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Sabina Gold & Silver Corp.
Summary
| Project: | Back River | |
|---|---|---|
| Deposit: | Umwelt Vault | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2017: Sabina Gold & Silver Corp. announces an Exploration/Drilling Update report for its Umwelt Vault deposit at the Back River project. Drilling results incl. 13.5m @ 16.86g/t Au from 734m. VANCOUVER –Sabina Gold & Silver Corp. (“Sabina”) or (the “C | |
| Resources: | (Resource, M+I): 9.05Mt @ 6.90g/t Au for 2034000oz Au contained at Umwelt 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 first results from the recently completed spring exploration diamond drilling program at its 100% owned Back River Gold Project in Nunavut, Canada. Approximately 7,000 m of drilling has been planned for 2017 in two drill programs, with the first completed this spring, and the balance in a summer drill campaign to commence in August. Priority drill targets were selected based on the potential to enhance project economics by adding or demonstrating potential additional mine life in the footprint of the proposed Goose Project. The spring drilling program has successfully concluded with approximately 2,700m of drilling in five drill holes. One drill hole (17GSE511B) targeted the Umwelt “Vault” zone with the objective of demonstrating the extension of a high-grade zone indicated by three historical drill holes included in the Umwelt resources. These previous holes indicated a potentially significant high-grade zone adjacent to the currently planned underground mine workings. The Vault drill hole targeted the expansion of this zone by stepping out down dip outside of the current reserves and mine plan. It is interpreted that an additional favourable host stratigraphy remains unconstrained for approximately 100 m down dip over a minimum strike of 200 m. | |
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