Sabina Gold & Silver expands the Nuvuyak Discovery
Press Release
November 19, 2018
Includes 5.81 g/t Au over 34.60m from drill hole 18GSE558W2 and 5.89 g/t Au over 12.70m including 14.83 g/t Au over 4.10m and 7.45 g/t Au over 4.20m from drill hole 18GSE558W1
Vancouver, BC – Sabina Gold & Silver Corp (SBB.T), (“Sabina” or the “Company”) is pleased to announce continued strong gold intersections from the Nuvuyak discovery at its 100% owned Back River gold project (“Back River” or the “Project”) in Nunavut Canada.
Drilling results continue to demonstrate that Nuvuyak has the potential to be a significant new discovery at Back River within the foot print of the currently planned mine infrastructure. The Nuvuyak discovery with drill hole, 18GSE545 which returned 11.58 g/t over 39.50m (see press release August 20, 2018) and 18GSE558 which returned 16.39 g/t over 13.20 meters, (see press release October 22, 2018) is now informed by sectional drilling results from two wedge cuts, 18GSE558W1, and W2 and an overcut with drill hole 18GSE556C.
Results confirm the strength of the gold system and importantly, clearly define an anticlinal and structurally thickened oxide iron formation sequence that is of the type preferential for development of large tonnage deposits at Back River. See figure 2 below.
Table 1. Highlighted results from drill holes 18GSE558W1 and 18GSE558W2
| Hole Id | Area | Azi/Dip | Easting UTM |
Northing UTM | Depth | From (m) |
To (m) |
Length (m) |
Au (g/t) | Lithology |
| 18GSE558W1 | NUV | 223/-74 | 433539 | 7269637 | 848.00 | 731.80 | 744.50 | 12.70 | 5.89 | Iron Formation |
| incl. | 740.40 | 744.50 | 4.10 | 14.83 | Iron Formation | |||||
| 748.45 | 752.65 | 4.20 | 7.45 | Iron Formation | ||||||
| incl. | 748.45 | 749.40 | 0.95 | 26.44 | Iron Formation | |||||
| 18GSE558W2 | NUV | 223/-74 | 433539 | 7269637 | 791.00 | 703.65 | 738.25 | 34.60 | 5.81 | Iron Formation |
| incl. | 705.55 | 707.35 | 1.80 | 40.98 | Iron Formation | |||||
| and | 718.30 | 719.05 | 0.75 | 10.18 | Iron Formation | |||||
| and | 726.20 | 728.85 | 2.65 | 11.39 | Iron Formation | |||||
| and | 734.60 | 735.40 | 0.80 | 17.12 | Iron Formation |
Bruce McLeod, President and CEO stated “The Nuvuyak discovery continues to hold all the geologic attributes that we see in our large tonnage deposits at Back River. The potential for upside at Nuvuyak is significant in that it is open in all directions within a gold structure or corridor that we believe is multi kilometers in strike. We are excited about this evolving exploration success story and I look forward to the future advancement of this discovery as we continue to evaluate results and advance the geologic model. Our recent exploration success at Umwelt Vault, Llama Extension and now Nuvuyak clearly demonstrate that Back River is emerging as a world class gold district.”
Technical Information
Drill holes 18GSE558W1 (Wedge1) and 18GSE558W2 (Wedge2) are wedge holes, which started at between 305m and 356m deep in the parent hole 18GSE558 (Parent). Much like its’ parent, Wedge1 intersected the interpreted limbs of the antiform, and achieved a 25m down plunge separation from the Parent. Drill intercepts include 5.89 g/t Au over 12.70m including 14.83 g/t Au over 4.10m and 7.45 g/t over 4.20m in the East Limb, and 41.56 g/t Au over 1.30m in the West Limb. Wedge2 achieved a much higher separation of 55m which allowed for a cut through the nose of the Lower Iron Formation, and intercepts of 5.81 g/t Au over 34.60m including 40.98 g/t Au over 1.80m and 11.39 g/t Au over 2.65m. Intersections for both Wedge 1 and 2 are approximately 65m southeast of the Discovery intercept in 18GSE545 and thus are up-plunge of it.
18GSE556C lifted higher than intended and drilled above the intended target, crossing intermittent iron formation and argillite along the top of the Lower Iron Formation antiformal structure, an intersection approximately 100m above and 35m down plunge of Discovery hole 18GSE545. Gold intercepts in this overcut include 4.14g/t Au over 2.10m and 4.39 g/t Au over 4.30m.
Additional drill hole results from a down plunge portion of the Nuvuyak structure are pending assays and will be released along with results from addition project target areas before year end.
Read More: http://www.sabinagoldsilver.com/news/sabina-gold-and-silver-expands-the-nuvuyak-discovery
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