VANCOUVER, BC, Sept. 30, 2020
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:
SAE) (OTCQB: SBLRF) is pleased to announce that it has received
preliminary results from a newly discovered zone at El Fierro
Project in San Juan, Argentina.
The La Verde zone is located 3 km north of the Fierro Alto zone and
8 km north of Fierro Bajo where
high-grade results were recently released by the Company (see press
releases of August 12 and
September 15, 2020).
Ten samples were collected during this preliminary review from
three well-defined structures (Veins M, N and P) (see Table
1). Individual assay values reach up to 900 g/t Ag; 16.7 g/t
Au; >20% Pb; 3.4% Zn; and 2.9% Cu whereas silver equivalent
values are as high as 2,582.06 g/t AgEq. All the samples returned
values in excess of 100g/t Ag, with strongly anomalous gold values
in all samples. Lead exceeded the detection limit of 20% in five
samples.
Assay Highlights:
Vein P
- 2,582.06 g/t AgEq (784 g/t Ag, 16.7g/t Au, 3.42% Pb, 0.302% Zn,
2.54% Cu) Grab Sample
- 1,913.38 g/t AgEq (900g/t Ag, 2.57g/t Au, 20% Pb*, 0.186% Zn,
1.22% Cu) Grab Sample
- 1,502.00 g/t AgEq (339g/t Ag, 3.11g/t Au, 20% Pb*, 3.43% Zn,
0.941% Cu) Grab Sample
- 1,631.30 g/t AgEq (444g/t Ag, 1.23g/t Au, 20% Pb*, 2.72% Zn,
2.91% Cu) Grab Sample
Vein N
- 1,342.41 g/t AgEq (736g/t Ag, 4.52g/t Au, 2.43% Pb, 0.396% Zn,
1.22% Cu) Grab Sample
- 1,103.15 g/t AgEq (353g/t Ag, 0.505g/t Au, 19.9% Pb, 0.363% Zn,
0.343% Cu) 1m Channel Sample
Vein M
- 1,245.41 g/t AgEq (256g/t Ag, 3.38g/t Au, 20% Pb*, 0.411% Zn,
0.277% Cu) 0.5m Channel Sample
- 971.38 g/t AgEq (269g/t Ag, 0.236g/t Au, 20% Pb*, 0.115% Zn,
0.173% Cu) 0.2m Channel Sample
*Above detection
limit threshold of 20%.
|
Ruben Padilla, President and CEO
of Sable stated, "The discovery of the La Verde zone confirms that
El Fierro is a district scale mineral system with at least three
high-grade zones defining an 8 kilometre by 4 kilometre footprint.
Sable plans to aggressively explore for additional zones
while we move to drill phase on these three mineralized centres -
Fierro Bajo, Fierro Alto and now La
Verde."
The three mineralized the structures strike west-north-west and
show thicknesses between 0.2m and
2m. Structure M can be followed
for 300m, structure N for
700m and structure P for 100m. All structures remain open in both
directions (see Figure 1). More detailed sampling and mapping
will be conducted over the coming months to fully understand the
extent of the mineralized system.
Table 1. Results from the La Verde zone
Sample
|
Northing
|
Easting
|
Elevation
|
Type
|
Size
(m)
|
Structure
|
Ag
(g/t)
|
Au
(g/t)
|
Pb
(%)
|
Zn
(%)
|
Cu
(%)
|
AgEq
(g/t)
|
E13750
|
6745281
|
2452650
|
4592
|
Grab
|
|
Vein N
|
121
|
1.545
|
5.95
|
0.15
|
0.433
|
499.35
|
E13749
|
6745496
|
2452752
|
4600
|
Channel
|
0.2
|
Vein M
|
269
|
0.236
|
20
|
0.115
|
0.173
|
971.38
|
E13748
|
6745460
|
2452949
|
4613
|
Channel
|
0.5
|
Vein M
|
256
|
3.38
|
20
|
0.411
|
0.277
|
1,245.41
|
E13747
|
6745365
|
2452930
|
4650
|
Channel
|
1
|
Vein N
|
353
|
0.505
|
19.9
|
0.363
|
0.343
|
1,103.15
|
E13746
|
6745355
|
2453230
|
4597
|
Grab
|
|
Vein N
|
736
|
4.52
|
2.43
|
0.396
|
1.22
|
1,342.41
|
E13745
|
6745357
|
2453287
|
4584
|
Channel
|
1
|
Vein N
|
248
|
1.86
|
5
|
0.762
|
0.373
|
640.34
|
E13744
|
6744812
|
2453886
|
4625
|
Grab
|
|
Vein P
|
784
|
16.7
|
3.42
|
0.302
|
2.54
|
2,582.06
|
E13743
|
6744807
|
2453921
|
4639
|
Grab
|
|
Vein P
|
900
|
2.57
|
20
|
0.186
|
1.22
|
1,913.38
|
E13742
|
6744805
|
2453935
|
4639
|
Grab
|
|
Vein P
|
339
|
3.11
|
20
|
3.43
|
0.941
|
1,502.00
|
E13741
|
6744794
|
2453962
|
4641
|
Grab
|
|
Vein P
|
444
|
1.23
|
20
|
2.72
|
2.91
|
1,631.30
|
Additional work is being planned for La Verde, including
detailed geological mapping, additional sampling, and trenching.
Mineralized structures at La Verde are hosted within Miocene
ignimbrite flows and they exhibit quartz, sericite, barite with
variable amounts of pyrite, galena, chalcopyrite, and
sphalerite.
The Company notes that selected grab samples are not necessarily
representative of the mineralization hosted at El Fierro. The
channel samples highlighted above have been taken from accessible
places where the veins were not fully mined; grab samples were
collected from waste piles outside of the adits.
Maps and tables with the details of highlighted results are
available on Sable's website (www.sableresources.com). Silver
equivalent is calculated based on 100% recovery and prices of
USD 17.89 per oz for silver;
USD 1,500 per oz for gold;
USD 0.86 per pound for lead;
USD 1.08 per pound for zinc; and
USD 2.80 per pound for copper; when a
width is shown in the results, the samples are channels
perpendicular to the structures representing true width.
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 San Juan province. The El Fierro Project
consists of three main known mineralized areas, Fierro Alto,
Fierro Bajo, and La Verde over an
area of 8km by 4km. The three 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 decade;
the property has never been drilled. Sable recently signed
two option agreements covering 6,054 hectares and the Company
controls all the historically known mineralized zones at El Fierro
(see press release of May 14,
2020).
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, October
1st. To register, please click on the following link -
https://zoom.us/webinar/register/WN_A0wVBDd1Tdy-mNfpWwVDAw.
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 (68,718ha) 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 Margarita, Vinata and El Escarpe projects.
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.
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 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.