Sabina Gold & Silver Announces
Results from New Gold Trend
Located 15 km North of the
Goose Property, Black River Gold Project
Sabina Gold & Silver Corp (TSX: SBB), recently reported results from the 2018 summer exploration program from the Boulder property at its 100% owned Back River gold project (“Back River” or the “Project”) in Nunavut Canada.
The Boulder property, one of five properties within in the 80 kilometer iron formation gold trend at the Back River Project, is located approximately 15 km northwest of the Goose property, the current focus of Sabina’s development and exploration efforts.
The geology at Boulder is similar to other prospective locations throughout the Back River District as it is host to extensive poly-deformed sequences of oxide iron formation, the principle host to gold mineralization at Back River.
Exploration at Boulder over the 2018 summer season focused on a >1.6 km trend of under explored, folded iron formation that has anomalous gold in till signatures. Sabina’s exploration approach, developed through a successful history of discovery at Goose, focuses on an optimal geologic framework that allows effective vectoring towards the definition of drilling targets. Using this approach exploration work at Boulder focused on prospecting, mapping, till sampling and a limited first pass drill program of four widely spaced, short drill holes totaling 1394 m.
Bruce McLeod, President and CEO states “As we continue with our significant success and discovery at the Goose project we are also developing and advancing targets throughout Back River district area. We have a robust district wide, target pipeline of over 50 quality showings and concepts. At Boulder, the Vega target offers considerable potential for discovery of a new shallow gold zone. Given its close proximity to Goose and the shallow nature of the iron formation sequence, any discovery here could have a positive impact on project economics and mine life. We look forward to future exploration at Boulder as we build on the excellent progress from our 2018 field work.”
Sabina Gold & Silver Corp. is well-financed with approximately C$39.4 in cash and equivalents 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.
To view the results of Field Work and Drilling, Click Here.
To view Sabina’s Corporate Presentation, A Gold Miner in the Making, Click Here.
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