VANCOUVER, BC, Dec. 3, 2020 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to
provide an exploration update and to announce that the Company has
received all necessary permitting required to drill at its
high-grade polymetallic El Fierro Project in San Juan, Argentina.
Following the completion of ongoing detailed mapping, soil
sampling and geophysical programs, Sable plans to drill
10,000m at El Fierro in two
5,000m stages beginning in
February 2021. Four geologists are
actively mapping different areas between Fierro Bajo and
Fierro Alto and completing a soil
sampling grid of 400 samples located northwest of Fierro Bajo
exploring for the strike continuity of the known mineralized
structures. Sable has already completed the construction of camp
facilities to house 15 people for the upcoming drill program.
Parallel with the mapping and soil sampling programs, Quantec
Geophysics has been engaged to conduct a 264 km Ground Magnetics
survey covering the three main mineralized areas - Fierro Bajo,
Fierro Alto, and La Verde. The
program, currently 40% complete, has been designed to highlight
strike extensions of known veins and aid in the discovery of
additional non-outcropping veins targets. Following the completion
of magnetic survey, an Induced Polarisation (IP) survey will be
conducted at Fierro Bajo and Fierro
Alto to model the vertical extent of the veins for drill
targeting. Drilling at Fierro Bajo is scheduled to begin during the
first week of February 2021.
Ruben Padilla, President and CEO
of Sable commented, "With the receipt of the necessary permits we
now have a clear pathway to our maiden drill program at El Fierro.
The completion of the ongoing mapping, geochemistry and
geophysical programs will give us the necessary tools to accurately
target the veins in time for the initiation of drilling in
February."
Figure 1. Ongoing soil sampling program at El Fierro
Figure 2. Planned Ground Magnetic survey currently advancing
at El Fierro Project
ABOUT THE EL FIERRO PROJECT
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 three main known mineralized areas -
Fierro Alto, Fierro Bajo, and La
Verde over an area of 8 km by 4 km. The three areas host a
number of old artisanal 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 currently
controls 46,391 hectares covering all the historically mineralized
areas and additional highly prospective ground over a large
magnetic anomaly.
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 (109,055 ha) incorporating the Don
Julio and El Fierro Projects in San Juan Province, Argentina; and the Mexico Regional Program
(1.16Mha in application, 39,000ha titled) incorporating the Vinata
and El Escarpe projects.
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.
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.