13 February 2018
Sabina Gold & Silver Corp is pleased to announce budget plans and activities for 2018. The 2018 planned budget enables the company to continue on its two-pronged approach in advancing towards production and continuing high-value exploration. All project development programs are focussed on de-risking, de-stressing and expediting the time line towards first gold production. The activities for project development and exploration will be funded out of the company’s existing treasury of approximately $94.5million. The 2018 budget delivers:
•Completion of the permitting process and receipt of both Type A and B water licenses;
•Completion of detailed engineering required for 2019 and development of the project execution plan;
•Commencement of pre-development infrastructure activities, earthworks, construction of the marine laydown area and procurement of key infrastructure and equipment including permanent camps for both the MLA and Goose sites;
•Completion of a targeted exploration program; and
•Advancement of the project debt finance process.