Exploration drilling later in the year is planned at the Fold Forest target area where previous drilling results, for example 2.29 g/t over 13.0 m in hole 12GRL047 and 5.92 g/t over 5.0 m in hole 12GRL046, indicate the potential in the target area for expanding open pit mineralization over a broader area.
To further support the development of the Back River project, significant engineering and environmental studies are underway.
-- Ongoing metallurgical, geo-technical and geo-mechanical investigations are underway to provide higher confidence in the deposits and to better define mine sequencing.-- Pre-feasibility open pit and underground mine designs have been completed and are being reviewed and incorporated into an initial mining schedule, focus of the mining schedule is on open pit mine development and stockpile management.-- Process plant flow sheets, layouts and preliminary design criteria are complete, equipment specifications and engineering for the process plant and other site infrastructure (tailings storage facility, truck shop, administration building, camp, etc.) are underway.-- Trade off studies on alternative lay down/port areas are underway and substantially completed.-- Extensive environmental baseline monitoring and data collection, which started in 2010, is ongoing and expected to satisfy all requirements for the draft EIS. This information will enable the Company to form a framework for an environmental management system to minimize the projects impacts on employee health and safety, water and air quality, waste management and reclamation.
A number of camp improvement projects are also currently underway on site. A quarry has been established and a mobile crushing plant commissioned in close proximity to the Goose camp to provide crushed rock/gravel for the construction of an all-weather airstrip at Goose Camp. Crushed rock/gravel will also be used to facilitate longer term fuel storage and additional improvements to camp safety.
Community engagement will also continue with plans for multiple visits to all involved communities in 2013. Sabina has launched www.backriverproject.com to support its goal of working closely with the Kitikmeot residents, communities and stakeholders.
Advance Notice Policy
Sabina is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all nominees; and (iii) allowing shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation. To this end, the Board of Directors has adopted the Advance Notice Policy.
The purpose of this Policy is to provide shareholders, directors and management of the Corporation with a clear framework for nominating directors. This Policy fixes a deadline by which holders of record of common shares of the Corporation must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Corporation for the notice to be in proper written form in order for any director nominee to be eligible for election at any annual or special meeting of shareholders. No person will be eligible to be elected as a director unless nominated in accordance with the policy.