TORONTO, Oct. 2, 2018 /CNW/ - Sable Resources (TSX.V: SAE)
(the "Company" or "Sable") is pleased to announce the initiation of
Phase II exploration at the San Juan Regional Exploration Program
located in San Juan Province, Argentina. The 48,000ha San Juan Regional
Program contains fifteen (15) target areas and includes the Don
Julio Project. Phase II exploration will consist of
geochemical sampling, detailed alteration and lithological mapping
of anomalies outside of the Don Julio project area. A total of six
geologists will conduct exploration on ten advanced argillic and
silica spectral targets during the 2018-2019 Argentine summer field
season. The phase II program will be started in parallel to drill
road and pad construction at Don Julio. Drilling is imminent at Don
Julio, on track to begin in the second half of October as
planned.
"At Sable we are very cognizant of developing and maintaining
our exploration pipeline." commented Ruben
Padilla Vice President of Exploration at Sable Resources.
"The initiation of Phase II work in San Juan follows our systematic
exploration methodology and ensures the advancement of our early
stage projects to drill stage as quickly and effectively as
possible, ready for drilling in the 2019 Argentine Summer."
ABOUT THE SAN JUAN REGIONAL PROGRAM
The San
Juan High-Sulphidation Exploration Program covers epithermal
systems associated with the Upper Miocene Olivares volcanic
field, a likely continuation of the El Indio Gold Belt
located at the eastern margin of the Frontal Cordillera of
Chile and Argentina. Sable controls more than 48,000
hectares where the company has identified 15 targets for follow-up
reconnaissance work. The Don Julio cluster comprises 5
of the 15 known targets. Sable completed Phase II work in 3 of the
5 targets of the Don Julio cluster and has recommended that
two of them, Esperanza, and Heaven
Hill advance to drilling (Phase III). Phase II work,
including detailed mapping and sampling is recommended for two of
the other targets of the Don Julio Cluster, Cuchilla
and San Gabriel. During the 2018 summer field season Phase I
– reconnaissance, started in four of the targets located adjacent
to the Don Julio cluster. Results from this limited
reconnaissance work support further follow-up on these additional
targets Lodo, Falla Lodo, San Gabriel, and
Silver Valley.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded
junior grassroots explorer focused on the discovery of new precious
metal projects through systematic exploration in endowed terranes
located in favorable, established mining jurisdictions. Sables'
main focus is developing their large portfolio of new greenfields
projects to resource stage utilizing their Upper Level Epithermal
Strategy. Sable is actively exploring the San Juan Regional Program
(48,000ha) incorporating the Don Julio Project in San Juan
Province, Argentina, the Mexico Regional Program (1.5Mha),
incorporating the Margarita, Vinata and El Escarpe drill ready
projects and the BC Intrusion Related
Program, Canada (13,600ha) incorporating the drill ready
Tulox Project.
QUALIFIED PERSON
Luis Arteaga
M.Sc. P.Geo. Exploration Manager for Sable Resources and the
Company's Qualified Person as defined by NI 43-101 has reviewed and
approved the technical information in this news release.
We seek safe harbor
SOURCE Sable Resources Ltd.