Sabina Gold & Silver Finalizes Lump Sum Bid Agreement for Physical Plant Construction
Retrieved on:
Thursday, January 12, 2023
VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX/ SGSVF - OTCQX) is pleased to announce it has finalized the lump sum contract with a northern constructor to build the process plant and ancillary buildings at its Goose Mine on its 100% owned Back River Gold District in Nunavut, Canada. The Goose Mine is the Company’s first mine on the 80 km long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world class gold endowment.
Key Points:
- The Goose Mine is the Company’s first mine on the 80 km long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world class gold endowment.
- CGT Industrial (“CGT”) is composed of Clark Builders, Gisborne Industrial Construction Ltd. and PTW Energy Services, leaders in their respective fields of construction including concrete, buildings, mechanical and electrical services.
- Additional scope has been added to the original bid proposal which includes the power plant and the Port fuel farm.
- CGT’s experience in Northern plant construction de-risks the execution of the Project and provides a higher degree of certainty to the associated costs.