July 19, 2012 11:06 ET Sabina Announces Continued Positive Drill Results From 2012 Drilling at the Back River Gold Project, Nunavut
Hole 12GSE191 at Umwelt Returns 9.73 g/t Au Over 5.70 m, Extending Deposit an Additional 125 m;
Hole 12GSE185 at Llama Returns 9.94 g/t Au Over 9.05 m;
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2012) - Sabina Gold & Silver Corp. (TSX:SBB) is pleased to announce new assay results from holes drilled as part of the 2012 exploration program at its 100% owned Back River Gold Project in Nunavut, Canada.
Work at Back River in 2012 has focussed on infill, geotechnical and extension drilling at the Llama and Umwelt deposits, testing targets proximal to the existing deposits on the Goose property and testing regional targets for new deposits on the George and Boulder claim blocks.
On May 29, 2012 Sabina announced a positive Preliminary Economic Assessment ("PEA") of the Back River Gold Project and announced our intention to complete a Pre Feasibility Study by the first half of 2013. While work continues on extension drilling and regional exploration, as part of the work required to complete this study, drilling for the remainder of the 2012 campaign will prioritize on the conversion of a number of Inferred Resources to Indicated Resources as well as a number of geotechnical holes.
|