Sabina Gold & Silver Discovers New Mineralization Structure and Reports Final 2021 Spring Drill Results
7 September 2021
Highlights include intersection of significant assays including 8.37 g/t over 6.55 m at the Wing Zone in drill hole 21GSE601 and the discovery of a new structural trend hosting mineralized quartz veining and a quartz feldspar porphyry dyke.
Vancouver, BC – Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce final results from the company’s spring drilling program focused on the Hook Target and four additional early-stage exploration areas, on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada.
Final results for the 2021 spring drilling season have now been received following the completion of the drill campaign. This year’s campaign tested the Hook zone which is thought to be the link between the Goose Main and Nuvuyak deposits, as well as drilled four early-stage targets, progressing the target pipeline on the Goose Property.
As previously announced, at Hook, the successful four-hole program was highlighted by hole 21GSE600 which returned 5.42 g/t Au over 28.05 m, including 12.68 g/t Au over 5.30 m (see press release August 10, 2021) confirming Hook as a key mineralizing trend linking the Goose Main and Nuvuyak deposits. Remaining results for the Hook drilling are now available (Table 2) and are currently being integrated into the geological and mineralization modelling in support of future follow up drilling in 2022.
Additionally, four early-stage targets were tested, including the Wing zone, two targets associated with strong electromagnetic (EM) anomalies and a secondary iron formation target, the Llama Deep Iron Formation (“DIF”) (Figure 1). Highlights include a strong intersection of 8.37 g/t over 6.55 m from drillhole 21GSE601 in the Wing zone; the successful discovery of a new mineralizing structure associated with a previously un-drilled EM anomaly; and the identification of a new iron formation horizon located outside the main Lower Iron Formation (“LIF”) horizon.
Bruce McLeod comments “After several years focused on growing and strengthening the Back River resources resulting in the addition of 1M ounces in each of the Measured and Indicated and Inferred categories, we turned our focus back to greenfield targets to continue advancing the Back River project pipeline. This strong intercept at Wing continues to distinguish the Goose gold system as outstanding and we look forward to further success in developing a strong target and mining pipeline for years to come” said Bruce McLeod, President & CEO.
Read full release here.