VANCOUVER, BC, July 21, 2021
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:
SAE) (OTCQB: SBLRF) is pleased to report the discovery of new
mineralized structures at Fierro Bajo within the El Fierro Project.
El Fierro is a historical artisanal silver-rich mining
district located 250 kilometres northwest of San Juan, Argentina and 120 km north of Sable's Don
Julio Project. Last February, Sable started the first drill
campaign ever conducted at the Project testing the four known
mineralized zones: Fierro Bajo, Fierro
Alto, La Verde, and Lagunitas.
Key Points:
- Two new veins recently found at Fierro Bajo increase the total
strike length of known mineralized veins from 8,500m to 9,250m.
- New geochemical results from trenching and mapping increased
the footprint of the El Fierro Project to 8.6km by 6.2km (see
Figure 1).
- The new veins will be drill tested during the next drilling
campaign planned for Q4 2021.
The new structures were found in a zone located 1.7km southwest
of the Fierro Bajo main area. Structures FBS1 and FBS2 have a
northwest strike and were observed in a series of small adits that
were not previously recognized (see Figure 4). These two
structures have a combined strike length of 750m and are running close to the contact between
Carboniferous metasediments and a Triassic granite. A combination
of channel and grab samples returned significant values
including:
FBS1 Vein
- 2,611 g/t AgEq (1,880 g/t Ag; 0.23% Cu; 21.09% Pb; 0.51%
Zn) Grab Sample
- 2,527 g/t AgEq (1,480 g/t Ag; 31.46% Pb; 0.68% Zn) over
0.20m
- 1,169 g/t AgEq (493 g/t Ag; 2.21 g/t Au; 2.05% Cu; 3.37%
Pb; 3.55% Zn) Grab Sample
- 324.95 g/t AgEq (96 g/t Ag; 0.22 g/t Au; 5.65% Pb;
0.663% Zn) over 1.3m
FBS2 Vein
- 1,102.57 g/t AgEq (720 g/t Ag; 0.58 g/t Au; 8.57% Pb;
1.35% Zn) Grab Sample
Dr. Ruben Padilla, Sable's
President and CEO commented, "It's very encouraging that results
from pending analysis continue to increase the footprint of the
project and these new veins add more high-grade veins to feed our
list of drill ready targets at El Fierro. Our next drilling
campaign for El Fierro is already being planned to continue with
the evaluation of the known structures and to test multiple new
veins found with mapping and prospection recently undertaken."
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
%
|
Pb
%
|
Zn
%
|
AgEq
(g/t)
|
E05099
|
6742216
|
2457950
|
4116
|
Grab
|
|
168
|
|
|
4.78
|
1.25
|
375.34
|
E05097
|
6742372
|
2457575
|
4036
|
Channel
|
1.3
|
96
|
0.22
|
|
5.65
|
0.66
|
324.95
|
E05095
|
6742398
|
2457491
|
4021
|
Channel
|
1.2
|
113
|
0.89
|
0.18
|
0.66
|
0.78
|
261.77
|
E04176
|
6742396
|
2457490
|
4025
|
Grab
|
|
493
|
2.21
|
2.05
|
3.37
|
3.55
|
1169.29
|
E04165
|
6742378
|
2457573
|
4035
|
Grab
|
|
36.6
|
0.36
|
0.11
|
0.46
|
0.81
|
127.87
|
E04163
|
6742251
|
2457907
|
4144
|
Grab
|
|
1,880
|
|
0.23
|
21.09
|
0.51
|
2611.5
|
E04162
|
6742246
|
2457907
|
4120
|
Channel
|
0.2
|
1,480
|
|
|
31.46
|
0.68
|
2527.2
|
E05168
|
6741972
|
2457852
|
4178
|
Selective
|
0.15
|
720
|
0.58
|
|
8.57
|
1.35
|
1102.57
|
E05167
|
6741971
|
2457850
|
4178
|
Channel
|
1
|
225
|
0.138
|
|
0.71
|
1.48
|
321.70
|
Channel samples on outcrops and adits are taken perpendicular to
structures and represent true width. Maps and tables associated
with this press release will be available on Sable's website
(www.sableresources.com). Silver equivalent (AgEq) is
calculated based on 100% recovery and prices of USD
18.0 per oz for silver; USD 1,500 per oz for
gold; USD 0.85 per pound for lead; USD 1.10 per
pound for zinc; and USD 3.0 per pound for copper. Cu, Pb,
Zn values lower than 0.1%, and Au values lower than 0.1 g/t have
not been considered within the AgEq calculation.
ABOUT 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 four main known mineralized areas -
Fierro Alto, Fierro Bajo, La Verde,
and Lagunitas over an area of 8.6km x 6.2km. Three of the
four 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. Prior to Sable's 2021 drill program, the
Property had never been drilled before. 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 level. Sable is
actively exploring the San Juan Regional Program (128,992 ha)
incorporating the Don Julio, El Fierro, La Poncha, and los Pumas
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.
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 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. For Pb>20%, and Zn>30%, tritration method
is applied (Pb-VOL70, Zn-VOL50). Method Ag-GRA22 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.
SOURCE Sable Resources Ltd.