We are pleased to announce an increase in the overall Mineral Resources in Sabina’s 100%-owned Back River Gold Project. This updated estimate is based on 2013 drilling and geologic modelling results.
Highlights of the new Mineral Resource estimate include:
- Increase in Measured Au ounces from 304,000 ounces at 4.4 g/t Au and 2,168 kt to 1,714,000 ounces at 5.2 g/t Au and 10,210 kt for open pit and 47,000 ounces at 6.1 g/t Au and 236 kt for underground
- Increase in total contained Au ounces of 735,000 in the Measured and Indicated Resource categories and 48,000 in the Inferred Resource category
- Significant open pit Measured plus Indicated Mineral Resource of 3,415,000 ounces at 5.0 g/t Au and 21,066 kt
- Underground Measured plus Indicated Mineral Resource of 1,881,000 ounces at 8.0 g/t Au and 7,288 kt
A NI 43-101 Technical Report on the updated Mineral Resource estimate for the Back River Project is underway and will be filed within 45 days of today’s news release in accordance with applicable securities laws. The new Mineral Reserve and economics for the Project are yet to be estimated and will be incorporated into the Feasibility Study. The updated Mineral Resource estimate information was not included in the Project’s pre-feasibility study, released last fall.
For more detailed information, please read the news release.