TORONTO, June 11, 2019 /CNW/ - Sable Resources (TSX.V:
SAE) (the "Company" or "Sable") is pleased to announce the
completion of the second round of drilling at the Margarita Silver
Project, Chihuahua State, Mexico.
The first drill program, consisting of 12 holes was completed in
September 2018 and targeted the core
of the Margarita structure, delineating a high-grade
silver-dominated core encompassed by a lower-grade halo. The second
round of drilling was initiated in February
2019 following encouraging assay and metallurgical results
from round one. Consisting of 23 holes the second drill program
targeted the full strike extent of the main Margarita structure as
well as additional parallel mineralised structures. This release
presents assay results from the final 15 holes; M-DDH-19-13,
M-DDH-19-16, M-DDH-19-17, M-DDH-19-23, M-DDH-19-25, M-DDH-19-26,
M-DDH-19-27, M-DDH-19-28, M-DDH-19-29, M-DDH-19-30, M-DDH-19-31,
M-DDH-19-32, M-DDH-19-33, M-DDH-19-34 and M-DDH-19-35.
![Sable Resources Ltd. (CNW Group/Sable Resources Ltd.) Sable Resources Ltd. (CNW Group/Sable Resources Ltd.)](https://mma.prnewswire.com/media/900325/Sable_Resources_Ltd__Sable_Completes_Stage_II_Drilling_at_Margar.jpg)
"Drilling at Margarita was completed on time and under budget
allowing us to drill an extra 4 holes." commented Tom Obradovich, Sable's President & CEO. "We
now have a clear picture of the potential at Margarita and will be
advancing the project accordingly".
Highlights
DDH
|
Length
|
From
|
To
|
AgEq
(g/t)
|
Ag
(g/t)
|
Au
(g/t)
|
Pb
(%)
|
Zn
(%)
|
M-DDH-19-13
|
No significant
intercepts
|
M-DDH-19-16
|
5.70
|
24.15
|
29.85
|
54.87
|
38.57
|
NA
|
0.06
|
0.25
|
Including
|
0.55
|
27.80
|
28.35
|
140.71
|
91.1
|
NA
|
0.37
|
0.64
|
M-DDH-19-16
|
1.80
|
40.90
|
42.70
|
79.03
|
72.43
|
NA
|
NA
|
0.12
|
M-DDH-19-16
|
3.05
|
44.20
|
47.25
|
46.40
|
46.40
|
NA
|
NA
|
NA
|
M-DDH-19-17
|
11.55
|
28.10
|
39.65
|
42.02
|
34.86
|
NA
|
NA
|
0.13
|
Including
|
4.5
|
30.65
|
35.15
|
62.29
|
54.26
|
NA
|
NA
|
0.15
|
M-DDH-19-23
|
4.15
|
78.65
|
82.80
|
34.57
|
29.23
|
NA
|
NA
|
0.10
|
Including
|
1.4
|
78.65
|
80.05
|
68.55
|
56.52
|
NA
|
NA
|
0.22
|
M-DDH-19-25
|
7.65
|
118.95
|
126.60
|
53.03
|
42.01
|
NA
|
0.056
|
0.16
|
M-DDH-19-25
|
7.60
|
137.25
|
144.85
|
125.21
|
63.46
|
NA
|
0.75
|
0.56
|
Including
|
3.05
|
138.75
|
141.80
|
274.86
|
139.90
|
NA
|
1.75
|
1.15
|
M-DDH-19-26
|
8.45
|
43.40
|
51.85
|
99.03
|
92.68
|
NA
|
0.099
|
0.025
|
Including
|
3.2
|
45.75
|
48.95
|
200.01
|
193.17
|
NA
|
0.049
|
0.089
|
M-DDH-19-27
|
7.35
|
76.55
|
83.90
|
31.99
|
31.99
|
NA
|
NA
|
NA
|
Including
|
2.1
|
79.30
|
81.40
|
57.8
|
57.8
|
NA
|
NA
|
NA
|
M-DDH-19-27
|
6.1
|
108.60
|
114.70
|
34.56
|
34.56
|
NA
|
NA
|
NA
|
Including
|
1.5
|
108.60
|
110.10
|
66.5
|
66.5
|
NA
|
NA
|
NA
|
M-DDH-19-28
|
No significant
intercepts
|
M-DDH-19-29
|
4.60
|
112.80
|
117.40
|
71.69
|
63.95
|
NA
|
0.08
|
0.08
|
Including
|
2.2
|
113.75
|
115.95
|
118.12
|
106.75
|
NA
|
0.13
|
0.10
|
M-DDH-19-30
|
6.0
|
76.0
|
82.0
|
87.44
|
66.37
|
NA
|
NA
|
0.39
|
Including
|
1.5
|
76.0
|
77.5
|
113.99
|
88.6
|
NA
|
NA
|
0.47
|
M-DDH-19-31
|
5.05
|
79.30
|
84.35
|
166.50
|
166.50
|
NA
|
NA
|
NA
|
Including
|
1.55
|
80.80
|
82.35
|
426.51
|
426.51
|
NA
|
NA
|
NA
|
M-DDH-19-32
|
62.50
|
90.0
|
152.50
|
34.67
|
28.35
|
NA
|
0.03
|
0.08
|
Including
|
4.60
|
140.30
|
144.90
|
128.73
|
104.45
|
NA
|
0.29
|
0.22
|
M-DDH-19-33
|
5.15
|
49.75
|
54.90
|
24.75
|
24.75
|
NA
|
NA
|
NA
|
Including
|
0.8
|
51.20
|
52.0
|
69.50
|
69.50
|
NA
|
NA
|
NA
|
M-DDH-19-33
|
9.35
|
66.90
|
76.25
|
24.69
|
24.69
|
NA
|
NA
|
NA
|
Including
|
1.1
|
68.80
|
69.90
|
79.30
|
79.30
|
NA
|
NA
|
NA
|
M-DDH-19-34
|
59.50
|
80.80
|
140.30
|
92.92
|
67.79
|
NA
|
0.13
|
0.36
|
Including
|
3.05
|
85.40
|
88.45
|
286.34
|
230.09
|
NA
|
0.43
|
0.71
|
|
1.75
|
100.75
|
102.50
|
249.23
|
220.42
|
NA
|
0.28
|
0.31
|
|
1.65
|
118.45
|
120.10
|
252.17
|
190.39
|
NA
|
0.40
|
0.83
|
|
5.60
|
125.55
|
131.15
|
234.68
|
152.90
|
NA
|
0.38
|
1.23
|
M-DDH-19-35
|
32.90
|
78.40
|
111.30
|
37.75
|
33.88
|
NA
|
NA
|
0.07
|
Including
|
4.60
|
82.35
|
86.95
|
94.46
|
86.0
|
NA
|
NA
|
0.15
|
|
3.05
|
106.75
|
109.80
|
79.70
|
70.29
|
NA
|
NA
|
0.17
|
M-DDH-19-35
|
17.90
|
130.0
|
147.90
|
38.07
|
23.09
|
NA
|
0.097
|
0.20
|
Including
|
1.55
|
144.85
|
146.40
|
139.02
|
76.80
|
NA
|
0.48
|
0.78
|
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 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
(58,000ha) incorporating the Don Julio Project in San Juan
Province, Argentina, the Mexico Regional Program (1.16Mha in
application, 39,000ha titled) incorporating the Margarita, Vinata
and El Escarpe projects.
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 inductively coupled plasma atomic emission
spectrometer (ICP-AES); multi-elements were analyzed by a four
acid, near total digestion of a 1 gram sub-sample with detection by
inductively coupled plasma atomic mass spectrometer ICP-MS for 48
elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe,
Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re,
S, Sb, Sc, Se, Sn Sr, Ta, Th, Te, Ti, Tl, U, V, W, Y, Zn, Zr)
(codes Au-ICP21 and ME-MS61). This digestion method dissolves most
minerals but not all elements are quantitatively extracted in some
sample matrices. Control samples (standards, blanks, and
duplicates) are inserted systematically according to the Company
protocols.
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.