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Sabre Gold Mines Announces Preliminary Economic Assessment Results for Brewery Creek Gold Project

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.


https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/114126-sabre-gold-announces-preliminary-economic-assessment-results.html

For further information please contact:

Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
[e-mail]

https://www.sabre.gold/