15 November 2018
Sabina Gold & Silver Corp is pleased to announce it has received its Type A Water License from the Nunavut Water Board for the Company’s 100% owned Back River Gold Project in Nunavut, Canada.
On September 21, 2018, the Company received a copy of the NWB’s recommendation to the Minister of Intergovernmental Affairs, Northern Affairs and Internal Trade, the responsible Federal Minister (the “Minister”), that the Project’s Type A Water License should be issued with proposed terms and conditions. On November 14, 2018, Sabina received confirmation that the Minister has approved the Type A water license with no changes to the terms and conditions.
Receipt of the Type A Water License represents a key step in the environmental permitting process and will enable activities at site including mine construction and operations and sets the closure bonding amounts for the project moving forward.
The Type A Water License includes development of the Umwelt Open Pit and Underground, as well as the Llama and Goose Main Open Pits as envisioned in the current development plans. The Type A Water License also includes the ability to develop the Llama and Goose Main Undergrounds as well as the Echo Open Pit and Underground should we choose to do so in the future.
“The issuance of the Type A Water License is the culmination of significant work completed during the environmental assessment and permitting process, as well as the negotiation of long term land tenure with the Kitikmeot Inuit Association. We appreciate the professional approach of the Nunavut Water Board during the licensing process, as well as the support for the project from our other stakeholders in the Kitikmeot. While a rigorous process, the receipt of this last major license demonstrates the responsible mining friendly jurisdiction in which we work.” said Bruce McLeod, President & CEO.