VANCOUVER, BC, Feb. 9, 2022 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased
to provide an update on its ongoing fully financed
C$16 million exploration program
designed to drill test six high quality targets in San Juan, Argentina. Exploration targets in this well
endowed southern region of the Andes are represented by multi
million ton copper-gold porphyry centres and surrounding halos of
gold-silver epithermal deposits similar to Filo del Sol, Veladero, and Pascua-Lama
deposits.
"Sable continues operating in a systematic and disciplined way,
putting the largest investment on our advanced El Fierro project,
and advancing initial drilling in five targets with clear potential
for Tier-One discoveries," stated Dr. Ruben
Padilla, Sable's President and CEO, who added, "Despite
recent operational delays due to extreme weather and the January
Omicron outbreak in Argentina we
can expect a flow of news releases as we receive drill and surface
samples."
Project Highlights
El Fierro: Sable's most advanced project with 14.5
linear kilometres of high grade silver-gold-base metals epithermal
veins. A total of 6,406 m of core
drilling has been completed in 56 shallow drill holes, and the
ongoing second round of drilling is planned to complete between
10,000 and 15,000 metres with the objective of defining the
size of the deposit and prioritize the veins with the highest
potential for the next round of resource definition drilling.
Sable is financing all work at El Fierro.
El Fierrazo: A recent discovery by Sable located on
the southern part of El Fierro veins, likely representing the
source of magmatic-hydrothermal fluids of El Fierro
porphyry-epithermal district. El Fierrazo is an extensive
porphyry system represented by a 4 x 2 km sericitic zone
overprinting an inner-core of early porphyry type veinlets.
Sable is planning a fence drilling across the inferred
causative porphyry stock to define porphyry phases and their
respective copper, gold, and molybdenum grades.
La Poncha North: An outcropping
>600 m long x 300 wide mineralized
- composite 18 million years old gold-copper porphyry centre
intruding an inter-mineral magmatic-hydrothermal diatreme.
The Company is financing all work at Poncha North including a
fence drilling across the central area of the porphyry stock to
investigate gold–copper grades close to surface and to depths of at
least 300 metres.
Don Julio Cluster:
The current drill plan is focused on three gold-copper porphyry
targets, named Poposa, Punta Cana
and La Gringa. Punta Cana is a recent discovery of
outcropping gold-copper porphyry mineralization. The exploration
targets at Poposa and La Gringa are high grade – bulk tonnage
gold-copper zones interpreted to be located at the roots of
gold-copper bearing lithocap overprinting the top of their
causative gold-copper porphyry centres. All work at Don Julio
is fully funded by a wholly owned subsidiary of South32 Limited
under the Earn-In agreement signed between South32 and Sable (see
press release dated March 11,
2021).
Target Generation Work: The Company continues with
target generation activity on its large land packages in
Argentina and Mexico to generate value with expanding the
exploration pipeline with high quality drill projects. Three
months of target generation work was completed at Los Pumas project
in San Juan, the results of this
work will be released as soon as the Company receives final
geochemical results.
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 (163,969 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 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-GRA22
which includes Fire Assay with gravimetric finish is applied when
Ag exceeds 1500 g/t. Tritration method is applied when Pb and Zn
exceed 20 and 30%, respectively (codes Pb-VOL70 and
Zn-VOL50). 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.