Mapping & Sampling Exploration Work Begins
Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce the start of a five-week exploration field mapping and sampling program at the George Project (“George”) on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada.
With the Goose Mine currently being advanced towards first gold production in 2025, exploration efforts now start to turn to George, the second most advanced of the five designated project areas within Sabina’s Back River Gold District. George, located approximately 60 km north of the Goose Mine, is host to 20 km of prospective iron formation with current resources of 7.1 M tonnes at 5.34 g/t Au for 1.2 M oz in the Indicated category and an additional 5.4 M tonnes at 6.12 g/t au for 1.1 M oz in the Inferred category. All deposits are open to depth.
The George Project hosts a stand-alone camp currently being readied for this year’s program with a capacity of up to 60 people. George has not been worked for almost 10 years, while Sabina focused on advancing the Goose Mine towards production. The opening of George camp and this year’s field program continues the phased strategy for pipeline growth in the Back River Gold District.
George offers significant potential as a satellite mine with a suite of over 25 compelling exploration targets. 2022 exploration will focus on evolving the structural framework and controls on gold mineralization to better understand and prioritize drilling targets for new discovery and resource growth both at George and at the other project areas on the District.
“George is the Back River Gold District’s second most advanced project. As we have been busy moving Goose forward, we have not operated at George for almost a decade. Since that time, significant progress and success has been made at Goose to unravel the geological signature of these Back River Iron formations. We are eager to apply some of these successful strategies to the prospective geology and existing deposits at George,” stated Bruce McLeod, President and CEO of Sabina. “With an expanded scale of over 20 km of iron formation identified to date at George versus the 8 km at Goose, there is significant opportunity for new discovery. With a strong gold endowment, an established resource estimate of over 2 million ounces of gold and a slate of prospects and drill targets, George makes Sabina unique with its own growth portfolio. We believe that the Back River Gold District is a world class project that will become a multi-generational gold producer.”
2022 Summer Field Program
Exploration at George will be carried out by Sabina geologists and consulting geologists with expertise in structural analysis and Archean gold systems. Programs will consist of re-logging of select historic drill core sections and targeted field evaluations to build a revised structural map that will provide critical controls on gold mineralization. Field work objectives are to better define stratigraphy, deposit and property scale mineral controls, and mineral paragenesis with the ultimate goal of building an enhanced property wide geologic model for George. Targeted mapping and sampling objectives will be completed at prioritized zones with anomalous gold values, as highlighted by historic data evaluation, and along projected strike of major gold trends. Results from the summer field program will be used to inform targeting and planning for future exploration drilling.
Full Release
