TORONTO, March 21, 2019 /CNW/ - Sable Resources (TSX.V:
SAE) (the "Company" or "Sable") is pleased to announce the drill
results from drillholes M-DDH-19-22 from the company's active Stage
II 19-hole drill program targeting the Margarita Vein and including
the first exploration drillholes in four other veins identified at
the Margarita Project, Chihuahua State, Mexico.
Drillholes M-DDH-19-22 is located on the same section line as
previously released drillhole M-DDH-18-14 (Sable Press Release
28 February, 2019), north west of
holes M-DDH-18-08 and M-DDH-18-06 and south west of holes
M-DDH-18-05 and M-DDH-18-07.
Highlights
M-DDH-19-22
72.93 g/t AgEq (63.22 g/t Ag; 0.14%
Zn; 0.049% Pb) over 12.50m
from 39.75m to 52.25m
Including
143.35 g/t AgEq (126.21 g/t Ag; 0.24%
Zn; 0.098%Pb) over 4.80m
from 40.95m to 45.75m
175.97 g/t AgEq (96.90 g/t Ag; 1.19% Zn;
0.36%Pb) over 12.80m from
68.60m to 81.40m
Including
529.24 g/t AgEq (212.57 g/t Ag; 4.52% Zn; 1.81%Pb) over
1.9m from 75.20m to 77.10m
"Hole 22 exhibits our best zinc and lead values to date."
commented Ruben Padilla, Vice
President of Exploration for Sable. "We are very happy to have
identified a new vein in the hanging wall of the margarita
structure with this hole."
True widths are estimated to be 90% of the intercept based on
vein to core angle. Detailed drill results, location plan and
sections are available from the Sable website (sableresources.com).
Silver equivalent is calculated based on USD15.50 per ounce for Silver, USD 0.95 per pound for Lead and USD1.20 per pound for Zinc and USD1200 for gold with 100% recovery.
ABOUT THE MARGARITA PROJECT
Acquired as part of Sable
Resources Upper Level Epithermal Strategy, the Margarita
Project is located in the Satevó Municipality in
Chihuahua state, approximately 120km SW of the state capital
of Chihuahua City, and 110km NNW of the
historic Parral mining district. The Project lies
on strike with Sunshine Silver Corp.'s Los Gatos
Project. Hosted in Eocene-Oligocene Volcanics, Margarita is
defined by 4 veins; Margarita, El Caido, Juliana and
Maria on 2 claims totally encompassed by Sunshine Silver.
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.
Sample Preparation and QAQC
Sample preparation was
carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of
ALS Minerals, at their laboratory at Chihuahua, State of Chihuahua, Mexico. Analyses were
carried out at their laboratory in North
Vancouver, British Columbia, Canada. Sample preparation was
by drying in an oven at a maximum temperature of 60°C, fine
crushing of the sample to at least 70% passing less than 2 mm,
sample splitting using a riffle splitter, and pulverizing a 250 g
split to at least 85% passing 75 microns (code PREP-31).
Gold was analyzed by fire assay of a 30 g sample split with
detection by atomic absorption spectrophotometer (AAS) (code
Au-AA23). Multi-elements were analyzed by a four acid, near total
digestion of a 1 gram sub-sample with detection by inductively
coupled plasma atomic emission spectrometer (ICP-AES) for 33
elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K,
La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W,
Zn) (code MEICP61).
This digestion method dissolves most minerals but not all
elements are quantitatively extracted in some sample matrices.
Mercury was analyzed by aqua regia digestion, cold vapor
extraction, and AAS detection with a lower limit of detection of
0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass
spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm
(code Hg-MS42).
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.