Sabina Gold & Silver (SBB) has released the first results from its spring drill program at the Hook target.
The Hook target is a key link between the Goose Main and Nuvuyak gold deposits on the Black River Gold Project in Nunavut.
Drilling returned 5.42 g/t gold over 28.05 metres, including 12.68 g/t gold over 5.3 metres, which is the highest gram per meter intercept at the target to date.
In total, the company drilled five holes at the Hook target, part of a 4,480-metre program at the Black River property.
Bruce McLeod, President and CEO of Sabina Gold & Silver, commented on the results.
“Our Hook target is located within the shadows of the Goose Main open pit and provides opportunities for exceptional alignment,” he remarked, “as we advance both exploration and development synergies for the entire southern Goose Main-Hook-Nuvuyak gold trend.”
The company has focused on advancing the Hook target to establish the potential for future growth.
Drill holes in today’s release targeted an area surrounding key features at the Hook target. Initial results indicate that there is approximately 1,500 metres of stratigraphy between the Goose Main and Nuvuyak deposits.
“The ability to demonstrate significant resource growth potential such a short distance from our proposed mining infrastructure is a tremendous success and further testament to the Goose Property gold endowment,” said Mr. McLeod.
Sabina Gold & Silver is a precious metal mining company engaged in exploring and developing mineral properties.
Sabina Gold & Silver (SBB) is currently down 0.61 per cent, trading at $1.64 per share as of 12:17 pm ET.