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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Llama extension | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Llama extension deposit at the Back River project. Drilling results incl. 8.3m @ 6.52g/t Au from 618.90m. VANCOUVER – Sabina Gold & Silver Corp. (“Sabina”) or (t | |
| Resources: | (Resource, M+I): 3.577Mt @ 6.50g/t Au for 743,000oz contained at Llama deposit | |
| CP/QP: | [Overall Report]: James Maxwell (Internal) | |
| ABSTRACT: | VANCOUVER – Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX) is pleased to announce the final results from the spring exploration diamond drilling program at its 100% owned Back River Gold Project in Nunavut, Canada. Bruce McLeod, President and CEO stated “we are very excited about the results from the Llama Extension drilling as they continue to demonstrate the considerable quality and the upside potential for growth of our existing deposits. At the Umwelt Vault zone, announced in May, we believe we have the potential to grow a high grade portion of the deposit with grades that are 2 to 3 times our resource average. At Llama we have demonstrated that the mineralized structure continues well below the current resource limits. Both Llama and Umwelt are analogous to other iron formation deposits around the world, including Goldcorp’s Musselwhite complex where mining continues along structures that are well in excess of 1,000 m and are still open. We are excited to have achieved our objectives at both Llama and Umwelt for our spring campaign. I look forward to our second phase of drilling on these targets scheduled for this summer and the continued demonstration of the significant upside resource growth potential at the Back River District.” Further drilling on the Llama extension zone is being assessed for a summer program commencing in August. | |
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