VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - Sabina Gold & Silver Corp. ("Sabina" or the "Company") (News - Market indicators) reported today that the Company's Board of Directors has appointed Mr. John Wakeford, Sabina's Senior Vice-President, Corporate Development, to the Board.
Mr. Wakeford joined the Company in August 2008 and has been largely involved in the Company's corporate development as well as overseeing the Exploration strategies on the Company's gold and silver properties. Since starting with the Company, his efforts have been focused on building and developing Sabina's successful geological team, a team that under his guidance has demonstrated their skills and abilities by making significant new discoveries in 2010.
Mr. Wakeford's appointment to the Board coincides with a reduced working schedule (effective June 1, 2011) which will enable him to focus his energies entirely on exploration strategies and the evaluation of prospective new properties. He will remain the Company's Senior Vice- President, Corporate Development.
"John is a welcome addition to the Board," said Roy Wilkes, the Company's Chairman "the addition of his technical experience enhances what we believe is already a very well rounded group of directors. We are all very excited about our programs and initiatives this year and the opportunities they may bring for the Company and the shareholders."
SABINA GOLD & SILVER CORP.
Sabina Gold & Silver Corp. is an emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, most politically stable mining jurisdictions: Nunavut, Canada.
The properties consist of the Hackett River Silver Project, the Back River Gold Project, both advanced exploration properties, as well as the Wishbone Claims, a vastly prospective grass roots project.
The combined holdings total approximately 3,000 square kilometers and cover the largely unexplored Wishbone Greenstone belt.
Forward Looking Statements
Statements relating to work and opportunities at the Company's exploration projects 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 and information concerning mineral resource estimates 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 gold 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; uncertainties involved in the estimation of metal reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; 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, 2010.
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.
Tony Walsh, President and CEO