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Sabina Gold & Silver Updates Site Development and Exploration Activities at the Back River Gold Project

Nachrichtenquelle: globenewswire
20.04.2021, 14:00  |  474   |   |   

2021 Project budget of ~$60 million

VANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce that the Goose Camp has been successfully re-opened and work programs focused on pre-development advancement and exploration have commenced at the Goose Property on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada

Operating under Sabina’s COVID-19 Protocol Operational Framework, camp personnel have been safely mobilized into site and have commenced the 2021 field programs. Sabina will continue to engage with relevant parties and with the safety and well-being of our employees as our focus, will modify protocols based on new information to ensure our measures are protective.

Sabina anticipates that the Goose site will remain open from present to end of year for 2021 targeting several key initiatives focused on advancing the Project. Pre-development activities are focused on critical path activities needed to maintain the targeted production schedule as contemplated in the Updated Feasibility Study.

Exploration drilling and field programs will focus on advancement of gold targets and zones designed to provide near term positive impact at the Goose site. In addition, a return to the George site for reconnaissance work will help develop a phased strategy for future programs on the Back River Gold District’s second most advanced property.

“We have a busy year planned at Back River for 2021,” said Bruce McLeod, President and CEO. “Camp is now up and running and we are looking forward to another successful year, accomplishing the necessary activities to continue to advance the Project towards a production decision. Exploration drills have started turning with first results expected in June, and camp personnel are gearing up for significant earthworks this year. Construction is also set to begin on the underground exploration ramp at Umwelt. As we focus on pre-development work at Goose this year, we will also be returning to the George property for the first time since 2013. Situated approximately 50km north of the Goose site, George is the Back River Gold District’s second most advanced property, and we are eager to apply some of the successful exploration themes from Goose to the deposits at George.”

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Sabina Gold & Silver Updates Site Development and Exploration Activities at the Back River Gold Project 2021 Project budget of ~$60 millionVANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) - Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce that the Goose Camp has been successfully re-opened …

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13.04.21