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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Llama | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Llama deposit at the Back River project. Drilling results incl. 23.25m @ 16.32g/t Au from 693.55m. 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 the first results from the 2018 Spring exploration diamond drilling program at its 100%-owned Back River gold project (“Back River” or the “Project”) in Nunavut, Canada. Approximately 6,000m of planned drilling with two rigs is progressing on schedule with the objective of testing high impact targets at the Goose Property that include; Llama Extension, Umwelt Vault, the Goose Main trend and the prospective and relatively untested DIF (deep iron formation) horizon. Drill hole 18GSE530 which intersected, 15.67g/t Au over 23.25 m, including 32.56 g/t Au over 10.30 m (using a 100g/t cutoff for higher grade assays), in altered and mineralized iron formation, follows up on last years’ success at the Llama Extension target where significant mineralized intersections included 9.48 g/t Au over 38.55 m in drill hole 17GSE516B (see news release September 5, 2017). The new drill hole, 18GSE530 is located approximately 60m up plunge from drill hole 17GSE516B. This high grade area of gold mineralization, located approximately 450m down plunge of the current Llama deposit resources remains open and is the focus of current Llama Extension drilling. “During the 2017 exploration drilling campaign we had great success in demonstrating the tremendous growth potential that exists along the Llama gold structure” stated Bruce McLeod, President and CEO. “This year we will target the higher grade potential within the trend to better understand the geologic controls and overall size and tenor of the zone. The Llama underground resource area is not currently in the development plan, but as we have seen with the Umwelt Vault Zone, zones of high grade gold over significant widths at depth continue to demonstrate the potential for extended mine life and enhanced project economics. | |
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