TORONTO, April 2, 2019 /CNW/ - Sable Resources (TSXV:
SAE) (the "Company" or "Sable") is pleased to announce the drill
results from drillholes M-DDH-19-24 from the company's active Stage
II 19-hole drill program targeting the Margarita Vein and including
the first exploration drillholes in four other veins identified at
the Margarita Project, Chihuahua State, Mexico.
Drillholes M-DDH-19-24 is located on the same section line as
previously released deep drillhole M-DDH-18-03, approximately
350m northwest of holes M-DDH-18-11
and M-DDH-18-12.
Highlights
177.05 g/t AgEq (116.93 g/t Ag; 0.7% Zn; 0.21% Pb; 0.17 g/t Au)
over 37.35m from 74.70 to
112.05m
Including
- 391.3 g/t AgEq (353 g/t Ag; 0.56% Zn; 0.12% Pb) over
0.9m from 94.30 to 95.20m
And
- 688.90 g/t AgEq (400.45 g/t Ag; 3.0% Zn; 1.09% Pb; 1.07 g/t
Au) over 5.5m from 102.70 to
108.25m
Including
- 1122.16 g/t AgEq (789.75 g/t Ag; 0.37%Zn; 2.04% Pb; 2.92 g/t
Au) over 1.65m from 102.70 to
104.35m
Ruben Padilla, Vice President of
Exploration for Sable Commented: "Hole 24 returned our best results
to date with some of our highest silver, gold and zinc grades
across a large intercept. This hole was intended to test close
to surface mineralisation above low-grade mineralisation
intercepted at depth in Hole 3 and we are delighted at hitting such
strong, thick mineralisation."
True widths are estimated to be 90% of the intercept based on
vein to core angle. Detailed drill results, location plan and
sections are available from the Sable website (sableresources.com).
Silver equivalent is calculated based on USD15.50 per ounce for Silver, USD 0.95 per pound for Lead and USD1.20 per pound for Zinc and USD1200 for gold with 100% recovery.
ABOUT THE MARGARITA PROJECT
Acquired as part of Sable
Resources Upper Level Epithermal Strategy, the Margarita
Project is located in the Satevó Municipality in
Chihuahua state, approximately 120km SW of the state capital
of Chihuahua City, and 110km NNW of the
historic Parral mining district. The Project lies
on strike with Sunshine Silver Corp.'s Los Gatos
Project. Hosted in Eocene-Oligocene Volcanics, Margarita is
defined by 4 veins; Margarita, El Caido, Juliana and
Maria on 2 claims encompassed by Sunshine
Silver.
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. Sables'
main focus is developing their large portfolio of new greenfields
projects to resource stage utilizing their Upper Level Epithermal
Strategy. Sable is actively exploring the San Juan Regional Program
(35,000ha) incorporating the Don Julio Project in San Juan Province, Argentina, the Mexico Regional Program
(1.5Mha), incorporating the Margarita, Vinata and El Escarpe drill
ready projects and the BC Intrusion Related Program, Canada (13,600ha) incorporating the drill
ready Tulox Project.
Sample Preparation and QAQC
Sample preparation was
carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of
ALS Minerals, at their laboratory at Chihuahua, State of Chihuahua, Mexico. Analyses were
carried out at their laboratory in North
Vancouver, British Columbia, Canada. Sample preparation was
by 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 atomic absorption spectrophotometer (AAS) (code
Au-AA23). Multi-elements were analyzed by a four acid, near total
digestion of a 1 gram sub-sample with detection by inductively
coupled plasma atomic emission spectrometer (ICP-AES) for 33
elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K,
La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W,
Zn) (code MEICP61).
This digestion method dissolves most minerals but not all
elements are quantitatively extracted in some sample matrices.
Mercury was analyzed by aqua regia digestion, cold vapor
extraction, and AAS detection with a lower limit of detection of
0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass
spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm
(code Hg-MS42).
Qualified Person
Luis Arteaga M.Sc. P.Geo.
Exploration Manager for Sable Resources and the Company's Qualified
Person as defined by NI 43-101 has reviewed and approved the
technical information in this news release.
We seek safe harbor
SOURCE Sable Resources Ltd.