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Plus Many Million Ounce Resource Potential
(1) Copperstone Zone = 1 million au oz potential
(2) Footwall Zone: 150m from the Copperstone Zone
(3) Deep South & South Pit : Intercepts of +8 g/t
(4) South-West Targets Has same geophysical signature as Copperstone zone and intercepts of 8 to 32 g/t = 1 million au oz potential & is as large as the Copperstone mine
(5) Blue Pearl Targets Three Targets of same geophysical signature and size as Copperstone orebody
= 3 million au oz potential
Several Advanced High Priority Exploration Targets having plus million-ounce potential have yet to be drill tested
https://www.sabre.gold/sabre-gold/Sabre_Gold_Mines_Corp_Presentation_January_2022.pdf
This adds up to a very conservative
= 5 million high grade au oz potential
"... The four areas are the Southwest Target and Blue Pearl Targets 1, 2 and 3. Not only are the Blue Pearl Targets similar in magnetic signature to Copperstone, they are also similar to the Southwest Target which has had successful drill results in the past.
The additional permitted land is necessary to allow the Company to explore the Blue Pearl areas. Blue Pearl 1 and a portion of Blue Pearl 2 are located on State Sections 6 and 7 in Township 6N, Range 19W of La Paz County in Arizona.
"The addition of the area covering the new exploration targets enhances an entirely new dimension to the strategy of fully realizing the potential of the Copperstone Project. The Copperstone Zone, the Southwest Target and Footwall Target are the short to medium term aspects of the Copperstone Project and soon, with the addition of the Blue Pearl targets, we have a longer term avenue of value creation,"..."
https://www.newswire.ca/news-releases/kerr-mines-announces-new-exploration-targets-at-copperstone-project-651228623.html
You do the math 5 million au oz x $1,800 gold price = $9,000,000,000 - $5,000,000,000 costs
Profit = $4,000,000,000
that's $4 trillion usd
Now we know why Eric Sprott
is there number 1 investor and
why he has not dumped his
Sabre Gold Mines shares...
« … SABRE GOLD DRILLS 4.6 METERS AT 26.9 G/T GOLD
March 1, 2022
Vancouver, British Columbia, Canada – March 1, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce continued positive underground drilling results at its 100% owned Copperstone gold project located in Arizona, United States.
Mike Maslowski, Vice President of Technical Services and Exploration of Sabre Gold stated: “We have now received further assays which continue to show better than expected continuity of the mineralized shear zone with extremely positive grades that will prove helpful as we moved to mine design and scheduling”
Drilling Highlights Include:
RC P6F58 4.6 m at 26.9 g/t including 3.0 m at 38.5 g/t
RC P2E93 6.0 m at 15.5 g/t including 3.0 m at 26.5 g/t
RC P2C26 3.0 m at 19.7 g/t
RC P2A06 3.0 m at 18.6 g/t
RC P2C34 3.0 m at 19.7 g/t
RC P2C29 3.0 m at 15.0 g/t
Assay results for the underground reverse circulation (“RC”) drill program have been received on 67 out of the 83 RC holes sampled and submitted with further assays results pending.
Holes were drilled from eight drill stations targeting the D zone and two stations targeting the C Zone. Complete results have been received on two stations for the Zone D and partial results on the remainder. The results continue to show good strike and dip continuity of the zones thickness and gold grade. As anticipated, local high-grade intercepts ranging from 10.0 g/t to 30.0 g/t gold have been returned from various holes across the drill fans. Drill station location and drill cross sections showing the drill holes follow in this release.
https://www.sabre.gold/sabre-gold-drills-4-6-meters-at-26-9-g-t-gold/
am seeing better news------like 26 gr in 1 metre at copperstone----thats like $1500.00 right there....just needs to be melted down
POS - Biggest mistake I have made in stocks. Down 80% while holding for over four years. Stray away from this stock. Absolute worthless company.
yukon mining engineer claims false accusation
those investor conferences were a waste of time and money---the drunks got free booze
"... Yukon Government stands by former mine engineer in slander suit defence
The suit was launched by a mining firm executive who claims Paul Christman defamed her at conference..."
"... Yukon government lawyers are endorsing former chief mine engineer Paul Christman regarding a verbal altercation between him and a mining executive that the executive alleges amounts to slander.
The government filed their statement of defence responding to a slander suit on Feb. 16. The government and Christman are both defendants.
Janet Lee Sheriff, who was CEO of Golden Predator Mining Corp at the time of the alleged slander, launched the suit in the Supreme Court of British Columbia last year...."
https://www.yukon-news.com/news/yukon-government-stands-by-former-mine-engineer-in-slander-suit-defence/
https://www.cbc.ca/news/canada/north/christman-brewery-creek-lawsuit-dismissed-1.6237456
Even when Sabre Gold Mines wins this Defamation Case and are awarded some measly sum; I doubt any Yukon government employee will want to deal with Sabre Gold Mines... or go near their Brewery Creek Mine in the Yukon....
This should have been settled out of court!
Many further delays are almost guaranteed with any of their Yukon projects....
Frustrating for everyone involved!
BTW, how is Sabre Gold Mines actually progressing if at all in the Yukon with the Brewery Creek Mine etc...?
What a LEGAL costly & time consuming mess!
"...Yukon government files defence in defamation case over alleged confrontations at Vancouver mining conference..."
https://www.cbc.ca/news/canada/north/yukon-government-golden-predator-defence-1.6363200
The Yukon government and Sabre Gold Mines have to start communicating professionally and properly and work on actually getting Brewery Creek Mines back into gold production... This feuding has gone on far too long...
This should have been easily settled out of court....
"... Sabre Gold’s two advanced projects have approximately
1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp.
website https://www.sabre.gold/sabre-gold-provides-copperstone-project-update/
2,700,000 au oz x $1,900 gold price = $5,130,000,000
$5,130,000,000 - $3,000,000,000 all in costs = $2 billion usd
"... Giulio T. Bonifacio, President and Chief Executive Officer of Sabre Gold, stated: "Sabre Gold continues to make significant progress at Copperstone in preparation of startup with progression to full production in the near term which now only remains subject to project funding. Definition drilling and results to date are continuing to show very good grade and continuity while adding further confidence to our updated geological model and our detailed mine plan. Estimated project capital for the restart of Copperstone remains in line with previous estimates as we continue to advance discussions with project lenders as well as other key stakeholders with an update on project funding to be provided in Q2-2022"
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/116358-sabre-gold-provides-copperstone-project-update.html
COPPERSTONE MINE UPDATE
In addition to the recently completed definition drilling at Copperstone, significant progress has been made with detailed mine planning, process engineering and mine-rehabilitation. These efforts are a continuation of earlier work completed to prepare the fully permitted mine for start-up and progression to full production.
A comprehensive detailed mine plan and production schedule was completed by Mine Development Associates in Reno, Nevada that defines stopes and production areas for the initial five years of mine-life. In addition, all capital and operating expenses were reviewed by way of further detailed engineering and have been incorporated into an updated discounted cashflow model. The mine plan indicates annual production of approximately 40,000 to 45,000 ounces per annum while demonstrating favorable economics which includes future expected conversion of additional resources based on the open extent nature of both the Copperstone and Footwall zones.
Due to limitations of underground development, drilling platforms and the geometry of the gold bearing shear zones Sabre intends to drill several years in advance as it advances underground development ahead of the underground mining areas. Years 5 to 13 are scheduled to produce from areas that currently have inferred resources and yet un-delineated extensions of the existing resources. The cash flow model includes the required excavation of drill platforms as operational headings advance and the associated drilling required to identify, confirm and define mineable areas. Updated capital and operating expenses were reviewed and incorporated into a discounted cashflow model.
Further engineering and refinement were completed on the processing facility that will incorporate a Whole Ore Leach process followed by Merrill-Crowe recovery and onsite refining. Plant lay-out and flowsheets with associated capital and operating cost estimates were completed. Engineering is estimated at 60% completion with flowsheets and plant lay-out complete. Concurrently, metallurgical testing is in final stages, indicating excellent gold recovery. Final metallurgical tests will provide data to confirm the equipment sizing and operating costs.
Mine rehabilitation continued with significant progress made in the majority of areas that will be mined in the first several years of mine life. Small Mines Development have been engaged and are nearing completion of 1,674 linear feet of rehabilitation that included robust ground support and enhancement of mine dewatering systems. The rehabilitation completes a series of efforts to ensure safety standards and readiness for full scale mining production.
The technical information in this news release has been reviewed and approved by Michael Maslowski, CPG, a qualified person as defined by National Instrument 43-101 and is employed by the company as its Vice President, Technical Services & Exploration...."
https://www.stockwatch.com/News/Item/Z-C!SGLD-3210987/C/SGLD
GREAT UPDATE !https://finance.yahoo.com/news/sabre-gold-provides-copperstone-project-130000560.html
just missed the rally today--- the shirts loose
marketsclosed on monday---------have a good weekend and monday
cdn natnl bk teamed up with anonymous to fake high trades
A baby stock'''''''''''''''
wanting to be one of the big ones
I've been in this for 2 years based on great drilling results. BUT WHY ARE THEY NOT DIGGING YET AND MAKING MONEY. STOCK PRICE IS LESS THAN HALF WHAT I PAID.
Bonifacio Complains about the stock price but does little to start producing money. With Ore that rich and licensed facilities on site why not start mining even in a limited way?????????
Sabre Gold Drills 3 Meters at 21.6 g/t Gold
"... Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce positive underground drilling results at its 100% owned Copperstone gold project located in Arizona, United States.
Mike Maslowski, Vice President of Technical Services and Exploration of Sabre Gold stated: “The initial assay results from our in-fill drill program, designed to provide detailed geologic information for final stope planning and design have been received. Drill results are showing very good continuity of the mineralized shear zone and gold grades while adding further confidence to our resource model and detailed mine plan.”
Drilling Highlights Include:
RC P2C33
6.0 m at 13.4 g/t including 3.0 m at 21.6 g/t
RC P2C38
4.5 m at 14.5 g/t including 3.0 m at 20.7 g/t
Core P2C04C
8.1 m at 8.5 g/t including 0.7 m at 48.8 g/t
Core P2C03C
4.6 m at 10.3 g/t including 0.8 m at 39.5 g/t
RC P2D84
12.2 m at 8.0 g/t
RC P2B17
1.5 m at 16.5 g/t
The underground core and reverse circulation (“RC”) drill programs, conducted in two phases is now completed with further assays pending. Core drilling was conducted in 2021 and previously reported. The RC drilling was conducted during the period October to December with partial assays results having been received. The RC program consisted of 85 holes for a total of 3,004 meters. The core and RC drilling targeted both the C and D Zones where the initial mining at Copperstone is scheduled to commence. Drill holes were designed to drill sections of the planned mining areas at close spacings of approximately 6.5 meters along strike and dip to provide detailed data on grade and thickness distributions. A portion of the program also included holes testing local downdip projections and local strike projections.
The RC drilling program included in-filling a large gap on the northeast down dip projection of the D Zone. Two previous holes, drilled in 2019 and spring 2021, intercepted the shear zone at low angles and encountered elevated gold grades about 40 meters down dip of where the recent drilling was targeted. Assays have been received from drill holes P2D84 and P2D46, which intercepted 12.2 m at 8.0 g/t and 4.6 m at 5.7 g/t respectively. These holes are confirming the continuity of mineralization along dip near the northeastern drilled limits of the D Zone. The current underground drill platforms in this area are at their limit to further test the down dip limits but once drill platforms can be established additional drilling will be conducted to further define the down dip extent of this zone.
Partial results have been received on two other drill fans on the D Zone located more central to the zone, Station B and Station C. The results show the drill holes are intercepting the projected shear zones near the modeled locations and are showing good structural continuity along the dip and extending the zone down dip. The assay results are confirming model gold grades and are defining grade distributions to provide details for detailed stope design and mine planning. Drill station location and drill cross sections showing the drill holes follow in this release.
Sabre is encouraged by the initial assay results from this latest round of drilling. Overall drill results from this latest round of RC drilling are correlating with the previous core drilling assays which will help confirm ore delineation and ore control methodology.
Table 1: Underground Core and RC Drilling
Drill Hole From
(meters) To
(meters) Length
Interval Au
Gram/tonne True
Thickness2
P2C31 22.9 25.9 3.0 12.3 2.2
P2C33
includes 10.7
12.2 16.7
15.2 6.0
3.0 13.4
21.6 5.8
2.8
P2C37
includes 18.3
18.3 24.3
21.3 6.0
3.0 10.1
18.0 4.0
1.9
P2C38
includes 15.2
15.2 19.7
18.2 4.5
3.0 14.5
20.7 3.2
2.3
P2C39 13.7 16.7 3.0 7.3 2.8
P2C03C
includes 17.2
18.0 21.8
18.8 4.6
0.8 10.3
39.5 3.3
0.6
P2C04C
includes 12.3
12.3 20.4
13.0 8.1
0.7 8.5
48.8 7.6
0.6
P2B15 29.0 32.0 3.0 4.8 1.3
P2D84 22.9 35.1 12.2 8.0 9.5
P2D46 22.9 27.5 4.6 5.7 4.4
P2B16 19.8 21.3 1.5 2.0 0.9
P2B17 15.2 16.8 1.5 16.5 1.2
P2B18 12.2 15.2 3.0 5.5 2.9
P2B19 12.2 16.8 4.6 3.1 4.5
P2B78 15.2 18.2 3.0 4.0 3.0
(1) Au grades herein are reported as uncapped values.
(2) Estimated perpendicular distance between footwall and hanging wall of the mineralized interval.
Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/23ca0bf3-1ba8-4e6f-82f5-f4d69c86f541
https://www.globenewswire.com/NewsRoom/AttachmentNg/59498f07-7fb7-4d7a-9bfd-e4017c437451
https://www.globenewswire.com/NewsRoom/AttachmentNg/3dc223cf-7f15-4620-8fc7-373479e191a0
The technical information in this news release has been reviewed and approved by Michael Maslowski, CPG, a qualified person as defined by National Instrument 43-101 and is employed by the company as its Vice President, Technical Services & Exploration.
Quality Assurance and Quality Control Statement
Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at an ISO Accredited assay laboratory. Drill hole samples to be assayed are securely stored for shipment, with chain of custody documentation through delivery. Mineralized commercial reference standards or blank standards are inserted approximately every 20th sample in sequence and results are assessed to ascertain acceptable limits for analytical variance. Duplicate samples will also be taken as a further check in lab precision and accuracy. All results will be analyzed for consistency and corrective actions taken, if needed.
ABOUT SABRE GOLD MINES CORP
Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers. Management intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.
Sabre Gold’s two advanced projects have approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp. website (www.sabre.gold).
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking information under Canadian securities legislation including statements regarding drill results, potential mineralization, potential expansion and upgrade of mineral resources and current expectations on future exploration and development plans. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to: the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and other risks involved in the mineral exploration and development industry. Risks and uncertainties about Sabre Gold’s business are more fully discussed in the Company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Sabre Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
For further information please contact:
Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@sabre.gold
https://www.globenewswire.com/news-release/2022/02/15/2385057/0/en/Sabre-Gold-Drills-3-Meters-at-21-6-g-t-Gold.html
DEAD MONEY ISSUE
who is trashing this mining duo
is the big selloff due to that
or is it that all miners are trading now
What a mess! I do think Former chief mine engineer Paul Christman was totally in the wrong but this should have been politely settled in 2020 and NOT dragged through the courts. He should have never very publicly and verbally abused Golden Predator CEO Janet Lee-Sheriff and her husband in 2020... & Brewery Creek's latest PEA shows that his opinions were wrong! https://www.globenewswire.com/news-release/2022/01/28/2375205/0/en/Sabre-Gold-Files-Brewery-Creek-Preliminary-Economic-Assessment.html
https://www.yukon-news.com/news/response-to-slander-lawsuit-against-former-yukon-mine-engineer-filed/
"... A lawsuit against the Yukon government alleges officials ignored an engineer's assessment of Golden Predator's Dawson-area Brewery Creek project, reducing the recommended financial security of $12 million to just $1 million.
But Golden Predator is firing back with its own legal action, claiming the engineer made defamatory statements about the company and its CEO during a mining conference in 2020.
Former chief mine engineer Paul Christman filed a statement of claim against Yukon's Department of Energy, Mines and Resources (EMR) on April 21, alleging he was professionally punished after raising concerns about the Golden Predator file. He's seeking damages for breach of employment contract, punitive damages and legal costs.
EMR spokesperson Sue Thomas declined comment on the lawsuit.
Golden Predator CEO Janet Lee-Sheriff also declined to comment on Christman's lawsuit. The company is not named as a defendant but is heavily referenced throughout the statement of claim.
Golden Predator and Lee-Sheriff, however, filed their own lawsuit with the B.C. Supreme Court on May 14, claiming that Christman, in his role as a Yukon government employee, "falsely and maliciously" made statements about them during the Vancouver Resource Investment Conference, commonly referred to as "Roundup." They're seeking damages, and for the government to launch an independent review on Christman's influence on any Golden Predator files.
Neither case has gone to trial yet...." Hmmm...!
"... Golden Predator's lawsuit offers a different view of the "incident," alleging that Christman "loudly and publicly" called Lee-Sheriff a "liar" when she stated in a presentation that her company held valid quartz mining and water licenses for Brewery Creek.
Lee-Sheriff, according to her claim, invited Christman over to Golden Predator's conference booth to address his concerns but Christman allegedly "yelled at and publicly berated" her over the water licence, and when she walked away, made "sexist and gendered statements" to Sheriff, including telling him to get his wife "under control."
On the second-last day of Roundup, Christman anonymously reported Golden Predator to the British Columbia Securities Commission, his lawsuit says; the next day, the company threatened a defamation suit against him for the "incident," and also demanded he be removed from all Golden Predator files.
The "incident" and threat of legal action led EMR to launch an investigation, according to Christman's statement of claim, with his director removing him from Golden Predator files.
Christman eventually left the department to work for the Yukon Workers' Compensation Health and Safety Board, the lawsuit says, taking a pay cut in the process. He also alleges he was the victim of a "retaliatory" complaint from the Public Service Commissioner after he started his new position.
Golden Predator and Lee-Sheriff, meanwhile, allege that Christman's conduct at Roundup damaged their reputations and while they emailed Christman inviting him to issue an apology on Jan. 22, 2020, he has yet to do so. ..."
I do think this legal mess will significantly slow Brewery Creek going into commercial gold production! How unfortunate for everyone involved... I just hope the ugly conversations in 2020 were recorded?
How is Sabre Gold Mines going to pay https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf this month... Imagine if they had to pay $12 million?
does anybody know any good clean confucios-says jokes?
Sabre Gold Mines CEO Giulio Bonifacio talks to GSN about Yukon Cash Costs, Heap Leach Extraction and SGLD Insider Buying..."
https://www.thenewswire.com/press-releases/1Be9FOxEq-sabre-gold-mines-ceo-giulio-bonifacio-talks-to-gsn-about-yukon-cash-costs-heap-leach-extraction-and-sgld-insider-buying.html
"... February 4, 2022 – TheNewswire - Sabre Gold Mines’ (TSX:SGLD) (OTC:SGLDF) CEO Giulio Bonifacio recently spoke with Global Stocks News about the Preliminary Economic Assessment (PEA) for the former Yukon gold mine Brewery Creek, targeted for a near-term re-start.
Gold prices are currently hovering around USD $1,800 an ounce, with the Bitcoin crowd declaring the yellow metal is a ‘horse and buggy’, and Goldman Sachs calling for $2,000/ounce gold in the short term.
In the west, we view gold as a hedge against currency debasement, but in the east it has a cultural and historical context.
“India is one of the largest markets for gold, and growing affluence is driving growth in demand,” stated the World Gold Council, “Gold has a central role in the country’s culture, considered a store of value, a symbol of wealth and status and a fundamental part of many rituals.”
As Bonifacio explains in the GSN interview, a $200/ounce rise in the price of gold, radically changes the economics of the Brewery Creek Mine.
Probably all the principals and insiders are spending the winter in Palm Desert, and the bucket shops are having a field day ---playing with the shares
SABRE GOLD MINES CORP. Corporate Presentation February 2022
Further delays help explain why this stock continues to plummet unfortunately....
They are only slight delays but there have been too many over the decade regarding both Copperstone & Brewery Creek...
https://www.sabre.gold/sabre-gold/Sabre_Gold_Mines_Corp_Presentation_January_2022.pdf
"...Copperstone Project Timeline
DESCRIPTION
Resource Expansion - Resource Update
H1-2021 Infill & Delineation Panel Drilling
H2-2021 Detailed Engineering & Planning
Q1-2022 Metallurgical Testwork/Engineering
Q2-2022 Plant Refurbishment/Engineering/WOL Construction
Q3-2022 Pre-Produciton Development & Mine Development
Q4-2022 Start WOL Plant/ Commence Production
Q1-2023 Commercial Production *
* Production Start and Project Timeline are Subject to Delivery of Lead Order Items, Detailed Engineering (See Slide 11) and Project Capital for restart..."
When is Copperstone actually going to produce GOLD 2023?
SABRE GOLD MINES CORP. Corporate Presentation February 2022
Further delays help explain why this stock continues to plummet unfortunately....
They are only slight delays but there have been too many over the decade regarding both Copperstone & Brewery Creek...
https://www.sabre.gold/sabre-gold/Sabre_Gold_Mines_Corp_Presentation_January_2022.pdf
"...Copperstone Project Timeline
DESCRIPTION
Resource Expansion - Resource Update
H1-2021 Infill & Delineation Panel Drilling
H2-2021 Detailed Engineering & Planning
Q1-2022 Metallurgical Testwork/Engineering
Q2-2022 Plant Refurbishment/Engineering/WOL Construction
Q3-2022 Pre-Produciton Development & Mine Development
Q4-2022 Start WOL Plant/ Commence Production
Q1-2023 Commercial Production *
* Production Start and Project Timeline are Subject to Delivery of Lead Order Items, Detailed Engineering (See Slide 11) and Project Capital for restart..."
When is Copperstone actually going to produce GOLD 2023?
What about DAWSON CITY GOLD MINE----Tourists spend money gambling at DIAMOND TOOTH GURTIES
Copperstone GOLD Mine is starting to hire in Arizona!
"... Sabre Gold Mines General Manager
Employer
Pray & Company
Location
USA, United States
Salary
Competitive
Closing date
Jan 22, 2022
Category
Management & Administration
Work Term
Permanent
Work Load
Full Time
Language
English
https://www.careermine.com/job/2035319/general-manager/
Job Description
The General Manager will be responsible for the operation of a start-up gold mining site, to include rehabilitation, construction and expansion. The successful candidate will provide the oversight necessary to successfully start up the mining operation and be responsible for safety and environmental stewardship. The successful candidate will be responsible for the operating and capital budget at the mine. The company takes a very proactive approach to safety and this role will have the opportunity to create a strong safety culture and employee engagement. Working with the executive team, the General Manager will be required to build the employee base, including those required to manage the key contracts, primarily mining. This position will be the face of the mine and will build relationships with the local community, regulatory officials, and governing bodies.
https://www.sabre.gold/
{"id":944690,"agency_id":3072,"job_type_id":9528,"job_status_id":6617,"job_category_ids":[256018],"title":"General Manager","salary":"175k/year - 225k/year","published":true,"candidate_count":36,"company_hidden":true,"company":{"id":55719025,"name":"Sabre Gold Mines Corp.","url":"https://www.sabre.gold/","hidden":false,"description":"\u003cp style=\"font-family: Arial;\"\u003eThe recently formed Sabre Gold Mines Corp. (formerly "Arizona Gold Corp") represents a business combination of Arizona Gold Corp. and Golden Predator Mining Corp.\u003c/p\u003e\u003cp style=\"font-family: Arial;\"\u003eSabre Gold is a diversified, multi asset near-term gold producer in North America which holds 100 per cent of the fully permitted Copperstone mine located in Arizona, United States and 100 per cent of the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. Sabre Gold intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.\u003c/p\u003e\u003cp style=\"font-family: Arial;\"\u003eSabre Gold has approximately 1.1 million ounces of gold in the measured and indicated categories and approximately 1.5 million oz gold in the inferred category and a combined land package of over 230 square kilometers with considerable exploration upside that will be further drill tested\u0026nbsp;with high priority targets currently identified.\u003c/p\u003e\u003cp style=\"font-family: Arial;\"\u003eSabre Gold is led by an experienced team of mining professional with backgrounds in exploration, mine-building and operations.\
https://www.careermine.com/minisites/pray-and-company/
VANCOUVER, British Columbia, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 supporting the result of a Preliminary Economic Assessment (“PEA”) at its 100%-owned Brewery Creek gold project located in Yukon Territory, Canada. The summary results of the PEA were reported in the Company’s news release dated January 18, 2022, and there are no material differences in the report from those results.
PEA Highlights:
After-tax NPV at 5% of $112 million at an Internal Rate of Return (“IRR”) of 27.6% at $1,700 per ounce gold increasing to $157 million at an IRR of 35.7% at $1,900 per ounce gold;
After-tax average annual cash flow of $36 million at $1,700 per ounce gold increasing to $44 million at $1,900 per ounce gold
Average Annual Production of 60,000 ounces per year for a total 473,000 ounces gold over an initial 8 year mine life;
Total cash cost of $850 per ounce and all-in sustaining cost (“AISC”) US$966 per ounce gold;
Pre-production capital costs of $105 million with life of mine sustaining costs of $18 million;
Payback period of 2.6 years at $1,700 per ounce gold;
Excellent expansion potential to extend mine life and annual production with three open prospective resource areas and several targets within a 182 square kilometers project boundary; and,
Lower technical and execution risk as a past brownfields producer with existing infrastructure and road access from previous mining operation.
https://www.globenewswire.com/news-release/2022/01/28/2375205/0/en/Sabre-Gold-Files-Brewery-Creek-Preliminary-Economic-Assessment.html
fair amount of volume---american money is downrated from SGLD CDM MM
Been in Dawson, Yukon as a tourist in April----things were just warming up there....after a bad winter
so why not start mining in Arizona where its nice and warm---- and dry ?
"... Sabre Gold Mines PEA delineates pathway to Yukon mine re-start, as CEO purchases shares on the open market..."
"January 24, 2020 – Global Stocks News - On January 18, 2022 Sabre Gold Mines (TSX: SGLD) (OTCQB: SGLDF) published a Preliminary Economic Assessment (PEA) for the former Yukon gold mine Brewery Creek, targeted for a near-term re-start.
Sabre Gold holds 100% interest in two near-term North American gold producers: the fully permitted Copperstone gold mine located in Arizona, USA, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers.
Management intends to restart production at Copperstone followed by Brewery Creek in the near term.
Sabre Gold has approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category.
Based on January 18, 2022 market cap of CND $44 million, the SGLD gold-in-the-ground (Measured/Indicated/Inferred) is valued at less than USD$12/ounce on two brownfield former producing gold mines.
https://www.thenewswire.com/press-releases/1BQPF9W90-sabre-gold-mines-pea-delineates-pathway-to-yukon-mine-re-start-as-ceo-purchases-shares-on-the-open-market.html
Barrick just reported 4 million oz. gold 1 year production
Sabre Gold Announces Preliminary Economic Assessment Results
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD; OTCQB: SGLDF) (the “Company” or “Sabre Gold”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned, road-accessible Brewery Creek Gold Project located in Yukon Territory, Canada.
All amounts shown are in United States dollars and metric units of measurement unless otherwise Stated.
PEA Highlights:
After-tax NPV at 5% of $112 million at an Internal Rate of Return (“IRR”) of 27.6% at $1,700 per ounce gold increasing to $157 million at an IRR of 35.7% at $1,900 per ounce gold;
After-tax average annual cash flow of $36 million at $1,700 per ounce gold increasing to $44 million at $1,900 per ounce gold
Average Annual Production of 60,000 ounces per year for a total 473,000 ounces gold over an initial 8 year mine life;
Total cash cost of $850 per ounce and all-in sustaining cost (“AISC”) US$966 per ounce gold;
Pre-production capital costs of $105 million with life of mine sustaining costs of $18 million;
Payback period of 2.6 years at $1,700 per ounce gold;
Excellent expansion potential to extend mine life and annual production with three open prospective resource areas and several targets within a 182 square kilometers project boundary; and,
Lower technical and execution risk as a past brownfields producer with existing infrastructure and road access from previous mining operation.
Giulio T. Bonifacio, President and Chief Executive Officer of Sabre Gold, stated: “The PEA and initial results confirms our plans to resume production at Brewery Creek with what will be low re-start capital with attractive economics which we believe will be further enhanced in 2022. Sabre Gold intends to continue the expansion of gold resources at Brewery Creek and focus on several key opportunities to enhance value, discussed in detail below. The PEA is advanced in several categories as the predecessor company was initially targeting completion of a feasibility study. Sabre Gold intends to move to a feasibility level study upon completion of the advancement of key opportunities, those of which will not impact our targeted permitting timeline. Our permitting efforts will also now focus on expanding the previously permitted area for purposes of allowing for increases to our annual production profile.” The PEA was prepared in accordance with National Instrument 43-101 (“NI 43-101”) and evaluated the economics of resuming mining at Brewery Creek through open pit mining and heap leaching mined material for gold recovery to dor. The PEA study was prepared by Kappes, Cassiday & Associates of Reno, Nevada in cooperation with Tetra Tech Inc. of Golden, CO, Gustavson and Associates of Lakewood, CO and Wood Environment & Infrastructure Solutions, of Vancouver, British Columbia.
PEA Summary - Assumptions and Results
Description Units Pre-Tax Post-Tax
Net Present Value (NPV 5%) US$ M $160 $112
Internal Rate of Return (IRR) % 33.5 27.6
Payback Period (undiscounted) Years 2.6
LOM Average Annual Cash Flow US$ M 44 36
LOM Cumulative Cash Flow (undiscounted) US$ M 237 170
LOM Average Cash Operating costs US$ per ounce $850
LOM Average AISC* US$ per ounce $966
Pre-Production Capital Costs US$ M $105
Sustaining Capital Costs (LOM) US$ M $18
Gold Price US$ per ounce $1,700
Mine Life Years 8
Average Head Grade (diluted) g/t Au 1.05
Average Recovery % 75.4
Average Annual Mining Rate Tonnes per day 9,000
Average Annual Gold Production Ounces per year 60,000
Total LOM Recovered Gold Ounces 473,180
* AISC - All-In-Sustaining-Cost
Mineral Resource Estimate
Measured, Indicated and Inferred Mineral Resource estimates have been produced for the eleven named deposits by Gustavson Associates. The results of the estimation result in Brewery Creek Project containing Measured and Indicated Mineral Resources totaling 34.5 million tonnes at 1.03 g/t, containing 1.14 million ounces of gold. Inferred resources total 35.9 million tonnes at 0.88 g/t containing 1.02 million ounces of gold.
A Lerchs-Grossmann optimization pit shell constrained the resource using a $2,000/oz gold price and the cutoff grade used is based on a gold price of $1,500/oz and is an internal cutoff grade. The process cost used for the pit shell and cutoff grade includes project general and administrative expenses as well as an average haulage cost to transport process material to the leach pad. Only leachable Measured, Indicated and Inferred Resources are being considered in the PEA.
During the work for the PEA, Gustavson reviewed the classification utilized to classify material as Measured, Indicated and Inferred and updated the classification to more appropriately distribute the material into the classification categories, based on an average drill spacing instead of a closest point analysis. This technique utilizes a cell declustering algorithm to quantify drill spacing taking into account geologic anisotropy.
Total Mineral Resources
Classification Tonnes (‘000) Grade(g/t) Contained (oz Au)
Measured – Leachable
Indicated - Leachable 9,310
13,670 1.18
1.11 353,000
487,000
Total Leachable M & I 22,980 1.14 840,000
Inferred - Leachable 16,200 0.94 489,000
Measured – Sulphide
Indicated – Sulphide 3,950
7,540 0.77
0.85 98,000
206,000
Total Sulphide M&I 11,490 0.82 304,000
Inferred - Sulphide 19,700 0.83 527,000
The Mineral Resource Estimate was divided into two categories, leachable and non-leachable resources. Leachable resources are materials that are amenable to cyanide leach processing and can recover gold economically. Leachable material was modeled by using CN soluble gold values to determine potential recoverable gold.
The PEA is targeting only leachable resources from the Measured, Indicated and Inferred categories to develop the mine plan and resulting cash flow estimates. Leachable versus non-leachable resources are determined by using the estimated total gold grades and estimated recoveries in the resource model. While the resource tables use cyanide soluble gold for categorization the gold production, gold grades and cutoff grades are shown as in-situ for easy comparison.
Leachable Mineral Resources by Pit being evaluated
Classification by Pit Tonnes (‘000) Grade (g/t) Contained (oz Au)
Measured - Leachable
Keg
Lucky
Bohemia-Schooner
East & West Big Rock
3,230
627
2,500
2,950
1.14
1.59
1.35
0.99
119
32
108
94
Indicated - Leachable
Keg
Lucky
Bohemia-Schooner
East & West Big Rock
4,160
1,070
1,310
1,630
1.13
1.76
1.31
0.94
151
61
55
49
Total Leachable M & I 17,477 1.18 669
Inferred - Leachable
Keg
Lucky
Bohemia-Schooner
East & West Big Rock
3,020
767
618
1,030
1.05
1.52
1.45
0.80
102
38
29
26
Total Leachable Inferred 5,435 1.11 195
Note: The Keg area includes the previously mined pits of Golden, Kokanee, portions of Canadian and Upper
Fosters and the unmined Lower Fosters deposit. Resources estimates in Table 2 are prior to final pit optimization
and design used to develop diluted potentially minable material.
The Mineral Resource Estimate was prepared by Gustavson Associates, LLC (Gustavson). The resource estimate was conducted in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), June 30,2011, and Canadian Institute of Mining, Metallurgy and Petroleum (CIM) “Best Practices and Reporting Guidelines for Mineral Resources and Mineral Reserves”, May 10, 2014.
Mineral Resources are not mineral reserves and do not demonstrate economic viability. The quantity and grade of inferred resources reported herein are uncertain in nature and exploration completed to date is insufficient to define these Mineral Resources as indicated or measured. There is no certainty that all or any part of the Mineral Resource will be converted to mineral reserves. Mineral Resources are not mineral reserves and may be materially affected by environmental, permitting, legal, socio-economic, marketing, political, or other factors. Quantity and grade are estimates and are rounded to reflect the fact that the resource estimate is an approximation. Gustavson knows of no environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other factors that could materially affect the mineral resource. The effective date of this Mineral Resources Report is May 31, 2020.
Mining
The Brewery Creek project was evaluated by Tetra Tech for owner operated mining in the PEA as open pit truck and shovel operation. Mining was considered on the leachable (oxide) portions of nine deposits aligned in a more-or-less east-west trend along 8 kilometers in what is known locally as the “reserve trend”. The deposits are West Big Rock, East Big Rock, Upper & Lower Fosters, Kokanee, Golden, Lucky, Bohemian and Schooner. The mine schedule calls for mining and processing over 18.7 million tonnes of heap leach feed and 79.6 million tonnes of waste for a strip ratio of 4.03:1. The current life of mine is 7.9 years.
The base case assumes mining and crushing for 275 days per year at an average rate of 9,000 tonnes per day. All heap leach feed material will be crushed to 80% passing 19 mm and conveyor stacked onto existing leach pad which will be off loaded with a 2-meter cushion of old material remaining on the pad to protect the liner. The off-loaded material will be used as back fill to reclaim old pits and or stacked on new storage facilities. The last three original designed cells will be built in year 3.
Pit Area Sources of LOM Mill Feed
(kt) Gold Grade (g/tonne)
Keg 7,173 1.00
Lucky 2,250 1.38
Bohemia-Schooner 4,300 1.23
East & West Big Rocks 4,933 0.80
Total from Pits 18,656 1.05
Infrastructure
Existing infrastructure includes the existing main access road, two-man camps with a combined capacity for approximately 100 personnel, existing 7 cell leach pad plus foundations for 3 un-built cells, existing haul road network which requires only minor refurbishment, three process solution ponds which require cleaning and new liners, and the former truck shop, a steel structure with the truck bays removed which is currently used as offices and warehousing.
Summary of Economic Results
Gold Price Sensitivity
Gold
Price NPV 5% After Tax NPV 5% Pre-Tax Avg. Annual
After tax CF
US$/oz US$M IRR%
US$M IRR%
US$M
$1450 53.4 16.2 73.0 19.1 27.2
$1500 65.4 18.6 90.4 22.1 29.1
$1600 88.7 23.2 125.2 28.0 32.7
$1700 111.6 27.6 160.0 33.5 36.3
$1800 134.3 31.7 194.7 38.9 39.9
$1900 156.8 35.7 229.5 44.2 43.5
$2000 179.3 39.6 264.2
49.2 47.1
PEA Capital Cost Summary
Description Pre-Production Sustaining
Capital Life of
Mine
US$000s US$000s US$000s
Pre-strip, off load heap $18,105 $18,105
Mine equipment (net of lease) 4,499 $4,601 9,100
Site Infrastructure 29,207 11,182 40,389
Site Infrastructure Haul Roads 1,810 1,810
Process Plant 29,649 29,649
Indirects 2,655 2,655
Owners, EPCM 8,487 8,487
Contingency 10,974 2,236 13,210
Subtotal $105,386 $18,019 $123,405
Working Capital 11,181 (11,181) -
GST (recovery) 5,269 (5,269) -
Reclamation - 13,992 13,992
Total Capital $121,836 $15,561 $137,397
PEA Operating Costs Summary
Mining per tonne moved 1.96
Strip ratio 4:1
Unit Operating Costs (per tonne leached) US$/tonne
Mining $ 11.31
Processing 7.62
General & Administrative 2.52
Total Operating Costs $
21.45
Total Cash Costs per ounce gold sold $850/oz
All-in-Sustaining Costs per ounce gold sold $966/oz
Metallurgy
The process plant flow sheet was developed by Kappes, Cassidy Associates of Reno, Nevada and is designed to crush and stack heap leach feed approximately 275 days per year and to recover gold from the heap leach solutions 365 days per year. The flow sheet used a daily feed rate of 9,000 tonnes per day or an annual feed rate of approximately 2.48 million tonnes.
Historically, preg-robbing material had hampered gold recoveries on the former heap leach pad. Since 2011, Sabre Gold has routinely assayed for preg-robbing material and the data reveals that the preg-robbing material is confined to sedimentary rocks which were abundant host rocks in the Pacific and Blue pits during the previous mining operation. The pits being targeted for mining in the PEA have gold hosted in intrusive rocks which are largely void of preg-robbing characteristics and contain only minor amounts of sedimentary rocks. There is a strong visual difference between the sedimentary and intrusive rocks at Brewery providing easy visual ore control during mining if sediments are encountered.
Material will be delivered to the crushing area and reduced to a nominal 80% passing 19 mm after tertiary crushing with modular crushing units. The crushed material will be stacked on the leach pad by a conveyor stacking system and leached with a low concentration cyanide solution. Gold recovery from the leach solutions is accomplished through an ADR plant.
Estimates for gold recovery and consumption rates of reagents is based on metallurgical testing conducted by McClelland Laboratories and SGS. Testing was conducted on fresh drill core samples in 2013, 2016 and 2020. In total 47 column leach tests plus other testing was conducted on the nine deposits included in the PEA and two deposits not included in the PEA. Compacted permeability test work indicate that cement agglomeration is not required for heap heights up to 60 meters.
Heap Leach Feed Source Au NaCN Lime
Schooner 76 0.40 2.5
Fosters 82 0.21 2.0
Bohemian 82 0.26 3.0
Golden 75 0.21 1.7
Kokanee 65 0.23 1.4
West Big Rock 87 0.30 3.9
East Big Rock 81 0.35 3.4
Lucky 58 0.23 1.4
Note: The Keg Pit area consists of Fosters, Golden and Kokanee deposits
Key Opportunities to Enhance Value
The PEA outlined several opportunities to enhance the economic potential of Brewery Creek including the following:
Exploration drilling to expand the leachable mineral resource with several prospective targets identified
In-fill drill the areas of inferred resource in the deposits analyzed in this PEA to upgrade them to Measured and Indicated levels of confidence for future conversion to reserves
Conduct trade off study for contract mining versus owner mining to potentially reduce up front capital and enhance LOM economics.
New leach pad locations should be investigated to accommodate material from additional deposits as they are brought into minable status.
Further evaluation of the potential of the sulphide material at depth in all the deposits. Preliminary metallurgical testing has shown good recoveries of gold can be obtained by a flotation process.
Continue expanding and upgrading resources at 3 oxide deposits not included in the PEA, Classic, Lonestar and Sleeman.
The Classic deposit is located approximately 3 km south of the main Brewery Creek deposit trend. The deposit was originally discovered in 1991 (Hemlo Gold Mines Inc.-Loki Gold Corporation) through a southern grid expansion, the Classic Zone was then being classified as an isolated, arsenic gold anomaly. The deposit is currently defined by 52 reverse-circulation drillholes and 17 core holes, totaling 13,478 meters. The currently identified mineralization lies on the southwest side of the Classic Fault. Predominant rock units hosting mineralization contain variable percentages of syenite (alkali) and biotite monzonite (increasing plagioclase). Mineralization is found to exist within centimeter-scale sheeted quartz veinlets. Structurally, the Classic Zone is open at depth and in both directions along strike. Cutting across the eastern portion is the northwest trending, steeply southwest dipping Classic fault which is mapped to be post intrusion and post mineralization.
The Lone Star mineralized area is the fault offset portion of the Classic deposit and lies along the northeast side of the Classic Fault, southeast of and adjacent to the Classic Zone. Surface mineralization was first recognized by soil sampling in the 1990’s but the area remained untested until 2012. Drilling in 2012 consists of 17 core holes and 12 RC holes, totaling 6,147 meters. The same alkalic suite of intrusions that host Classic also host Lone Star. The suite contains syenite, biotite monzonite, monzodiorite, diorite, and gabbro; syenite is the most abundant. The biotite monzonite intrusions commonly form very well developed, course-grained skarn halos where adjacent to limestone and carry copper-gold mineralization. Alteration includes development of a propylitic mineral assemblage of chlorite, calcite and pyrite, and local development of sheeted quartz-carbonate-pyrite-arsenopyrite ±chalcopyrite veins. Three styles of mineralization occur at Lone Star; elevated Au associated with skarns, disseminations in syenite, and auriferous sheeted quartz veins. The geometry of the system is poorly understood; it remains open in both strike directions and at depth.
The Sleeman deposit is located to the east of the Brewery Creek Reserve Trend (BCRT). It was discovered by mapping, soil sampling and trenching, and was first drilled in 1992. The zone is currently defined by 7 reverse-circulation drillholes and 58 core drillholes, totaling 11,374 meters. Mineralization at Sleeman is associated with an altered tabular-shaped quartz monzonite intrusion that cuts siltstone of the Steel formation and graphitic argillite of unknown affinity. The intrusion strikes 120° azimuth and dips 65° southwest. It has a known strike length of 500 meters and is open in both strike directions and at depth. All mineralization is associated with altered and veined areas. The style of veining and alteration at Sleeman is similar to the other deposits found within the BCRT with the exception of the presence of elevated base metal concentrations, particularly lead and zinc.
First Nations, Community Engagement and Environment
Community and First Nation engagement has been a strong component of the Brewery Creek Project dating to the initial mine operator, Viceroy Resources. In 2016 Golden Predator updated and modernized the Socio-Economic Agreement with the Tr’ondek Hwech’in (TH), which addresses environmental responsibilities, permitting, education and employment as well as preferential contracting opportunities and wealth sharing. The Brewery Creek Project lies with the traditional territory of both the Tr’ondek Hwech’in and the First Nation of Na Cho Nyak Dun (NND). Regardless of the pre-existing relationship and agreement with TH and the proximity to Dawson City, Yukon the Company has and will continue to consult with both First Nations on all permitting and regulatory matters.
The previous operator and the company have conducted extensive environmental studies and monitoring programs that document the property since the early 1990’s. Studies include water quality, fisheries, wildlife, heritage and vegetation. The company continues to conduct regular environmental sampling and monitoring on the property.
Disclosure
The PEA results are summarized for purposes of this press release. Further details on the PEA and technical report will be filed on SEDAR and the Company’s website by January 31, 2022.
The PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative to be used in an economic analysis except as allowed for by Canadian Securities Administrator’s NI 43-101 in PEA studies. There is no guarantee that the inferred mineral resources can be converted to Indicated or Measured mineral resources, and as such, there is no guarantee the project economics described in this report will be achieved.
Qualified Persons
The technical content of this news release has been reviewed and validated by Michael Maslowski CPG, a Qualified Person as defined by National Instrument 43-101 that the information contained in the release is consistent with that provided by the independent Qualified Persons responsible for the PEA. Mr. Maslowski is employed by Sabre Gold Mine Corp as Vice President of Technical Services and Exploration.
Non-IFRS Measures
The Company has included certain non-IFRS measures in this press release. The Company believes that these measures provide investors an improved ability to evaluate the underlying performance of the project. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers.
About Sabre Gold Mines Corp.
Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers. Management intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.
Sabre Gold’s two advanced projects have approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp. website (www.sabre.gold).
https://www.globenewswire.com/news-release/2022/01/18/2368274/0/en/Sabre-Gold-Announces-Preliminary-Economic-Assessment-Results.html
found this address for anyone wanting mailouts
..... VANCOUVER
650 West Georgia Street,
Suite 2700
Vancouver, BC V6B 4N9
T 604 689-3334
"... Brewery Creek Economic results by way of Preliminary Economic Technical Report to be released by next week which are expected to be very favorable...."
"... Updated drilling results with assays pending at Copperstone to be released in January..." recently posted on twitter etc...
https://twitter.com/SabreMines
https://www.sabre.gold/
& thank you both for presently providing this pertinent information to all Sabre Gold Mines shareholders in a timely manner...
https://www.globenewswire.com/news-release/2021/12/14/2351884/0/en/UPDATE-Sabre-Gold-Announces-32-Increase-to-Measured-Indicated-Resource-at-Brewery-Creek.html
low buzz on the bullboards can only mean ---good tidings to all who wait
same as in Canada---the US market on i-hub shows active bid rigging attempts --who has any american money after a bad Christmas
half a million --known shares on the BID
BIDS areFluctuating rapidly---MM'S trying to create attention
$2,668,500 due NO later than February 7th, 2021 via Yukon Government!
This is highly excessive and why can't the Yukon Government allow Sabre Gold Mines provide instalment payments over 2 years?
https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf
Asking Sabre Gold Mines to almost immediately provide $1,668,500 is brutal when Sabre Gold Mines Corp. is producing absolutely NO gold until probably late 2022.
Many Gold exploration companies would be forced into bankruptcy with such a heavy bill that must be paid in just over a month. How is Sabre Gold Mines going to pay this hefty fee?
Where is Sabre Gold Mines Corp. going to find these lavish funds and pronto?
The Yukon Government has made it extremely difficult to move the Brewery Creek Mine forward into production... WHY?
"... Reasons for Decision: Financial Security Determination for the Brewery Creek Site Quartz Mining License A99-01
The Government of Yukon has concluded its assessment of the closure-related risks and liabilities at the Brewery Creek Mine site (the "Site") and finalized determination of financial security required. The Government of Yukon has determined that $1,668,500 in security, inclusive of the $1,000,000 currently held by Government of Yukon, is required to be furnished. This document presents the process and rationale for the security determination.
https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-reasons.pdf
In my humble opinion, this seems excessive when Sabre Gold Mines Corp. has not started commercial gold production. How quickly do these extravagant funds need to be provided to the Yukon government? Does the Yukon government want Sabre Gold Mines Corp. to go into bankruptcy? If not Sabre Gold should be allowed to pay these lavish funds over several years and not within probably 90 days...
"... Former Yukon mine engineer's lawsuit over Brewery Creek project dismissed..."
https://www.cbc.ca/news/canada/north/christman-brewery-creek-lawsuit-dismissed-1.6237456
"... A lawsuit filed by the Yukon government's former chief mine engineer over Golden Predator's Dawson-area Brewery Creek project has been dismissed.
Paul Christman had filed a statement of claim against Yukon's Department of Energy, Mines and Resources in April, alleging he was professionally punished after raising concerns about the project.
The case never made it to trial.
The lawsuit was dismissed with the consent of all parties via a court order on Nov. 1.
Golden Predator and its CEO, Janet Lee-Sheriff, had filed their own lawsuit in British Columbia court shortly after Christman filed his, accusing him of defaming the company and Lee-Sheriff at the 2019 Vancouver Resource Investment Conference. The Yukon government was also listed as a defendant.
The file is still active, but no statements of defence had been filed as of Nov. 4. ..."
https://www.miningnewsnorth.com/story/2021/04/30/northern-neighbors/trondk-hwchin-supports-brewery-creek/6796.html
Rudolf needs a rest in the Yukon near Brewery Creek prior to the Christmas worldwide journey!
Let's hope the Sabre Gold Mines Corp. shares actually POP by December 25th, 2022 when the Copperstone high-grade gold mine goes into commercial production in relatively late 2022!
https://www.sabre.gold/
https://www.miningnewsnorth.com/story/2021/12/17/northern-neighbors/brewery-creek-mandi-resources-top-1m-oz/7120.html
https://www.kitco.com/news/2021-12-23/-Santa-Claus-rally-brings-out-the-bulls-as-Omicron-fears-ebb.html
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx-venture/sgld/112374-sabre-gold-announces-32-increase-to-measured-indicated-resource-at-brewery-creek.html
https://www.kitco.com/news/2021-12-23/The-bullish-season-for-gold-price-begins-can-gold-tackle-1-850.html
SCOTS WAH HEY !!!---- Get with the buying---CHEAPIES
missed it---did they vote in a roll-back---just wondering
"... Sabre Gold Announces Results of 2021 Annual and Special Meeting of Shareholders..."
https://www.globenewswire.com/news-release/2021/12/18/2354753/0/en/Sabre-Gold-Announces-Results-of-2021-Annual-and-Special-Meeting-of-Shareholders.html
"... VANCOUVER, British Columbia, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) (the “Company” or “Sabre Gold”) announces that shareholders voted in favor of all resolutions presented in its management information circular at the Annual and Special Meeting of Shareholders (the “Meeting”) held on December 17, 2021. A total of 238,344,192 common shares were voted at the Meeting, representing 37.66% of the votes attached to all outstanding common shares and voting results are as follows: XXXXXXXXXXXXXXXXX
« …. About Sabre Gold Mines Corp.
Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers. Management intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.
Sabre Gold has approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
For further information please visit the Sabre Gold Mines Corp. website (www.sabre.gold).… » https://www.sabre.gold/
This link https://www.pdac.ca/convention was sent to me but these days most of us are all working online so…
I doubt highly that I will be going to any in person events anytime in the near future…
PDAC ..sent me a Christmas card---did you get one too?
SGLD et alwill not be pouring gold for 4 more years---IF LUCKY
SGLD MANY CROSSES TO BEAR----BEWARE OF GREEN----anything
Prediction, Sabre Gold will be trading at $10 per share… in 4 years!
Similar to Victoria Gold https://vgcx.com/
Let's keep this our little secret while I continue to successfully average down...
It will be trading well over $2 a share within 2 years similar to
Arizona Metals!
https://www.arizonametalscorp.com/
FYI
"...
Elevation Gold Mining Intersects 45.72 Meters Grading 1.17 g/t Gold and 12.53 g/t Silver 175 Meters to the East of the Moss Mine East Pit..."
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/493-tsx-venture/elvt/111524-elevation-gold-mining-intersects-45-72-meters-grading-1-17-g-t-gold-and-12-53-g-t-silver-175-meters-to-the-east-of-the-moss-mine-east-pit.html
https://www.elevationgold.com/
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16
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03/27/13
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The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in Q4-2023 as a result of the recent project funding transaction entered into with Star Royalties Ltd.
https://www.sabre.gold/
https://starroyalties.com/ is providing financing etc!
https://www.globenewswire.com/news-release/2021/09/02/2291227/0/en/Sabre-Gold-Completes-Acquisition-of-Golden-Predator.html
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx-venture/gpy/112374-sabre-gold-announces-32-increase-to-measured-indicated-resource-at-brewery-creek.html
https://www.globenewswire.com/news-release/2021/12/18/2354753/0/en/Sabre-Gold-Announces-Results-of-2021-Annual-and-Special-Meeting-of-Shareholders.html
https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/114894-sabre-gold-files-brewery-creek-preliminary-economic-assessment.html
Mr. Bonifacio has over 30 years of experience in senior executive roles in the mining industry. Mr. Bonifacio is the Founder and former Director, President & CEO of Nevada Copper Corp. since its inception in 2005 until his retirement in February 2018. Among his many accomplishments Mr. Bonifacio has raised directly over $700 million through equity and project debt financings for projects of merit as well as being involved in corporate transactions aggregating in excess of a billion dollars. Mr. Bonifacio has led and directed efforts at every stage of development from exploration, development, permitting and construction.
Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge of operations, capital markets, project finance and mergers & acquisitions. Mr. Bonifacio has held previous senior executive roles with Getty Resources Limited, TOTAL Energold Corp., an energy and gold producer and Vengold Inc., gold producer prior to founding Nevada Copper in 2005.
Mr. Tolbert is a mining engineer with more than 30 years of experience focused on underground operations and engineering. Mr. Tolbert has held various Mine Manager and General Manager positions with Hecla Mining and Klondex Mines Ltd. He was instrumental in moving Klondex’s Fire Creek Mine from an exploration stage project to an operating mine. While at Fire Creek Mr. Tolbert optimized mining operations by changing the mining method to better fit the narrow character of the ore. He led the transition from long-hole stoping to cut and fill and shrink stoping where he reduced costs by an average of 40% per ounce, increased production and reduced dilution, all maintaining a keen focus on safety with an exceptional safety record. Previous to working with Klondex, Mr. Tolbert worked at Newmont Mining for fourteen years starting as an underground miner before achieving his engineering degree and advancing to Superintendent for the Midas Mine and Vista Project. He holds Mining Engineering degree from the Haileybury School of Mines and is a certified Project Management Professional.
John Galassini is a mining operations executive with over 30 years of mining and processing experience in copper, gold, silver, and base metals. Recognized as a hands-on operations specialist, he has managed some of the world’s largest open-pit and underground mining and processing facilities. He also successfully led smaller single asset private undertakings requiring specialization in multiple roles. With expertise in change management, he has catalyzed $14.5B in revenue throughout his industry tenure. A tenacious business strategist with exceptional people management skills, John excels at leading operational excellence, innovative solution development, process improvement methodologies, and building collaborative relationships.
John began his career with Phelps Dodge as a shift supervisor, and subsequently became senior vice president of operations for North America, responsible for seven large mining operations and two smelters. He held roles as regional vice president – North America for Kinross Gold, chief operating officer for Sunshine Silver Mines, and senior vice president of Nyrstar mining. John has a track record of greenfield start-ups, brownfield expansions, and extensive process improvement and maintenance experience. He presided over $2 billion in potential expansion investments, improved fleet reliability and availability gains, and saved well over $100 million annually through Six Sigma best practices. he championed a revolutionary methodology via a $220M state-of-the-art production facility, and upgraded copper mining operations and reined in long-term production expenses. He is content rolling up his sleeves in the field, or presenting strategy and results in the Boardroom.
John holds a bachelor degree in chemical engineering from New Mexico State University and attended the Advanced Business Management Program at American Graduate School of International Management. He is a long-time member of the Society for Mining, Metallurgy, and Exploration and a member of the Dean’s Advisory Counsel of the College of Engineering at New Mexico State University. He is a distinguished alumnus from this institution.
Stefan Spears has over a decade of experience as a senior executive in the resource exploration and mining industry. He began his mining career at Goldcorp, and in 2005 joined McEwen Capital Corporation to focus on resource sector investments. In 2008 he joined McEwen Mining (TSX/NYSE:MUX) as a Vice President in charge of U.S. Projects. After successfully founding Coreprint Patterns Inc., an innovative sand casting pattern manufacturer whose repeat clients have included several multi-national corporations in the mining and industrial sectors, Mr. Spears rejoined McEwen Mining to address Special Projects with a focus on corporate development and to tackle technical challenges in operations. He has experience in gold exploration in Canada, USA and Mexico, and was involved in raising over C$500 million in equity capital for exploration and development projects. Mr. Spears holds a B.Sc. degree in civil engineering from Queen's University. He is also Chairman and Chief Executive Officer of Inventus Mining Corp. (TSX-V:IVS).
Tony Lesiak is currently the Senior Advisor, Investment Banking at Canaccord Genuity Corp. (Canada). He previously held the position of Managing Director and Global Head of Mining Research and was responsible for coverage of the Canadian large capitalization precious metal equities. He has been researching the metals and mining sector for over 20 years. Prior to rejoining Canaccord Genuity in September 2013, he was Managing Director and Senior Mining Analyst at Macquarie Capital Markets. Mr. Lesiak was a Principal and Senior Mining Analyst at Genuity Capital Markets from 2007 to 2010 and previously held senior positions in mining equity research at UBS (Toronto) and HSBC (New York and Toronto). Mr. Lesiak earned a B.Sc in Geology and an MBA (Rotman) from the University of Toronto and holds an International MBA specializing in Economics from Johannes Kepler University in Austria.
Mr. Maslowski is a geological engineer with a career in the mineral resource industry spanning more than 35 years in exploration, engineering, underground and open pit mining design and operation in the Americas and East Africa. Mr. Maslowski previously worked with Golden Predator from 2011 to 2014 as Vice President of Exploration and then Chief Operating Officer, expanding the Brewery Creek resource more than 5 fold in 3 years and directing the Brewery Creek Preliminary Economic Assessment Study. Since 2017 he has been the Technical Services Superintendent for Teck Washington Inc. at their Pend Oreille mine in NE Washington State, an underground lead-zinc mine. Prior to 2011, he was with Coeur d’Alene Mines for ten years in numerous positions including Director of Exploration and Assistant General Manager of the Palmarejo Mine in Mexico. He was the team leader for the discovery of the Diamond Hill Mine for Pegasus Gold then was responsible for advancing the mine into production. Mike is a member of the Society for Mining, Metallurgy and Exploration (SME) and the American Institute of Professional Geologists. He holds a B. S. in Geological Engineering from the Colorado School of Mines and is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG) and a Qualified Person (QP) as defined by National Instrument 43-101.
Mr. Found has more than 30 years of international accounting & finance experience, of which, the last 13 have been spent in progressively more senior roles within the mining industry. He has significant experience both in mine site operational finance and Corporately having been part of the senior leadership team at Nevada Copper Corp. that positioned the mine for the final construction phase. Additionally, he was a key member of the management team that took New Gold Inc.’s New Afton Mine through the construction phase and into commercial production delivering the mine on time and on budget, immediately prior to that he was responsible for all financial matters for New Gold Inc. in Mexico. He has also held the role of Corporate Controller for a junior gold producer. Mr. Found is a Chartered Professional Account, CA and a Fellow of the Institute of Chartered Accountants in England & Wales and has a wealth of experience in financial reporting, operational planning, treasury management and ERP/systems implementations.
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