TORONTO, Feb. 24, 2020 /CNW/ - Sable Resources (TSX.V:
SAE) (the "Company" or "Sable") is pleased to provide additional
results from the Fermin skarn project located within the Don Julio
cluster in San Juan, Argentina.
The new results correspond to additional sampling sections located
north and south of the previously released intervals (See Press
Release, Feb 12, 2020).
Zn, Pb, Ag, and Cu show consistent high values along the 1.9 km
of strike continuity of the limestone layer. As stated previously
the alteration observed is characteristic of a distal skarn
mineralization. The company is now planning additional exploration
to the west of this mineralized area including a large geophysical
survey looking for the potential Au-Cu porphyry/skarn core of the
Fermin system (Figure 1).
"We are very pleased with this new set of results, which are
consistent with our previous sampling and are likely the expression
of a large Au-Cu porphyry-skarn mineralized system", commented
Ruben Padilla, Sable's VP of
Exploration.
For a better understanding of the results, the target can be
divided into 3 zones (Figure 2): Fermin Central, where most of the
previously released samples are located; Fermin North; and Fermin
South. From today's released samples only Section G is
located within the central zone; this section shows the widest
interval with highest grade of ZnEq observed so far at the project,
with 7.26% ZnEq over 21.4m,
associated to the hinge of an overturned fold affecting the
limestones. Although the limestone unit is strongly folded, samples
have been taken perpendicular to bedding and can be considered true
width.
Highlights
Section G
7.26% ZnEq over 21.4m
(3.29% Zn; 1.83% Pb; 0.7% Cu; and 28.24 g/t Ag)
Including:
6.38% Zn over 3.4m (Samples E01990
and E01991) and 5.17% Zn over 1.2m
(Sample E01977)
3.18% Pb over 1.2m (Sample E01977)
and 3.21% Pb over 1.8m (Sample
E01990)
6.22% Cu over 2.0m (Sample
E01985)
138 g/t Ag over 2.0m (Sample
E01985)
Section H
6.3% ZnEq over 2.0m (4.59%
Zn; 1.46% Pb; and 22.5 g/t Ag)
And
0.44% Cu over 4.6m
Section I
3.68% ZnEq over 1.5m (1.91%
Zn; 0.66% Pb; 0.23% Cu; and 26.3 g/t Ag)
Section J
4.88% ZnEq over 0.8m (3.26%
Zn; 1.48% Pb; and 18.3 g/t Ag)
Section K
2.66% ZnEq over 2.0m (1.72%
Zn; 0.74% Pb; and 14.6 g/t Ag)
Section L
5.74% ZnEq over 0.6m (3.71%
Zn; 2.14% Pb; and 13.3 g/t Ag)
Section M
1.32% ZnEq over 3.0m (0.55%
Zn; 0.31% Pb; 0.13% Cu and 7.03 g/t Ag)
Section N
1.89% ZnEq over 7.2m (0.43%
Zn; 0.17% Pb; 0.43% Cu and 8.68 g/t Ag)
And
2.78% ZnEq over 0.8m (0.03%
Zn; 0.40% Pb; 0.29% Cu and 69.5 g/t Ag)
Section O
4.78% ZnEq over 1.0m (2.92%
Zn; 1.87% Pb; 0.06% Cu and 8.8 g/t Ag)
Section P
6.90% ZnEq over 1.6m (4.32%
Zn; 2.01% Pb; and 40.7 g/t Ag)
Section Q
2.3% ZnEq over 1.0m (1.46%
Zn; 0.98% Pb; and 1.9 g/t Ag)
Maps and sections included in this press release as well as
tables with the details of highlighted results are available on
Sable's website (sableresources.com). 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.
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.