Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE |
OTCQB:SBLRF) is pleased to announce that it has identified at least
three copper mineralized magmatic-hydrothermal breccias within its
100% owned Copper Queen Project in British Columbia.
Dr. Ruben Padilla, President and CEO of Sable
stated, “Earlier this year we were able to stake the Copper Queen
property with an initial 2,864 hectares that we have now expanded
to 13,880 ha. Our geology team was able to prove the existence of
the breccias initially recognized by Anaconda in 1968 and we are
pleased that our initial exploration results and mapping indicate
the potential of Copper Queen to host both high grade and bulk
tonnage copper mineralization.”
Highlights
- The Copper
Queen property is located 225km west of Williams Lake and 25km
northwest of Sable’s Perk Rocky Project.
- Exploration
work conducted by Anaconda between 1968 and 1969 reported the
existence of quartz feldspar porphyry bodies and at least five
mineralized breccias within a porphyry cluster extending for
approximately 4.5 x 2km. No exploration work has been conducted on
the property since 2011 and no actual mapping has been undertaken
since Anaconda times.
- Sable’s
exploration team has conducted preliminary mapping and prospection
confirming the existence of at least four of the breccias described
by Anaconda. The team collected 251 rock samples and 123 soil
samples.
- Results
received for 57 samples returned values up to
1.02% Cu, 9.74 g/t Au, and
214 g/t Ag with 25 samples returning values
greater than 0.1% Cu.
- Copper
mineralization is represented by chalcopyrite and local bornite
localized in the cement of the mentioned magmatic-hydrothermal
breccias. Gangue minerals in the cement include quartz, calcite,
chlorite, and sericite.
- Low-angle quartz veins outcropping
around and between the breccias returned anomalous Au-Ag values
including the highest Au and Ag values (9.74 g/t
Au and 214 g/t Ag).
Figure 1. Location of the Copper Queen project
and two other Sable’s propertiesas well as some significant
deposits in the region.
Geology Description
The Copper Queen project is located within a
large plutonic suite of Jurassic age that includes diorites,
gabbros, granites, and aplites. The more felsic phases of the
plutonic complex intrude the mafic ones, locally forming intrusion
breccias. Post-intrusive dacite porphyry dykes fractured the
country rocks generating magmatic hydrothermal breccias cemented
with quartz, calcite, chlorite, epidote, chalcopyrite, and local
bornite. Mineralized quartz veins with highly anomalous Au-Ag-Cu
values are observed around the breccias. Anaconda originally
described six breccias however Sable’s fieldwork has only confirmed
three containing Cu mineralization (Breccias 1, 2, and 3). A fourth
breccia (Breccia 4) located 3km east of Breccia 1, exhibits similar
textural characteristics but instead of Cu sulfides it contains
abundant pyrite with local molybdenite. No results are yet
available for the samples collected at Breccia 4.
Figure 2 shows the shapes and dimensions of the
breccias as originally mapped by Anaconda. The geometry and size of
the breccias have yet to be fully defined by Sable’s team, however
sampling and observations to date confirm the potential for
disseminated bulk tonnage Cu mineralization. Notably, the Copper
Queen breccias also contain highly anomalous silver ranging from
<1 g/t to 41.7 g/t Ag, and gold ranging from detection limit to
0.58 g/t Au. Molybdenum is highly anomalous in some of the samples,
especially in the mineralized quartz veins around the breccias,
reaching values up to 196.5 ppm Mo, clearly suggesting an overall
association with a fertile, high-level porphyry environment.
Figure 2. Distribution of copper values
within the breccia zones found at Copper Queen.Breccia outlines are
shown as originally mapped by Anaconda in 1968.Breccias 5 and 6
have not been recognized in the field.
Figure 3. Examples of mineralization at
Copper Queen. A, quartz, calcite, chloritebreccia cement. B, detail
of the breccia cement showing oxidized chalcopyrite.C and D,
abundant chalcopyrite and Cu oxides in the breccia cement.
Sable’s team continues on the ground, mapping
and evaluating at least three additional areas where Cu
mineralization has been observed outside of the main breccia zones
described in this press release. Results for samples from these
additional zones will be reported at a later date. Table 1, below,
contains the location and results to date of highlighted samples
from the main breccias at the Copper Queen project.
Table 1. Highlighted results from sampling at
the Copper Queen Project.
Sample |
Northing |
Easting |
Elevation |
Site |
Cu(ppm) |
Ag(g/t) |
Au(g/t) |
Moppm |
K843513 |
5765332 |
334362 |
2000 |
Float |
10,250 |
41.7 |
0.091 |
1.79 |
K843554 |
5765253 |
335679 |
1582 |
Outcrop |
8,860 |
9.16 |
0.034 |
12.35 |
K843559 |
5765383 |
334532 |
1961 |
Outcrop |
7,190 |
9.45 |
0.03 |
1.1 |
K843269 |
5765385 |
335619 |
1678 |
Float |
6,680 |
9.58 |
0.084 |
2.64 |
K843552 |
5765300 |
335642 |
1613 |
Outcrop |
6,390 |
6.69 |
0.048 |
1.39 |
K843551 |
5765294 |
335657 |
1598 |
Outcrop |
6,340 |
4.82 |
0.035 |
4.47 |
K843267 |
5765480 |
335474 |
1773 |
Float |
6,070 |
11.5 |
0.026 |
19.05 |
K843502 |
5765565 |
335092 |
1908 |
Float |
5,470 |
0.92 |
0.005 |
4.89 |
K843505 |
5765261 |
335605 |
1642 |
Outcrop |
5,200 |
4.16 |
0.022 |
4.82 |
K843332 |
5765324 |
334233 |
2023 |
Outcrop |
5,090 |
10.15 |
0.126 |
4.67 |
K843563 |
5765275 |
334552 |
1889 |
Outcrop |
5,040 |
2.03 |
0.065 |
22.3 |
K843334 |
5765302 |
334226 |
2020 |
Outcrop |
4,960 |
6.29 |
0.584 |
1.88 |
K843553 |
5765303 |
335634 |
1620 |
Outcrop |
4,310 |
3.21 |
0.026 |
98.3 |
K843328 |
5765322 |
334385 |
1987 |
Float |
4,050 |
3.85 |
0.009 |
0.93 |
K843512 |
5765364 |
334437 |
2002 |
Outcrop |
4,020 |
9 |
0.029 |
1.63 |
K843560 |
5765386 |
334676 |
1941 |
Outcrop |
2,950 |
0.38 |
0.013 |
0.95 |
K843275 |
5776847 |
335482 |
1839 |
Float |
2,940 |
19.75 |
0.056 |
1.07 |
K843330 |
5765345 |
334284 |
2016 |
Outcrop |
2,940 |
1.76 |
0.127 |
2.15 |
K843572 |
5777004 |
336901 |
1986 |
Float |
2,700 |
4.36 |
0.01 |
41.4 |
K843266 |
5765475 |
335461 |
1778 |
Outcrop |
2,450 |
14.5 |
0.045 |
2.87 |
K843508 |
5765352 |
334488 |
1953 |
Float |
2,100 |
4.1 |
0.161 |
10.2 |
K843447 |
5765540 |
334906 |
1932 |
Outcrop |
2,080 |
5.48 |
0.167 |
4.33 |
K843276 |
5776849 |
335481 |
1838 |
Float |
2,070 |
2.43 |
0.007 |
27.2 |
K843510 |
5765346 |
334490 |
1952 |
Float |
1,695 |
4.18 |
0.104 |
2.3 |
K843272 |
5765341 |
334455 |
1985 |
Outcrop |
1,455 |
2.05 |
0.071 |
3.94 |
K843506 |
5765247 |
335606 |
1592 |
Outcrop |
1,335 |
1.55 |
0.009 |
1.06 |
K843268 |
5765498 |
335511 |
1774 |
Outcrop |
1,300 |
1.06 |
0.0025 |
1.71 |
K843326 |
5765363 |
334481 |
1954 |
Outcrop |
1,260 |
2.08 |
0.015 |
0.96 |
K843335 |
5776868 |
336473 |
1742 |
Float |
1,050 |
3.34 |
0.035 |
887 |
Grant of Options
The Company also reports that it has granted an
aggregate of 3,450,000 options to purchase common shares of the
Company to directors, officers, employees and consultants in
accordance with the Company’s stock option plan. The options
granted are exercisable at $0.05 for a period of five
years.
SAMPLE PREPARATION AND
QA/QC
Sample preparation for projects in British
Columbia is carried out by ALS Minerals, at its facility located in
Kamloops. Analyses are carried out at their laboratory in
Vancouver. 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). The samples contained in this press release
were analyzed by methods Au-AA24 (Fire Assay Fusion and Atomic
Absorption Spectrometry finish) and ME-MS61 (Four Acid Digestion
with Mass Spectrometry finish); the latter one includes 48 elements
(Al, Ag, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge,
Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb,
Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Both
digestion methods dissolve most minerals but not all elements are
quantitatively extracted in some sample matrices. ALS additionally
collects a subsample from the coarse reject to be analyzed by
Terraspec; spectral data is sent to AISIRIS Australia to be
processed and interpreted.
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.
The Company notes that grab samples are
selective by nature and therefore should not be understood as
representative of the actual grades in the property. Additionally,
the company clarifies that the historical Anaconda work on the
property is used only as a reference and that the original Anaconda
reports or data have not been found.
ABOUT THE COPPER QUEEN PROJECT
The Copper Queen project is located 225km west
of Williams Lake in Central western BC, and 25km
NW of Sable’s Perk Rocky project. Exploration work conducted by
Anaconda American Brass between 1968 and 1969 shows the existence
of quartz feldspar porphyries and at least five mineralized
breccias within a porphyry system of approximately 4.5 x 2km.
Anaconda reported drilling 182m in two holes in 1969, however
Anaconda did not file detailed information about the drilling but
reported grades from 0.2 to 0.3% Cu in 6 to 25 metres intervals.
Rio Tinto drilled two holes totaling 119m on the southern margin of
McClinchy Lake following a chargeability anomaly where Cu
mineralization was observed but results were not significant. Minor
sampling visits were conducted in 1982 and 1994, and a 900km VLF-EM
and radiometric survey was conducted by Seaborne Minerals in 2011.
No exploration activity has been performed on the property since
2011 and no mapping since the Anaconda times. Sable initially
staked the property in May 2024 and recently extended the property
to 13,880 hectares.
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 favourable, 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, and Los Pumas Projects in San Juan Province, Argentina; and
the Perk Rocky Project (10,475ha), Copper Queen (13,880ha), and
Rusty Peak (1,942 ha) properties in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at
ruben.padilla@sableresources.com or +1 (520) 488-2520 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.
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, 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.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/e75e710f-b4a4-4c61-992d-e05004a6778dhttps://www.globenewswire.com/NewsRoom/AttachmentNg/d30be775-2c07-4576-96c0-c9a311b07c04https://www.globenewswire.com/NewsRoom/AttachmentNg/51a80787-405d-4f82-bd9e-bf2b44aeb4e1
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