Was haltet Ihr von Sabina?
Corporate Profile
SABINA SILVER CORPORATION (SBB:TSX-V) is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District, and several projects in the Red Lake gold camp. Sabina Silver Corporation is fully financed with over C$15 million in working capital made up of over C$6 million in cash and approximately C$9 million in shares of Wolfden Resources Inc.
Sabina has a 100% interest in the polymetallic Hackett River Project that contains a NI 43-101-compliant Indicated Resource in excess of 154 million ounces of silver, 1.8 million tons zinc, 137,000 tons copper, 256,000 tons lead and 448,000 ounces gold. The magnitude of the silver resource alone at Hackett River ranks Sabina Silver Corporation amongthe top 12 silver-focused companies operating in the Western Hemisphere. As a result of Hackett River, Sabina’s silver resource endowment (oz) per $US dollar of fully diluted market capitalization is presently over five times the silver sector average giving the Company great leverage in the silver sector. The Company also awaits the 2005 43-101 mineral resource update from Hackett River based on 10,000 m of additional drilling in Q4-2005.
The Hackett River Belt has the potential to become a unique new silver-rich VMS camp in Canada and a company maker. There are two other as-yet-underexplored resource areas on the Property and the future exploration potential for additional precious metal and base metal resources on the Hackett River Project is considered high.
Sabina recently acquired the Del Norte Silver-Gold Property in the Stewart-Eskay Creek mining district (announced October 3-05). The Eskay Creek-style geological environment and results to date at the Del Norte Project indicate a fertile opportunity to add shareholder value in BC.
Sabina also retains an interest in four promising gold projects in the Red Lake mining district. A fifth property, the Follansbee was the site of a gold discovery by Sabina, announced February 14, 2005. Sabina’s interest in the Follansbee was recently sold to its joint venture partner, Wolfden Resources Inc. for $2 million in cash and 4 million Wolfden shares and rights to a 1% NSR on the Bonanza deposit. The deal in essence refinanced Sabina without additional shareholder dilution and maintained exposure to what may become the next producer in the Red Lake Mining District.
Sabina Silver Corporation is positioned for growth. The Company’s objective is the addition of shareholder value through prudent financial management and acquisition with active exploration of the various projects and development to production.