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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Nuvuyak, Goose | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-8-2018: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Nuvuyak, Goose deposit at the Back River project. Drilling results incl. 39.50m @ 11.58g/t Au from 797.90m. Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“ | |
| 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 first results from the 2018 summer exploration diamond drilling program at its 100% owned Back River gold project (“Back River” or the “Project”) in Nunavut Canada. A significant new high-grade gold discovery, the Nuvuyak gold zone, occurring approximately One kilometer to the west of the Goose Main Deposit, has been identified. Drill hole 18GSE545 targeted the high priority Nuvuyak target and intersected 11.58 g/t Au over 39.50 m with abundant visible gold. The mineralization at Nuvuyak is hosted in a strongly quartz veined, altered and mineralized iron formation sequence, and has a number of strong similarities to the highgrade Umwelt “Vault” zone. Successful drilling at Nuvuyak demonstrates the potential for further discoveries on this highly prospective district “Continued high-grade gold discoveries are an essential element in defining world class mineral districts.” stated Bruce McLeod, President and CEO. “We believe we can continue to grow our gold resources by aggressively exploring along both our better-known gold trends and the newly emerging gold trends that have been targeted for priority drilling. Nuvuyak may be the most significant discovery on the Property since the discovery of the Umwelt deposit. The discovery continues to highlight the strength of the gold system at Back River and the long-term value of the asset. Nuvuyak is an exceptional new discovery made by our in-house team that will continue to grow with the future of our company to the benefit of the shareholders.” | |
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