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Reuters reports that Sabina Gold & Silver Corp (TSE:SBB) reports that the company has begun the first phase of the C$1.09 million drilling program at the Newman-Madsen property in Ontario, sending its shares up 6 percent.
Reuters reports that Sabina Gold & Silver Corp (TSX:SBB) reports that the company has begun the first phase of the C$1.09 million drilling program at the Newman-Madsen property in Ontario, sending its shares up 6 percent.
The news is quoted as saying:
The project, located in close proximity to the Madsen Mine, which has historically produced 2.4 million ounces of gold, will likely help Sabina continue its exploration activities through the winter shutdown at its Nunavut projects.