Sabina Gold & Silver Reports Goose Drilling Started at Back River Gold Project

VANCOUVER, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp. (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce that drilling has commenced at the Goose Property on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada.

A planned 3,500-meter spring surface exploration drill program has started, with a focus on targeting the interface between the planned open pit and the down plunge zone at Umwelt. This drilling will allow for further characterization of the geology and mineralization of higher-grade gold zones in those areas which will inform optimization of the open pit and underground mine designs.

Once complete, drilling will move to the Hook zone which is believed to be part of the gold structure linking the Goose Main and Nuvuyak gold deposits. Drilling is planned to be completed by mid April.

“We look forward to receiving the results of this spring drilling program as we continue to evolve and develop the resource potential at the 8 km long Goose Gold Complex,” said Bruce McLeod, President & CEO. “As we have demonstrated in past drilling campaigns, the gold endowment at Goose is exceptional and we remain committed to an exploration and resource growth and optimization strategy that we believe will add considerable value to the Project we progress towards production. With the application of our exploration framework through progressive 3D modeling, integrated data acquisition and drill testing, we are confident that we can continue to demonstrate the significant growth potential and world class nature of this well-endowed gold project.”

Spring Drilling Program

Umwelt Drilling

The initial series of six to eight drill holes are designed to better delineate and detail the gold mineralization at the intersection of the Quartz Feldspar Porphyry dyke and the Lower Iron Formation, which is an area of thickened iron formation host rock. Drilling is focused in and around the crown pillar and upper and lower sill areas, where it is believed that opportunities exist for better characterization of higher-grade mineral zones and mining infrastructure planning.

One geomechanical drill hole will be completed at the base of the Umwelt open pit for rock property data collection.

Hook Drilling

Two to three drill holes will be drilled at the Hook zone, which is located along the favourable gold structure that trends between the Goose Main gold deposit and the Nuvuyak Resource. The Hook target represents an important connector zone with a strike length of over 700m, demonstrating strong zones of mineralization in association with a tightly folded antiformal structure. Two drill holes will be drilled down plunge from 2021 drilling where drill hole 21GSE600 returned 5.42 g/t Au over 28.05 m, including 12.68 g/t Au over 5.30 m. An additional drill hole will target mineralization within the Hook gold structure located approximately 150m north of the Goose Main pit. Positive results from this drilling will help inform future decisions around resource growth and development along the Goose Main to Hook to Nuvuyak gold structure.