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Sabre Gold Mines Announces 23% Mineral Resource Increase to Gold Ounces At Copperstone, Arizona
TSX: SGLD
www.sabre.gold
Mr. Giulio Bonifacio reports:
TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce an updated mineral resource at its 100%-owned Copperstone gold project located in Arizona, United States.
Highlights
- 23% increase in gold ounces in all categories;
- 53% increase in Measured Resources to 196,000 gold ounces at 7.6 g/t;
- 45% increase in Inferred Resources to 212,000 gold ounces at 5.9 g/t;
- The resource was estimated at a gold price of $1,700 ounce with a modest reduction of 9,700 ounces when calculated at a gold price of $1,600 ounce;
- Underground mapping and sampling confirm that the mineralized domains occur where previously modelled;
- Drilling continued to demonstrate continuity in mineralization within mineralized domains and delimited some domain edges where step out holes were drilled; and,
- Capping of very high grade intercepts were distinct for each mineralized domain and based on conservative detailed statistical analysis which will provide potential further upside.
Giulio T. Bonifacio, CEO & President of Sabre Gold, stated: “We are pleased to release an updated mineral resource estimate for the Copperstone gold mine which has increased by 23% in all categories at an average grade of 6.6 g/t gold and 53% increase in the Measured category at 7.6 g/t gold from the previously published resource estimate. The resource update includes 152 new drill holes for 12,900 meters of additional drilling. The primary focus of drilling was to focus on classification and confirmation of the previous resource estimate. We are pleased with the further increase in the Inferred category, which will provide upside potential for future conversion. Additionally, several highly prospective expansion targets that have been recently identified remain untested."
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/106970-sabre-gold-23-mineral-resource-increase-to-gold-ounces-at-copperstone-arizona.html
"... The Property is located about 12 miles east-northeast of the Copperstone Mine with 500,000 ounce gold in past production (Black et.al., 2018) and within a newly recognized geological environment in Arizona that hosts deposits such as the Equinox Mesquite Mine with 4.65 million ounce gold past production in southeast California (Davis et.al., 2020). Readers are cautioned that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's property and there is no certainty of the same or similar deposits on the Company's property.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1213-tsx-venture/cem/99246-constantine-acquires-option-on-bouse-property-in-southwest-arizona-usa.html
https://starroyalties.com/copperstone/
"...Sprott’s new Managing Directors:
- Samay Bhachech, Managing Director, Financial Controls, Treasury, Planning & Analysis, Sprott Inc.
- Lisa Edwards, Managing Director, Sprott Inc.; Chief Compliance & Operations Officer, Sprott Capital Partners
- Doug Groh, Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management
- Shree Kargutkar, Managing Director, Sprott Inc.; Portfolio Manager, Sprott Asset Management
- Sarah-Jane Martin, Managing Director, Chief Talent Officer, Sprott Inc.
- Jason Mayer, Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management
- Lara Misner, Managing Director, Head of Enterprise Risk, Sprott Inc.; Chief Compliance Officer, Sprott Asset Management
- Maria Smirnova, Managing Director, Sprott Inc.; Senior Portfolio Manager & Chief Investment Officer, Sprott Asset Management
- J’aime Spork, Managing Director, Sprott Inc.; Head Trader, Sprott Asset Management
- Justin Tolman, Managing Director, Sprott Inc., Economic Geologist, Sprott Global Resource Investments Ltd.
To view the full Sprott leadership team, please visit: https://www.sprott.com/our-firm/leadership
https://www.globenewswire.com/news-release/2021/12/15/2352461/35318/en/Sprott-Updates-Leadership-Team-With-the-Promotion-of-10-New-Managing-Directors.html