Ms. Nicole Hoeller reports
SABINA GOLD & SILVER ANNOUNCES MORE SIGNIFICANT ASSAYS FROM LLAMA DEPOSIT AT BACK RIVER PROJECT
Sabina Gold & Silver Corp. has released more positive results from the 2013 work campaign on its 100-per-cent-owned Back River project in Nunavut.
"Drilling at Llama continues to return stellar results," said Rob Pease, president and chief executive officer. "The in-pit conversion drilling demonstrates more confidence in the deposit with each set of results. Work is aggressively advancing at Back River project with nine drill rigs working at George and Goose. Work on camp and infrastructure upgrades has also been successful to date in 2013. At Goose, a new all-weather airstrip has been completed, providing greater access for larger aircraft improving logistics and cost-efficiency for the project."
The 2013 Back River program is focused on work to complete the continuing prefeasibility study and to support a potential subsequent feasibility study. The PFS is expected to be completed in the third quarter. Environmental and baseline work also continues with the objective of filing a draft environmental impact statement by year-end.
Back River -- Llama
In the Goose project area, drilling at Llama is currently focused on converting resources to the measured and indicated category in the proposed pit. Drilling is progressing well and continues to demonstrate confidence in supporting strong zones of shallow high-grade gold mineralization amenable to open-pit extraction.
All planned 33 holes at Llama are now complete, with assays for four holes still pending.
The objective at Llama has been to convert a significant portion of the mineralization to the measured category. Highlights supporting this process include holes 13GSE300 returning 15.20 grams per tonne gold over 20.90 metres, 13GSE292 returning 19.86 g/t Au over 16.65 m, 13GSE285B returning 11.56 g/t Au over 32.40 m, including 49.12 g/t Au over 5.55 m, 13GSE305 returning 11.85 g/t Au over 14.35 m, including 18.33 g/t Au over 7.40 m, and 13GSE304 returning 8.27 g/t Au over 29.40 m, including 23.98 g/t Au over 5.00 m.
Drilling at the Goose project also continues on brownfield exploration targets. Exploration holes have recently been drilled at the Camp, Wing and Resurgence zones, either following up on known mineralization or testing reinterpretation of models. Drilling is currently under way at Echo, a 2010 discovery that has been reinterpreted and found to have new prospectivity, and at Boomerang, a conceptual target west of the Goose Main deposit.
Camp improvements
At Goose, a quarry and a mobile crushing plant were commissioned in close proximity to the camp to provide crushed rock/gravel for the construction of an all-weather airstrip at Goose Camp. The airstrip is now complete and operational, allowing for larger aircraft to transport personnel, supplies and equipment more cost-effectively.
Qualified persons
The qualified person as defined by NI 43-101 as pertains to the Back River project is Kaesy Gladwin, PGeo, and senior district geologist for the company.
True widths for the intercepts reported in this news release have not yet been determined.
Diamond drill core was sent to TSL Laboratories in Saskatoon, Sask. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2013 are the same as those used in earlier campaigns by Sabina Gold & Silver and have been deemed appropriate in the company's NI 43-101-compliant resource reports.
SIGNIFICANT ASSAY RESULTS -- LLAMA DEPOSIT
Len-
Hole From To gth Au Zone
ID Depth (m) (m) (m) (g/t) name
13GSE273 176.0 64.20 64.70 0.50 5.83 Unde-
fined
68.80 69.80 1.00 1.01 Unde-
fined
144.00 149.00 5.00 1.05 Main
West
13GSE275 92.0 63.25 67.80 4.55 1.59 Main
East
13GSE278 101.0 18.55 19.20 0.65 1.03 Unde-
fined
83.70 84.50 0.80 1.20 Main
East
13GSE280 152.0 62.40 63.30 0.90 1.39 Main
West
71.95 72.50 0.55 262.10 Main
West
75.50 80.90 5.40 3.36 Main
West
111.00 119.00 8.00 8.87 Unde-
fined
including 111.00 114.05 3.05 20.97 Unde-
fined
120.05 121.10 1.05 2.13 Main
East
128.45 128.95 0.50 1.22 Main
East
134.00 134.85 0.85 2.37 Main
East
13GSE281 149.0 99.80 101.00 1.20 1.95 Unde-
fined
116.70 130.05 13.35 7.64 Main
West
including 127.35 129.30 1.95 43.66 Main
West
13GSE282 65.0 39.35 41.40 2.05 1.66 Main
East
47.80 53.80 6.00 5.69 Main
East
including 48.50 49.00 0.50 27.81 Main
East
59.85 62.00 2.15 1.19 Main
East
13GSE282B 281.0 42.45 43.10 0.65 2.74 Main
East
53.00 59.90 6.90 1.46 Main
East
114.00 118.00 4.00 1.25 Main
East
125.85 126.95 1.10 1.10 Main
East
134.00 134.75 0.75 1.65 Main
East
176.75 186.00 9.25 35.82 Main
West
189.90 198.80 8.90 2.52 Main
West
205.10 206.00 0.90 1.25 Main
West
209.00 232.15 23.15 13.25 Main
West
including 220.20 228.70 8.50 31.75 Main
West
13GSE283 176.0 113.00 113.80 0.80 1.13 Main
West
143.25 144.50 1.25 1.23 Main
West
150.60 153.35 2.75 1.74 Main
13GSE285 25.0 NSV West
13GSE285B 260.0 45.05 46.90 1.85 5.62 Main
East
81.80 82.75 0.95 1.65 Main
East
88.00 93.25 5.25 1.69 Main
East
98.30 104.10 5.80 49.98 Main
East
140.00 141.10 1.10 1.49 Unde-
fined
145.50 146.70 1.20 1.44 Main
West
154.50 155.50 1.00 4.13 Main
West
160.95 193.35 32.40 11.56 Main
West
including 168.90 174.45 5.55 49.12 Main
West
218.00 219.05 1.05 1.63 Main
West
237.25 238.25 1.00 2.37 Main
West
13GSE287 77.0 28.90 29.60 0.70 5.16 Unde-
fined
48.55 49.90 1.35 1.06 Main
East
51.60 52.60 1.00 1.51 Main
East
54.90 56.00 1.10 1.53 Main
East
13GSE290 155.0 33.00 34.30 1.30 2.79 Unde-
fined
84.10 97.00 12.90 4.77 Main
West
including 91.80 95.73 3.93 8.98 Main
West
100.00 100.95 0.95 1.10 Main
West
13GSE291 41.0 NSV Main
East
13GSE292 302.0 147.40 164.00 16.65 19.86 Main
West
including 150.50 160.00 9.50 35.39 Main
West
177.70 178.70 1.00 1.82 Main
West
13GSE293 152.0 76.00 77.00 1.00 2.16 Main
West
13GSE295 155.0 76.60 77.70 1.10 1.63 Unde-
fined
95.00 95.50 0.50 498.20 Unde-
fined
96.45 97.60 1.15 1.05 Main
West
109.20 110.15 0.95 2.40 Main
West
118.25 140.20 21.95 1.36 Main
West
including 132.10 133.10 1.00 6.28 Main
West
13GSE296 185.0 Additional assays pending
13GSE297 95.0 33.65 36.90 3.25 20.55 Unde-
fined
43.75 45.40 1.65 2.31 Main
East
57.30 61.55 4.25 1.11 Main
East
73.20 74.35 1.15 1.18 Main
East
13GSE299 38.0 15.95 16.50 0.55 1.01 Main
East
17.50 18.50 1.00 2.07 Main
East
13GSE300 131.0 94.50 115.40 20.90 15.20 Main
West
including 94.50 108.00 13.50 22.70 Main
West
13GSE301 128.0 86.50 89.00 2.50 3.22 Main
East
95.20 96.20 1.00 3.29 Main
East
97.30 97.80 0.50 2.33 Main
East
113.00 114.00 1.00 1.42 Main
East
13GSE303 71.0 50.00 51.50 1.50 6.76 Main
West
13GSE304 164.0 110.00 111.30 1.30 2.18 Main
West
120.60 122.00 1.40 1.23 Main
West
129.10 158.50 29.40 8.27 Main
West
including 130.00 135.00 5.00 23.98 Main
West
and 148.00 151.00 3.00 21.32 Main
West
13GSE305 353.0 129.80 130.50 0.70 1.03 Main
East
131.50 132.25 0.75 3.00 Main
East
150.40 151.75 1.35 2.46 Main
West
170.70 171.70 1.00 2.59 Main
West
173.50 177.95 4.45 4.40 Main
West
including 176.00 177.00 1.00 14.73 Main
West
253.00 257.30 4.30 2.92 Main
West
264.10 278.45 14.35 11.85 Main
West
including 270.40 277.80 7.40 18.33 Main
West
290.50 291.50 1.00 1.30 Main
West
292.70 293.40 0.70 5.32 Main
West
13GSE307 203.0 141.00 142.40 1.40 2.31 Main
West
144.00 165.43 21.43 5.63 Main
West
including 147.00 150.00 3.00 14.80 Main
West
192.50 194.00 1.50 2.33 Main
West
Additional assays pending
We seek Safe Harbor.
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