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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Post by StrikeGoldon Jan 02, 2023 12:07pm
231 Views
Post# 35199601

Best use of funding to add value at this point

Best use of funding to add value at this point....IMO should be further drilling at Brewery Creek to add resources.   If they are having trouble getting around $30 million for financing gold production at Copperstone, they should raise a far lesser amount instead to increase gold reserves at Brewery, and then wait one or two years for the price of gold to shoot up.   

They can also find out the feasibility and cost to extract perhaps up to 248,000 ounces of already mined gold sitting on the leach pad:

https://www.miningnewsnorth.com/story/2021/01/19/mining-explorers-2020/a-new-vison-for-brewery-creek-gold-mine/6656.html

Even Ron Netolitzky who had been involving in getting Brewery into production decades ago (and has been inducted into the Canadian Mining Hall of Fame), predicted at least a 25% increase in reserves was probable at Brewery with additional drilling. 
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