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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (19143)	6/16/2016 9:56:42 AM
From: Goose94	Respond to of 203325

SBB-T HOT money escaping...

To: Andrew~ who wrote (19143)	7/19/2016 1:22:46 PM
From: Andrew~	Read Replies (1) \| Respond to of 203325

SBB-T Sabina Gold & Silver Continues to Receive Community Support for the Back River Gold Project, Nunavut, Canada VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 19, 2016) - Sabina Gold & Silver Corp. (TSX:SBB) ("Sabina" or the "Company") provides an update on recent community engagement for the Back River Gold Project ("Back River" or the "Project") in Nunavut, Canada. Following the Nunavut Impact Review Board's ("NIRB") recommendation and report to the Minister of Indigenous and Northern Affairs Canada ("INAC") that the Back River Project not proceed at this time, Sabina embarked on a community tour to solicit feedback regarding NIRB's recommendation from Kitikmeot constituents. Over the course of four days, Sabina visited Cambridge Bay, Kugluktuk, Kugaaruk, Gjoa Haven and Taloyoak where community public meetings were held along with various engagements with municipal and territorial representatives. Overall, 16 formal meetings and public forums took place during the tour with approximately 230 people in attendance. "We are very pleased with the significant support we continue to receive for the Back River Project," said Bruce McLeod, President & CEO "We continue to get the message from the communities that jobs and economic benefits are critical to the people of the Kitikmeot and that responsible mining is an opportunity by which this can be achieved. We also continue to engage with the Kitikmeot Inuit Association ("KIA") and are working to advance agreements for land tenure rights and Inuit benefits which would address employment and contract initiatives and commitments. We believe we have earned a good reputation in the region as a company that follows through on our commitments and that we have proven our high regard for the people and the land." Over the four-year period that Sabina has been involved in the environmental assessment process, we have had over 290 engagements with all interested communities and northern stakeholders. We have been involved with several socio-economic and environmental initiatives resulting from these consultations, for example the Bernard Harbour fisheries restoration project near Kugluktuk. Sabina's partnership on this project with the Kugluktuk Hunters and Trappers Organization will directly result in an improvement of the Arctic Char fisheries in Nulahugyuk Creek and Hingittok Lake delivering higher quantities of fish for harvesting. The Bernard Harbour restoration project has been the result of a combination of scientific baseline studies as well as significant consultation regarding traditional knowledge. The positive support for the project from the communities and their surprise with the NIRB recommendation is evidenced by the numerous letters sent to the Minister of INAC and the NIRB urging the Minister to reject the NIRB recommendation. These letters can be seen on the NIRB website at: ftp://ftp.nirb.ca/02-REVIEWS/ACTIVE%20REVIEWS/12MN036-SABINA-BACK%20RIVER/02-REVIEW/11-FINAL%20HEARING%20DECISION/ We will continue to constructively engage with all of these communities as well as the seasonal outpost communities in the Back River area for ongoing ecosystemic and socio-economic consultation and input. Sabina is preparing a response to the NIRB Report, to be submitted to the Minister imminently. In our response, we will be emphasizing the support for the Project by Inuit representatives and communities, the significant socio-economic benefits of the Project to be secured for the region, and appropriate terms and conditions that could be considered if the Report is referred back to NIRB. Sabina Gold & Silver Corp Sabina Gold & Silver Corp. is a well-financed, emerging precious metals company with district scale, world class undeveloped assets in one of the world's newest, politically stable mining jurisdictions: Nunavut, Canada. Sabina recently released a Feasibility Study on its 100% owned Back River Gold Project which presents a project that has been designed on a fit-for purpose basis, with the potential to produce ~200,000 ounces a year for ~11 years with a rapid payback of 2.9 years. At a US$1,150 gold price and a 0.80 exchange rate, the Study delivers a potential after tax internal rate of return of approximately 24.2% with an initial CAPEX of $415 million. In addition to Back River, Sabina also owns a significant silver royalty on Glencore's Hackett River Project. The silver royalty on Hackett River's silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter. The Company has approximately $44 million in its treasury and is currently amending the budget and plans for 2016.