Sabina Gold and Silver Highest Grade Undeveloped Open Pits for The Gold Belt
President and CEO of Sabina Gold and Silver, Bruce McLeod talks about the company’s project
We’re a gold development exploration Company. Today our resource is 5.2 million ounces measured and indicated at over 6 grams gold. An extra 2 million ounces in inferred. We’re located in the territory of Nunavut Canada; it is a prolific gold belt.
We have put a feasibility study out on the Back River gold belt. The challenge has always been the infrastructure. Challenge is for getting equipment and getting people in and out. Consequently, that’s why we’ve been focusing so much on this infrastructure improvement program.
We have relied almost only on air support for the project. Besides, Our first sea lift will be upcoming next month. Whereas we’ll be able to bring all our product to the project via Winter Road. Sabina’s ’ competitive advantage is size, we’re over 7 million ounces in all categories. It’s grade, these are the highest grade undeveloped open pits in the world, over half a million ounces. We’ve got a team that this isn’t the first time. They’ve built and executed in challenging and remote locations.
Moreover, you know, we work in an excellent jurisdiction in Nunavut. In long-established mining history, it’s a long permitting timeline. We’ve navigated our way through that. Finally, this is a hundred per cent owned by Sabina. So it is a unique opportunity and a unique asset class in a fantastic jurisdiction.” – Bruce McLeod, President & CEO of Sabina Gold and Silver
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