Sabina Drilling Continues to Demonstrate Confidence at Back River Project, Nunavut Conversion Hole 12GRL080 at Lone Cow Pond at George Returns 16.54g/t Over 25.45mUmwelt Hole 12GSE242 Returns 6.36 g/t Au Over 28.50m in G2 ZoneLlama Hole 12GSE239 Retu
Sabina Gold & Silver Corp.
Conversion Hole 12GRL080 at Lone Cow Pond at George Returns 16.54g/t Over 25.45m
Umwelt Hole 12GSE242 Returns 6.36 g/t Au Over 28.50m in G2 Zone
Llama Hole 12GSE239 Returns 6.90g/t Au Over 8m Extending Llama to the South
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/18/12 -- Sabina Gold & Silver Corp (TSX: SBB) is pleased to announce more assay results from holes drilled at its Goose and George properties as part of the 2012 exploration program at its 100% owned Back River Gold Project in Nunavut, Canada.
Conversion and extension work at Back River continues to return encouraging results.
Goose Drilling
In particular, at Umwelt, hole 12GSE242 a planned resource conversion hole targeting the G2 zone, returned 6.36 g/t Au over 28.50m (including 42.08 g/t Au over.7m). The hole encountered the same strong mineralization seen in adjacent drill holes, confirming the robust nature of the G2 Zone. In 2012, drilling has successfully extended Umwelt mineralization a further 400m south of last year's drilling, to a vertical depth of 800 metres.
At Llama, hole 12GSE239 (partially reported on October 1, 2012), intersected the deep extension of Llama at a vertical depth 490m. The hole returned 6.90 g/t Au over 8m, and confirms that the Llama mineralization extends at least 400m south of the previous drilling. 12GSE239 is the southernmost drill hole at Llama to date.
Both Umwelt and Llama are still open along strike and to depth.
"Although our camps have closed for the 2012 season and our drilling is complete, assays still continue to be returned and continue to demonstrate confidence in our deposits at Back River," said Rob Pease, President & CEO. "We look forward to assimilating the results of this year's campaign into our work plans for next year, and anticipate a new resource calculation early in 2013," he said.
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