3 September 2020
Sabina Gold & Silver Corp is pleased to announce further results from drilling in the upper portions of the high-grade corridor at Umwelt Underground on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada.
Assay results from two new drill holes include: hole 20GSE575C which returned 19.89 g/t Au over 32.20m, including 51.50 g/t Au over 8.20m, and hole 20GSE574 which returned 5.88 g/t Au over 20.10m. These strong Umwelt underground results are in addition to the assays from the first three drill holes that included 15.15 g/t Au over 19.40 m (hole 20GSE571), 12.64 g/t Au over 7.70m (hole 20GSE572) and 13.72 g/t Au over 12.00m (hole 20GSE573), see the news release dated August 20, 2020.
Results continue to support the thesis of the continuity of a high-grade corridor extending from the high-grade Vault zone at depth to the lower limits of the current Umwelt open pit design. Additional drilling at this target is underway with results to be released as they become available.
“The assay results from drill hole 20GSE575C rank as one of the best ever encountered on the project in terms of grade and thickness.” said Bruce McLeod, President & CEO. “The intercept results we are now getting in the upper portions of the Umwelt high grade corridor are over twice the grade of the Umwelt underground resource. The tenor and robustness of gold mineralization we are seeing in this area just below the proposed Umwelt pit are very similar to the intercepts from Vault, approximately 600m down plunge. We are very encouraged by these continued exceptional results that, with more drilling, we believe will enable modelling of higher-grade material to be released earlier in the mine life. This adjusted mine sequencing could have a significant positive impact on what is already a tier one Project. More drilling is currently underway to better delineate these high-grade zones which could improve the grade in our resource and reserve estimates. To further support this drilling, we are preparing to drive an underground exploration ramp to access these areas from underground.”
Both drill holes in this release targeted an area surrounding a key feature that is demarked by a quartz feldspar porphyry dyke in intersection with an interpreted early structural setting within the Lower Iron Formation. The intersection lineation created by these components appears to be spatially associated with a high-grade structure. Drill hole 20GSE575C is located approximately 150 m down plunge from the planned open pit, and 45m down plunge from drill hole 20GSE573. Drill hole 20GSE576 is located approximately 150m down plunge of drill hole 20GSE572.