Sabina Gold back river

A Far North Junior

Do you want to know about Sabina Gold back river? Most junior mining companies are doing the best they can just to stay alive these day. A lot of them have little in the way of valued or proved up properties while others have found properties of merrit and are well on their way to become mid tier producers. Today we are going to take a quick look at one of those such companies. Sabina Gold & Silver SBB is a junior that owns a huge gold find in the high arctic of Canada. The 100%-owned Back River Gold Project, a series of gold deposits in banded iron formation, is located in southwestern Nunavut, Canada, approximately 520 km northeast of Yellowknife, NWT; 50 km southeast of Xstrata Zinc Canada's Hackett River Silver-Zinc Project; and 75 km southwest of Bathurst Inlet.

Back River Gold Project consists of seven properties totaling approx. 120,000 acres that host known or observed gold mineralization in banded iron formations. Only two of these properties have been the focus of exploration and resource development to date. Each site has four minable deposits, with the majority of the mineral resources and mineral reserves located at the Goose site. The project is based on conventional open-pit and underground mining operations that feed a 6,000-tonne-per-day whole-ore leach process plant located at Goose, which could produce an average of approximately 346,000 ounces of gold per year as dore bullion over a 10-year mine life with the majority of reserves being mined by open pit. The current mineral estimate consists of a Measured Mineral Resource of 10.4 million tonnes grading 5.2 g/t for a contained 1,761,000 ounces Au, an Indicated Mineral Resource of 17.9 million tonnes grading 6.1 g/t for a contained 3,536,000 ounces Au and an Inferred Mineral Resource of 8.2 million tonnes grading 7.3 g/t for a contained 1,927,000 ounces Au.

Know More About Sabina Gold

In it's latest new release the company said the proposed gold mining project has the potential to produce billions of dollars worth of gold. An open pit gold mine could have a life span of 10 years. The company says it expects to recover 3.4 million ounces of gold in that time. Based on a gold price of $1,200 per ounce, those numbers could produce net revenues of over $4 billion during the life of the project.

abina Gold

The company has just around 200 million shares O/S with a 52 week high of 94 cents and a low of 28 cents.

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