Sabina Gold & Silver Submits Draft Back River Environmental Impact Statement
23 Janvier 2014 - 5:08PM
Marketwired
Sabina Gold & Silver Submits Draft Back River Environmental
Impact Statement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 23, 2014) -
Sabina Gold & Silver Corp. ("Sabina" or the "Company")
(TSX:SBB) is pleased to announce the submission of the Draft
Environmental Impact Statement ("DEIS") and associated Water
License Applications for the Back River Gold Project (the
"Project") to the Nunavut Impact Review Board ("NIRB") and the
Nunavut Water Board ("NWB") respectively.
"Submission of the
Draft Environmental Impact Statement is a major milestone in the
permitting process and environmental assessment of the Back River
Gold Project," said Rob Pease, President & CEO. "The DEIS
demonstrates how the Project could bring responsible sustainable
development to the region, including training, jobs, creation of
business opportunities as well as associated royalty payments. We
are committed to developing Back River in an environmentally
responsible manner that will ultimately create a win/win for all
stakeholders. We 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, and look
forward to receiving feedback on the proposed project."
The DEIS represents
the culmination of over five years of scientific studies Inuit
traditional knowledge contributions from community members of the
West Kitikmeot Region and has been prepared in concordance with the
NIRB Guidelines for the Preparation of a DEIS for the Back River
Gold Project.
The Back River DEIS
presents scientific and community based knowledge that determined
key aspects of the natural and socio-economic environments in the
region. Project interactions were identified; residual effects
assessed and proposed mitigation and monitoring plans developed for
the construction, operation and closure of the Project.
The Project
currently envisions a 5,000 tonne per day operation producing
approximately 300,000 ounces of gold per year for approximately 10
years. Operations would include mines at the Goose and George
properties, a central processing facility and mill at Goose, a
marine laydown area to receive supplies and fuel by ocean transport
in southern Bathurst Inlet and winter roads connecting the three
sites.
The Goose property
consists of several mineral deposits. The Goose Main and Llama
deposits are planned as open pit operations with Umwelt being mined
initially as open pit and transitioning into underground. The
George property, approximately 60 kilometers to the north of Goose,
hosts other open pit and underground deposits envisioned as
satellite ore bodies with mined ore trucked to the central
processing facility at the Goose property.
Copies of the DEIS
will be filed with relevant regulatory authorities, Inuit groups,
communities and other interested parties over the next month. The
NIRB and NWB will review the DEIS for conformity with the results
to be completed mid-February. Following a successful conformity
decision, reviewers may participate in the information request and
technical review phases of the process which will take up much of
2014. The date of a Final Environmental Impact Statement will be
determined at the end of the technical review phase.
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
Sabina Gold & Silver Corp.Nicole HoellerVice-President,
Communications1 888 648-4218nhoeller@sabinagoldsilver.comSabina
Gold & Silver Corp.Rob PeasePresident & CEO604- 998-4175604
998-1051www.sabinagoldsilver.om
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