Drilling Has Commenced At The Back River Gold Project

VANCOUVER, BC - Sabina Gold & Silver Corp reported that the Goose Site has been successfully opened and crews are drilling at the Goose Property on its 100%-owned Back River gold project in Nunavut, Canada. Drilling has commenced on an approximate 8,000 meter spring drill program at the Goose Property. Work will focus on key areas of resource optimization in high grade zones at Llama and Umwelt underground and continued scoping of the newly discovered Nuvuyak zone.

“In 2018 we continued to be successful in demonstrating the potential for new discovery and possible high impact additions to future mine reserves at the Goose project,” said Bruce McLeod, President and CEO. “Early indications point to the strong possibility of a significant new resource at Nuvuyak while drilling at the Llama extension zone shows the potential to greatly expand the concept of a future Llama underground which is not currently included in our initial development plan. It is our belief that we can continue to demonstrate the potential for future mine reserve growth by aggressively exploring along our better-known gold trends as well as the newly emerging gold trends we have been uncovering. We believe that the Goose Property presents considerable opportunity to become a very productive northern gold mine. The Goose Property makes up 8km of the 80km Back River District, 100% owned by Sabina.”

Drilling in 2018 resulted in the discovery of a new large-scale gold zone named “Nuvuyak”, highlighted by discovery hole 18GSE545 which returned 11.58 g/t over 39.50 m (See news release August 20, 2018). To date the Nuvuyak target has been tested over an approximate strike length of 200 meters. The target shows strong internal gold endowment and geologic similarities to other gold deposits including Llama, Umwelt and Goose Main. The Nuvuyak discovery remains open and untested in all directions. Drilling in 2019 will focus on continued scoping of size and grade continuity with step-outs, up and down plunge of the 2018 drilling.

The Llama extension zone has now been drilled over 500 m down plunge of the currently defined Llama underground resource. Multiple high-grade intercepts, including drill hole 17GSE516B which returned 9.48 g/t Au over 38.55 m and drill hole 18GSE530 which returned 15.67 g/t Au over 23.25 m highlight the potential for high-grade mineral zones within the broader >500 m extension target area. Two initial drill holes have been planned to first, test the continuity of the gold structure and second, advance our understanding of the gold potential in the high value gold zones.

Drilling in 2019 will continue to test the continuity of higher than average grade potential in the Umwelt underground area known as the “Vault” zone. Initial drill testing will commence with one hole, located approximately 150 meters north (or up-plunge) of the Vault zone, in an area that shows potential for thickened iron formation with higher gold grades. Additional areas will continue to be targeted based on the success of initial drilling results with the objective of better defining opportunities for resource optimization.

The company’s address is 555 Burrard Street, Vancouver, BC V7X 1M7, (604) 998-4175, www.sabinagoldsilver.com.