VANCOUVER, BC, July 28, 2020
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE)
is pleased to announce that it has received first results from
preliminary confirmation sampling at its recently optioned El
Fierro project in San Juan Argentina.
Results from the 14 samples collected during Sable's first field
visit to the property returned high grades of Ag in excess of the
10,000g/t analytical detection limit, with Pb up to 6.42%, and Cu
up to 1.6% at the Fierro Bajo zone and Ag up to 360 g/t, Au up to
6.2g/t, Pb in excess of the 20% detection limit and Zn in excess of
the 30% analytical detection limit at Fierro Alto zone. 11 of
the 14 samples returned greater than 100g/t Ag. The table below
shows the results for the economically important elements:
![Table 1 (CNW Group/Sable Resources Ltd.) Table 1 (CNW Group/Sable Resources Ltd.)](https://mma.prnewswire.com/media/1220309/Sable_Resources_Ltd__Sable_Receives__10_000_g_t_Ag_Sample_from_E.jpg)
Ruben Padilla, President and CEO
of Sable stated, "We are very pleased with these first results that
demonstrate the existence of very high-grade silver ore shoots at
El Fierro. These results confirm that a very strong
mineralised system is present at El Fiero. We are also greatly
encouraged with the high gold values as gold was never assayed
historically at El Fierro. We are looking forward to
providing additional results from the ongoing El Fierro exploration
program in the near term."
The El Fierro Project is located 250 km northwest of San Juan,
Argentina and 120 km north of
Sable's Don Julio Project in one of the best-known historical
mining districts in the San Juan province. The El Fierro
Project consists of two known main mineralized areas, Fierro Alto
and Fierro Bajo over a trend of 6km. Both areas host a
significant number of old mining workings where silver, lead, and
zinc were intermittently mined since the late 1800's until the
1960s decade, the property has never been drilled. Sable recently
signed two option agreements covering 6,054 hectares and the
Company controls all the historically known mineralized zones
at El Fierro (see May 14, 2020 press
release). The following maps show the location of samples
within Sable's property and distribution of values at Fierro Alto
and Fierro Bajo zones.
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 (68,718ha) incorporating the Don
Julio Project and the El Fierro 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.
Related link: sableresources.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider, as that term is defined in the policies of the TSX
Venture Exchange, accepts responsibility for the adequacy or
accuracy of this release.
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in Argentina 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. Over limit Ag,
Cu, Pb, Zn OG46 analyses are conducted when samples exceed the
upper detection limit; this method includes Aqua Regia digestion
and ICP-AES finish. Method Ag-GRA21 which includes Fire Assay with
gravimetric finish is applied when Ag exceeds 1500 g/t. 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., Vice
President Exploration is the Company's Qualified Person as defined
by NI 43-101. He has reviewed and approved the technical
information in this news release.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on Sable's current belief or assumptions
as to the outcome and timing of such future events. Actual future
results may differ materially. Although such statements are based
on reasonable assumptions of Sable's management, there can be no
assurance that any conclusions or forecasts will prove to be
accurate.
While Sable considers these assumptions to be reasonable based
on information currently available, they may prove to be incorrect.
Forward looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include risks
inherent in the exploration and development of mineral deposits,
including risks relating to changes in project parameters as plans
continue to be redefined, risks relating to variations in grade or
recovery rates, risks relating to changes in mineral prices and the
worldwide demand for and supply of minerals, risks related to
increased competition and current global financial conditions and
the COVID-19 pandemic, access and supply risks, reliance on key
personnel, operational risks, and regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits,
financing, capitalization and liquidity risks.
The forward-looking information contained in this release is
made as of the date hereof, and Sable is not obligated to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE Sable Resources Ltd.