VANCOUVER, BC, Aug. 12, 2020 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) is pleased to announce that
it has received additional results from El Fierro Bajo zone at its
recently optioned El Fierro project in San Juan Argentina.
Mapping and sampling has identified four discrete outcropping
structures (Vein A, Vein B, Vein C and North Vein) over a 2km by
500m footprint, open along strike in
both directions. Veins A, B and C all returned assays over 1kg
silver equivalent. Highlights of the new results are included below
and shown on the Figure 1 location map.
![Figure 1. Significant results at El Fierro Bajo zone (CNW Group/Sable Resources Ltd.) Figure 1. Significant results at El Fierro Bajo zone (CNW Group/Sable Resources Ltd.)](https://mma.prnewswire.com/media/1227154/SAE_Press_Release___Aug12_20___El_Fierro_Project_Update___Figure1__1_1.jpg)
"We are very impressed with the grades and continuity found at
El Fierro Bajo. These at surface veins demonstrate high-grade
cores with well mineralised halos of up to 7m," commented Ruben
Padilla, President and CEO of Sable, who added, "With these
encouraging results, the Company plans on undertaking some
additional sampling and geophysics to advance the project quickly
to drill stage. Mapping will also continue on structures at Fierro
Alto located 6km west of Fierro Bajo
to define the full extent of this strong mineralised system."
Highlighted Results:
Vein A
- 1859.65 g/t AgEq (1300 g/t Ag; 16.25% Pb; 0.138% Cu; and
0.222% Zn) grab sample
- 1159.66 g/t AgEq (832 g/t Ag; and 9.94% Pb) over
0.75m channel sample
-
- Within 564.49 g/t AgEq (404.95 g/t Ag; and 4.84% Pb) over
1.55m channel sample
- 971.76 g/t AgEq (648 g/t Ag; 9.43% Pb; and 0.312% Zn)
over 0.4m channel sample
-
- Within 287.56 g/t AgEq (192.9 g/t Ag; 2.52% Pb; and 0.28% Zn)
over 3.85m channel sample
- 684.54 g/t AgEq (490 g/t Ag; 5.77% Pb; and 0.105% Zn)
over 0.2 m channel sample
-
- Within 2.9m @ 71.46 g/t AgEq
(51.79 g/t Ag; 0.465% Pb; and 0.105% Zn) channel sample
- 687.55 g/t AgEq (410 g/t Ag; and 8.42% Pb) over
1.2m channel sample
- 412.42 g/t AgEq (301 g/t Ag; and 3.38 % Pb) over
0.4m channel sample
-
- Within 47.78 g/t AgEq (34.92 g/t Ag; and 0.39% Pb) over
7.35 m channel sample
- 395.64 g/t AgEq (215 g/t Ag; and 5.48% Pb) over
1.0m channel sample
- 378.07 g/t AgEq (236 g/t Ag; and 4.31% Pb) over
0.5m channel sample
B Vein
- 1538.53 g/t AgEq (1490 g/t Ag; 0.43% Pb; and 0.83% Zn)
grab sample
- 472.18 g/t AgEq (291 g/t Ag; 0.142% Cu; 4.4% Pb; and
0.50% Zn) over 0.9m channel
sample
- 228.82 g/t AgEq (85.4 g/t Ag; 4.18% Pb; and 0.136% Zn)
over 1.2m channel sample
C Vein
- 1726.03 g/t AgEq (1040 g/t Ag; 0.20% Cu; 20% Pb; and
0.11% Zn) over 0.25m channel
sample
- 466.81 g/t AgEq (254 g/t Ag; 5.97 % Pb; 0.38% Zn) over
0.3m channel sample
-
- Within 132.05 g/t AgEq (72.33 g/t Ag; 1.41% Pb; and 0.32% Zn)
over 1.8m channel sample
North Vein
- 673.41 g/t AgEq (235 g/t Ag; and 13.3% Pb) grab
sample
- 380.90 g/t AgEq (191 g/t Ag; 0.16% Cu; and 5.24% Pb)
grab sample
The Company notes that these selected samples are not
necessarily representative of the mineralization hosted on the El
Fierro property. Channel samples have been taken from accessible
places where the veins were not fully mined; grab samples were
collected from waste piles outside of the adits. Sable will conduct
additional underground sampling after rehab of some of the
shafts.
Maps and tables with the details of highlighted results are
available on Sable's website (www.sableresources.com). Silver
equivalent is calculated considering a 100% recovery and based on
prices of USD17.89 per Oz for Silver;
USD0.86 per pound for Lead;
USD1.08 per pound for Zinc; and
USD2.80 per pound for Copper; when a
width is shown in the results, the samples are channels
perpendicular to the structures representing true width.
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 two main known mineralized areas, Fierro
Alto and Fierro Bajo over a trend of
6km. Both areas host a significant number of old 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 recently signed two option
agreements covering 6,054 hectares and the Company controls all the
historically known mineralized zones at El Fierro (see May 14, 2020 press release).
Sable is providing an opportunity for shareholders and other
interested parties to participate in a Webinar to be held at 4 pm
ET on Thursday, August
13th. To register, please click on the
following link -
https://zoom.us/webinar/register/WN_aAfHwoiKRpm22iYboezzWg.
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 (68,718ha) incorporating the Don
Julio Project and the El Fierro Project in San Juan Province,
Argentina; the Mexico Regional
Program (1.16Mha in application, 39,000ha titled) incorporating the
Margarita, Vinata and El Escarpe projects; and the Scorpius Project
in Ayacucho, Peru.
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. Method Ag-GRA21 which includes Fire Assay with
gravimetric finish is applied when Ag exceeds 1500 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.