Sabina Gold & Silver Announces 'Significant Surface Discovery'

Sabina Gold & Silver Corp. (TSX:SBB) announced grab sample assay results from its Nunavut-based Back River gold project, commenting that they “have identified a new near-surface high priority banded iron formation … drill target at the Goose property.”
The press release also states:

Rock sample assays at the now established Kogoyok target are encouraging, highlighted by the discovery of a new series of mineralized occurrences where grab samples have returned gold values including 33.86g/t, 28.10g/t and 18.23g/t. Further gold assays associated with the Kogoyok target partially define approximately 650 meters of significantly gold-mineralized iron formation stratigraphy.

Bruce McLeod, president and CEO of Sabina, commented:

The discovery of this new zone of outcropping mineralization is likely the most significant surface discovery on the project since the early days of prospecting in the 80’s. Kogoyok is within 2km of the proposed plant site at Goose and shares the same geological characteristics as the other major known deposits in the Back River District. While still early days, Kogoyok presents one of the many targets in the Back River district drill ready for future field campaigns. Its discovery strongly validates our current exploration strategy and targeting methodology. The identification of new shallow mineral occurrences at the Goose Property speaks to the tremendous gold endowment of the project area and Sabina’s continued ability to add value through successful exploration advancements focused on future resource additions.

Click here to read the full Sabina Gold & Silver Corp. (TSX:SBB) press release.