VANCOUVER, Sept. 15, 2020 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) is pleased to announce that
it has received new results from the Fierro Alto zone at the El
Fierro project in San Juan Argentina. More than 1.2 km of
veining was mapped at Fierro Alto, defining two parallel structures
(F vein and G vein) each outcropping for over 500 metres and three
additional high-grade structures (J vein, K vein, and L vein) that
will require further trenching for definition along strike. The
Fierro Alto zone is located 6 km west of the Fierro Bajo zone where
high-grade results were previously released by the Company (see
Sable press release of August 12,
2020).
Highlighted Results:
K Vein
- 1,475.07 g/t AgEq (685 g/t Ag; 20% Pb; 1.56 g/t Au) Grab
sample
- 979.94 g/t AgEq (329 g/t Ag; 16.8% Pb; 0.89 g/t Au; 0.21% Cu)
Grab sample
F Vein – North Branch
- 513.34 g/t AgEq (145 g/t Ag; 8.76% Pb; 0.258 g/t Au; 1.4% Zn)
Channel sample over 0.6m
- 1,300.40 g/t AgEq (529 g/t Ag; 20% Pb; 0.673 g/t Au; 0.542% Zn;
0.31% Cu) Grab sample
F Vein – South
Branch
- 750.2 g/t AgEq (292 g/t Ag; 7.41% Pb; 2.15 g/t Au; 0.368% Zn;
0.17% Cu) Channel sample over 0.35m
- 1,407.97 g/t AgEq (516 g/t Ag; 20% Pb; 2.45 g/t Au; 0.169% Zn;
0.189% Cu) Channel sample over 0.2m
G Vein
- 1,946.50 g/t AgEq (1,070 g/t Ag; 20% Pb; 0.38 g/t Au; 1.03% Zn;
1.33% Cu) Channel sample over 0.25m
- 430.19 g/t AgEq (129 g/t Ag; 3.21% Pb; 1.94 g/t Au; 0.22% Zn;
0.22% Cu) Channel sample over 0.45m
- 360.51 g/t AgEq (76.4 g/t Ag; 2.47% Pb; 2.04 g/t Au; 0.22% Zn;
0.21% Cu) Grab sample
- 276.12 g/t AgEq (50.3 g/t Ag; 1.36% Pb; 2.05 g/t Au; 0.22% Zn)
Channel sample over 0.40m
- 243.48 g/t AgEq (105 g/t Ag; 0.75% Pb; 0.371 g/t Au; 0.83% Zn;
0.45% Cu) Grab sample
- 57.84 g/t AgEq (8.6 g/t Ag; 0.584% Pb; 0.212 g/t Au; 0.295% Zn)
Channel sample over 0.9m
- 112.86 g/t AgEq (17.05 g/t Ag; 0.927% Pb; 0.599 g/t Au; 0.363%
Zn) Channel sample over 1.7m
L Vein
- 515.95 g/t AgEq (86.6 g/t Ag; 12.3% Pb; 0.058 g/t Au; 0.46% Zn)
Channel sample over 0.25m
J Vein
- 1,150.13 g/t AgEq (445 g/t Ag; 20% Pb; 0.547 g/t Au) Grab
sample
Ruben Padilla, President and CEO
of Sable commented, "These results confirm a second,
well-developed, high-grade vein zone at the El Fierro Project, with
similar mineralisation to that identified at Fierro Bajo six
kilometres away. We consider these areas to be part of a
larger gold-silver mineralized district and preparations are
currently underway to complete a geophysical survey to define
additional vein networks both adjacent to and along strike the
current project areas."
Work completed at Fierro Alto consisted of 1:5,000 geological
mapping and collection of 89 rock samples which are presented in
Table 1. Mineralization at Fierro Alto is associated with
sericite-silica-sulphide veins hosted within Carboniferous schists
and Miocene ignimbrite flows. Results from the 89 samples show
individual values up to 1,070 g/t Ag; 3.57 g/t Au; 1.4% Zn; and
multiple values between 5% and 20% Pb, including five with >20%
Pb.
The Company notes that selected grab samples are not necessarily
representative of the mineralization hosted at El Fierro. The
channel samples highlighted above have been taken from accessible
places where the veins were not fully mined; grab samples were
collected from waste piles outside of the adits.
Maps and tables with the details of highlighted results are
available on Sable's website (www.sableresources.com). Silver
equivalent is calculated considering a 100% recovery and based on
prices of USD17.89 per Oz for Silver;
USD 1,500 per Oz for Gold;
USD0.86 per pound for Lead;
USD1.08 per pound for Zinc; and
USD2.80 per pound for Copper; when a
width is shown in the results, the samples are channels
perpendicular to the structures representing true width.
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 main known mineralized areas, Fierro Alto
and Fierro Bajo over a trend of 6 km. 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 (Sable PR, May
14th, 2020).
Sable is providing an opportunity for shareholders and other
interested parties to participate in a Webinar to be held at
4 pm ET on Thursday, September
17. Register in advance for the Webinar at
https://zoom.us/webinar/register/WN_P3peFTnuSxmcs2DnZ8AxUg.
After registering you will receive a confirmation email containing
information about joining the Webinar.
ABOUT SABLE RESOURCES LTD.
Sable (sableresources.com) 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.
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 its 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 limits; 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 1,500 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.
Complete Results
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Structure
|
Ag_ppm
|
Au_ppm
|
Cu_ppm
|
Pb_ppm
|
Zn_ppm
|
E13242
|
6742539
|
2453361
|
4253
|
Channel
|
1
|
Vein F
|
2
|
0.022
|
45
|
989
|
1,140
|
E13243
|
6742534
|
2453355
|
4252
|
Channel
|
1.6
|
Vein F
|
3.8
|
0.047
|
90
|
2,240
|
819
|
E13244
|
6742513
|
2453271
|
4287
|
Channel
|
0.6
|
Vein F
|
1.6
|
0.001
|
405
|
366
|
1,440
|
E13245
|
6742501
|
2453241
|
4302
|
Channel
|
1
|
Vein F
|
2.7
|
0.04
|
126
|
2,160
|
1,050
|
E13246
|
6742489
|
2453211
|
4306
|
Channel
|
1.1
|
Vein F
|
0.9
|
0.01
|
182
|
660
|
1,210
|
E13248
|
6742484
|
2453212
|
4341
|
Grab
|
|
Vein F
|
99
|
3.57
|
914
|
44,300
|
1,500
|
E13249
|
6742470
|
2453136
|
4329
|
Channel
|
0.8
|
Vein F
|
0.8
|
0.009
|
30
|
400
|
455
|
E13250
|
6742472
|
2453131
|
4335
|
Channel
|
0.8
|
Vein F
|
1
|
0.005
|
50
|
1,150
|
994
|
E13251
|
6742372
|
2453716
|
4331
|
Channel
|
1.2
|
Vein L
|
0.6
|
0.008
|
30
|
95
|
235
|
E13252
|
6742587
|
2453620
|
4208
|
Panel
|
1.8
|
Vein L
|
0.3
|
0.003
|
18
|
207
|
254
|
E13253
|
6742571
|
2453586
|
4219
|
Channel
|
1.7
|
Vein L
|
1.3
|
0.003
|
20
|
780
|
1,520
|
E13254
|
6742567
|
2453509
|
4240
|
Channel
|
0.3
|
Vein L
|
29
|
0.307
|
143
|
24,000
|
739
|
E13256
|
6742700
|
2453438
|
4274
|
Channel
|
0.6
|
|
8.4
|
0.2
|
110
|
2,520
|
978
|
E13257
|
6742700
|
2453438
|
4274
|
Channel
|
0.5
|
|
10
|
0.469
|
171
|
5,790
|
1,420
|
E13258
|
6742701
|
2453438
|
4274
|
Channel
|
2
|
|
0.8
|
0.008
|
74
|
173
|
795
|
E13259
|
6742703
|
2453438
|
4274
|
Channel
|
2
|
|
1.4
|
0.01
|
66
|
61
|
699
|
E13260
|
6742705
|
2453438
|
4274
|
Channel
|
2
|
|
0.4
|
0.004
|
16
|
96
|
207
|
E13262
|
6742707
|
2453441
|
4274
|
Channel
|
2
|
|
0.6
|
0.018
|
30
|
328
|
518
|
E13263
|
6742708
|
2453441
|
4274
|
Channel
|
0.2
|
|
1.8
|
0.312
|
87
|
3,520
|
1,430
|
E13264
|
6742735
|
2453445
|
4283
|
Grab
|
|
|
7.7
|
0.009
|
9
|
690
|
36
|
E13265
|
6742721
|
2453322
|
4302
|
Grab
|
|
|
6.7
|
0.013
|
184
|
3,050
|
801
|
E13266
|
6742752
|
2453300
|
4315
|
Grab
|
|
|
0.2
|
0.057
|
9
|
27
|
99
|
E13267
|
6742810
|
2453119
|
4366
|
Channel
|
1
|
|
0.3
|
0.01
|
186
|
3,380
|
156
|
E13268
|
6742827
|
2453075
|
4378
|
Grab
|
|
|
0.1
|
0.037
|
56
|
261
|
9
|
E13270
|
6742882
|
2452840
|
4431
|
Grab
|
|
|
0.5
|
0.002
|
14
|
45
|
10
|
E13271
|
6743295
|
2452875
|
4525
|
Grab
|
|
Vein J
|
1.7
|
0.018
|
80
|
1,000
|
126
|
E13272
|
6743295
|
2452871
|
4525
|
Grab
|
|
Vein J
|
445
|
0.547
|
422
|
200,000
|
161
|
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Structure
|
Ag_ppm
|
Au_ppm
|
Cu_ppm
|
Pb_ppm
|
Zn_ppm
|
E13273
|
6743217
|
2453302
|
4489
|
Grab
|
|
|
1.6
|
0.072
|
105
|
1,890
|
342
|
E13274
|
6743194
|
2453372
|
4505
|
Grab
|
|
|
5.3
|
0.408
|
414
|
316
|
91
|
E13275
|
6743159
|
2453461
|
4531
|
Grab
|
|
|
1.2
|
0.016
|
20
|
492
|
53
|
E13279
|
6742447
|
2453069
|
4358
|
Channel
|
0.9
|
Vein F
|
1.3
|
0.01
|
47
|
1,740
|
1,365
|
E13281
|
6742480
|
2453007
|
4372
|
Grab
|
|
Vein F
|
529
|
0.673
|
3,110
|
200,000
|
5,420
|
E13282
|
6742482
|
2452985
|
4375
|
Channel
|
0.6
|
Vein F
|
145
|
0.258
|
460
|
87,600
|
14,000
|
E13283
|
6742484
|
2452923
|
4389
|
Channel
|
1.1
|
Vein F
|
0.3
|
0.003
|
9
|
116
|
17
|
E13284
|
6742429
|
2452974
|
4378
|
Channel
|
1.6
|
Vein F
|
4.3
|
0.114
|
61
|
1,920
|
1,025
|
E13285
|
6742433
|
2452986
|
4364
|
Channel
|
0.35
|
Vein F
|
292
|
2.15
|
1,720
|
74,100
|
3,680
|
E13287
|
6742430
|
2453004
|
4362
|
Channel
|
0.2
|
Vein F
|
516
|
2.45
|
1,890
|
200,000
|
1,695
|
E13288
|
6742430
|
2453015
|
4362
|
Channel
|
0.4
|
Vein F
|
5.2
|
0.035
|
125
|
1,770
|
1,070
|
E13289
|
6742429
|
2453015
|
4362
|
Channel
|
1.6
|
Vein F
|
1
|
0.023
|
14
|
413
|
2,060
|
E13290
|
6742411
|
2453280
|
4247
|
Channel
|
0.4
|
Vein G
|
50.3
|
2.05
|
551
|
13,600
|
2,290
|
E13291
|
6742412
|
2453287
|
4248
|
Channel
|
0.7
|
Vein G
|
0.5
|
0.005
|
15
|
248
|
1,130
|
E13292
|
6742400
|
2453251
|
4260
|
Channel
|
0.45
|
Vein G
|
129
|
1.945
|
2,210
|
32,100
|
2,210
|
E13293
|
6742387
|
2453162
|
4283
|
Channel
|
0.8
|
Vein G
|
33.2
|
1.265
|
589
|
17,150
|
1,940
|
E13294
|
6742386
|
2453165
|
4279
|
Channel
|
0.9
|
Vein G
|
2.7
|
0.007
|
102
|
2,270
|
5,140
|
E13296
|
6742382
|
2453146
|
4287
|
Channel
|
0.9
|
Vein G
|
8.6
|
0.212
|
262
|
5,840
|
2,950
|
E13297
|
6742413
|
2453348
|
4246
|
Channel
|
0.25
|
Vein G
|
1070
|
0.38
|
13,350
|
200,000
|
10,300
|
E13298
|
6742402
|
2453413
|
4265
|
Grab
|
|
Vein G
|
76.4
|
2.04
|
2,170
|
24,700
|
2,220
|
E13299
|
6742368
|
2453546
|
4293
|
Grab
|
|
Vein G
|
105
|
0.371
|
4,520
|
7,530
|
8,300
|
E13300
|
6742366
|
2453695
|
4331
|
Channel
|
1.5
|
|
0.5
|
0.003
|
34
|
74
|
219
|
E13701
|
6743271
|
2453541
|
4577
|
Grab
|
|
Vein K
|
329
|
0.889
|
2,150
|
168,000
|
645
|
E13702
|
6743292
|
2453486
|
4584
|
Grab
|
|
Vein K
|
685
|
1.56
|
280
|
200,000
|
402
|
E13703
|
6743288
|
2453498
|
4586
|
Channel
|
1.8
|
Vein K
|
2.5
|
0.023
|
40
|
2,770
|
666
|
E13704
|
6743366
|
2454662
|
4600
|
Grab
|
|
|
1.2
|
0.006
|
13
|
415
|
42
|
E13705
|
6743322
|
2454543
|
4547
|
Grab
|
|
|
1.8
|
0.009
|
13
|
588
|
38
|
E13706
|
6743164
|
2454462
|
4429
|
Grab
|
|
|
0.1
|
0.003
|
123
|
37
|
59
|
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Structure
|
Ag_ppm
|
Au_ppm
|
Cu_ppm
|
Pb_ppm
|
Zn_ppm
|
E13708
|
6742665
|
2453493
|
4307
|
Channel
|
2
|
|
3.7
|
0.092
|
22
|
1260
|
22
|
E13709
|
6742701
|
2453507
|
4312
|
Panel
|
1
|
|
0.2
|
0.004
|
13
|
42
|
185
|
E13710
|
6742725
|
2453518
|
4325
|
Panel
|
1
|
|
1.1
|
0.002
|
13
|
1,010
|
7
|
E13711
|
6742812
|
2453532
|
4345
|
Grab
|
|
|
2
|
0.328
|
333
|
65
|
30
|
E13712
|
6742873
|
2453562
|
4363
|
Channel
|
0.5
|
|
1.5
|
0.103
|
44
|
902
|
296
|
E13713
|
6742995
|
2453568
|
4421
|
Channel
|
0.4
|
|
0.2
|
0.003
|
235
|
35
|
2,560
|
E13714
|
6743024
|
2453579
|
4437
|
Grab
|
|
|
0.4
|
0.04
|
15
|
23
|
36
|
E13716
|
6742995
|
2453504
|
4434
|
Grab
|
|
|
0.1
|
0.011
|
26
|
10
|
26
|
E13717
|
6742953
|
2453623
|
4352
|
Grab
|
|
|
2.9
|
0.076
|
15
|
946
|
100
|
E13718
|
6742956
|
2453725
|
4373
|
Grab
|
|
|
0.6
|
0.041
|
64
|
160
|
251
|
E13719
|
6743098
|
2454045
|
4348
|
Grab
|
|
|
12.8
|
0.093
|
36
|
916
|
165
|
E13720
|
6743096
|
2454044
|
4347
|
Grab
|
|
|
9.3
|
0.118
|
10
|
564
|
68
|
E13721
|
6743090
|
2454075
|
4345
|
Grab
|
|
|
11
|
0.019
|
32
|
623
|
541
|
E13722
|
6742342
|
2453324
|
4288
|
Channel
|
1.1
|
|
0.1
|
0.002
|
43
|
31
|
120
|
E13723
|
6742266
|
2453256
|
4317
|
Grab
|
|
|
0.4
|
0.006
|
17
|
44
|
73
|
E13724
|
6742213
|
2453205
|
4330
|
Channel
|
0.4
|
|
0.7
|
0.046
|
21
|
290
|
503
|
E13726
|
6742108
|
2453117
|
4374
|
Grab
|
|
|
0.1
|
0.0005
|
7
|
25
|
23
|
E13727
|
6741880
|
2452986
|
4478
|
Grab
|
|
|
0.1
|
0.001
|
6
|
17
|
42
|
E13728
|
6741690
|
2452876
|
4535
|
Grab
|
|
|
0.1
|
0.0005
|
12
|
14
|
11
|
E13729
|
6741629
|
2452844
|
4552
|
Grab
|
|
|
0.3
|
0.0005
|
115
|
38
|
28
|
E13730
|
6741456
|
2452781
|
4623
|
Channel
|
1
|
|
0.4
|
0.0005
|
15
|
424
|
138
|
E13731
|
6741588
|
2451666
|
4491
|
Grab
|
|
|
1
|
0.002
|
12
|
40
|
8
|
E13733
|
6741028
|
2451594
|
4507
|
Grab
|
|
|
0.1
|
0.001
|
6
|
249
|
192
|
E13734
|
6742451
|
2454977
|
4114
|
Grab
|
|
|
1.6
|
0.004
|
18
|
46
|
11
|
E13735
|
6742135
|
2456453
|
3981
|
Grab
|
|
|
1.3
|
0.046
|
32
|
48
|
77
|
E13736
|
6742518
|
2457179
|
3871
|
Grab
|
|
|
47.5
|
0.164
|
796
|
175
|
171
|
E13737
|
6742913
|
2457489
|
3828
|
Grab
|
|
|
20.8
|
0.046
|
1,195
|
394
|
1,625
|
E13751
|
6741938
|
2452297
|
4415
|
Grab
|
|
|
0.1
|
0.001
|
5
|
78
|
225
|
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Structure
|
Ag_ppm
|
Au_ppm
|
Cu_ppm
|
Pb_ppm
|
Zn_ppm
|
E13752
|
6741967
|
2452266
|
4425
|
Grab
|
|
|
2.4
|
0.005
|
52
|
3,110
|
542
|
E13753
|
6741957
|
2452216
|
4430
|
Channel
|
0.25
|
|
86.6
|
0.058
|
874
|
123,500
|
4,640
|
E13754
|
6741966
|
2452192
|
4429
|
Channel
|
1.2
|
|
3.3
|
0.007
|
190
|
3,620
|
1,795
|
E13756
|
6741438
|
2452406
|
4439
|
Grab
|
|
|
0.2
|
0.0005
|
11
|
172
|
103
|
E13757
|
6742602
|
2454085
|
4209
|
Grab
|
|
|
2.1
|
0.023
|
33
|
299
|
376
|
E13758
|
6742622
|
2454040
|
4207
|
Panel
|
2
|
|
0.7
|
0.003
|
10
|
70
|
63
|
![Sable Resources Ltd. Logo (CNW Group/Sable Resources Ltd.) Sable Resources Ltd. Logo (CNW Group/Sable Resources Ltd.)](https://mma.prnewswire.com/media/1274205/sable_logo.jpg)
SOURCE Sable Resources Ltd.