Sabina Silver nächste Blue Pearl Mining?
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High grade mineralization encountered at Main West Extension target including 288 g/t silver and 8.28% zinc over 20.10 meters
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Sabina Silver Corporation (TSX VENTURE:SBB) announced today further favourable results from the 2009 summer drilling campaign on its 100% owned Hackett River silver-zinc project in Nunavut, Canada.
HACKETT RIVER
Hackett River is one of the largest undeveloped silver - zinc volcanic massive sulphide ("VMS") deposits of its type in the world with indicated resources totalling 43 million tonnes grading 144 g/t silver, 4.65% zinc, 0.42% copper, 0.64% lead and 0.30 g/t gold and an additional inferred open resource totalling 14.6 million tonnes grading 136 g/t silver, 4.46% zinc, 0.31% copper, 0.57% lead and 0.31 g/t gold.
2009 SUMMER EXPLORATION PROGRAM - HACKETT RIVER
Following an encouraging winter campaign, drilling commenced for the second exploration phase at Hackett River in mid-July.
The objectives of the 2009 Hackett River program were to:
- test for extensions of the existing deposits to identify opportunities to enhance the economics of the deposits as well as to examine targets in untested portions of current internal conceptual open pit shells;
- identify and test a number of new near surface showings and targets that present opportunities to find new discoveries at Hackett River, thereby demonstrating potential to increase throughput; and
- test previously encountered intercepts of higher value mineralization generally consisting of copper with high grade silver and occasionally gold mineralization which could have a positive impact on early years of development.
With these opportunities in mind, 12,600 meters were drilled over a two phase campaign at Hackett River which was completed on September 15, 2009.
"Although we believe Hackett River has already reached the critical mass needed to sustain a large mining project in the Arctic, we also believe that there is still significant opportunity to both improve and grow the resource through exploration and as a result, lever our share price along the way. Our drilling to date has been exceptionally encouraging as we better define our targets to grow the project and the Company," said Tony Walsh, President & CEO.
Drilling results
Step-out Drilling on Existing Deposits
Main Zone West Extension Drilling
Previously considered one large folded deposit, the Main deposit was identified to be two separate zones as a result of the updated geological modelling completed earlier this year. The Main Zone West deposit, containing resources with grades typically twice as high as the Main Zone East deposit, is open at depth and to the north and south. Of particular interest is the northern extension which is high-grade, near surface and incompletely drilled.
Hole SHR-09-39 was drilled at Main Zone West to the north of all previous drilling and targeted an inferred structure identified in the resource model. The hole intersected 288 g/t Ag, 8.28% Zn, 0.90% Cu, 1.41% Pb, 1.29 g/t Au over 20.10 meters starting at a down hole depth of 4.30 meters. This hole continues the high grade Main Zone West mineralization and remains open to the north.
This hole collared in silver-rich massive sphalerite and galena bearing base metal sulphides over 12.5 meters and continued into a well developed silver-rich chalcopyrite stringer zone down to 24.80 meters followed by a wide zone of intense alteration containing disseminated chalcopyrite for over 150 meters. Three additional holes drilled to the north of SHR-09-39 intersected copper stringer mineralization associated with intense alteration for which assay results have yet to be received.
These results are significant as they indicate the presence of higher grade copper stringer mineralization, near surface, in an area which has had limited drilling. This extended higher value mineralization at the Main Zone West, in addition to the already high grade nature of the existing Main Zone West deposit, offers opportunities for an expanded high grade starter pit which continues to improve the potential economics of the project.
Once all results are returned, a drill program for 2010 will be designed to delimit this area for inclusion into an updated resource estimate.
JO Zone
The JO Zone is located 500 meters south of the Main Zone. Drilling in 2007 demonstrated the possibility that the JO Zone could add significantly to the resource at Hackett River. JO Zone mineralization is, on average, higher in grade, though more complex than any of the zones in the existing resource and expanding mineralization at JO could provide another opportunity for a shallow high-grade starter pit.
Hole SHR-09-29 was drilled to test the continuity of mineralization in the JO Zone and to validate some incomplete historical drill data. Hole SHR-09-29 intersected 66 g/t Ag, 6.84% Zn, 0.07% Cu, 0.01% Pb, 0.01 g/t Au over 18.75 meters.
The alteration associated with the JO Zone is strong and extensive and is similar in nature to the alteration associated with the Main Zone. Drilling to date has only tested the zone to a maximum depth of 200 meters and there is significant opportunity for the deposit to continue to depth.
East Cleaver
SHR-09-30 was drilled at East Cleaver to test down dip of historical hole ECL-94-01A, which encountered numerous mineralized intercepts within the proposed pit shell but which are not included in the defined resource. Some of the historical intervals included 9.97% Zn over 2.99 m at a depth of 4.5 m and 11.91% Zn over 4.45 m at a depth of 11.5 m.
Hole SHR-09-30 intersected a number of mineralized intervals including 691 g/t Ag, 0.13% Zn, 0.42% Pb, 1.90 g/t Au over 1.10 meters at a down hole depth of 176 meters and 124 g/t Ag, 4.12% Zn, 0.17% Pb, 0.08 g/t Au over 1.05 meters at a down hole depth of 182.5 meters. The recent intercepts will be review to determine potential impact on the East Cleaver pit shells.
Two additional holes (SHR-09-31 and SHR-09-32) were drilled in this area with hole SHR-09-32 returning 153 g/t Ag, 1.25% Zn, 0.78% Pb, 0.05 g/t Au over 2.85 m at a down hole depth of 225.61 meters. Assay results for hole SHR-09-31 are still pending.
These results indicate that the East Cleaver system is open to the west and further work is required to define potential new zones in this area.
Regional Exploration Targets
Additional drilling was also completed on a number of regional targets with encouraging results having been obtained in the East Cleaver, JO and May areas. Results from this drilling will be compiled and reported once assay results have been received.
Quality Assurance
Mr. Peter Manojlovic, PGeo, and Chief Geologist of Sabina Silver Corporation is a Qualified Person under the terms of NI43-101 and has reviewed the technical content of this press release and approved its dissemination.
The mineral resource estimate for Hackett River was prepared by Mr. Albert Chong, P.Geo., Senior Geologist of AMEC Americas Limited, and can be found on SEDAR at www.sedar.com. Mr. Chong is a qualified person as defined by National Instrument 43-101. CIM Definition Standards (2005) have been used in defining the mineral resource categories.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in Nunavut and several projects in the Red Lake gold camp. The Company is well capitalized with approximately $45 million in cash and marketable securities at June 30, 2009. The strategy to grow the company focuses on two mandates: 1) to continue to focus on enormous exploration and development potential of the Hackett River silver-zinc and Back River gold projects; and 2) maintain a strong balance sheet to acquire accretive precious metals assets.
Forward Looking Statements
Statements relating to exploration, pre-feasibility work and future operations at the Hackett River Project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", 'projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2008.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President & CEO
To view the table and map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/SBB0924.pdf
For more information, please contact
Sabina Silver Corporation
Nicole Hoeller
Director, IR
1 888 648-4218 or (604) 998-4175
nhoeller@sabinasilver.com
www.sabinasilver.com
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Sabinchen fällt........
Aber wünsche Gutes
WE ...
weil schönes Wetter.....
nochmals Grill raus.....
und weiter warten......
Tyko
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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0
keine...
nur das meine anderen auch massiv abgeben.........warum auch immer....
Ergo ....wieder warten....in diesem Jahr erwarte ich eh nix mehr....
:-(
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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0
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - The following issue(s) have been halted on the TSXV today:
Company / Compagnie Sabina Silver Corporation
TSXV Symbol / Symbole SBB - V
Reason / Motif Company request pending news
Halt Time / Heure de l'Arret 10:35 am EST
(x) Please note that IIROC is not able to provide any additional information regarding a specific trading halt or resume. Information is limited to general enquiries only.
For more information, please contact
IIROC Inquiries
(416) 646-7299
(604) 602-6986 (FAX)
Surveillancewest@iiroc.ca
www.iiroc.ca
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High grade mineralization encountered at newly identified Echo Zone
Hole 09GSE26 returning 8.17 g/t gold over 15.15 meters including 9 g/t gold over 13.20 meters
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - Sabina Silver Corporation (TSX VENTURE:SBB) announced today initial results of a new discovery from the 2009 summer drilling campaign on its 100% owned Back River project in Nunavut, Canada.
BACK RIVER
The Back River Project includes the Goose Lake gold deposit, which currently hosts 1.57 million tonnes grading 11.9 g/t Au for a contained indicated resource of 603,000 ounces of gold and an additional 1.83 million tonnes grading 9.2 g/t Au for a contained inferred resource of 295,000 inferred ounces of gold. Significant exploration opportunities to find more, good grade, open-pitable gold ounces were identified and a target set to identify the potential to add 500,000 ounces on the Goose property.
As the Back River acquisition was not completed until June, 2009, only a limited program could be carried out on the project this summer. The summer campaign focused on drilling around Goose Lake and some of this work has resulted in the discovery of the new Echo Zone.
"We are very excited about this new zone," said Tony Walsh, President & CEO of Sabina Silver Corp. "Besides validating our exploration strategy, this is a large step forward in our initiative to identify additional ounces of gold in a new zone that is good grade, close to surface and proximal to the existing resource at Goose Lake."
Echo Zone
Drilling commenced at Goose Lake in July 2009 testing a number of priority targets that had geophysical and geological similarities with the Goose deposit.
The newly identified Echo Zone sits approximately 2000 meters from the existing Goose Lake deposit in a broad zone of thick folded iron formation units that have been strongly altered to the extent that the magnetic signature of the iron formation has been washed out. The large 2 by 3 km target area has had no prior drilling.
It was immediately apparent that the Echo Zone displayed the same geological, structural and mineralization style as the Goose Lake deposit. A total of six holes have been collared in the zone of which assays for three of the holes are currently available. The remaining three holes encountered similar mineralization and veining and assays are pending.
The results of the first three holes include hole 09GSE08 which returned 8.57 g/t Au over 6.05 meters. Hole 09GSE09, drilled approximately 75 meters below hole 09GSE08, returned 5.22 g/t Au over 8.60 meters including 8.29 g/t Au over 4.95 meters. Hole 09GSE26, 50 meters to the east and slightly deeper than hole 09GSE09, returned 8.17 g/t Au over 15.15 meters including 9.00 g/t Au over 13.20 meters. The zone remains open in all directions with all holes targeting mineralization no deeper than 150 meters from surface, offering open pit opportunities.
The results of this work are currently being compiled and are expected to form the core of an aggressive 2010 drill program to expand this mineralized zone and test for similar targets on the Goose project.
The Back River Project is comprised of the George and Goose Lake gold deposits and contain measured & indicated gold resources of 3.4 million tonnes grading 10.9 g/t Au for 1.19 million ounces and inferred resources of 3.6 million tonnes grading 10.2 g/t Au for 1.16 million ounces of gold. The deposits are proximal to Sabina's world class Hackett River Project, with George Lake being approximately 40 km to the south east.
Regional Exploration Targets
Additional drilling was also completed on a number of other targets at Hackett River, Back River and Wishbone with encouraging results having been obtained in the East Cleaver, JO and May (Wishbone) areas. Results from this drilling will be compiled and reported once assay results have been received.
Quality Assurance
Mr. John Wakeford, P. Geo, and Sr. VP, Corporate Development of Sabina Silver Corporation is a Qualified Person under the terms of NI43-101 and has reviewed the technical content of this press release and approved its dissemination.
Mineral resources for Goose Lake and George Lake were generated by RSG Global Consulting Pty Ltd (Coffey Mining) in September 2007, and are posted on www.sedar.com.
The mineral resource estimate for Hackett River was prepared by Mr. Albert Chong, P.Geo., Senior Geologist of AMEC Americas Limited, and can be found on SEDAR at www.sedar.com. Mr. Chong is a qualified person as defined by National Instrument 43-101. CIM Definition Standards (2005) have been used in defining the mineral resource categories.
Diamond drill core was sent to ALS-Chemex laboratories in Thunder Bay, Ontario or North Vancouver, British Columbia for preparation and analysis using fire assay. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2009 are the same as those used in earlier campaigns by Sabina Silver Corp. and Dundee Precious Metals (previous operator at Back River) and have been deemed appropriate in the above noted 43-101 compliant resource reports.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in Nunavut and several projects in the Red Lake gold camp. The Company is well capitalized with approximately $45 million in cash and marketable securities at June 30, 2009. The strategy to grow the company focuses on two mandates: 1) to continue to focus on enormous exploration and development potential of the Hackett River silver-zinc and Back River gold projects; and 2) maintain a strong balance sheet to acquire accretive precious metals assets.
Forward Looking Statements
Statements relating to exploration, pre-feasibility work and future operations at the Back River Project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2008.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President & CEO
--------------------------------------------------
ECHO GOLD ZONE DRILL RESULTS, OCTOBER 06, 2009
SIGNIFICANT DRILL RESULTS, OCTOBER 06, 2009
--------------------------------------------------
Hole ID Zone From (m) To (m) Length (m) Au (gpt)
(core length)
09GSE04 Echo? No significant assays
09GSE08 Echo 88.85 94.90 6.05 8.57
09GSE09 Echo 205.55 214.15 8.60 5.22
includes 208.45 213.40 4.95 8.29
09GSE12 Echo? 172.60 174.10 1.50 1.28
174.10 174.75 0.65 0.93
174.75 175.50 0.75 0.71
225.00 226.00 1.00 0.89
226.00 227.50 1.50 1.09
09GSE14 Echo? No Significant assays (gabbro dike)
09GSE17 Echo 258.85 261.00 2.15 2.21
includes 258.85 259.50 0.65 4.01
09GSE26 Echo 197.30 212.45 15.15 8.17
includes 197.30 210.50 13.20 9.00
includes 208.75 210.50 1.75 47.83
--------------------------------------------------
To view the maps accompanying this release please visit the following link: http://media3.marketwire.com/docs/SABMAPS.pdf
For more information, please contact
Sabina Silver Corporation
Nicole Hoeller
Director, IR
1 888 668-4216
nhoeller@sabinasilver.com
www.sabinasilver.com
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komisch..
Mal sehen was bei rum kommt....
News lesen sich ja ganz gut.....obwohl erst in 2010 weiter gebohrt wird....deswegen eine Aussetzung des Handels?
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Optionen
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Boardmail an "Tyko" |
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1
fällt??!!
verstehs einer......."Sell bei good News?"
-----------
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Optionen
Antwort einfügen |
Boardmail an "Tyko" |
Wertpapier:
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0
:-)
-----------
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Optionen
Antwort einfügen |
Boardmail an "Tyko" |
Wertpapier:
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1
Sabina Silver Announces Discovery of a Significant New VMS Deposit Located 15 Kilometres East of Hackett River
High grade mineralization encountered at new May Zone including 73 g/t silver and 10.86% zinc over 10.60 meters
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - Sabina Silver Corporation (TSX VENTURE:SBB) announced today favourable results from the 2009 summer drilling campaign on its 100% owned Wishbone project in Nunavut, Canada.
WISHBONE PROJECT
The Wishbone project, comprised of a series of 95 mining claims, covers a volcanogenic massive sulphide ("VMS") district-scale land package over the highly prospective extension of the Hackett River Greenstone belt. The belt includes Sabina's 100% owned Hackett River project and extends 150 km to the south. It has received minimal historical exploration work; however the southern portion of the property (which includes the Yava and Musk VMS deposits owned by other parties) was covered by a 12,350 line km VTEM survey flown in 2008. This survey identified a multitude of precious metal, VMS and diamond anomalies.
Given the size of the property, Sabina's strategy is to work outward from the significant Hackett deposits, extending from the known to the unknown. Drilling this year focused on targets at the northern end of the greenstone belt closest to the Hackett River deposit. The newly discovered May Zone, a new VMS target, is the result of some of this work.
The May Zone is a shallow open pit target that offers an opportunity for an additional mining source for the proposed Hackett River mill. The deposit occurs directly along one of the proposed port roads being considered in scoping studies. It is open to the south and there are a number of other similar targets in the immediate area.
"Not only does the May Zone discovery have the potential to enhance the economics of the proposed Hackett River Project, it validates the acquisition of the Wishbone claims this past June," said Tony Walsh, President & CEO. "We believe this belt will provide short and long term potential for new VMS and gold discoveries. The May Zone discovery builds on the success we've had with the recent new Echo Zone gold discovery at Back River and illustrates the significant potential of Sabina's large land holdings in the area."
MAY ZONE DISCOVERY
The May Zone discovery is the result of Sabina's first drilling effort on the Wishbone project that covers a large portion of the 150 km by 30 km Hackett River Greenstone belt. It was targeted based on a combination of its geological similarity to the nearby Hackett River deposits, favourable alteration, a narrow high grade zinc intersection in a nearby historical drill hole and anomalies defined in recent airborne surveys.
The May Zone is located approximately 15 km to the east of the Hackett River deposits and occurs within similar volcanic stratigraphy. The zone has been traced down to a depth of 100 m over a length of 600 m defining a structure that dips shallowly to the south at approximately 15 degrees where it remains open. The airborne geophysics indicated that this zone may extend further to the south. The alteration zone associated with the May Zone has been traced over a 3 km by 1 km area to the southwest.
Results have been returned for the first 7 of the 14 holes drilled on this target and new near surface intercepts include:
Hole SWB-09-06
10.60 m grading 73 g/t Ag, 10.86% Zn, 0.28% Cu, 1.15% Pb, 0.19 g/t Au
Hole SWB-09-04
8.10 m grading 45 g/t Ag, 15.08% Zn, 0.32% Cu, 0.59% Pb, 0.10 g/t Au
Hole SWB-09-05
7.10 m grading 83 g/t Ag, 14.82% Zn, 0.36% Cu, 1.53% Pb, 0.13 g/t Au
Mineralization consists of massive, semi massive and stringer sphalerite, chalcopyrite, galena and pyrite within cordierite - anthophyllite altered felsic volcanic rocks. Similar style mineralization was encountered in most of the remaining 7 holes.
The area is underlain by shallowly southerly dipping strongly chlorite altered felsic volcanic rocks that have been metamorphosed to a broad area of cordierite and anthophyllite. This type of favourable alteration is often used to guide exploration for VMS targets. In 1971, Cominco drilled one hole into the northernmost end of the defined zone targeting a surface gossan, returning a narrow high grade interval of 11.3% Zn over 1.7 m that was never followed-up. The airborne survey (VTEM survey method) flown in 2008 detected a coincident conductor and magnetic anomaly associated with this mineralization over a 1,000 m by 300 m area. Similar strong VTEM anomalies occur immediately to the south and southwest and may be extensions of the conductive trend or separate anomalies.
The additional May holes will be released when the assays are received by Sabina. Results of this work will be compiled over the winter to determine drilling plans for 2010.
HACKETT RIVER
Hackett River is one of the largest undeveloped silver - zinc volcanic massive sulphide ("VMS") deposits of its type in the world with indicated resources totalling 43 million tonnes grading 144 g/t silver, 4.65% zinc, 0.42% copper, 0.64% lead and 0.30 g/t gold and an additional inferred open resource totalling 14.6 million tonnes grading 136 g/t silver, 4.46% zinc, 0.31% copper, 0.57% lead and 0.31 g/t gold.
Quality Assurance
Mr. Peter Manojlovic P.Geo., Chief Geologist, Sabina Silver Corporation a Qualified Person under the terms of NI43-101 has reviewed the technical content of this press release and approved its dissemination.
The mineral resource estimate for Hackett River was prepared by Mr. Albert Chong, P.Geo., Senior Geologist of AMEC Americas Limited, and can be found on SEDAR at www.sedar.com. Mr. Chong is a qualified person as defined by National Instrument 43-101. CIM Definition Standards (2005) have been used in defining the mineral resource categories.
Diamond drill core was sent to ALS-Chemex laboratories in Yellowknife for preparation and North Vancouver, British Columbia for analysis. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2009 are the same as those used in earlier campaigns by Sabina Silver Corporation and have been deemed appropriate in the above noted 43-101 compliant resource report.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in Nunavut and several projects in the Red Lake gold camp. The Company is well capitalized with approximately $45 million in cash and marketable securities at June 30, 2009. The strategy to grow the company focuses on two mandates: 1) to continue to focus on enormous exploration and development potential of the Hackett River silver-zinc and Back River gold projects; and 2) maintain a strong balance sheet to acquire accretive precious metals assets.
Forward Looking Statements
Statements relating to exploration, pre-feasibility work and future operations at the Hackett River Project and the Wishbone project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2008.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President & CEO
Table 1. Significant assays from May Zone drilling
--------------------------------------------------
MAY ZONE
--------------------------------------------------
Hole Easting Northing Azimuth Dip Length Sub From To
Number (m) (m) (deg.) (deg.) (m) Unit (m) (m)
--------------------------------------------------
SWB-09-01 635106 7309237 330 -75 218 1 35.25 38.52
incl. 36.45 37.60
SWB-09-02 635106 7309237 330 -50 95 1 39.65 44.45
incl. 41.15 44.00
SWB-09-03 635102 7309349 330 -75 62 1 24.35 25.15
SWB-09-04 635098 7309152 330 -50 131 1 54.05 62.15
incl. 54.05 58.45
and 60.25 61.30
SWB-09-05 635098 7309152 330 -75 94 1 52.20 59.40
incl. 53.05 55.90
SWB-09-06 635102 7309052 330 -75 143 1 67.00 77.60
incl. 70.00 71.30
and 73.00 75.10
SWB-09-07 635102 7309052 330 -75 116 1 59.40 83.50
incl. 59.40 62.15
and 69.10 69.80
and 71.78 76.70
and 79.10 79.60
and 81.80 83.50
--------------------------------------------------
--------------------------------------------------
Hole Interval Ag Zn Cu Pb Au
Number (m) (g/t) (%) (%) (%) (g/t)
--------------------------------------------------
SWB-09-01 3.27 79.64 12.42 0.36 1.33 0.09
1.15 115.00 15.20 0.45 1.65 0.12
SWB-09-02 4.80 106.79 8.69 0.98 0.76 0.06
2.85 146.02 11.11 1.32 1.08 0.08
SWB-09-03 0.80 49.00 0.05 2.35 0.00 0.11
SWB-09-04 8.10 44.94 15.08 0.32 0.59 0.10
4.40 61.99 18.66 0.38 1.07 0.11
1.05 25.00 29.80 0.34 0.02 0.27
SWB-09-05 7.10 83.24 14.82 0.36 1.53 0.13
2.85 92.84 24.00 0.26 2.34 0.08
SWB-09-06 10.60 73.15 10.86 0.28 1.15 0.19
1.30 127.00 17.35 0.59 2.73 0.31
2.10 143.90 24.01 0.35 2.85 0.51
SWB-09-07 24.10 29.29 4.30 0.22 0.32 0.03
2.75 53.45 10.04 0.23 0.65 0.10
0.70 77.00 13.45 0.07 2.18 0.05
4.92 48.95 9.08 0.30 0.49 0.06
0.50 103.00 8.29 1.25 0.77 0.03
1.70 97.35 10.03 1.28 0.53 0.07
--------------------------------------------------
NOTE: To view the maps associated with this release, please click the following link: http://media3.marketwire.com/docs/sbb1013.pdf
For more information, please contact
Sabina Silver Corporation
Nicole Hoeller
Director, IR
1 888 648-4218
nhoeller@sabinasilver.com
www.sabinasilver.com
Click here to see all recent news from this company
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Irgendwann wird sich das auch mal auszahlen.......müssen!
:-)
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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Sabina Silver changes name to Sabina Gold & Silver
2009-10-27 16:32 ET - Change Name
Pursuant to a resolution passed by directors on April 23, 2009, Sabina Silver Corp. has changed its name as follows. There is no consolidation of capital.
Effective at the opening Wednesday, Oct. 28, 2009, the common shares of Sabina Gold & Silver Corp. will commence trading on the TSX Venture Exchange and the common shares of Sabina Silver will be delisted. The company is classified as a mining company.
http://www.stockwatch.com/newsit/...&symbol=SBB&news_region=C
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Keine Kursfeststellung bei "Flatex"........
:-(
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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Mal abwarten was das so dann bewirkt.....
Kann m. E. nur positiv sein.
Eh nicht schön, das es einen Knacks im Trend nach oben gab.....
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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??
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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:-)
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Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
Gewinn ist die Summe aus positiven Investitionen abzüglich negativer Investitionen
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Sabina Gold & Silver
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