Wednesday, October 3, 2012

Sabina confirms grade and thickness

A nice release from Sabina. Its always nice, as a shareholder, to see one of your investments continually put out strong results. This is a great way to end the season and I have much excitement for the March drill season. That being said, the press release notes that drill results will continue to be released through out the fall.

Its nice to see some more results from the Umwelt deposit which, along with their Llama deposit, are the big two at the Back River Project.



Sabina Reports Drilling Confirms Thickness and Grade at Back River Project, Nunavut
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2012) - Sabina Gold & Silver Corp. (TSX:SBB) -
Hole 12GSE234 returns 10.31 g/t Au over 39.85m in G2 Zone
Hole 12GSE238 returns 18.18 g/t Au over 25.7 m below proposed Umwelt Open pit
Hole 12GRL076 at Locale 2 at George returns 12.84g/t over 23.00m
Sabina Gold & Silver Corp. is pleased to announce more assay results from holes drilled at its Goose and George properties as part of the 2012 exploration program at its 100% owned Back River Gold Project in Nunavut, Canada.
Work at Back River in 2012 is heavily focussed on infill, geotechnical and extension drilling at the existing deposits in support of the upcoming Back River Pre-Feasibility Study.
In particular, work has focussed on the extension of the Umwelt deposit at depth. Planned conversion holes both in the G2 Zone and approximately 200 metres below the proposed Umwelt pit continue to demonstrate the continuity of the deposit.
12GSE238, a planned resource conversion drillhole on section 4000U returned 18.18 g/t Au over 25.7 m (including 1.85m @ 140.82g/t Au). It intersects the upper G2 Zone between a wide low-grade intersection 60m up-dip (11GSE049: 18m @ 2.04g/t), and a wide high-grade zone 110m down-dip (12GSE217, released in August 2012: 16.1m @ 51.93g/t).
Hole 12GSE234 was also a planned resource conversion hole, on section 4250U, returning 10.31 g/t Au over 39.85 m (including 0.95m @ 72.46g/t Au). The hole intersected the G2 zone approximately 37m up-dip from 11GSE123 which had comparable grade/width (32.95m @ 6.85g/t).
"We continue to be excited about the potential of the Umwelt deposit to depth. Results from the G2 Zone in particular continue to be very encouraging and we look forward evaluating our 2012 work to identify the potential impacts it will have on the upcoming pre-feasibility study," said Rob Pease, President & CEO. "While we continue to drill at Back River, work is winding down for the season and we expect to close our camps in early October. Drilling results will continue to be reported through the fall."
Umwelt Drilling Highlights
Hole IdFrom (m)To (m)Length (m)Au (g/t)Zone Name
12GSE234529.60530.250.651.30Main East
533.85535.001.151.13Main East
540.30580.1539.8510.31Main East
Including541.80542.951.1532.17Main East
Including577.05578.000.9572.46Main East
12GSE238654.60656.602.008.19Main East
686.50687.350.8547.77Main East
695.25720.9525.7018.18Main East
Including701.10702.201.1042.51Main East
Including715.50717.351.85140.82Main East
True widths have not yet been determined.
George Conversion Drilling
Conversion drilling at the George property continues to yield significant gold grades and widths from the Locale deposits where two diamond drill rigs are currently active. Initial assays continue to demonstrate resource confidence, while indicating a high potential for resource expansion at depth, along strike, and within parallel zones. Encouraging results from recent drilling intercepts at the Locale 2 deposit highlighting these opportunities include holes 12GRL062 (4.11g/t over 22.00m), 12GRL065 (4.18g/t over 7.40m), 12GRL070 (4.76g/t over 11.65m and 1.82g/t over 42.20m) and 12GRL076 (12.84g/t over 23.00m). Drilling at the George property is envisioned to complete during the first week of October.
Locale 2 drilling Highlights
Hole IdFrom (m)To (m)Length (m)Au (g/t)Zone Name
12GRL062139.00140.001.001.22Locale 2
171.00173.002.001.61Locale 2
183.00184.001.002.54Locale 2
238.60240.001.402.50Locale 2
297.00319.0022.004.11Locale 2
Including309.30310.401.1039.54Locale 2
12GRL065166.00167.001.001.34Locale 2
275.00276.001.001.11Locale 2
314.00315.001.001.77Locale 2
318.00319.001.001.10Locale 2
323.00325.702.702.45Locale 2
392.00393.001.003.26Locale 2
395.00396.501.502.64Locale 2
398.00399.001.003.29Locale 2
406.00407.001.001.65Locale 2
412.00419.407.404.18Locale 2
12GRL070165.00166.001.001.17Locale 2
170.00171.001.003.79Locale 2
187.00189.002.001.50Locale 2
322.00323.001.001.22Locale 2
336.30341.004.701.66Locale 2

As a side note, I was browsing through blog and articles when I saw that M Giordanos mentioned Sabina is one of his top picks write ups. He says....

"On the mining side, he said Sabina Gold & Silver Corp. (TSX: T.SBBStock Forum) is one to watch. “They are in the Nunavut area with the Black River Gold Project that they are “advancing nicely.” They also have a silver royalty from the Hackett River silver-zinc mine which is being developed by Xstrata Zinc Canada. In Giordano’s opinion, Sabina benefits from strong management, excellent assets, and a strong balance sheet, with about $140 million in cash.
Read more at "

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