Phase 1 consisted of four holes totalling 3,183m of drilling to test the north eastern extension of the Madsen Mine stratigraphy at levels significantly deeper than explored earlier.
The firm has intersected the targeted stratigraphy and delineated an area of hydrothermal alteration containing significant gold values including a high-grade intercept of 43.51g/t over 0.65m.
The intercept will demonstrate the Newman-Madsen property’s potential to host significant mineralization consistent with the recognized horizons hosting the Madsen Mine.
As a part of ongoing interpretations and follow up exploration, further anomalous and significant gold assays were also returned from a series of quartz-feldspar porphyry intrusive.
Phase I mapping and core re-logging has increased the geologic confidence within the property while further defining exploration targets.
Sabina president and CEO Tony Walsh said that the Phase 1 drilling has encouraged the company to continue drilling on the property and the company looks forward to testing the high priority targets identified during the Phase 1 campaign.
Phase II exploration of the Neman-Madsen property has begun with diamond drill testing of a diverse group of high priority targets.
Newman-Madsen is an early stage exploration project of Sabina and is held in a 50/50 joint venture with Premier Gold Mines with Sabina as the operator.
