TORONTO, Oct. 9, 2019 /CNW/ - Sable Resources (TSX.V: SAE)
(the "Company" or "Sable") is pleased to announce that the first
drill test will begin this week at its 100% owned Vinata Project.
The initial program consists of a minimum of 2000m of core drilling to test the outcropping
upper level epithermal veins and their projected extension under
shallow quaternary gravel. This Phase 1 drill program will be
expanded should positive results warrant additional drilling.
This is the first ever drilling campaign to be performed at the
Vinata epithermal project and it is designed to test for high-grade
precious metal horizons approximately 200 metres below anomalous
surface samples.
Two structurally controlled upper level epithermal anomalous
areas have been recognized at the project, Vinata Norte and Vinata
Sur. Company geologists identified low-temperature silica textures
and hydrothermal breccias combined with anomalous Au, Ag, As, Sb,
Hg, Mn, Ba, and Mo values indicating a position in the upper levels
of an epithermal system. Results from the program will be released
as they are received over the next few months.
As part of the preparation for the upcoming drilling campaign,
the company completed 170 km of GroundMag and 8950m of CSAMT surveys distributed in 9 lines,
showing coincident geophysical anomalies with the outcropping
mineral occurrences.
The CSAMT survey was conducted by Géophysique TMC, preliminary
results show high angle resistivity features coincident with the
mapped fault-veins and breccias at Vinata Norte and Vinata Sur.
The GroundMag survey was conducted along East – West lines with
200m of separation. The data was
processed and interpreted by a geophysicist consultant in
Mexico. The magnetic data at
Vinata Norte show the sub-outcropping rhyolitic intrusion as a
magnetic high feature clearly contrasting with the surrounding
volcanic and sedimentary sequence. The outcropping NNE epithermal
vein system, which represents the main target at the project
appears coincident with a MagLow running on the western margin of
the rhyolite intrusion for over 3 km in strike (Figure 1). Some
stratigraphic features are also defined on the Mag sections;
including a well-defined MagLow feature (Figure 2) observed at the
contact between the rhyolite intrusion and the interpreted
limestones that underlie the upper volcanic sequence; this contact
constitutes an additional potential target zone. At Vinata Sur the
outcropping faults and breccias containing Fe-Mn oxides and
associated Mn, Ba, Sb, As, Mo, Zn anomalies, hosted by volcanic
rocks, are coincident with an elliptical shape NS oriented MagLow
(Figure 1).
"The data provided by the recent geophysical surveys confirm the
quality of the targets and is helping us to better define the
planning of the upcoming drill test at Vinata" commented
Ruben Padilla, Sable's VP of
exploration.
ABOUT THE VINATA PROJECT
The Vinata project is located
in the Municipality of Chihuahua, State
of Chihuahua, Mexico, 50 km south of the city of Chihuahua.
The Vinata Project is located along possible extensions of known
important mineral belts of northern Mexico including base metal CRD deposits as
Santa Eulalia (50km NE of Vinata)
and Naica (75km SE of Vinata), and
the polymetallic vein system of the new discovery of Sunshine
Silver Corp.'s Los Gatos Project, located 75 km SW of Vinata.
Vinata is located on the west edge of a range of hills called
the Sierra Pastorias with low relief at an altitude of between
1,600 m and 1,700 m above sea level, and just east of a broad
flat valley. The terrain around Vinata has low relief, where two
mineralized areas have been identified, Vinata Norte and Vinata
Sur, which are separated by and area of approximately 4000m covered by shallow quaternary gravels.
No historical mine workings exist at Vinata Norte. And only a
few, small, historic mine workings exist in the area of Vinata Sur,
where waste dumps are very small, and there is no knowledge or
evidence of past processing plants or tailings.
The project was initially identified via stream sediment follow
up. At Vinata Norte the system consists of a series of NNE oriented
quartz veins that outcrop along a strike length of 1,150m cutting rhyolite tuffs and a volcanic dome
that overlies and cut Cretaceous limestone. Quartz vein float
extends additional 450m to the
southeast and for more than 1000m
toward the NW. The system consists of multiple sub-parallel veins
and stockwork zones with epithermal textures over a width of
between 15m and 170m. Individual veins vary in width from
<1m up to about 12m with anomalous Au, Sb, As, and Hg values in
rock samples.
At Vinata Sur, outcropping subhorizontal volcanic rocks are cut
by NW oriented hydrothermal breccias and faults containing abundant
Mn and Fe oxides. Historical artisanal mine workings followed the
Mn-Fe oxidized structures, that in addition of high Mn-Fe values
are anomalous in Sb, As, Ba, Mo, and Zn.
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. Sables'
main focus is developing their large portfolio of new greenfields
projects to resource stage utilizing its Upper Level Epithermal
Strategy. Sable is actively exploring the Margarita silver project
in Chihuahua, discovered by the company in 2018; the Mexico
Regional Program (1.16Mha in application, 39,000ha titled)
incorporating the Vinata and El Escarpe projects; the San Juan
Regional Program (58,000ha) incorporating the Don Julio Project in
San Juan Province, Argentina; and the Scorpius project in
Ayacucho, Peru.
Qualified Person
Luis Arteaga
M.Sc. P.Geo. Exploration Manager for Sable Resources and the
Company's Qualified Person as defined by NI 43-101 has reviewed and
approved the technical information in this news release.
We seek safe harbor
SOURCE Sable Resources Ltd.