Sabina Resources Limited

Sabina Update; Up to 2.09 oz Gold Over 2.26m in High Grade Zone at Follansbee, Red Lake

    Thunder Bay, Canada (ots/PRNewswire) -

    - Shares Issued: 36,524,244

    Sabina Resources Limited (TSX-V: SBB; 60%) as Operator, together with its joint venture partner Wolfden Resources Inc. (TSX: WLF; 40%), is pleased to present assays from recent follow-up drilling on the South Contact Zone on the Follansbee Property at Red Lake, Ontario. These complement today's news from Wolfden's adjacent Bonanza Property along strike and confirm the discovery of a new gold deposit in Red Lake. Hole SWF-05-24 returned a high-grade interval of 71.72 g/t gold (2.09oz/short ton) over 2.26m within a mineralised section grading 12.00 g/t over 15.57m from 324.43 to 340.00m downhole. The assay interval was drilled below a high grade intersection in SWF-05-08 previously reported (Sabina and Wolfden hit 1.53 oz/ton gold over 3.1 m at Red Lake; Feb 9, 2005). Recent drilling has encountered high grade gold mineralisation within a plunging shoot formed by a number of crosscutting structures identified in core, geophysics and surface mapping in the South Contact Zone. Certain gold intersections drilled to date within the shoot form a linear pattern on a high-grade mineralised structure within the shoot. These include:

    - 52.67 g/t Au over 3.10m (SWF-05-08)

    - 39.31 g/t Au over 0.3m (SWF-05-13)

    - 15.35 g/t Au over 0.33m (SWF-05-17A)

    - 9.949 g/t Au over 1.50m (SWF-05-18)

    - 71.72 g/t Au over 2.26m (SWF-05-24).

    Visible gold mineralisation has been noted over a down plunge distance of 200m within this structure and other portions of the shoot to date. The key structure is open to depth and shows potential for additional high-grade gold mineralisation as drilling continues. The relatively near-surface Follansbee South Contact Zone mineralisation is similar to other mineralisation in the Red Lake Gold Camp, which is world renowned for the occurrence of steeply plunging, structurally controlled, very high grade gold mineralisation that may extend to great depth. Today's results from the Follansbee Property complement recent news from Wolfden's adjacent Bonanza Property (June 20, 2005) along strike to the southwest and confirm the discovery of a new gold system in the Red Lake Gold Camp. Assays for Phase 2 holes to date, SWF-05-12 to SWF-05-24, are summarised in the following table (SWF-05-12 to SWF-05-14 previously reported May 3, 2005(x)):

@@start.t1@@      -------------------------------------------------------------------------
      Hole Number    Interval (m)              Assay      Core          Vertical    Visible
                                                            (g/t Au)  Width (m)  Depth (m)  Gold
      -------------------------------------------------------------------------
      SWF-05-12(x)  285.72 to 307.00         3.825        21.29            225          Yes
                            (incl. 8.382 g/t over 3.29m,
                            including 16.6g/t over 1.0m)
      -------------------------------------------------------------------------
      SWF-05-13(x)  291.63 to 302.55          5.85        10.92            175          Yes
                            (incl. 10.076 g/t over 5.30m with
                            21.55g/t Au/1.45m and 39.31g/t Au/0.3m)
      -------------------------------------------------------------------------
      SWF-05-14(x)  No significant values
      -------------------------------------------------------------------------
      SWF-05-15        Abandoned due to excessive deviation near surface
      -------------------------------------------------------------------------
      SWF-05-16        293.50 - 298.30          1.505         4.80            225          No
                            298.68 - 300.2            1.449         1.52                            No
                            301.50 - 304.30          2.338         2.80                            No
      Including        303.50 - 304.30          4.744         0.80                            No
                            306.70 - 307.00         11.917         0.30                            No
      -------------------------------------------------------------------------
      SWF-05-17A      360.00 - 370.84          2.103        10.84            275          Yes
      Including        363.90 - 364.23         15.357         0.33                            Yes
      -------------------------------------------------------------------------
      SWF-05-18        403.50 - 409.68          2.702         6.18            350          No
      Including        405.00 - 407.30          4.830         2.30                            No
                            415.28 - 416.50          1.643         1.22                            No
                            417.60 - 422.00          4.982         4.40                            Yes
                                                                            (incl. 9.949
                                                                            g/t Au/1.5m)
      -------------------------------------------------------------------------
      SWF-05-19A      No Significant Values
      -------------------------------------------------------------------------
      SWF-05-20        346.60 - 348.55          4.470         1.95            300          Yes
      Including        347.05 - 347.65          6.357         0.60                            Yes
      and                 348.06 - 348.36          4.327         0.30                            Yes
      -------------------------------------------------------------------------
      SWF-05-21        284.25 - 295.00          2.025        10.75            200          Yes
      Including        288.00 - 288.85          6.036         0.85                            Yes
      and                 288.55 - 288.85         10.342         0.30                            Yes
      and                 293.00 - 293.50         11.633         0.50                            Yes
      -------------------------------------------------------------------------
      SWF-05-22A      Logging in progress
      -------------------------------------------------------------------------
      SWF-05-23        Logging in progress
      -------------------------------------------------------------------------
      SWF-05-24        324.43 - 340.00         12.000        15.57            265          Yes
      Including        331.94 - 334.20         71.715         2.26                            Yes
      and                 331.94 - 333.00        142.404         1.06                            Yes@@end@@

    The Follansbee South Contact Zone envelops a pyrrhotite-rich sulphide horizon containing arsenopyrite and specks of visible gold, at or near the contact between conglomeratic metasediments of the Bruce Channel assemblage and older mafic metavolcanic rocks of the Balmer assemblage. This geological setting is stratigraphically similar to that at Goldcorp's Red Lake Mine and Placer Dome's Campbell Mine properties located approximately 3km to the east.

    This release has been prepared under the supervision of David S. Hunt, P.Geo., Qualified Person under the meaning of National Instrument 43-101. All assays are being performed by Accurassay Laboratories, Thunder Bay.

    Sabina is a Canadian mineral exploration and development company with investment in a diversified portfolio of advanced stage exploration properties. This includes the silver and zinc-rich Hackett River base metal property that presently has two drills operating and for which a resource estimated is presently being calculated. Sabina is debt free and has a strong treasury.

    The statements made in this Press Release may contain forward looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

    Visit our web site at www.sabinaresources.ca

ots Originaltext: Sabina Resources Limited
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
Abraham Drost, Phone: +1-807-766-1799, Fax: +1-807-345-0284, Email:
info@sabinaresources



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