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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Nuvuyak | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Nuvuyak deposit at the Back River project. Drilling results incl. 34.60m @ 5.81g/t Au from 703.65m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sabina” | |
| 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 continued strong gold intersections from the Nuvuyak discovery at its 100% owned Back River gold project (“Back River” or the “Project”) in Nunavut Canada. Drilling results continue to demonstrate that Nuvuyak has the potential to be a significant new discovery at Back River within the foot print of the currently planned mine infrastructure. The Nuvuyak discovery with drill hole, 18GSE545 which returned 11.58 g/t over 39.50m (see press release August 20, 2018) and 18GSE558 which returned 16.39 g/t over 13.20 meters, (see press release October 22, 2018) is now informed by sectional drilling results from two wedge cuts, 18GSE558W1, and W2 and an overcut with drill hole 18GSE556C. Results confirm the strength of the gold system and importantly, clearly define an anticlinal and structurally thickened oxide iron formation sequence that is of the type preferential for development of large tonnage deposits at Back River. See figure 2 below. Bruce McLeod, President and CEO stated “The Nuvuyak discovery continues to hold all the geologic attributes that we see in our large tonnage deposits at Back River. The potential for upside at Nuvuyak is significant in that it is open in all directions within a gold structure or corridor that we believe is multi kilometers in strike. We are excited about this evolving exploration success story and I look forward to the future advancement of this discovery as we continue to evaluate results and advance the geologic model. Our recent exploration success at Umwelt Vault, Llama Extension and now Nuvuyak clearly demonstrate that Back River is emerging as a world class gold district.” | |
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