VANCOUVER, BC, April 6, 2021 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to
announce results from the first two drill holes at the Fierro Bajo
zone within El Fierro Project ("El Fierro" or the "Property"). El
Fierro is a historic artisanal silver-rich mining district located
250 km northwest of San Juan city and 120 km north of Sable's Don
Julio Project. Sable is currently advancing the first drilling
campaign ever conducted at the Property testing vertical continuity
of the outcropping veins.
The Company has received results from the first two holes of the
program, while 14 additional holes (550 samples) are currently
being analyzed by ALS Minerals. Highlighted results include:
Hole FB-DH-21-01
- 783.8 g/t AgEq (650.6 g/t Ag, 3.44% Pb, 0.11% Cu) over
1.0m from 155.5 to 156.5m
-
- Including 1,556.5 g/t AgEq (1,290 g/t Ag, 6.89% Pb,
0.22% Cu, 0.12% Zn, 0.15 g/t Au) over 0.5m from 156.0 to 156.5m
Hole FB-DH-21-02
- 640.76 g/t AgEq (437.38 g/t Ag, 5.8% Pb, 0.38% Zn) over
1.35m from 92.65 to 94.00m
-
- Including 1,433.6 g/t AgEq (976 g/t AgEq, 13.05% Pb,
0.63% Zn) over 0.6m from 93.40 to
94.00m
"We're very pleased to receive the first results from our drill
program at El Fierro. With intervals in excess of 1,000 g/t silver
equivalent, these first two holes demonstrate the continuity of the
outcropping high-grade silver structures at depth. As the first two
holes ever drilled in the district, we are greatly encouraged by
the potential over the 8.5 km vein strike length defined by our
work so far," stated Ruben Padilla,
President and CEO of Sable, who added, "We expect results over the
coming weeks from additional completed holes currently in the
laboratory where we have intercepted visible polymetallic
mineralization."
Holes FB-DH-21-01 was drilled below a series of artisanal
workings and intercepted the mineralized structure approximately
85m below surface (Figure 2); hole
FB-DH-21-02A was drilled from the same collar than hole FB-DH-21-02
which hit a void at 65m depth. Hole
2A successfully intercepted mineralization 80m below surface (Figure 3). Both holes targeted
the main structure of Fierro Bajo (Vein A) and are separated
440m along strike showing good
lateral continuity of the mineralization (Figure 1). Observed
mineralization consists of galena, sphalerite, antimony
sulphosalts, and minor silica with carbonate. Veins at Fierro Bajo
are hosted by Paleozoic chlorite schist, meta-sandstones, and
meta-conglomerates.
Figure 1. Location of holes FB-DH-21-01 and
FB-DH-21-02A
Mineralization intercepted in drill holes FB-DH-21-01 and
FB-DH-21-02 represents between 90% and 100% 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 per oz for silver; USD 1,500 per oz for
gold; USD 0.85 per pound for lead; USD 1.1 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.
Figure 2. Schematic cross-section along drill
hole FB-DH-21-01
showing the reported intercept.
Figure 3. Schematic cross-section along drill
hole FB-DH-21-02
showing the reported intercept.
Sable is providing an opportunity for shareholders and other
interested parties to participate in a Webinar to be held at 4 pm
ET on Wednesday, April 7, 2021. To
register, please click on the following link -
https://zoom.us/webinar/register/WN_dfVcdRXjRcq-pugCdc4EAQ.
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 three main known mineralized areas - Fierro Alto, Fierro Bajo, and La Verde over an
area of 8km x 4km. The three 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 decade; the property
has never been drilled. 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 (128,892 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. Method Ag-GRA22 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.
