Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

"... SABRE GOLD DRILLS 4.6 METRES OF 16.9 G/T GOLD & STRENGTHENS MANAGEMENT TEAM..."

https://www.sabre.gold/sabre-gold-drills-4-6-metres-of-16-9-g-t-gold-strengthens-management-team/

"... Management Team Appointment

Sabre Gold is very pleased to announce the addition of Mr. Sid Tolbert as Vice President, General Manager to the management team.

Giulio Bonifacio, President & CEO stated: “We are very pleased to have Mr. Tolbert join Sabre Gold as a key addition to our management team. Mr. Tolbert brings a wealth of underground mining and management experience to the team while remaining focused on safety and efficient operations. We look forward to working with Mr. Tolbert as we advance the Copperstone gold project into production in the near term.”

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 Company and Klondex Mines Ltd. Mr. Tolbert was instrumental in advancing 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. Prior to 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.

Drill Result Highlights

RC P2D47 4.6 m at 16.9 g/t includes 1.5 m at 47.6 g/t
Core P2F06 3.4 m at 5.4 g/t includes 0.8 m at 17.8 g/t
RC P2C32 4.6 m at 8.4 g/t
RC P2C36 1.5 m at 29.1 g/t
RC P2G69 3.0 m at 7.9 g/t
RC P2G73 3.0 m at 9.5 g/t includes 1.5 m at 16.4 g/t
RC P2H101 3.0 m at 9.0 g/t
Core P3B03 2.6 m at 14.2 g/t includes 0.9 m at 30.6 g/t

Mike Maslowski, Vice President of Technical Services and Exploration of Sabre Gold stated: “Drilling results continue to confirm the high gold and thickness continuity alone strike and dip for these areas. The results also indicate strong potential for the D Zone to extend further north than previously anticipated. New drill platforms developed further north than any existing underground access is required and being designed to provide proper drill angles to define the northern extents of the D Zone. This phase of drilling is complete and will now be used to develop initial detailed mine plans for these areas.”

Assay results for the underground drill program have been received on the final holes from the 2021 drill program. Holes were drilled from eight drill stations targeting the D zone and two stations targeting the C Zone.

The results on the final holes from various drill stations in Panel 2 of the D zone continued to show the high-grade gold continuity across the shear zone with the drill holes spaced 6 to 8 meters apart. Drill station location and drill cross sections showing the drill holes follow in this release...."

https://www.kitco.com/news/2022-03-31/Gold-up-as-traders-buy-the-early-dip-U-S-jobs-data-looms.html

"... Gold prices are modestly higher in midday U.S. trading Thursday, as the bulls stepped in to buy the early slight dip in prices. Oil prices pushing well up from their daily lows after trading sharply down early on also supported the metals markets. Now, the marketplace awaits what is arguably the most important U.S. data point of the month on Friday morning. April gold futures were last up $6.60 at $1,940.30 and May Comex silver was last down $0.073 at $25.04 an ounce.

https://www.sabre.gold/sabre-gold-drills-4-6-metres-of-16-9-g-t-gold-strengthens-management-team/