Sabina Gold & Silver Announces Positive Results From Echo Zone at Back River Project
Published : November 04, 2013

Echo highlights include holes 13GSE435 returning 13.13g/t Au over 12.55m and 13GSE395 returning 7.73g/t Au over 12.20m

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - Sabina Gold & Silver Corp (News - Market indicators) ("Sabina" or the "Company") is pleased to announce positive drilling results at the Echo Zone on the Goose property. The results are from the Company's 2013 exploration program on its 100% owned Back River project in Nunavut.

"The results of our 2013 field work continue to increase the resource potential at Back River," said Rob Pease, President & CEO. "The Echo Zone was the first new zone discovered on the Goose project at Back River when Sabina purchased the property in 2009. Work on Echo continued in 2010 until the discovery of the Llama and Umwelt deposits, which shifted the focus of work on the Goose property. Echo has never been included in any of the resource estimates at Back River. This year, re-interpretation of prior drilling at Echo resulted in an infill program and holes testing newly defined targets in the zone. We are encouraged by the results of this work and the potential of Echo to become a supplemental open pit on the Goose property".

The Back River Project is made up of a series of mineral properties: Goose and George (which contain the existing resources) and four other exploration areas: Boot, Boulder, Del, and Bath. The bulk of the identified resources at Back River are found in a 7km long zone of folded banded iron formation at the Goose Property. Within the Goose Property, resources to date have been identified in three separate deposits: Umwelt, Llama and Goose Main.

Echo Zone

Echo lies within the Goose Property approximately 1.5 km southwest of the Goose Main deposit. 

The Echo Zone is a variably mineralized, steeply south dipping, east-west to northeast striking iron formation that was a priority of the company's exploration efforts until the focus turned to the Umwelt and Llama Deposits in 2010-11. The zone had been explored over approximately 600m in strike length and sporadically to 150m depth, but its limits were not well defined in any direction.

In 2013, the Echo Zone area was re-evaluated, and an 18 hole drill program was carried out to extend and better define the known mineralization to the west and northeast and/or east with the aim of targeting near surface open pit resources. To date, approximately 50 holes in total have been drilled on the zone.

The 2013 drilling indicates that the Echo Zone is open to the northeast, and at depth. In addition, encouraging drill intercepts (holes 13GSE435 returning 13.13g/t Au over 12.55m and 13GSE395 returning 7.73g/t Au over 12.20m, both intercepting the iron formation at vertical depths of approximately 150m) suggest that the deposit has improved grade with depth.

As part of the company's ongoing feasibility study of the Back River Project, modeling is currently underway to define the resource potential at Echo.

For all 2013 significant assays, please see the table attached to this news release.

Qualified Persons

The Qualified Person as defined by NI 43-101 as pertains to the Back River Project, is Angus Campbell, P.Geo, Vice-President, Exploration, for the Company.

True widths for the intercepts reported in this news release have not yet been determined.

Diamond drill core was sent to TSL Laboratories in Saskatoon, Sask. Quality control is monitored on a continual basis and utilizes a system of standards, blanks and duplicates to ensure analytical accuracy. The protocols and procedures used in 2013 are the same as those used in earlier campaigns by Sabina Gold & Silver Corp. and have been deemed appropriate in the Company's 43-101 compliant resource reports.

SABINA GOLD & SILVER CORP.

Sabina Gold & Silver Corp. is an emerging gold developer with district scale, world class assets in one of the world's newest, most politically stable mining jurisdictions: Nunavut, Canada.

Sabina's primary assets, all located in Nunavut, consist of: the Back River Gold Project, currently in the pre-feasibility and permitting phase; the Wishbone Claims, a vastly prospective grass roots project; and the Hackett River Silver Royalty, a silver production royalty on Glencore Canada's Hackett River project comprising 22.5% of the first 190 million ounces produced and 12.5% of all the silver produced thereafter. The Company is well funded and expects to end the year with approximately $60 million in cash.

All news releases and further information can be found on the Company's website at www.sabinagoldsilver.com or on SEDAR at www.sedar.com.

Forward Looking Statements

Statements relating to future operations at the Back River Project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2012.

Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.

This news release has been authorized by the undersigned on behalf of Sabina Gold & Silver Corp

Rob Pease, President & CEO
930 West 1st Street, Suite 202
North Vancouver, BC V7P 3N4
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com
 
 
 
Hole Id Area Section Easting Northing Depth From (m) To (m) Length (m) Au (g/t) Zone Name
13GSE315 Echo 1590E 432140 7268817 209.0 NSV        
13GSE320 Echo 1000E 432730 7268711 338.0 251.25 252.70 1.45 1.39 Echo
            256.25 263.55 7.30 9.03 Echo
including           257.30 258.55 1.25 27.99 Echo
and           262.10 262.60 0.50 28.10 Echo
13GSE327 Echo n/a 432874 7268815 401 224.60 229.00 4.40 3.07 Echo
13GSE335 Echo 1590 432140 7268874 185 22.00 22.50 0.50 2.40 Echo
13GSE375 Echo 1150E 432552 7268882 218.0 156.75 158.40 1.65 1.37 Echo
            161.40 162.45 1.05 1.23 Echo
13GSE378 Echo 1150E 432570 7268937 128.0 58.35 62.45 4.10 9.90 Echo
including           59.45 60.65 1.20 18.69 Echo
13GSE382 Echo 1100E 432632 7268830 380 150.45 152.30 1.85 3.34 Echo
            155.40 159.65 4.25 1.61 Echo
13GSE385 Echo 1100E 432632 7268993 71 36.00 40.00 4.00 3.00 Echo
            42.60 51.00 8.40 3.17 Echo
13GSE388 Echo 1050E 432682 7268814 218 164.00 172.00 8.00 2.31 Echo
including           166.00 168.00 2.00 6.37 Echo
13GSE390 Echo 1050E 432682 7268926 125 63.85 71.00 7.15 10.80 Echo
including           65.40 67.20 1.80 33.55 Echo
13GSE392 Echo 1050E 432682 7268937 65 NSV       Echo
13GSE394 Echo 1000E 432752 7268982 59 40.40 43.40 3.00 6.74 Echo
13GSE395 Echo 1000E 432765 7268850 227 161.80 174.00 12.20 7.73 Echo
including           163.05 163.55 0.50 112.90 Echo
including           169.20 170.30 1.10 13.41 Echo
13GSE431 Echo Off sect 432844 7268897 212 150.15 150.85 0.70 6.34 Echo
13GSE435 Echo Off sect 432853 7268871 248 182.25 194.80 12.55 13.13 Echo
including           182.25 183.60 1.35 53.04 Echo
and           188.75 190.05 1.30 41.22 Echo
13GSE439 Echo Off sect 432840 7268923 170 127.30 133.15 5.85 9.37 Echo
including           127.30 129.00 1.70 26.49 Echo
13GSE440 Echo Off sect 432879 7268743 395 308.85 319.00 10.15 2.83 Echo
including           317.40 319.00 1.60 11.78 Echo
13GSE456 Echo Off sect 432980 7269100 314 223.90 225.00 1.10 3.53 Echo

To view the images accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/EchoZone.pdf



Sabina Gold & Silver Corp
Nicole Hoeller, Vice-President
Communications
1 888 648-4218
nhoeller@sabinagoldsilver.com
http://www.sabinagoldsilver.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Sabina Gold & Silver Corp

DEVELOPMENT STAGE
CODE : SBB.TO
ISIN : CA7852461093
CUSIP : 785271 10 7
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Sabina is a gold and silver development stage company based in Canada.

Sabina develops gold, silver, copper, lead and zinc in Canada, and holds various exploration projects in Canada.

Its main asset in development is HACKETT RIVER in Canada and its main exploration properties are DEL NORTE, ROCKSTONE, GOLDEN SIDEWALK, SKINNER, BACK RIVER - GOOSE LAKE, BACK RIVER, BACK RIVER - GEORGE LAKE, NEWMAN-MADSEN and WISHBONE in Canada.

Sabina is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 348.8 millions as of today (US$ 281.8 millions, € 242.9 millions).

Its stock quote reached its lowest recent point on July 12, 2002 at CA$ 0.05, and its highest recent level on April 21, 2011 at CA$ 7.63.

Sabina has 223 580 000 shares outstanding.

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