VANCOUVER, BC, May 3, 2021 /CNW/ - Sable Resources Ltd. ("Sable"
or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce
additional results from its active drill program at the La Verde
and Fierro Bajo zones within El Fierro Project. El Fierro is an 8
by 4 kilometre historical artisanal silver-rich mining district
located 250 kilometres 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 the
depth and strike continuity of the outcropping veins.
Key Points:
- Drillhole LV-DH-21-08 is the first drillhole ever drilled at La
Verde.
- Results confirm vertical continuity of the La Verde structure
from outcrop at surface to a depth of approximately 80m.
- LV-DH-21-08 is one of seven holes planned to test the strike
continuity of the La Verde structure over a strike length of
1,500m as defined by small mining
works, geophysics and a coincident gold bearing boulders
trail.
- In conjunction with the silver-rich polymetallic values seen
throughout the El Fierro project, La Verde also shows higher gold
content, here intercepting values up to 49.8 g/t.
- Sable has completed 23 drillholes of the 3,000m program planned at the El Fierro Project
of which six holes have received results.
The Company is awaiting assay results from 757 samples (17
drillholes) currently at the laboratory.
Samples from drillhole LV-DH-21-08 were rushed following the
observation of significant visible polymetallic mineralization in
the drill core. Highlights from this hole include:
546.78 g/t AgEq over 9.95m from 78.35 to 88.3m
(4.29 g/t Au; 110.67 g/t Ag; 0.135% Cu; 0.58% Pb;
1.06% Zn)
Including
1,429.2 g/t AgEq over 3.7m from 80.9 to 84.6m
(11.53 g/t Au; 281.89 g/t Ag; 0.48% Cu; 1.35% Pb;
2.5% Zn)
Including
4,381.1 g/t AgEq over 0.5m from 81.4 to 81.9m
(49.8 g/t Au; 55.6 g/t Ag; 0.34% Pb; 3.83% Zn)
"The excellent results from hole 8 clearly demonstrate the
potential of La Verde vein, with consistent Ag, Pb, Zn, Cu values
over a 10 metre intercept. The gold grades of up to nearly 50
g/t exhibited in this drillhole show that El Fierro is not only a
silver district," commented Ruben
Padilla, President and CEO of Sable Resources who added,
"The discovery of the La Verde Vein in an area never explored and
largely covered by thin colluvial material gives us a first order
structure to follow with more drilling and opens the potential for
the discovery of similar new veins within our 46,391 hectare land
package."
Mineralization observed in hole LV-DH-21-08 consists of
specularite, magnetite, sphalerite, galena, and chalcopyrite within
a banded quartz vein and associated fault breccia. The Verde vein
is hosted within a structural zone which crosscuts a Miocene
ignimbrite sequence. Besides the highlighted interval, the hole
also returned other anomalous intercepts detailed in Table
1. Four additional holes of a planned seven holes have
been completed along the strike of the Verde vein with similar
mineralization observed. Results are pending.
The Company also received results from three holes at the Fierro
Bajo zone. Drillhole FB-DH-21-03 intercepted the main Fierro Bajo
structure (A vein) 140m to the south
east from hole FB-DH-21-02 (see April 6,
2021 press release) showing a lower grade anomaly. Drillhole
FB-DH-21-04 intercepted the B vein which runs parallel to A vein,
returning 854.78 g/t AgEq (776 g/t Ag, 1.7% Pb, 0.55% Zn)
over 0.5m from 56.85 to 57.35m. Drillhole FB-DH-21-05 was abandoned due
to technical problems before intercepting the targeted C vein
(140m to the north of A vein) and
therefore did not return anomalous values. Locations of the
drillholes are presented in Figure 1.
Mineralization intercepted in drill holes FB-DH-21-03,
FB-DH-21-04, and LV-DH-21-08 represents between 80% 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 18.00 per oz for silver; USD 1,500 per
oz for gold; USD 0.85 per pound for lead; USD
1.10 per pound for zinc; and USD 3.00 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.
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, May 6,
2021. To register, please click on the following link -
https://zoom.us/webinar/register/WN_eNtpIqmxRXS-OBaIiDqXKA.
Figure 1. Location of reported holes
Figure 2. Detailed location of hole LV-DH-21-08 at La Verde
Zone
Figure 3. Schematic cross-section along drillhole LV-DH-21-08
showing the reported intercepts
showing the reported intercepts
Table 1 -
Anomalous Intercepts from Reported Holes
|
Hole
|
From
|
To
|
Interval
|
AgEq
(g/t)
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
(%)
|
Pb
(%)
|
Zn
(%)
|
FB-DH-21-03
|
97.85
|
98.85
|
1.00
|
12.97
|
11.15
|
|
|
0.056
|
|
FB-DH-21-04
|
56.85
|
57.35
|
0.50
|
854.78
|
776
|
|
|
1.71
|
0.55
|
LV-DH-21-08
|
78.35
|
88.3
|
9.95
|
546.78
|
110.67
|
4.29
|
0.13
|
0.58
|
1.06
|
including
|
80.90
|
84.60
|
3.70
|
1,429.2
|
281.89
|
11.53
|
0.48
|
1.35
|
2.5
|
including
|
81.40
|
81.90
|
0.50
|
4,381.1
|
55.6
|
49.8
|
|
0.34
|
3.83
|
and
|
82.40
|
83.85
|
1.45
|
1,534.3
|
476.07
|
10.06
|
0.59
|
1.56
|
2.41
|
LV-DH-21-08
|
96.60
|
97.10
|
0.50
|
39.12
|
5.0
|
|
|
0.1
|
0.64
|
LV-DH-21-08
|
126.4
|
126.9
|
0.50
|
149.76
|
46.70
|
0.14
|
0.14
|
2.12
|
0.16
|
Table 2 – Location
of Reported Drillholes
|
Hole
|
Azimuth
|
Dip
|
Depth
|
Zone
|
Easting
|
Northing
|
Elevation
|
FB-DH-21-01
|
45
|
-45
|
219.7
|
Fierro
Bajo
|
2459235
|
6742962
|
3,765
|
FB-DH-21-02
|
45
|
-45
|
83.6
|
Fierro
Bajo
|
2459633
|
6742773
|
3,629
|
FB-DH-21-02-A
|
45
|
-60
|
121
|
Fierro
Bajo
|
2459633
|
6742773
|
3,629
|
FB-DH-21-03
|
40
|
-55
|
128.5
|
Fierro
Bajo
|
2459735
|
6742684
|
3,645
|
FB-DH-21-04
|
52
|
-60
|
94
|
Fierro
Bajo
|
2459281
|
6742875
|
3,789
|
FB-DH-21-05
|
40
|
-60
|
135
|
Fierro
Bajo
|
2460064
|
6742656
|
3,743
|
LV-DH-21-08
|
5
|
-55
|
150
|
La Verde
|
2453230
|
6745291
|
4,342
|
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.
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 (128,992 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. For Pb>20%, and Zn>30%, tritration method
is applied (Pb-VOL70, Zn-VOL50). 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.