Sabina Gold & Silver Updates on Detail Engineering and Constructability Review Contracts for Proposed Goose Mine at Back River Gold Project in Nunavut, Canada - Seite 2

OTHER KEY INITIATIVES

Sabina had selected FLSmidth (“FLS”) as the equipment manufacturer and FLS is actively working on their line-up of equipment and a definitive pricing model with a performance guarantee for the plant. FLS will also be engaged in commissioning support and critical spares management. This continued engagement with FLS will provide Sabina with more certainty for the phases of the Project throughout detailed engineering, commissioning, optimization, and training.

Sabina is also reaching out to power plant technology providers to support the design and development of construction drawings for a ~15MW power plant. Sabina expects this contract will be awarded before the end of the year.  

Sabina has engaged DT Engineering to design the Port Facility fuel farm and fuel distribution process. The objective is to receive, store and dispense 40 Million liters at the Port Facility area and at the Goose site.

Sabina consultants are also working on the design of various water diversion structures designed to mitigate seasonal flow, site wide road networks, waste dump designs and site wide water balance calculations.

In 2019 Sabina obtained a third-party logistics review for Project construction.  As part of the process, Sabina engaged various vessel operators to do a logistics review while finalizing plans for the material consolidation points for the Project, the Port Facility receiving schedule and offloading requirements. The inaugural winter ice road in 2018/19 provided the experience required to develop a robust logistics and procurement execution plan to support the Project’s material requirements.  The opportunity enabled Sabina to conduct winter ice road time studies and road management plans.  All these initiatives have been carried forward and will be incorporated into the updated Project execution plan. 

Sabina Gold & Silver Corp.

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in one of the world’s newest, politically stable mining jurisdictions: Nunavut, Canada.

Sabina released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years (see “Technical Report for the Initial Project Feasibility Study on the Back River Gold Property, Nunavut, Canada” dated October 28, 2015).