VANCOUVER, Jan. 12, 2021 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to
announce the first results of early reconnaissance geochemical
sampling from its new Los Pumas project located in San Juan
Province, 21 km south of Sable's Don
Julio project.
Discovered through systematic follow-up of a large scale ASTER
spectral anomaly, Sable's geologists collected a total of 254 rock
samples over an extensive 6km by 4km area returning multiple
high-grade values of up to 103 g/t Au, up to 2,650 g/t Ag, and up
to 2.9% Cu with 48 samples returning over 1 g/t gold
equivalent.
Assay Highlights:
- Sample E01779 - 105.961 g/t AuEq (103 g/t Au, 130 g/t Ag, 0.90%
Cu) Grab sample
- Sample E13968 - 38.781 g/t AuEq (0.66 g/t Au, 2,570 g/t Ag,
2.81% Cu) Grab Sample
- Sample E13967 - 36.864 g/t AuEq (0.577 g/t Au, 2650 g/t Ag,
0.70% Cu) Grab Sample
- Sample E13807 - 28.638 g/t AuEq (0.506 g/t Au, 1935 g/t Ag,
1.70% Cu) Grab Sample
- Sample E13945 - 17.654 g/t AuEq (11.05 g/t Au, 196 g/t Ag,
2.91% Cu) 0.2m Channel
- Sample E13805 - 15.183 g/t AuEq (11.95 g/t Au, 53.7 g/t Ag,
1.84% Cu) Grab Sample
- Sample E13900 - 9.647 g/t AuEq (2.4 g/t Au, 399 g/t Ag, 1.41%
Cu) 0.1m Channel
- Sample E13964 - 8.606 g/t AuEq (1.54 g/t Au, 423 g/t Ag, 1.04%
Cu) 1m Channel
- Sample E14000 - 6.627 g/t AuEq (0.302 g/t Au, 472 g/t Ag, 0.02%
Cu) 0.5m Channel
- Sample E13944 - 6.579 g/t AuEq (2.34 g/t Au, 28.9 g/t Ag, 2.81%
Cu) 0.5m Channel
- Sample E13997 - 6.200 g/t AuEq (4.25 g/t Au, 143 g/t Ag, 0.03%
Cu) 0.5m Channel
- Sample E01767 - 5.699 g/t AuEq (0.09 g/t Au, 145 g/t Ag, 2.68%
Cu) Grab Sample
"Los Pumas represents a brand-new grassroots discovery with no
previous sampling or drilling in the vicinity, a clear product of
our systematic approach to greenfields exploration. We are
greatly encouraged by the large number of well-mineralised samples
across such a broad footprint identified in our first field visits
to the area," stated Ruben Padilla,
President and CEO of Sable, who added, "Additional work, including
soil sampling, trenching, geophysics and road constructions, will
be required to fully define the real magnitude and characteristics
of the system."
Originally identified as a large-scale ASTER satellite image
spectral anomaly (coincident Silica-Illite-Alunite±Kaolinite)
located on the south-east part of the Company's properties (Figure
1), Sable's exploration team conducted field reconnaissance,
observing extensive alteration, hosted within Permian granites and
Paleozoic sandstones. The alteration shares characteristics with
intrusion related and some IOCG systems consisting of sericite,
K-feldspar, sheeted quartz veinlets, tourmaline veins and breccias.
The mineralization observed consists of pyrite, chalcopyrite,
tetrahedrite, and Cu oxides associated to the quartz and tourmaline
veins and veinlets. The geochemical expression along
with the observed alteration delineates a footprint of at least 6km
by 4km in several mineralized clusters separated by mostly
unexplored ground. Distribution of geochemical values in
these zones are presented in Figures 2 to 5 with significant values
shown in Table 1 below.
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, January 14,
2021. To register, please click on the following link -
https://zoom.us/webinar/register/WN_j34oL9iLScujEgGy2kFlFg.
Significant Values
Sample
|
Type
|
Size
(m)
|
Au Eq
(g/t)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(%)
|
E01779
|
Grab
|
|
105.961
|
103
|
130
|
0.90
|
E13968
|
Grab
|
|
38.781
|
0.66
|
2570
|
2.81
|
E13967
|
Grab
|
|
36.864
|
0.577
|
2650
|
0.70
|
E13807
|
Grab
|
|
28.638
|
0.506
|
1935
|
1.70
|
E13945
|
Channel
|
0.2
|
17.654
|
11.05
|
196
|
2.91
|
E13805
|
Grab
|
|
15.183
|
11.95
|
53.7
|
1.84
|
E13900
|
Channel
|
0.1
|
9.647
|
2.4
|
399
|
1.41
|
E13964
|
Channel
|
1
|
8.606
|
1.54
|
423
|
1.04
|
E14000
|
Channel
|
0.5
|
6.627
|
0.302
|
472
|
0.02
|
E13944
|
Channel
|
0.5
|
6.579
|
2.34
|
28.9
|
2.81
|
E13997
|
Channel
|
0.5
|
6.200
|
4.25
|
143
|
0.03
|
E01767
|
Grab
|
|
5.699
|
0.09
|
145
|
2.68
|
E13929
|
Grab
|
|
3.308
|
0.122
|
43.5
|
1.90
|
E13830
|
Grab
|
|
3.216
|
0.007
|
1
|
2.33
|
E13507
|
Float
|
|
3.208
|
0.178
|
73.5
|
1.50
|
E13928
|
Float
|
|
3.122
|
0.024
|
11.2
|
2.15
|
E13813
|
Channel
|
1
|
3.114
|
1.77
|
98.8
|
0.02
|
E01770
|
Float
|
|
2.759
|
0.104
|
109
|
0.88
|
E13935
|
Grab
|
|
2.742
|
0.307
|
99
|
0.81
|
E13552
|
Channel
|
0.4
|
2.690
|
0.144
|
118
|
0.71
|
E13990
|
Channel
|
1
|
2.497
|
1.135
|
99.5
|
0.03
|
E13831
|
Channel
|
2
|
2.399
|
0.843
|
91.8
|
0.24
|
E13933
|
Channel
|
1
|
2.320
|
0.124
|
82.4
|
0.80
|
E01771
|
Grab
|
|
2.303
|
0.019
|
82.3
|
0.87
|
E13806
|
Float
|
|
2.220
|
0.068
|
160
|
0.01
|
E13472
|
Grab
|
|
2.213
|
0.124
|
28.6
|
1.25
|
E13992
|
Channel
|
0.25
|
2.083
|
0.93
|
85
|
0.01
|
E13601
|
Channel
|
0.6
|
2.004
|
0.043
|
59.1
|
0.86
|
E01769
|
Grab
|
|
1.992
|
0.117
|
101
|
0.39
|
E01790
|
Grab
|
|
1.910
|
0.058
|
20.6
|
1.15
|
E13934
|
Float
|
|
1.863
|
0.098
|
21.8
|
1.08
|
E13551
|
Channel
|
1
|
1.804
|
0.578
|
76.4
|
0.15
|
E13936
|
Grab
|
|
1.768
|
0.085
|
24
|
0.99
|
E13932
|
Channel
|
1
|
1.659
|
0.095
|
31.6
|
0.83
|
E13839
|
Channel
|
2
|
1.640
|
0.013
|
14
|
1.05
|
E13832
|
Grab
|
|
1.581
|
0.17
|
14
|
0.89
|
E13525
|
Channel
|
0.1
|
1.468
|
0.098
|
97
|
0.06
|
E13852
|
Grab
|
|
1.433
|
0.031
|
19.5
|
0.83
|
E13989
|
Channel
|
0.15
|
1.341
|
0.594
|
54.7
|
0.01
|
E13963
|
Channel
|
1
|
1.323
|
0.317
|
5.9
|
0.68
|
E13838
|
Float
|
|
1.284
|
0.057
|
12.4
|
0.77
|
E01780
|
Grab
|
|
1.255
|
0.187
|
26.8
|
0.52
|
E13836
|
Channel
|
0.5
|
1.245
|
0.463
|
47.1
|
0.11
|
E13559
|
Float
|
|
1.187
|
0.027
|
22.7
|
0.63
|
E13555
|
Channel
|
0.5
|
1.171
|
0.071
|
7.1
|
0.73
|
E13557
|
Channel
|
1
|
1.125
|
0.18
|
59.7
|
0.11
|
E01756
|
Channel
|
1
|
1.118
|
0.108
|
73.5
|
0.02
|
E13893
|
Channel
|
0.2
|
1.106
|
0.026
|
64.2
|
0.16
|
E13563
|
Channel
|
1
|
0.953
|
0.195
|
36.1
|
0.20
|
E13927
|
Float
|
|
0.927
|
0.026
|
14.5
|
0.52
|
E13926
|
Channel
|
0.1
|
0.893
|
0.362
|
22.2
|
0.17
|
E13558
|
Channel
|
0.5
|
0.886
|
0.069
|
9.2
|
0.51
|
E13962
|
Channel
|
1
|
0.797
|
0.083
|
4
|
0.48
|
E13841
|
Channel
|
0.2
|
0.763
|
0.024
|
53.5
|
0.02
|
E13985
|
Channel
|
1
|
0.760
|
0.658
|
6.8
|
0.01
|
E13991
|
Channel
|
1
|
0.752
|
0.538
|
15.6
|
0.004
|
E13834
|
Channel
|
1
|
0.730
|
0.073
|
11.4
|
0.37
|
E13931
|
Float
|
|
0.724
|
0.016
|
9.8
|
0.42
|
E13561
|
Channel
|
1
|
0.696
|
0.204
|
24.5
|
0.12
|
E13853
|
Float
|
|
0.607
|
0.009
|
18
|
0.26
|
E13571
|
Grab
|
|
0.594
|
0.537
|
2.4
|
0.02
|
E13816
|
Channel
|
1
|
0.592
|
0.363
|
3.3
|
0.14
|
E13966
|
Float
|
|
0.579
|
0.051
|
8.4
|
0.30
|
E13995
|
Channel
|
0.5
|
0.527
|
0.156
|
27.2
|
0.01
|
E13947
|
Grab
|
|
0.516
|
0.268
|
7.5
|
0.11
|
E01814
|
Channel
|
0.1
|
0.511
|
0.049
|
1.6
|
0.32
|
Table 1. Highlighted results from Los Pumas showing Au, Ag, Cu,
and AuEq grades
Gold equivalent grades were calculated considering prices of
U$1,500 per ounce of gold; US20 per ounce of silver; and
US$3 per pound of copper, as well as
considering a recovery of 100%. The Company notes that
selected grab samples are not necessarily representative of the
mineralization hosted at Los Pumas. Maps and tables with full
results are available on Sable's website
(www.sableresources.com).
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 stage utilizing
their Upper Level Epithermal Strategy. Sable is actively exploring
the San Juan Regional Program (110,877 ha) incorporating the Don
Julio Project and the El Fierro Project in San Juan Province,
Argentina as well as the Mexico
Regional Program (1.16Mha in application, 39,000ha titled)
incorporating the Vinata and El Escarpe projects.
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-GRA21 which includes Fire Assay with
gravimetric finish is applied when Ag exceeds 1,500 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.