Sabina Gold & Silver Corp (TSX:SBB) announced the drill results from the Umwelt exploration program at the Back River Gold Project in Nunavut, with assay results including 51.93 g/t of gold over 16.6 metres.
As quoted in the press release:
At Umwelt, Hole 12GSE217 returned 51.93 g/t Au over 16.10 m effectively extending the high grade core of the G2 Zone 100 m down plunge. This intercept is at a vertical depth of 700 m and targeted the gap between the current resources and hole 12GSE173 (9.50 g/t Au over 7.15 m) reported in June 2012. The G2 Zone (good grade, good width), first identified in 2011, forms a part of the growing underground resource at Umwelt.
As part of the Umwelt geotechnical program, hole 12GSE214 was drilled oblique to section and intersected 18.81 g/t over 21.90 m in the west limb at the bottom of the pit shell. Further analysis of this intersection will be completed in order to incorporate any appropriate impact on existing resources.
Rob Pease, President & CEO of Sabina, commented:
Results from Umwelt continue to demonstrate the potential of this deposit. We have now traced the mineralization over 300 metres down plunge of the known resources, and world-class results like those from hole 12GSE217 continue to increase our confidence in the high-grade and continuous nature of the deposit. We are very excited to learn how these results and the balance of the 2012 program will factor in to our anticipated resource update and 2013 pre-feasibility study for our wholly-owned Back River project.