SOURCE: Sabina Silver Corporation

July 11, 2007 10:57 ET

Sabina Commences Drilling at Del Norte on "3 Oz Vein" Target

THUNDER BAY, ON--(Marketwire - July 11, 2007) - Sabina Silver Corporation (TSX-V: SBB)) is pleased to announce the commencement of the 2007 drilling program on the Del Norte project in the Stewart-Eskay Creek Mining District, British Columbia, Canada.

The program is targeting a wide gold-mineralized alteration corridor containing local high grade gold values. Previous highlights from the "3 Oz Vein" target on the Del Norte Property include:

* Gold values of up to 26.77 g/tonne gold (0.78 oz/ton) over 0.70m within a broad interval of gold mineralization grading 2.52 g/tonne gold (0.07 oz/ton) over 32.40 meters (29m true width).

Three holes drilled on the "3 Oz Vein" trend in 2006 tested the vein/shear zone over a vertical distance of approximately 300 m on one section. True thickness of the "3 Oz Vein" is estimated to be approximately 29 m (95 feet). Surface samples from the "3 Oz Vein" returned values of up to 29.65 g/t gold (0.86 oz/ton). High-grade surface samples and the presence of high-grade gold values in Hole SDN-06-02 warrant additional exploration along this robust vein/shear zone which is open to the north and south and to depth. The 2007 program will step out and test continuity along strike.

Significant historical results obtained by Sabina as Operator during the 2005 and 2006 exploration seasons and previously reported from the Del Norte Property include:

"SP" Vein  Up to 3910 g/t (114 oz/ton) silver, 19.5 g/t (0.57 oz/t) gold
"3 Oz" Vein Up to 176g/t (5.13 oz/t) silver, 29.65g/t (0.86 oz/t) gold
Crackle Zone Up to 2630g/t (76.7 oz/t) silver, 9.47g/t (0.27 oz/t) gold

LG and K-Zone 3781g/t (110.3 oz/ton) silver and 71.31g/t (2.08 oz/ton)
gold over .875m/2.8 ft.
"SP" Vein 1,208 g/t silver (35.2 oz/ton), 26.54 g/tonne gold
(0.77 oz/ton) over 1.0m
"3 Oz" Vein 26.77 g/tonne gold (0.78 oz/ton) over 0.70m within
2.52 g/tonne gold (0.07 oz/ton) over 32.40m (29m true width)
Establishing a continuum between silver and gold-rich vein breccia type mineralization encountered to date at Del Norte and precious metal-enriched exhalative mineralization typifying the Eskay Creek Deposit 70km to the northwest in the same Hazelton Mountain Group geological trend remains a priority at the Del Norte Project.

The 2007 exploration program at Del Norte will be funded by Sabina according to terms of an option agreement with Teuton Resources Corp. (TSX-V: TUO) whereby Sabina Silver can earn up to a 65% interest by spending $2.5 million on the property over four years and taking the project to a feasibility study.

Harvey Klatt, P.Geo., is the Qualified Person for Sabina Silver Corporation on the Del Norte Project and has reviewed the content of this press release.

Sabina Silver Corporation is a well funded Canadian public mineral exploration and development company with assets and ongoing exploration and development extending into prefeasibility at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District, several gold projects in the Red Lake gold camp and the new Rockstone zinc-silver project in the Thunder Bay Mining District.


"Abraham Drost," M.Sc., P.Geo.

For further information, please contact:
Abraham Drost
401-1113 Jade Court
Thunder Bay, Ontario
Phone: 807-766-1799
Fax: 807-345-0284
Note : * conversion of g/t (metric tonnes) x 0.029166 = oz/t (short tons)

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The foregoing securities have not been, nor are there any current plans to register said securities under the United States Securities Act of 1933, as amended, and these securities may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.

Sabina Silver Corporation does have a Moody's/Mergent Manual ("Blue Sky") exemption allowing distribution without registration in 39 states for secondary trading transactions only. Always consult a Registered Investment Advisor.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may," "will," "plan," "expect," "anticipate," "estimate," "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Sabina Silver Corporation does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange does not accept responsibility for the accuracy or the adequacy of this release.

Thunder Bay, ON:  July 11, 2007
Shares Issued:    66,300,853

Contact Information

  • For further information, please contact:
    Abraham Drost
    401-1113 Jade Court
    Thunder Bay, Ontario
    Phone: 807-766-1799
    Fax: 807-345-0284
    Email: Email Contact