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The Hackett River property is an advanced-stage base and precious metal property located about 480 km northeast of Yellowknife, in Nunavut, about 75 km southwest of Bathurst Inlet on the Arctic Ocean. Hackett River, owned by Sabina Silver Corporation, is considered one of the largest undeveloped massive sulphide deposits in Canada.
In March, 2007 they indicated that the “Preliminary Economic Assessment” of the Hackett River deposit was positive on production of 12 million oz. of Ag, and 324 million pounds of zinc per year, with a mine life of 13.6 years.
In January, 2008 Sabina filed for a Type A water license with the Nunavut Water Board (NWB) for Hackett River, which included a preliminary project proposal. This was the first formal step in the permitting process for Hackett River.
In September, 2008 the Minister of Indian and Northern Affairs concurred with the Nunavut Impact Review Board (NIRB) screening decision, of April, 2008, suggesting that the Hackett River project move forward to a public review (a Part 5 review under Article 12 of the Nunavut Land Claims Agreement). As part of this review process the company held scoping meetings in Kitikmeot communities during October, 2008.
A mineral resource update was provided in March, 2009. A substantial increase in open pit material with sustained grades was indicated. It was also noted that the opportunity to open pit mine the higher grade mineralization first could reduce mining costs, and that since the bulk of the existing resource is within the first 400 meters of surface, they may be able to defer or eliminate the requirement for any underground capital.
Contact:
Sabina Silver Corporation
Phone: (604) 998-4175
Email: via website
Website: www.sabinagoldsilver.com
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