TORONTO, Feb. 12, 2020 /CNW/ - Sable Resources
(TSX.V: SAE) (the "Company" or "Sable") is pleased to provide new
surface sampling results from its Fermin skarn project located
within the Don Julio cluster in San Juan, Argentina. These samples confirm the
discovery made in the 2018-2019 field season.
The Fermin skarn was discovered by the end of the 2018-2019
field season and preliminary results were released in June 2019 (See PR, June
20th 2019). Detailed mapping and systematic
channel sampling started last December and the company has received
results from 78 samples; 99 additional samples are currently being
analyzed.
Geological mapping has shown that the mineralization is hosted
by a limestone unit interbedded within Permian ignimbrites. The
calcareous unit is strongly deformed and altered to marble, and
hornfels, with irregular zones of garnet skarn.
Mineralization consists of sphalerite, galena, chalcopyrite, and
pyrite, normally with stratabound geometry, but also controlled by
structures crosscutting the bedding or showing irregular
geometries. The altered and mineralized calcareous unit outcrops
for 1.9 km along strike.
Au is only weakly anomalous, whereas Zn, Pb, Ag and Cu show
multiple elevated values. The mineralogy and characteristics of the
alteration suggest that Fermin represents the distal zone of a
concealed Cu-Au skarn/porphyry center located west of the
outcropping mineralized area.
"The extension and geochemical expression of the Fermin
project is similar to distal marble fronts associated to
known Cu-Au skarn systems of the Central Andes. These results are
highly encouraging to keep our exploration efforts looking for high
grade skarn close to the causative porphyry intrusion commented
Ruben Padilla, Sable's VP of
Exploration"
Due to the strong deformation, and outstanding strike
continuity, the skarn mineralization has been intensely sampled in
multiple sections with channel samples taken perpendicular to the
limestone bedding, that can be considered true width.
Highlights
Section A
16.073% ZnEq over 2.5m (10.02% Zn; 0.56% Pb; 0.27%
Cu and 10.53 g/t Ag)
Including
9.2% Zn; 4.07% Pb and 99.3 g/t Ag over 1.5m (Sample E01950)
Section B
3.75% ZnEq over 8.2m (1.46%
Zn; 0.99% Pb; 0.31% Cu; and 29.39 g/t Ag)
Including
1.11% Cu over 1.2m (Sample
E01940)
1.92% Pb over 2.0m (Sample
E01941)
2.60% Zn over 2.0m (Sample
E01941)
51.29 g/t Ag over 3.2m (Samples
E01940 and E01941)
Section C
1.55% ZnEq over 6.1m (0.90%
Zn; 0.57% Pb; and 8.22 g/t Ag)
Including:
2.06% Zn and 1.20% Pb over 2.4m
(Samples E01912 and E01915)
Section D
1.80% ZnEq over 14.1m
(0.86% Zn; 0.63% Pb; 0.12% Cu; and 5.69 g/t Ag)
Including:
0.90% Cu over 1.7m (Sample
E01937)
3.08% Pb and 4.1% Zn over 1.6m
(Sample E01932)
Section E
1.22% ZnEq over 7.10m (0.73% Zn; 0.55% Pb; and 2.33
g/t Ag)
Including
3.23% Zn; 2.54% Pb; and 13.1 g/t Ag over 1.1m (Sample E01954)
Section F
2.38% ZnEq over 10.8m
(0.99% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Including
2.64% Zn and 1.58% Pb over 1.5m
(Sample E13004)
1.27% Zn over 1.2m (Sample
E01998)
1.56% Zn over 1.5m (Sample
E01995)
1.25% Cu over 2.0m (Sample
E02000)
Zinc equivalent is calculated considering a 100% recovery and
based on prices of USD 1.08 per pound
for Zinc; USD 17.89 per Oz for
Silver; USD 0.86 per pound for Lead;
and USD 2.80 per pound for Copper;
Gold has not been incorporated in the calculation since the values
are only sporadically anomalous.
Section A
16.073% ZnEq over 2.5m (10.02% Zn; 0.56% Pb; 0.27%
Cu and 10.53 g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Cu
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E01950
|
6626004
|
2429217
|
1.5
|
99.30
|
2150.00
|
40700
|
92200
|
E01949
|
6626004
|
2429218
|
2.0
|
10.60
|
667.00
|
31700
|
56100
|
Section B
3.75% ZnEq over 8.2m (1.46%
Zn; 0.99% Pb; 0.31% Cu; and 29.39 g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Cu
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E01942
|
6626060
|
2429203
|
2.0
|
4.70
|
144.00
|
801
|
3160
|
E01941
|
6626063
|
2429202
|
2.0
|
52.30
|
1630.00
|
19200
|
26000
|
E01940
|
6626068
|
2429203
|
1.2
|
49.60
|
11100.00
|
9440
|
15900
|
E01939
|
6626071
|
2429203
|
1.5
|
5.20
|
1340.00
|
11350
|
13850
|
E01938
|
6626078
|
2429204
|
1.5
|
39.80
|
4640.00
|
8490
|
14200
|
Section C
1.55% ZnEq over 6.1m (0.90%
Zn; 0.57% Pb; and 8.22 g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Cu
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E01916
|
6626036
|
2429240
|
1.2
|
0.70
|
20.00
|
1680.00
|
2220
|
E01915
|
6626037
|
2429239
|
1.4
|
3.00
|
30.00
|
16100.00
|
28300
|
E01912
|
6626040
|
2429238
|
1.0
|
27.70
|
2730.00
|
6390.00
|
9970
|
E01911
|
6626041
|
2429238
|
0.9
|
19.00
|
46.00
|
3740.00
|
2060
|
E01910
|
6626043
|
2429238
|
1.6
|
0.20
|
6.00
|
553.00
|
708
|
Section D
1.80% ZnEq over 14.1m
(0.86% Zn; 0.63% Pb; 0.12% Cu; and 5.69 g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Cu
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E01937
|
6626086
|
2429240
|
1.70
|
32.70
|
9070.00
|
10300
|
16200
|
E01936
|
6626089
|
2429242
|
1.80
|
3.00
|
23.00
|
11600
|
13050
|
E01935
|
6626088
|
2429245
|
1.50
|
0.20
|
6.00
|
182
|
510
|
E01933
|
6626086
|
2429249
|
2.00
|
0.60
|
3.00
|
193
|
364
|
E01932
|
6626085
|
2429245
|
1.60
|
9.10
|
138.00
|
30800
|
41900
|
E01931
|
6626084
|
2429246
|
1.50
|
0.50
|
25.00
|
114
|
329
|
E01930
|
6626083
|
2429247
|
1.60
|
0.10
|
27.00
|
15
|
77
|
E01929
|
6626081
|
2429250
|
1.60
|
1.10
|
372.00
|
154
|
520
|
E01928
|
6626080
|
2429250
|
0.80
|
0.60
|
1150.00
|
14
|
108
|
Section E
1.22% ZnEq over 7.10m (0.73% Zn; 0.55% Pb; and 2.33
g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E01960
|
6626125
|
2429212
|
2.0
|
0.40
|
3910
|
5580
|
E01958
|
6626124
|
2429214
|
0.5
|
1.70
|
4410
|
7280
|
E01957
|
6626124
|
2429215
|
1.5
|
0.20
|
1130
|
1255
|
E01956
|
6626123
|
2429217
|
2.0
|
0.10
|
29
|
71
|
E01955
|
6626122
|
2429218
|
1.1
|
13.10
|
25400
|
32300
|
Section F
2.38% ZnEq over 10.8m
(0.99% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Sample
|
Easting
|
Northing
|
Size
|
Ag
_PPM
|
Cu
_PPM
|
Pb
_PPM
|
Zn _
PPM
|
E13004
|
6626398
|
2429178
|
1.5
|
16.00
|
170.00
|
15850
|
26400
|
E13003
|
6626392
|
2429178
|
1.0
|
7.30
|
346.00
|
2300
|
5050
|
E02000
|
6626391
|
2429176
|
2.0
|
14.10
|
12500.00
|
939
|
3430
|
E01999
|
6626391
|
2429176
|
1.0
|
8.30
|
593.00
|
4880
|
6540
|
E01998
|
6626391
|
2429178
|
1.2
|
8.70
|
53.00
|
9620
|
12750
|
E01997
|
6626391
|
2429179
|
1.0
|
0.20
|
6.00
|
161
|
414
|
E01996
|
6626391
|
2429180
|
1.6
|
4.30
|
26.00
|
4200
|
6330
|
E01995
|
6626391
|
2429182
|
1.5
|
18.90
|
2360.00
|
6460
|
15650
|
ABOUT DON JULIO PROJECT
The Don Julio project area contains 8 of the 19 known Sable's
identified anomalies within its San Juan exploration program (58000
hectares), 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 has
completed systematic geological mapping at 1:2,500 scale over all
the known targets of the Don Julio cluster and recognizing mapping
in areas located between the main alteration zones. The mapping
work was complemented with 1,825 rock samples and 283 talus
samples, in addition 8 drill holes were drilled (3101 m) at the Esperanza and Heaven Hill targets.
The results of the extensive mapping and sampling carried out by
Sable's team identified various magmatic centers with associated
large hydrothermal alteration and different styles of
mineralization including Au-Cu porphyry; IS/HS epithermal; and
skarn.
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. Sable's main focus is developing its 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; and
the Scorpius Project in Ayacucho, Peru.
Sample Preparation and QAQC
Sample preparation for the Don Julio Project is carried out by
ALS Chemex Argentina, a subsidiary of ALS Minerals, at their
facility located in Mendoza, Argentina. Analyses are carried out at their
laboratory in Lima, Peru. Sample
preparation includes 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 an aqua
regia digestion of a 1 gram sub-sample with detection by
inductively coupled plasma atomic emission spectrometer (ICP-AES)
for 35 elements (Ag, Al, As, B, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe,
Ga, Hg, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti,
Tl, U, V, W, Zn) (codes Au-ICP21 and ME-ICP41). 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 and
their results evaluated 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.