Sabina Gold & Silver Corp. on Monday doubled the amount of gold it estimates is at its Back River project in Nunavut, Canada.
There are indicated resources of 4.03 million ounces and inferred resources of 2.02 million ounces, the Vancouver-based company said.
The company has more than doubled the resource on the Back River property in essentially two drilling campaigns, CEO Rob Pease said in a statement.
Given that there is a limited window for drilling in Nunavut, this success speaks to the prospectivity of the Back River project as well as to the skill and innovation of our exploration team.
To date, our discovery cost per resource ounce at Back River is $13 (Canadian) per resource ounce.