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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (16854)	7/25/2006 9:27:10 AM
From: John McCarthy	of 78419

Press Release Source: Sabina Silver Corporation Sabina's Hackett River Assay Update; Strong Stepout Holes Include 11.75m of 12.76% Zinc and 291.4g/T Silver Tuesday July 25, 9:00 am ET LONDON, ON--(MARKET WIRE)--Jul 25, 2006 -- SABINA SILVER CORPORATION (TSX VENTURE:SBB.V - News) (Other OTC:SBBFF.PK - News) is pleased to present an assay update for the initial 21 holes from 2006 drilling at Hackett River. Over 10,000m have been drilled to date and a third drill has now been added. The silver and zinc-rich nature and apparent continuity of the Hackett River mineralization continues to be confirmed with 50m stepout hole SHR-06-11 containing 11.75m grading 12.76% zinc and 291.4 g/T silver in the Main Zone hinge area. The precious metal enriched nature of the Hackett River deposits is confirmed by a second stepout hole in the Main Zone hinge area SHR-06-15 which contains 5.45m of 438.0g/T silver including 0.45m grading 3.23 kilograms/T silver and 20.50 g/T gold. Sabina is on track to meet its 2006 goal of an updated 43-101-compliant mineral resource estimate and independent scoping level discounted cash flow economic analysis of the Hackett River Project as an open pit extraction operation. Approximately half the total 17,000m to be drilled this year will be devoted to infill work upgrading the inferred mineral resource at Hackett River to the higher confidence level indicated mineral resource. The balance will be stepout work, as all deposits remain open for expansion. Engineering and optimized metallurgy and baseline environmental work is presently underway. Sabina has an undivided 100% interest in its polymetallic Hackett River Project, which contains a NI 43-101-compliant Indicated Mineral Resource based on drilling information prior to 2006 (Table 1). The magnitude of the contained silver resource alone at Hackett River ranks Sabina Silver Corporation among the top 12 silver-focused companies operating in the Western Hemisphere. A substantial zinc endowment will also factor prominently in the 2006 scoping level discounted cash flow analysis. TABLES and narrative biz.yahoo.com Postion: No Position regards, John

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