20 January 2016
Vancouver, BC - Sabina Gold & Silver Corp (SBB.T), ("Sabina" or the "Company") is pleased to announce the 2016 budget for its 100%-owned Back River gold project ("Back River" or the "Project") in Nunavut, Canada.
The budget for 2016 is variable and projected to range between a base budget of $7 million with additional discretionary spending of up to $4 million which will be fully funded from the existing treasury. The base budget focuses on the essential activities to progress the Back River Project through completion of the environmental assessment phase as well as utilizing ~$2.2 million of flow-through raised in 2015 to test high value near surface targets with spring and summer drilling and field programs.