Sabina Gold & Silver Reports More Positive Results at Umwelt on the Back River Gold Project, Nunavut <SBB.TO>
Marketwire
Sabina Gold & Silver Corp.
August 31, 2011 - 12:40:18 PM
Sabina Gold & Silver Reports More Positive Results at Umwelt on the Back River
Gold Project, Nunavut
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Sabina Gold &
Silver Corp. (TSX:SBB) is very pleased to announce new assay results from
holes drilled as part of its 2011 exploration program at the Umwelt deposit on
the Goose property at its 100% owned Back River Project in Nunavut, Canada.
The 2011 drilling campaign at Back River has two objectives: 1) to expand and
extend the existing deposits at Umwelt and Llama, and 2) to make new
discoveries using the Company's exploration tool box focussing on open pit
targets on the Goose and George claim blocks, as well as the Wishbone claims
that were retained after the Hackett River transaction.
There are currently five drills working on the Umwelt deposit at Goose and
this drilling continues to demonstrate the high quality nature of the deposit.
Umwelt has now been traced from surface to the south for a 1.15 km strike
length and 1.5 km plunge length which is an increase of 600 m of strike length
and 800 m of plunge length. Significant new assays have been returned for 4
holes across the southern 750 m strike length of the deposit.
Hole 11GSE099 drilled on section 4700N, located below drilling completed in
2010 and at the base of the pit generated for the initial 2011 Umwelt resource
by Roscoe Postle Associates (RPA), returned 14.62 g/t Au over 13.85 m
including 27.56 g/t Au over 5.0 m. This new intercept has the potential to
effectively increase the size of the proposed pit and will be followed up with
additional holes testing for further extensions.
Hole 11GSE074 located on section 4300N and near the centre of the resource
expansion holes drilled in 2011 returned 5.47 g/t Au over 29.00 m including a
higher grade section that graded 9.33 g/t Au over 12.00 m.
Holes 11GSE089 and 11GSE092 drilled on section 4150N some 200 m north of the
southernmost section drilled to-date also intersected significant zones of
mineralization. Hole 11GSE089 returned 7.32 g/t Au over 24.40 m including
54.54 g/t Au over 1.55 m. This mineralization is within altered and
sulphidized oxide iron formation. In addition, a separate interval associated
with quartz veining in a felsic dike within the antiform core greywacke
returned 41.46 g/t Au over 1.00 m. Hole 11GSE092 returned a number of
mineralized intervals including 7.28 g/t Au over 18.35 m which included 15.86
g/t Au over 2.25 m and 17.42 g/t Au over 3.0 m. Other intervals include 3.61
g/t Au over 10.50 m and 7.90 g/t Au over 1.75 m. A significant number of
assays are still outstanding for this hole.
The Mineral Resources for Umwelt, as calculated by RPA in March 2011, consist
of Indicated Resources of 4,601,311 tonnes grading 6.08 g/t Au for 899,758
ounces of gold and Inferred Resources of 1,066,868 tonnes grading 6.43 g/t Au
for 220,525 ounces of gold. These resources were calculated prior to this
year's drill campaign and the strike and plunge length of the deposit has
essentially been doubled with this new drilling.
"Our work at Back River continues to be successful. In our 2011 campaign, we
have extended and expanded our Umwelt deposit and we have made a number of new
discoveries, at Goose, George and on the Wishbone claim block," said Tony
Walsh, President & CEO. "Recent drilling at Umwelt continues to demonstrate
the remarkable continuity and high grade nature of the deposit. We are
targeting to complete sufficient drilling on these new extensions of Umwelt to
bring as much of the mineralization to resource as possible."
There are currently nine drills operating at Back River and Wishbone. Seven
drills are operating on the Goose property, where two drills are shifting from
resource expansion to focussing on the numerous untested targets within the 5
km corridor containing the Goose, Llama and Umwelt deposits. Two rigs are
operating on the Wishbone property. Many assays from both projects are still
pending.
SABINA GOLD & SILVER CORP.
[url=http://peketec.de/trading/viewtopic.php?p=1133506#1133506 schrieb:
spiderwilli schrieb am 31.08.2011, 18:45 Uhr[/url]"]irgend was neues bei SBB :shock:
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