TORONTO, June 20, 2019 /CNW/ - Sable Resources (TSX.V:
SAE) (the "Company" or "Sable") is pleased to announce
the discovery of base metal skarn mineralisation at their Don
Julio Project, San Juan Province, Argentina. The mineralisation can be traced
for over one kilometre along strike and returned channel samples of
up to 7.91% combined Zn-Pb (3.17% Pb, 4.8%) over 1m and 4.97% Cu over 1m. Channel samples were taken perpendicular to
the mineralised horizon and are considered to represent true
width.
Near end of the 2018-2019 field season, skarn mineralization was
discovered by prospecting a 1.2 km long shallow to moderately
dipping calcareous unit located on the northwestern boundary of a
porphyritic intrusive center. The unit is largely contact
metamorphosed to marble with disseminated garnets, amphiboles,
epidote, and pyroxenes with multiple sub-parallel "manto" type
sulphide-rich horizons with galena, sphalerite, ±chalcopyrite and
observed thickness ranging from 10cm to 1.3m.
Ten additional samples are pending analysis. The geometry,
number of mantos and metal zoning of the system will be determined
with detailed mapping and sampling during the 2019-2020 field
season.
Ruben Padilla, Sable
Vice-President of Exploration commented, "The discovery of the
calcareous unit and its associated skarn mineralisation is a good
example of boots on the ground exploration success. The size of the
favorable calcareous unit, the observed degree of marbleization and
associated skarn and sulphide rich mineralogy define a high-quality
early stage base metal target.
Table 1. Rock Samples Assays Results from Fermin
Skarn Target.
Sample
|
Target
Zone
|
Sample
Type
|
Width
|
Au (PPM)
|
Ag (PPM)
|
Cu (%)
|
Pb (%)
|
Zn (%)
|
PbZn %
(Combined)
|
E01301
|
Fermin
|
Channel
|
0.1
|
0.407
|
31.2
|
0.0855
|
3.23
|
2.55
|
5.78
|
E01302
|
Fermin
|
Float
|
|
0.0025
|
225
|
0.0027
|
3.36
|
0.0413
|
3.4
|
E01305
|
Fermin
|
Channel
|
1
|
0.0025
|
0.1
|
0.0011
|
0.0039
|
0.0041
|
|
E01306
|
Fermin
|
Channel
|
1
|
0.0025
|
19.9
|
0.0067
|
3.17
|
4.8
|
7.97
|
E01307
|
Fermin
|
Channel
|
1.3
|
0.0025
|
0.7
|
0.0009
|
0.252
|
0.368
|
0.62
|
E01309
|
Fermin
|
Channel
|
1
|
0.0025
|
0.2
|
0.0001
|
0.0051
|
0.0088
|
|
E01392
|
Fermin
|
Selective
|
0.2
|
0.0005
|
4.2
|
1.04
|
0.0358
|
0.0615
|
|
E01403
|
Fermin
|
Float
|
|
0.007
|
34.9
|
0.0107
|
1.625
|
3.92
|
5.55
|
E01404
|
Fermin
|
Float
|
|
0.005
|
0.7
|
0.0362
|
0.0067
|
0.0239
|
|
E01405
|
Fermin
|
Float
|
|
0.004
|
5.4
|
0.607
|
0.0043
|
0.0101
|
|
E01406
|
Fermin
|
Float
|
|
0.014
|
63.9
|
4.3
|
0.0708
|
0.0163
|
|
E01407
|
Fermin
|
Float
|
|
0.003
|
0.5
|
0.0109
|
0.423
|
0.556
|
0.98
|
E01408
|
Fermin
|
Channel
|
0.5
|
0.003
|
12.1
|
0.0022
|
1.98
|
3.57
|
5.55
|
E01510
|
Fermin
|
Float
|
|
0.004
|
8.7
|
0.0367
|
0.059
|
0.955
|
1.01
|
E01511
|
Fermin
|
Float
|
|
0.003
|
7.5
|
0.0024
|
2.05
|
3.11
|
5.16
|
E01514
|
Fermin
|
Selective
|
|
0.001
|
0.2
|
0.0017
|
0.0542
|
0.0898
|
|
E01515
|
Fermin
|
Panel
|
2x1
|
0.028
|
62.9
|
0.51
|
1.67
|
2.63
|
4.3
|
E01516
|
Fermin
|
Selective
|
|
0.003
|
38.5
|
0.17
|
0.958
|
3.71
|
4.67
|
E01517
|
Fermin
|
Channel
|
1
|
0.009
|
47.5
|
4.97
|
0.378
|
0.157
|
0.54
|
E01518
|
Fermin
|
Panel
|
1x1
|
0.013
|
8.7
|
0.297
|
2.95
|
3.65
|
6.6
|
E01519
|
Fermin
|
Float
|
|
0.0005
|
5.3
|
0.0094
|
0.399
|
0.551
|
0.95
|
E01520
|
Fermin
|
Float
|
|
0.004
|
11.8
|
0.015
|
2
|
3.04
|
5.04
|
E01521
|
Fermin
|
Float
|
|
0.001
|
2.5
|
0.001
|
0.203
|
0.312
|
0.52
|
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 greenfield
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 (1.26 Mha), incorporating the Margarita, Vinata
and El Escarpe drill ready projects and the Scorpius drill ready
project in Peru.
ABOUT THE DON JULIO PROJECT
The Don Julio project
area contains 8 of the 19 known Sable's identified anomalies within
its San Juan exploration program, located in the Cordillera
Frontal of Argentina along the
southern extension of the prolific Miocene El Indio-Pascua
Belt.
The Don Julio project area extends for approximately 12 x 10 km.
The company had completed 1:2,500 scale detailed mapping over 7 of
the 8 known mineral anomalies of the Don Julio cluster and
recognizing mapping in areas located between the main alteration
zones. The mapping work was complemented with 1,486 rocks samples
and 283 talus samples, in addition 8 drill holes were drilled
(3101 m) in the Esperanza and Heaven
Hill targets. The results of the extensive mapping and sampling
carried out by Sable's team identified various porphyry centers
with associated large epithermal alteration and mineralisation on
the margins of the porphyry centers and one skarn system. Final
summary report of the 2018-2019 field season will be available when
all the geochemical analysis of samples collected during this
season are receive.
QUALITY ASSURANCE - QUALITY CONTROL
All samples were
collected by Company representatives under the supervision of the
Qualified Person and transported directly by the company to the
lab. Sample preparation was carried out by ALS Argentina at their
laboratory at Mendoza, Mendoza
Province, Argentina. Gold,
multi-element and Mercury analysis conducted in their laboratories
in Lima, Peru. 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
gram split to at least 85% passing 75 microns (code
PREP-31).
Gold was analyzed by fire assay of a 50 gram sample split with
detection by atomic absorption spectrophotometer (AAS) (code
Au-AA24). 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 ME-ICP61). 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, 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
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this release
SOURCE Sable Resources Ltd.