SABINA GOLD & SILVER INTERCEPTS LLAMA MINERALIZATION 300 MET SABINA GOLD & SILVER INTERCEPTS LLAMA MINERALIZATION 300 METERS DOWN PLUNGE OF CURRENT RESOURCE
Sabina Gold & Silver Corp. has released final results from the spring exploration diamond drilling program at its 100-per-cent-owned Back River gold project in Nunavut, Canada.
Approximately 2,700m of drilling in five drill holes were completed during this first phase of exploration. Two of these drill holes were completed at the Llama extension target with encouraging results. Drill hole 17GSE513 stepped-out approximately 300 m down plunge of the existing resource structure at Llama and was successful in intersecting over 48 m of altered and mineralized iron formation that includes 6.52 g/t Au over 8.3 meters from 618.90 m to 627.20 m. The Llama mineralized zone has now been intersected to approximately 550 m vertical depth and remains open.
Bruce McLeod, President and CEO stated "we are very excited about the results from the Llama Extension drilling as they continue to demonstrate the considerable quality and the upside potential for growth of our existing deposits. At the Umwelt Vault zone, announced in May, we believe we have the potential to grow a high grade portion of the deposit with grades that are 2 to 3 times our resource average. At Llama we have demonstrated that the mineralized structure continues well below the current resource limits. Both Llama and Umwelt are analogous to other iron formation deposits around the world, including Goldcorp's Musselwhite complex where mining continues along structures that are well in excess of 1,000 m and are still open. We are excited to have achieved our objectives at both Llama and Umwelt for our spring campaign. I look forward to our second phase of drilling on these targets scheduled for this summer and the continued demonstration of the significant upside resource growth potential at the Back River District."
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Have good day.