Sabina won’t share Sidewalk

Junior explorer Sabina Resources (SBB-V) will buy out the minority interest in its Golden Sidewalk property in Skinner Twp., Ont., in the Birch-Uchi Lake greenstone belt.

To buy out the interest, Sabina will pay $28,000 cash and, subject to Venture Exchange approval, issue 110,000 shares to the vendor, privately owned St. Mary Resources.

Sabina recently did induced-polarization surveys over the property, which showed a 600-metre-long zone of chargeability coincident with the Joe vein, a surface showing with visible gold. Sabina’s earlier channel sampling across the Joe vein returned an average grade of 80.6 grams gold per tonne over 2.4 metres width.