“Robust” results from Sabina’s summer exploration at Nunavut gold property
Sabina plans open houses in Yellowknife, CamBay and Kugluktuk
Sabina Gold and Silver Corp. wants to share the positive results of its 2012 exploration program at its Back River site in the Kitikmeot region.
That’s why the company plans to hold open houses in Yellowknife Nov. 16, in Cambridge Bay Nov. 19, and in Kugluktuk Nov. 20, which will offer an update about the gold mine project, estimated to be capable of producing 300,000 to 400,000 ounces of gold a year.
“Our 2012 results have confirmed the robust nature of the iron formation-hosted deposits at Back River,” said Rob Pease, the company’s chief executive officer and president, in a Nov. 15 news release.
“Year over year we continue to extend mineralization to depth and along strike, all the while adding ounces and finding new targets that warrant follow-up,” he said.
Identifying potential new discoveries was an objective for Sabina’s 2012 Back River exploration program. The company said Nov. 15 that it will be back to look more closely at these promising sites in 2013.
Sabina also has other plans to talk about during its open houses.
These include plans for a marine lay down area in Bathurst Inlet for its future gold mine, 150 km south of Bathurst Inlet.
That was once the proposed location for the Bathurst Road and Port Project, which Sabina bought from the Kitikmeot Corp. and other Inuit-owned firms in late 2011.
Sabina’s traffic at the port would include five to 10 ships per year during construction and three to five ships per year during operations.
The loading and unloading facilities would include a dock, jetty, moorings, and buoys. On-land infrastructure would include a 55-million-litre fuel tank farm for bulk diesel storage at site, a 100-person camp and an airstrip.
Back River would take two years to build, operate for 10 to 15 years, and then take five years to close down. The mine would hire 1,600 workers during the construction phase and 900 during the mine’s operations.
The mine would include open-pit and underground mines.
In September, the Nunavut Impact Review Board recommended the Back River project undergo a complete environmental review.