21 March 2017
March 21, 2017
VANCOUVER –Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX) reports the financial results for the quarter and year ended December 31, 2016.
“Much was accomplished in 2016,” said Bruce McLeod, the Company’s President& CEO. “Although we received a set-back from the Nunavut Impact Review Board (“NIRB”), we understand and support the NIRB’s desire for a high level of confidence in our proposals for the Back River Project (“Project”). We are happy to be back in the process and believe that our recently submitted Final Environmental Impact Statement Addendum (“FEIS Addendum”) presents additional mitigation, information and plans that will address NIRB’s concerns. In 2016, we also continued optimization and trade off studies which we believe could positively impact the Project economics. On the exploration front, a new discovery at Convergence and the successes at our Hivogani and Kogoyok targets continued to demonstrate the opportunities for new discoveries and extended mine life at Back River. Other geological programs completed during the year enabled us to plan a high impact drilling campaign for 2017 with our recently raised flow-through financing. 2017 has started out positively and we look forward to continued support for the Back River Project from all stakeholders as we work through the process.”
2016 Highlights: