Sabina expanding resources at Hackett River

Sabina Resources (SBB-V) has cut significant base and precious metals at the Hackett River property in Nunavut that it has optioned from Teck Cominco Metals (CLT-T).

Highlights from 17 holes include one hole that hit four mineralized zones within a 138.5-metre interval that graded 1.25% copper and 22.2 grams silver per tonne. This included 4.75 metres that graded 3.7% copper and 174.5 grams silver and a separate 9.5-metre zone that graded 1.2% copper, 0.83% lead, 4.1% zinc and 77.9 grams silver plus 0.6 gram gold per tonne.

This hole tested the up-dip potential of the Copper zone, a zone that is parallel with the West Limb “A” zone. Several holes tested extensions to other known zones.

Just two holes had previously been drilled into the Knob Hill zone. Another eight holes tested this target. One hole intersected a 9.2-metre intercept that graded 3% lead, 10.5% zinc and 310.7 grams silver per tonne. Another intersected 5.5 metres of 3.67% copper, 10.48% zinc and 496 grams silver per tonne.

The sulphide horizon dips about 55 to the southwest and is variable in width. Other holes in this zone cut 1-4.3 metres grading from .1-1.8% lead, 0.23-12.1% zinc, 19-561 grams silver and .02-1.5 grams gold per tonne.

The holes tested the zone along strike for about 250 metres. Knob Hill is interpreted to join the East Cleaver Lake zone at depth. The East Cleaver zone was tested with four holes along the northern edge of the known resource.

Three of these were drilled in a fan that tested the deposit from 130-230 metres depth and cut 1.25-3.8-metre intercepts that graded 0.02-2.7% copper, .01-1.24% lead, 0.24-9.13% zinc, 7.6-125 grams silver and up to 19 grams gold per tonne.

Hole 20 hit four mineralized zones, highlighted by 15 metres that graded 0.5% copper, 4.7% lead, 0.3% zinc, 1,471 grams silver and 11.4 grams gold per tonne.

The West Limb “A” zone, or Main Camp Lake zone, was tested to the south and down-dip of previous drilling. Mineralization includes 16.8 metres grading 1% lead , 7.9% zinc and 142 grams silver. This includes 5 metres that graded 18.5% zinc and 30 grams silver per tonne. Another hole intersected 10.5 metres grading 8.6% zinc and 142 grams silver per tonne.

One hole that tested a geophysical anomaly failed to cut significant sulphides. Assays from another 25 holes are pending. In all holes, true width is estimated to be 80-100% of the downhole width.

The East Cleaver Lake and the West Limb “A” zones have both received sufficient drilling in the past to have resources calculated on them. These would probably fall within the “indicated” category of resource according to National Instrument 43-101 standards. Previous estimates indicate the two deposits are both zinc-rich (6.8%-12.8%zinc) and silver-rich (160-231 grams silver) and are from 4-4.6 million tonnes in size.

Sulphide mineralization is found within volcanic and metasedimentary rocks belonging to the Hackett River Group.

The 71.4-sq.-km property comprises three mining leases and one surface lease, 480 km northeast of Yellowknife, NWT and 75 km southeast of Bathurst Inlet.

Teck Cominco Metals is a unit of Teck Cominco (TEK-T). Sabina is earning a 100% interest in the property by spending $7 million on exploration by the end of 2008. The agreement is subject to certain by back and/or royalty provisions.