VANCOUVER, BC, Nov. 15,
2022 /CNW/ - Sable Resources Ltd. ("Sable" or the
"Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce
commencement of the 2022-2023 drilling program at the Don Julio
Project in San Juan, Argentina. The drilling program will
consist of 5,000m expandable, based
on results, to 7,000m and will be
focused on La Gringa and Punta
Cana targets which returned the most encouraging results
last season. The drill program is fully funded by South32
under the terms of the Earn-In Agreement signed in 2021.
Dr. Ruben Padilla, Sable's President, and CEO stated,
"After a couple of weeks of delay due to weather conditions, the
rig has arrived at Don Julio is now in position at the first drill
pad at La Gringa target. Last season's drill program provided the
Company with alteration zoning showing potential to find the
causative porphyry centre toward the west underneath a valley,
covered by thin quaternary gravels. We're looking forward to
seeing the core coming out of the ground."
ABOUT THE DON JULIO PROJECT
The Don Julio project comprises 69,350 hectares in the
Cordillera Frontal in San Juan,
Argentina. It includes the
Don Julio cluster that contains numerous targets of porphyry (La
Gringa, Poposa, Amarillo, Punta
Cana, Tocota); intermediate sulfidation (Lodo, San Gabriel,
Colorado); skarn (Fermin); and the
regional properties that include the Los Pumas project as well as
extensive unexplored ground. Since 2018, Sable has conducted
systematic surface work including mapping; rock sampling; talus
sampling; GroundMag, and UAV-Mag, and induced polarization.
Sable performed a first drilling campaign in 2019 with 3,101m drilled in 11 holes and a second campaign
in early 2022 comprising 4,294m in
nine holes. In 2021, Sable signed an Earn-In agreement with
South32 to jointly explore the Don Julio Project.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots explorer focused on the
discovery of Tier-One new precious metal and copper projects
through systematic exploration in endowed terranes located in
favorable, established mining jurisdictions. Sable's 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 the 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.
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.