VANCOUVER, BC, Aug. 31,
2021 /CNW/ - Sable Resources Ltd. ("Sable" or
the "Company") (TSXV: SAE) (OTCQB: SBLRF)
is pleased to provide an exploration update on
work completed at El Fierro project, San Juan Province,
Argentina. In addition, the
Company is providing details for its upcoming exploration
season. El Fierro has grown from discovery in
July 2020 to become Sable's flagship
exploration project. Sable is planning an aggressive
exploration campaign for the next summer including extensive
drilling, geophysics and trenching.
Highlights of Last Field Season Exploration
Work
- Sable controls a 46,391 hectare land position,
consolidating all the historically known mineralized areas plus
district-scale unexplored areas over a large magnetic anomaly and a
highly prospective Miocene volcanic basin.
- Known mineralization is represented by high-grade
Ag-Pb-Zn and Ag-Au (Pb, Zn) epithermal veins with multiple surface
results of greater than 1,000 g/t AgEq (Sable's 2020 and 2021
previous press releases.
- Mapping of trenches, boulders, sub-crops and outcrops has
increased the known strike length of veins to over 14.5 linear
kilometres defining an extensive footprint of 8.6 by 6.2 km
consisting of four mineralized zones - Fierro Bajo, Fierro Alto, La Verde and Lagunitas.
- In late 2020 and early 2021, Sable completed a 264
kilometre Ground Magnetics survey and a 78 kilometre Induced
Polarisation electrical survey. Both surveys have proven to
be excellent tools to map the along strike projection of veins and
structures in a terrain largely cover by thin Quaternary
gravels.
- A total of 1,500 m of
trenches, 847 rock samples and 509 soil samples have been collected
in the project returning outstanding rock assays including
17,531 g/t AgEq, 4,552 g/t AgEq, and 2,611 g/t
AgEq.
- In February 2021, Sable
started the first drilling campaign ever conducted at El Fierro
completing 25 holes totalling 3,278 metres. Multiple high-grade
intercepts have been released since April including
4,381 g/t AgEq over 0.5m within
546.78 g/t AgEq over 9.95 m and 1,556
g/t AgEq over 0.5m within 783.8 g/t
AgEq over 1.0m, among
others.
- The initial drilling has successfully confirmed the
continuity of the high-grade veins encountered at surface to a
vertical depth of up to 90m.
Dr. Ruben Padilla, Chief
Executive Officer of Sable commented: "We're very proud of the
rapid advance that the project has experienced in one year and of
the hard work of our geology team in Argentina. Our next field season
starting in September will be a breakthrough for the project as we
increase our drilling to test the impressive El Fierro
footprint."
Key Points of Sable's Upcoming Exploration
Program:
- Up to 15,000 metres of drilling to define potential AgEq
ounces within known veins, focused on:
-
- Definition of the 3D geometry, size, and grade of the
well-mineralized sections of veins intercepted during the last
field season at Fierro Bajo and La Verde to explore the full extent
of these vein systems.
- Testing down-dip and along strike continuity of the newly
discovered Lagunitas vein system.
- An additional 900 kilometres of Ground Magnetics and 50
kilometres of Induced Polarisation geophysical
surveying.
- Acquisition of 284 square kilometres of high resolution
satellite imagery and alteration mineral modelling to support
regional exploration within unexplored parts of the
property.
- Drilling will initiate in October with two diamond drill
rigs.
- Sable is fully funded to complete the planned
program.
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 four main known mineralized areas -
Fierro Alto, Fierro Bajo, La Verde,
and Lagunitas over an area of 8.6 km x 6.2 km. Three of the
four 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. Prior to Sable's 2021 drill program, the
Property had never been drilled before. 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.
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.
