Sabina Gold & Silver Announces Positive Results from Umwelt Deposit at Back River Project
Published : July 24, 2013

Umwelt holes 13GSE337 returns 19.27 g/t Au over 18.60m and 13GSE340 returns 24.13 g/t Au over 21.85m

Llama hole 13GSE312 returns 11.93 g/t over 15.20m

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2013) - Sabina Gold & Silver Corp (News - Market indicators) ("Sabina" or the "Company") is pleased to provide an update on the Company's 2013 exploration program and to announce continued positive drilling results at the Umwelt deposit on the Goose property on its 100% owned Back River project in Nunavut.

"We are very pleased with the conversion drilling that has been completed at Umwelt to date," said Rob Pease, President & CEO. "The Umwelt deposit is the largest of the Back River resources. Drilling in the proposed pit shell continues to demonstrate continuity and good grade. The Umwelt deposit is also our largest underground resource to date with mineralization over 1km deep with very good grades and widths found in the G2 Zone. Work at the George property will be wrapping up for the season by early August, however, we will continue to evaluate new targets for potential new open pit discoveries at Goose, Boot and Boulder well into September."

Umwelt Conversion Drilling Program

Resource conversion drilling has been completed on a portion of the currently proposed open pit at the Umwelt deposit with the primary objective of converting indicated resources to the measured category. Assay results returned to date are very encouraging and continue to demonstrate the continuity and high grade nature of this deposit.

A total of 52 drill holes were completed at Umwelt in 2013, with final assay results being received for 29 holes. All of these holes were drilled within the proposed open pit over approximately 300m along the length of the deposit.

Assay results received to date, including 19.27 g/t Au over 18.60m in hole 13GSE337 (Section 4850N), and 24.13 g/t Au over 21.85m in hole 13GSE340 (section 4900N), are indicative of the continuity of the gold mineralization at Umwelt. The complete listing of significant results received to date is appended in the table below.

Complete assay results have been received for all holes drilled on section 5025N and this cross section is presented below as an example of the good grade distribution at Umwelt.

Llama Conversion Drilling Program

Results for all 33 holes of the Llama open pit infill drill program have now been received and continue to support the 2013 objective of converting portions of the open pit mineralization at Llama to a measured resource. Additional holes from the north portion of the deposit continue to highlight the resource quality within this area including holes 13GSE312 returning 11.93g/t over 15.20m and 13GSE309 returning 4.97g/t over 7.75m. All final assay results that have not been previously released are appended in the table below.

Llama Assay Highlights

Hole ID Area Section Easting Northing Depth From
(m)
To
(m)
Length
(m)
Au
(g/t)
  Zone Name
13GSE306 LL 5200L 428659 7272338 152.0 106.35 108.05 1.70 2.98   Main East
13GSE309 LL 5225L 428683 7272380 152.0 83.80 91.55 7.75 4.97   Main East
including           87.00 90.05 3.05 10.98   Main East
13GSE311 LL 5175L 428739 7272354 77.0 22.50 23.25 0.75 130.80   Undefined
            49.00 50.75 1.75 1.19   Main East
            51.65 54.75 3.10 1.39   Main East
13GSE312 LL 5175L 428721 7272344 119.0 80.30 95.50 15.20 11.93   Main East
including           80.30 82.30 2.00 23.31   Main East
and           83.40 86.30 2.90 20.27   Main East

True widths have not yet been determined.

Ongoing exploration

In addition to conversion holes, drilling has commenced recently on the upper portions of the Llama underground with a goal of converting resources that are currently classed as inferred to indicated. Also, exploration drilling continues to focus on defining potential at a number of target areas on the Goose property including the Echo, Resurgence and Goose Tail zones.

More regional targets outside of the Goose area include the Boot and Boulder properties where two drill rigs continue to test exploration targets. This drilling is focused on evaluating the potential for large open pit discoveries.

Bathurst Inlet Port and Road (BIPR) Update

Earlier this year, the Company and Glencore Xstrata LLP jointly submitted an updated project proposal for the BIPR project that contemplates infrastructure for the Hackett River project and region. In 2013, work has focused on completing a draft environmental impact statement (DEIS) on BIPR for filing later this year.

Work included a geotechnical drilling program to assess the foundation material around the proposed port area. Preliminary results suggest material in the currently proposed port area is not adequate and further geotechnical drilling has been planned to assess a more suitable port area in the immediate vicinity. As a result, the DEIS will not be filed until this work has been completed.

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 who has read and approved the contents of this news release.

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 Xstrata Zinc's Hackett River project comprising 22.5% of the first 190 million ounces produced and 12.5% of all the silver produced thereafter.

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 Hackett 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, 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

Umwelt Assay Results

Hole ID Area Section From
(m)
To
(m)
Length
(m)
Au
(g/t)
  Zone Name
13GSE313 UM 5025 49.00 60.20 11.20 9.46   Main Zone Centre
including     51.30 52.20 0.90 32.77   Main Zone Centre
and     53.50 54.40 0.90 21.73   Main Zone Centre
and     56.00 57.00 1.00 16.98   Main Zone Centre
13GSE317 UM 5025 35.45 52.40 16.95 6.51   Main Zone Centre
including     41.90 44.30 2.40 23.06   Main Zone Centre
      65.00 68.10 3.10 78.52   Main Zone Centre
Including     66.05 67.00 0.95 146.50   Main Zone Centre
13GSE318 UM 5025 39.40 40.90 1.50 1.13   Main Zone East
      61.10 73.50 12.40 4.51   Main Zone East
including     61.10 62.95 1.85 11.56   Main Zone East
and     71.50 73.50 2.00 12.82   Main Zone East
13GSE322 UM 5025 72.00 73.70 1.70 1.50   Main Zone East
      76.35 77.50 1.15 1.01   Main Zone East
13GSE324 UM 5025 26.00 51.00 25.00 8.47   Main Zone East
including     32.15 33.00 0.85 49.57   Main Zone East
and     45.00 47.00 2.00 20.65   Main Zone East
      53.80 54.50 0.70 1.80   Main Zone East
13GSE325 UM 5025 5.00 56.25 51.25 4.93   Main Zone Centre
including     13.45 14.00 0.55 30.57   Main Zone Centre
and     15.75 17.00 1.25 16.15   Main Zone Centre
and     18.50 21.00 2.50 48.29   Main Zone Centre
      63.95 81.70 17.75 4.16   Main Zone Centre
including     77.00 80.00 3.00 12.39   Main Zone Centre
13GSE329 UM 5050 NSV        
13GSE330 UM 5050 7.90 32.15 24.25 6.76   Main Zone Centre
including     22.00 28.45 6.45 15.13   Main Zone Centre
and     31.40 32.15 0.75 45.73   Main Zone Centre
13GSE331 UM 4850 114.60 115.25 0.65 9.60   Main Zone Centre
      119.25 120.25 1.00 6.41   Main Zone Centre
      134.20 156.10 21.90 10.10   Main Zone Centre
including     136.20 136.85 0.65 31.19   Main Zone Centre
and     151.60 155.10 3.50 35.55   Main Zone Centre
      159.10 160.10 1.00 1.05   Main Zone Centre
      167.10 169.10 2.00 2.39   Main Zone Centre
      179.15 180.20 1.05 3.16   Main Zone Centre
      186.35 187.50 1.15 1.39   Main Zone Centre
      202.15 204.35 2.20 1.23   Main Zone Centre
      208.75 209.80 1.05 6.24   Main Zone Centre
      210.35 211.55 1.20 1.65   Main Zone Centre
      222.30 223.25 0.95 8.08   Main Zone Centre
13GSE333 UM 5050 18.00 19.25 1.25 1.42   Main Zone Centre
      26.25 36.60 10.35 12.33   Main Zone Centre
including     29.75 33.00 3.25 30.99   Main Zone Centre
      43.00 44.00 1.00 1.51   Main Zone Centre
13GSE334 UM 5050 NSV         Main Zone Centre
13GSE337 UM 4850 64.75 65.70 0.95 1.23   Undefined
      66.65 67.60 0.95 1.70   Undefined
      80.45 81.45 1.00 1.49   Undefined
      98.00 98.65 0.65 2.06   Main Zone Centre
      104.70 110.25 5.55 13.31   Main Zone Centre
including     104.70 106.05 1.35 14.27   Main Zone Centre
and     109.25 110.25 1.00 54.18   Main Zone Centre
      124.20 125.35 1.15 6.55   Main Zone Centre
      129.85 131.10 1.25 4.65   Main Zone Centre
      133.90 152.50 18.60 19.27   Main Zone Centre
including     136.90 137.45 0.55 59.40   Main Zone Centre
and     140.35 141.40 1.05 139.90   Main Zone Centre
13GSE339 UM 5075 10.85 30.50 19.65 1.97   Main Zone Centre
Including     11.70 12.30 0.60 18.83   Main Zone Centre
and     20.90 21.50 0.60 6.41   Main Zone Centre
13GSE340 UM 4900 102.20 124.05 21.85 24.13   Main Zone East
including     115.00 124.05 9.05 48.45   Main Zone East
which includes     121.00 122.00 1.00 183.80   Main Zone East
      128.95 131.00 2.05 2.89   Main Zone East
      194.20 195.25 1.05 2.40   Main Zone West
13GSE341 UM 4850 64.90 65.55 0.65 1.05   Upper IF
      73.35 74.30 0.95 1.17   Upper IF
      79.40 80.15 0.75 1.59   Upper IF
      86.25 87.05 0.80 6.72   Upper IF
      101.25 125.20 23.95 14.95   Main Zone Centre
including     113.50 114.35 0.85 46.07   Main Zone Centre
and     115.20 121.05 5.85 30.96   Main Zone Centre
      131.95 137.40 5.45 30.28   Main Zone Centre
including     134.85 135.35 0.50 98.23   Main Zone Centre
13GSE342 UM 5075 12.90 24.00 11.10 5.29   Main Zone Centre
including     15.65 16.35 0.70 36.45   Main Zone Centre
13GSE343 UM 5075 3.90 17.45 13.55 7.10   Main Zone Centre
including     5.50 6.20 0.70 15.88   Main Zone Centre
13GSE344 UM 5075 7.00 23.70 16.70 11.51   Main Zone Centre
including     11.00 12.00 1.00 103.90   Main Zone Centre
      36.00 38.35 2.35 1.39   Central GW
13GSE345 UM 4900 55.50 56.45 0.95 1.22   Main Zone East
      106.45 125.65 19.20 3.59   Main Zone East
including     120.65 122.80 2.15 8.81   Main Zone East
and     124.70 125.65 0.95 11.16   Main Zone East
      129.50 131.00 1.50 1.37   Main Zone East
      207.70 215.90 8.20 9.98   Main Zone West
including     212.85 213.85 1.00 17.59   Main Zone West
13GSE346 UM 4875 99.80 105.45 5.65 1.33   Main Zone East
      116.00 125.00 9.00 3.38   Main Zone East
      128.00 130.00 2.00 1.70   Main Zone East
      231.85 236.20 4.35 48.77   Main Zone West
including     233.70 234.45 0.75 112.50   Main Zone West
13GSE347 UM 5075 23.90 25.90 2.00 3.73   Main Zone East
      30.90 31.90 1.00 6.57   Main Zone East
13GSE349 UM 4900 10.15 11.95 1.80 37.20   Undefined
including     10.15 10.70 0.55 116.30   Undefined
      16.00 16.65 0.65 3.33   Undefined
      39.60 41.00 1.40 1.34   Undefined
      50.20 51.55 1.35 2.54   Undefined
      101.75 104.20 2.45 26.52   Main Zone Centre
      108.15 134.30 26.15 15.83   Main Zone Centre
including     108.15 111.10 2.95 29.03   Main Zone Centre
and     116.60 117.55 0.95 112.90   Main Zone Centre
and     122.70 123.70 1.00 53.55   Main Zone Centre
13GSE350 UM 5075 43.40 44.40 1.00 1.06   Undefined
      53.25 54.25 1.00 1.97   Main Zone East
13GSE351 UM 5100 39.60 40.60 1.00 2.61   Main Zone East
      49.80 50.80 1.00 12.86   Main Zone East
13GSE352 UM 4875 105.15 105.65 0.50 2.62   Undefined
      107.05 109.75 2.70 1.13   Undefined
      122.90 123.80 0.90 10.58   Main Zone East
      141.50 143.00 1.50 11.32   Main Zone East
      264.50 266.00 1.50 1.66   Undefined
      284.05 293.30 9.25 9.27   Main Zone West
including     292.60 293.30 2.80 26.65   Main Zone West
13GSE353 UM 4925 133.35 137.70 4.35 23.92   Main Zone East
including     135.25 136.40 1.15 53.09   Main Zone East
      141.50 143.00 1.50 1.83   Undefined
13GSE355 UM 5125 38.40 38.90 0.50 6.10   Main Zone East
      41.45 42.45 1.00 2.13   Main Zone East
      44.10 50.25 6.15 5.46   Main Zone East
including     47.10 48.00 0.90 17.39   Main Zone East
13GSE356 UM 5125 12.15 12.95 0.80 1.06   Undefined
      27.00 28.00 1.00 1.29   Main Zone East
      30.30 31.30 1.00 3.16   Main Zone East
      33.30 34.30 1.00 1.94   Main Zone East
13GSE357 UM 4875 85.90 87.15 1.25 2.43   Undefined
      98.50 99.50 1.00 2.21   Main Zone Centre
      103.50 127.45 23.95 10.37   Main Zone Centre
including     107.65 112.50 4.85 32.60   Main Zone Centre
and     121.00 123.00 2.00 21.08   Main Zone Centre
      143.00 144.50 1.50 1.10   Central GW
      149.00 150.50 1.50 1.01   Central GW
      158.00 159.50 1.50 1.15   Central GW
      195.10 201.30 6.20 25.39   Main Zone West
including     197.45 198.55 1.10 48.59   Main Zone West

To view the images accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/888131.pdf



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

Sabina Gold & Silver Corp

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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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Last updated on : 1/23/2010
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Annual variation
DateVariationHighLow
2021-52.58%3.541.60
202070.47%3.380.71
201958.20%2.270.99
2018-46.26%2.351.13
2017131.63%2.700.93
 
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3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.34+0.07%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.55+1.19%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.25-1.52%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.16-3.33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.03-1.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 4.27+1.67%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.78+4.86%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.44+6.02%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+2.78%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 3.04-2.88%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.10+0.80%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-8.82%Trend Power :