{"id":1205495,"date":"2020-09-03T12:04:30","date_gmt":"2020-09-03T17:04:30","guid":{"rendered":"https:\/\/www.mining.com\/?p=1034628"},"modified":"2020-09-03T12:04:30","modified_gmt":"2020-09-03T17:04:30","slug":"sabina-gold-stock-up-on-back-river-drill-results","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1205495","title":{"rendered":"Sabina Gold stock up on Back River drill results"},"content":{"rendered":"

Sabina Gold & Silver (TSX: SBB) has released further results<\/a> from drilling at the Umwelt deposit on its Back River project in Nunavut. <\/p>\n

Two new holes were drilled in the upper portions of the high-grade corridor at Umwelt underground. One of those returned 19.89 g\/t Au over 32.20 m, including 51.50 g\/t Au over 8.20 m, ranking it as “one of the best ever encountered on the project in terms of grade and thickness.” The second drill hole returned 5.88 g\/t Au over 20.10 m.<\/p>\n

These Umwelt underground results are in addition to the assays from the first three drill holes<\/a> that included 15.15 g\/t Au over 19.40 m, 12.64 g\/t Au over 7.70 m and 13.72 g\/t Au over 12.00 m.<\/p>\n

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According to a feasibility study released in 2015, the Back River project contains some of the highest grade undeveloped open pits in the world<\/p>\n<\/blockquote>\n<\/figure>\n

Results continue to support the thesis of the continuity of a high-grade corridor extending from the high-grade Vault zone at depth to the lower limits of the current Umwelt open-pit design, the company said.<\/p>\n

\u201cThe intercept results we are now getting in the upper portions of the Umwelt high-grade corridor are over twice the grade of the Umwelt underground resource,\u201d president and CEO Bruce McLeod stated in a press release. <\/p>\n

\u201cThe tenor and robustness of gold mineralization we are seeing in this area just below the proposed Umwelt pit are very similar to the intercepts from Vault, approximately 600 m down plunge. We are very encouraged by these continued exceptional results that, with more drilling, we believe will enable modelling of higher-grade material to be released earlier in the mine life. This adjusted mine sequencing could have a significant positive impact on what is already a tier one project,” McLeod added.<\/p>\n

More drilling is currently underway to better delineate these high-grade zones, which could be used to improve the company’s resource and reserve estimates as well as for an updated feasibility study.<\/p>\n

According to a feasibility study released in 2015, the Back River project contains some of the highest grade undeveloped open pits<\/a> in the world. It is estimated that the mine has the potential to produce 200,000 ounces of gold annually over an 11-year mine life.<\/p>\n

Shares of Sabina Gold & Silver surged 5.6% by 1 p.m. EDT after hitting a 52-week high of C$3.05 earlier in the session. The Vancouver-based miner has a market capitalization of C$977.25 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Sabina Gold surged to a 52-week high on the latest results.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1205495"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1205495"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1205495\/revisions"}],"predecessor-version":[{"id":1205499,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1205495\/revisions\/1205499"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1205495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1205495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1205495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}