Sabina Gold & Silver Receives Draft Back River Environmental Impact Statement Conformity-Technical Review Begins
12 Febrero 2014 - 1:47PM
Marketwired
Sabina Gold & Silver Receives Draft Back River Environmental
Impact Statement Conformity-Technical Review Begins
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 12, 2014) -
Sabina Gold & Silver Corp. ("Sabina" or the "Company")
(TSX:SBB) is pleased to announce that it has received notice from
the Nunavut Impact Review Board ("NIRB") that the Back River Draft
Environmental Impact Statement ("DEIS") conforms with the
environmental assessment guidelines and that the technical review
process has begun.
On January 22, 2014, the Company announced it had filed its DEIS
and associated water licence applications with NIRB and the Nunavut
Water Board ("NWB") respectively to commence the environmental
assessment process on the Back River Gold Project (the "Project").
At Sabina's request, the Boards have implemented a coordinated
review process and as such have consulted regarding various
sections of the DEIS conformity check.
The technical review process is meant to provide a detailed
review of the document with the intent of analyzing the quality of
the information presented on the potential effects of the project.
The detailed review of the DEIS will be undertaken by various
regulatory and government agencies, Inuit stakeholders and other
interested parties.
The various steps in the technical review process involve
receiving comments and questions from all parties, communities and
constituents, responding with clarification, and developing
processes to address concerns and requirements for inclusion in the
Final Environmental Impact Statement ("FEIS"). The technical review
period should be completed and technical meetings commenced
sometime in the second half of 2014.
"Our team has worked very hard to ensure conformity for our DEIS
submission," said Rob Pease, President & CEO "It is an arduous
yet critical component of the process. The technical review process
will enable us to determine the level of additional engineering and
environmental work we need to complete the FEIS. We are committed
to developing Back River in an environmentally responsible manner
and look forward to continuing to engage with our Inuit partners,
various levels of government and other stakeholders as we move
through the environmental assessment process."
Current Work Plans
Sabina is currently working on a new resource estimate for Back
River which will include all drilling done in 2013 and is expected
to be announced before the end of February 2014.
Ongoing optimization studies are also underway to support the
feasibility, including metallurgical testing, mining method
optimizations and other trade off studies. These studies are
anticipated to be completed by the end of the first quarter, at
which time, Sabina will determine work programs for 2014.
SABINA GOLD & SILVER CORP
Sabina is an emerging gold developer with district scale, world
class assets in one of the world's newest, most politically stable
mining jurisdictions: Nunavut, Canada.
Sabina's primary assets, all located in Nunavut, consist of: the
Back River Gold Project, currently in the pre-feasibility and
permitting phase; the Wishbone Claims, a vastly prospective grass
roots project; and the Hackett River Silver Royalty, a silver
production royalty on Glencore's Hackett River project comprising
22.5% of the first 190 million ounces produced and 12.5% of all the
silver produced thereafter.
Forward-Looking Information
Statements relating to mineral resources and future operations
at the Hackett River Project, and the expected results of work
being carried out on such projects are forward-looking information
within the meaning of securities legislation of certain Provinces
in Canada. Forward looking information are statements that are not
historical facts and are generally, but not always, identified by
the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," 'projects," "potential" and similar expressions, or
that events or conditions "will," "would," "may," "could" or
"should" occur. Information inferred from the interpretation of
drilling results, including mineral resource estimates, may also be
deemed to be forward looking information, as they constitute a
prediction of what might be found to be present when and if a
project is actually developed. This forward-looking information is
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the forward-looking information, including, without limitation:
risks related to fluctuations in metal prices; uncertainties
related to raising sufficient financing to fund the planned work in
a timely manner and on acceptable terms; changes in planned work
resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and
realize the perceived potential of the Company's properties; risk
of accidents, equipment breakdowns and labour disputes or other
unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in the work program; the
risk of environmental contamination or damage resulting from
Sabina's operations and other risks and uncertainties, including
those described in Sabina's Annual Information Form for the year
ended December 31, 2012.
Forward-looking information is based on the beliefs, estimates
and opinions of Sabina's management on the date the statements are
made. Sabina undertakes no obligation to update this
forward-looking information should management's beliefs, estimates
or opinions, or other factors, should change.
This news release has been authorized by the undersigned on
behalf of Sabina Gold & Silver Corp.
Rob
Pease, President & CEO |
930 West
1st Street, Suite 202 |
North
Vancouver, BC V7P 3N4 |
Tel
604 998-4175 |
Fax
604 998-1051 |
http://www.sabinagoldsilver.com |
Sabina Gold & Silver Corp.Nicole HoellerVice-President,
Communications1 888
648-4218nhoeller@sabinagoldsilver.comwww.sabinagoldsilver.com
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