Project Pre-development Activities
Despite a late start due to COVID, 2020 was a productive year at Goose Camp as the Company continued to advance its exploration and project pre-development activities.
Under a COVID strict operational framework which required pre-deployment monitoring, pre-deployment
Pre-construction activities that were progressed at Goose Camp this year include:
- Extension of the existing all-weather airstrip from 3,000 to 4,500 feet to facilitate the use of large capacity cargo and transport aircraft to support underground development and future operations;
- 220 flights hauling fuel, equipment, supplies and personnel completed safely during the year;
- The procurement and transport of underground equipment required for 2021 to collar and advance the exploration decline;
- Completion of the box cut excavation for the future underground exploration ramp, in preparation for collaring of the decline in spring 2021;
- Completion of the underground equipment workshop pad and major earthworks for the underground water settling pond;
- Considerable advancement made on preparation of the permanent fuel tank pad; and
- Construction of approximately 4 km of all-weather roads connecting the exploration camp, the underground portal workshop/collar area, the underground water settling pond, the fuel tank pads and the permanent accommodation camp complex area.
“These pre-development activities put us in an ideal position to move the Project forward next spring,” said
GDXJ Index Inclusion
Sabina is pleased to announce that effective at market close on
Qualifying for addition to the GDXJ is another benchmark of how Sabina’s successes have translated into share performance and liquidity. Inclusion on this index provides an increased level of validation of the Company to a broader base of institutional investors, bringing additional trading flexibility and value to our Company.
The index initial position in Sabina is estimated at approximately 17M shares.
Sabina released a Feasibility Study on its 100% owned
The Project received its final Project Certificate on
In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s
For further information please contact:
nhoeller@sabinagoldsilver.com
Forward Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws (the “forward-looking statements”), including our belief as to the extent, results and timing of and various studies relating to engineering studies, infrastructure improvement activities, exploration results and permitting and licensing outcomes. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources and reserves; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers or directors; the absence of dividends; currency fluctuations; labour disputes; competition; dilution; the volatility of the our common share price and volume; future sales of shares by existing shareholders; and other risks and uncertainties, including those relating to the
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Source:
2020 GlobeNewswire, Inc., source