North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Sabre Gold Mines Corp. Dec. 14 reported that its Brewery Creek mine project in Canada's Yukon now hosts more than 1 million ounces of gold in the measured and indicated resource categories.

Sabre Gold was created as the result of a merger between Golden Predator Mining Corp. and Arizona Gold Corp. that was finalized in September.

At the time of the merger, Golden Predator's Brewery Creek property hosted 22.2 million metric tons of indicated leachable resource averaging 1.11 grams per metric ton (789,000 oz) gold, plus 16.8 million metric tons of inferred leachable resource at 0.92 g/t (497,000 oz) gold.

A 32-hole resource upgrade and expansion drill program, however, had been completed at the Yukon gold property since that resource had been calculation.

According to the newest calculation, Brewery Creek hosts 34.5 million metric tons of measured and indicated resources averaging 1.03 g/t (1.14 million oz) gold, plus 35.9 million metric tons of inferred resource averaging 0.88 g/t (1.02 million oz) gold.

These resources will form the basis of a preliminary economic assessment that is slated for completion in January.

Prior to its merger with Arizona Gold, Golden Predator was advancing work towards a feasibility study for the restart of mining at Brewery Creek, home to a seasonal open pit and heap leach operation that produced roughly 280,000 oz of gold over seven years of mining that began in 1996.

While Sabre has decided to begin its investigation of a renewed Brewery Creek mine with a PEA, the company says this scoping study will benefit from the feasibility level work completed by Golden Predator. The stepped approach will also provide Sabre the opportunity to test resource expansion targets prior to expanding the potential scope of a future mine.

"We are very pleased with the significant increase in the measured and indicated categories of over 350,000 ounces," said Sabre Gold Mines President and CEO Giulio Bonifacio. "Sabre Gold intends to further expand gold resources at Brewery Creek in 2022 which will further enhance what are expected to be attractive economics in our upcoming PEA."

Sabre Gold is developing a 2022 drill program for Brewery Creek that is expected to include infill drilling to upgrade inferred resources within the trend of deposit in and around the historical open pits, as well as expansion drilling at three outlying targets – Classic, Lonestar, and Sleeman.

Lying about 3,000 meters south of the historically mined trend, Classic is a deposit that was originally discovered in 1991 but remains underexplored and poorly understood.

Highlights from 13,478 meters of historical drilling at Classic include:

• 41.2 meters of 1.04 g/t gold from a depth of 131.1 meters.

• 33.5 meters of 0.95 g/t gold from a depth of 99.1 meters.

• 200 meters of 0.38 g/t gold from surface.

The previous drilling has outlined a deposit that is roughly 1,400 meters long, 30 meters wide, and 240 meters down dip.

The Lone Star zone, which lies adjacent to the southeast side of the Classic zone, was first recognized by soil sampling in the 1990s but was not drilled until 2012.

Highlights from the 6,147 meters of drilling completed at Lone Star includes:

• 32 meters of 0.81 g/t gold from a depth of 172.2 meters.

• 10.7 meters of 1.14 g/t gold from a depth of 25.9 meters.

• 21.3 meters of 2.24 g/t gold from 166.1 meters.

• 27.4 meters of 1.24 g/t gold from a depth of 1.5 meters.

This drilling has outlined a deposit that is roughly 1,100 meters long, 20 meters wide, and 220 meters down dip.

Sleeman, which lies about 5,000 meters northeast of Classic, is similar to other deposits at Brewery Creek with the exception of elevated base metal concentrations, particularly lead and zinc.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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