Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE |
OTCQB:SBLRF) is pleased to announce new results from several
mineralized areas within its 100% owned Copper Queen Project
located in west-central British Columbia (“Copper Queen” or the
“Property”).
Highlights
- The Copper Queen Project area now
covers 15,133 hectares and contains at least five separate Cu
targets: Breccias 1,2,3, Roof, Nogwon, Charlotte, and Breccia
4.
- Breccias 1,2,3 were identified by
Anaconda in 1969. Roof, Nogwon, Charlotte, and mineralization East
of Breccia 4, were not previously recorded, and are considered new
discoveries made by Sable during the 2024 summer exploration
campaign.
- 234 rock samples have been
collected by Sable throughout the Property and all results have
been received. A maximum value of 2.67% Cu is recorded.
- All the new targets will be
subjected to additional fieldwork, including mapping, rock
sampling, soil sampling and geophysics, planned for summer,
2025.
Dr. Ruben Padilla, President and CEO of Sable
commented, “We have seen a continuous growth of our Copper Queen
Project thanks to the active exploration work conducted by our
geology team last summer, defining multiple copper targets and
associated molybdenum, silver, and gold mineralization hosted by
magmatic-hydrothermal breccias and highly fractured zones. Our
present targets are now contained within an area of 12km by 18km,
and large areas of our present land package have yet to be
explored. We’re looking forward to returning to the field next
summer, to continue to advance these high-potential targets.”
Figure 1. Distribution of Cu values from rock
sampling across the Copper Queen Project to date, revealing the
five exploration targets discussed in text.
New Target Description
Roof
The Roof target, located 3.5 km north of
breccias 1,2,3, exhibit copper mineralization hosted in foliated
metavolcanic rocks. Chalcopyrite and malachite are disseminated
along the foliation planes and deposited along fractures.
Outcropping mineralization is observed for approximately 420m with
the possibility extending to 610m. Of 17 samples collected, 13
returned values greater than 0.1% Cu, with a highest value of 2.67%
Cu, 37.9 g/t Ag, and 0.19 g/t Au being recorded to date.
Figure 2. Distribution of Cu values in rock samples at the Roof
target.
Nogwon
The Nogwon target is located approximately
14.5km east from Breccias 1,2,3. Limited outcrop exposed within a
glacial cirque reveals the presence of granite-hosted intrusion
breccias with Cu mineralization in the cement. Chalcopyrite is also
observed in the granite within small cavities that resemble
miarolitic cavities, lined with the breccia-cement assemblage of
quartz, calcite and chlorite. Of 23 samples collected, nine
returned values higher than 0.1% Cu with a maximum value of 1.25%
Cu, 20.8 g/t Ag, and 0.1 g/t Au being recorded to date. Out
cropping mineralization is observed over an area of 320m by 200m
and is open in all directions, as outcrop around the cirque is
generally hidden by unconsolidated glacial moraine.
Figure 3. Distribution of Cu values in rock samples at the
Nogwon target.
Charlotte
The Charlotte target is located 11.5km north of
breccias 1,2, 3 and 28km southwest of the village of Nimpo Lake.
The target is road accessible from Highway 20 along the Charlotte
Lake FSR. Colour anomalies observed from satellite images coincide
with quartz veins containing chalcopyrite. Copper mineralization is
also contained in skarn alteration along the contact of Jurassic
granite with fine grain hornfelsed sediments. A large zone with
altered and oxidized boulders is located on the eastern-most part
of the target. A single sample collected from these boulders
returned 0.27% Cu and 41 ppm Mo. Another sample collected 440m to
the east returned 880 ppm Mo, suggesting a possible porphyry
environment. Anomalous Cu values recorded to date are dispersed
along an approximately 1.4km east-west corridor.
Figure 4. Distribution of Cu values in rock samples at the
Charlotte target.
Breccia 4
Breccia 4, located on the eastern side of
McClinchy Lake, is one of the breccias originally discovered by
Anaconda in 1968. The target consists of granite clasts with
sericite-pyrite cement. This breccia reveals no Cu mineralization,
but local molybdenite with values up to 131 ppm Mo is observed.
Exploration around the breccia revealed three zones containing Cu
bearing veins located west, east, and southeast of Breccia 4.
Values recorded in these veins attain 0.68% Cu and 473 ppm Mo. All
the copper occurrences around Breccia 4 are contained within an
area of about 3.7 km2. The area is heavily covered and requires
additional mapping and prospection.
Figure 5. Distribution of Cu values in rock
samples at the Breccia 4 target.
Table 1. Selected results from
new targets within the Copper Queen Project, not including
previously released samples. This table includes samples with
values >0.1% Cu and some samples with <0.1% Cu but with
highly anomalous Ag, Au, and/or Mo (Coordinates in NAD83-Zone
10).
Sample |
North |
East |
Elevation |
Ag_ppm |
Au_ppm |
Cu_ppm |
Mo_ppm |
K843734 |
5768708 |
334172 |
1880 |
34.6 |
0.173 |
26,700 |
5.71 |
K843718 |
5768866 |
334520 |
1967 |
37.9 |
0.194 |
16,550 |
4.54 |
K843721 |
5763740 |
350104 |
2003 |
20.8 |
0.104 |
12,550 |
17.35 |
K843733 |
5768698 |
334186 |
1882 |
4.85 |
0.011 |
7,800 |
2.76 |
K843748 |
5764473 |
340369 |
2011 |
11.2 |
1.94 |
6,810 |
2.88 |
K843726 |
5763144 |
339441 |
2062 |
8.49 |
0.078 |
5,880 |
473 |
K843590 |
5764831 |
338154 |
1805 |
44.5 |
0.762 |
5,550 |
26.6 |
K843747 |
5764510 |
340328 |
1967 |
1.02 |
0.181 |
5,520 |
38.3 |
K843749 |
5764473 |
340369 |
2011 |
7.91 |
1.02 |
4,910 |
1.97 |
K843692 |
5768811 |
334505 |
1959 |
4.89 |
0.046 |
4,590 |
3.63 |
K843731 |
5768777 |
334495 |
1931 |
5.56 |
0.066 |
4,480 |
6.78 |
K843714 |
5768204 |
338624 |
2030 |
6.92 |
0.253 |
4,140 |
12.3 |
K843682 |
5763705 |
350291 |
2044 |
1.15 |
0.048 |
4,000 |
2.43 |
K843732 |
5768681 |
334296 |
1851 |
3.72 |
0.015 |
3,910 |
2.7 |
K843629 |
5764515 |
340355 |
2036 |
6.84 |
0.621 |
3,800 |
3.2 |
K843722 |
5763730 |
350126 |
2002 |
5.69 |
0.063 |
3,540 |
1.55 |
K843695 |
5768675 |
334267 |
1853 |
3.14 |
0.016 |
3,190 |
3.65 |
K843736 |
5768725 |
334126 |
1911 |
2.64 |
0.099 |
3,040 |
1 |
K843529 |
5763717 |
350283 |
2172 |
11.45 |
0.079 |
2,980 |
2.28 |
K843275 |
5776847 |
335482 |
1839 |
19.75 |
0.056 |
2,940 |
1.07 |
K843737 |
5769114 |
334601 |
1999 |
9.21 |
0.119 |
2,800 |
1.72 |
K843691 |
5768799 |
334521 |
1967 |
8.5 |
0.088 |
2,730 |
1.82 |
K843572 |
5777004 |
336901 |
0 |
4.36 |
0.01 |
2,700 |
41.4 |
K843735 |
5768700 |
334179 |
1881 |
4.28 |
0.054 |
2,650 |
2.21 |
K843750 |
5764494 |
340379 |
1988 |
1.15 |
0.153 |
2,580 |
1.94 |
K843620 |
5763673 |
350099 |
2138 |
0.28 |
0.009 |
2,380 |
2.32 |
K843729 |
5768761 |
334513 |
1922 |
1.96 |
0.0025 |
2,380 |
6.77 |
K843581 |
5763870 |
350311 |
2037 |
1.72 |
0.02 |
2,100 |
2.04 |
K843276 |
5776849 |
335481 |
1838 |
2.43 |
0.007 |
2,070 |
27.2 |
K843684 |
5763666 |
350067 |
2143 |
0.09 |
0.0025 |
1,930 |
0.89 |
K843591 |
5764792 |
338247 |
1829 |
2.22 |
0.013 |
1,845 |
1.51 |
K843582 |
5763682 |
350131 |
2037 |
0.59 |
0.041 |
1,750 |
2.74 |
K843631 |
5764557 |
340504 |
2036 |
0.15 |
0.153 |
1,535 |
1.08 |
K843689 |
5762799 |
339259 |
2272 |
1.22 |
0.009 |
1,305 |
1.24 |
K843720 |
5763736 |
350122 |
2003 |
1.58 |
0.016 |
1,220 |
1.1 |
K843335 |
5776868 |
336473 |
1742 |
3.34 |
0.035 |
1,050 |
887 |
K843694 |
5768733 |
334175 |
1907 |
0.93 |
0.006 |
1,045 |
0.62 |
K843288 |
5764770 |
338205 |
1789 |
39.7 |
0.755 |
659 |
66.2 |
K843727 |
5763732 |
339334 |
2025 |
0.88 |
0.017 |
405 |
367 |
K843499 |
5768119 |
338897 |
2027 |
1.95 |
0.076 |
395 |
392 |
K843498 |
5768119 |
338897 |
2027 |
0.94 |
0.053 |
206 |
180 |
K843568 |
5776090 |
335527 |
2071 |
24.6 |
0.023 |
161.5 |
44.7 |
K843278 |
5776915 |
335454 |
1817 |
44.7 |
0.184 |
115 |
3.69 |
K843569 |
5776090 |
335527 |
2071 |
19.7 |
1.675 |
86.7 |
26 |
k843589 |
5764832 |
337813 |
1701 |
5.07 |
0.134 |
29.2 |
79.9 |
K843594 |
5764566 |
338683 |
1942 |
0.11 |
0.047 |
7.6 |
131 |
K843535 |
5764510 |
339681 |
0 |
3.81 |
2.76 |
1.2 |
1.72 |
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in British
Columbia is carried out by ALS Minerals, at its facility located in
Kamloops with analyses 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 news 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.
ABOUT THE COPPER QUEEN PROJECT
Copper Queen is located 225km west of Williams
Lake in Central Western BC. Exploration work conducted by Anaconda
American Brass (“Anaconda”) between 1968 and 1969 shows the
existence of quartz feldspar porphyries and at least five
mineralized breccias within a porphyry system of approximately
4.5km by 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 the 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 at
Copper Queen since 2011 and no mapping since the Anaconda times.
Sable initially staked the Property in May 2024 and recently
extended the Property to 15,133 hectares.
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 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 favorable, 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 Cerro Negro projects in San Juan Province, Argentina
and the Copper Queen (15,133ha), Rusty Peak (1,942 ha), Copper
Prince (3,980 ha) and the Core Mountain (1,925 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.
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