Sabina Gold & Silver Mobilizes for Drilling at Back River

Sabina Gold & Silver Corp. (TSX:SBB) announced that it’s mobilized crews to the Goose camp in preparation for a spring 2016 field program at is Nunavut-based Back River gold project.
As quoted in the press release:

The spring drilling program will be completed using two drill rigs and will test three targets at the Goose Property: Kogoyok, Hivogani and Convergence.
The objective of the spring drilling program is not solely to add ounces to the already significant resource and reserve base at Back River, but to focus on assessing new discoveries and targets at Goose for their potential to enhance the already positive economics at the proposed mine.

Bruce McLeod, president and CEO of Sabina, commented:

Over the last several years we have re-focused on advancing our exploration modeling and vectoring for when the time is right to create the best value from exploration drilling. Using over 30 years of historic data, we have developed robust targeting concepts which we believe will start to pay dividends on district scale discovery. We have over 50 targets identified within our 100% controlled 80km of prospective iron formation stratigraphy.
This work enabled us to vector in on two new discoveries last year, one of them, Hivogani, a new style of mineralization outside of the iron formation and Kogoyok, an outcropping iron formation zone approximately 1,500 meters from the proposed Goose mill, ” he added “Kogoyok is particularly interesting. While the Back River feasibility study returned robust economics using $1,150 US/oz Au, finding another source of high grade open pit feed could defer underground development and thus enhance the economics of the Project. We are excited to test these targets and to continue to identify other targets that have the potential to sustain the Project for many decades.

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