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Vancouver, British Columbia, Canada – March 1, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce continued positive underground drilling results at its 100% owned Copperstone gold project located in Arizona, United States.  
Mike Maslowski, Vice President of Technical Services and Exploration of Sabre Gold stated: “We have now received further assays which continue to show better than expected continuity of the mineralized shear zone with extremely positive grades that will prove helpful as we moved to mine design and scheduling”

Drilling Highlights Include:

• RC P6F58                  4.6 m at 26.9 g/t including 3.0 m at 38.5 g/t

• RC P2E93                  6.0 m at 15.5 g/t including 3.0 m at 26.5 g/t

• RC P2C26                  3.0 m at 19.7 g/t

• RC P2A06                  3.0 m at 18.6 g/t

• RC P2C34                  3.0 m at 19.7 g/t

• RC P2C29                  3.0 m at 15.0 g/t

Assay results for the underground reverse circulation (“RC”) drill program have been received on 67 out of the 83 RC holes sampled and submitted with further assays results pending. 

Holes were drilled from eight drill stations targeting the D zone and two stations targeting the C Zone.  Complete results have been received on two stations for the Zone D and partial results on the remainder.  The results continue to show good strike and dip continuity of the zones thickness and gold grade.  As anticipated, local high-grade intercepts ranging from 10.0 g/t to 30.0 g/t gold have been returned from various holes across the drill fans. Drill station location and drill cross sections showing the drill holes follow in this release.

 

Table 1: Underground RC Drilling

(1) Au grades herein are reported as uncapped values.
(2) Estimated perpendicular distance between footwall and hanging wall of the mineralized interval.

www.sabre.gold).

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking information under Canadian securities legislation including statements regarding drill results, potential mineralization, potential expansion and upgrade of mineral resources and current expectations on future exploration and development plans. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to: the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and  other risks involved in the mineral exploration and development industry. Risks and uncertainties about Sabre Gold’s business are more fully discussed in the Company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Sabre Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.