that it continues to demonstrate the exceptional gold endowment of the project and our ability to significantly impact the resource growth story at Back River through continued drilling. In the next phase of drilling, which will start later this month, we will continue to advance the high grade mineral zones at Umwelt and Llama Extension as well as aggressively test a number of other high priority targets. The Nuvuyak target is particularly compelling with its on-trend proximity to the Goose Main deposit. Drilling here demonstrates thick intersections of variably altered and mineralized iron formation and numerous strong gold values in and around an important felsic dyke marker. We know from Umwelt and Llama that the gold structures are multi-km and we believe this is the opportunity at the Goose Main – Nuvuyak target area. | |
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