The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
SBB.V: TSX-V
President and CEO: Anthony P. Walsh
Lead Director: Roy E. Wilkes
Exploration Manager: John F. Whitton
Sabina Silver, an explorer in Canada since 2001, is a Canadian precious metals exploration Company with a portfolio of several different properties in Canada at different stages of development.
The company's flagship projects are currently located in Nunavut.
These Nunavut assets, which are geographically proximal to each other, consist of the Hackett River silver-zinc project, one of the world's largest undeveloped good-grade "open-pit-able" silver deposits (260 million-plus ounces, plus significant amounts of zinc, copper, lead and gold), and the George and Goose Lake Gold deposits, which also contain the Wishbone claims, a 3,000-square-kilometer, or 1,158-square-mile greenstone belt that includes Hackett River as well as many other base and precious metals targets.
Sabina recently completed acquisition of the Back River and Wishbone gold projects in Nunavut from Dundee Precious Metals Ltd. Back River has a resource of 2.3 million ounces of 10-plus grams per metric ton gold near the Hackett River project and needs another 500,000 ounces for economic recovery, while Wishbone offers additional upside potential.
Sabina also has exploration properties in the Red Lake gold camp in Ontario and the Del Norte silver-gold project in the Stewart-Eskay Creek mining district, in British Columbia.
Sabina sought to advance the development of the Hackett River project in 2009 by completing a focused exploration program on new near-surface targets as well as testing priority targets in an effort to identify higher-value mineralization containing copper and precious metals.
Cash and short-term investments: C$38.3 million (at June 30, 2009)
Working capital: C$22 million (gross proceeds from recent financial offerings)
Market capitalization: C$87.75 million
930 W. 1st St., Suite 202, N.
Vancouver, BC
Canada V7P 3N4
Tel: 604-998-4175
Fax: 604-998-1051
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