VANCOUVER, BC, Feb. 15, 2022 /CNW/ - Sable Resources Ltd.
("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to
announce additional results from Phase II diamond drilling campaign
at the El Fierro Project. El Fierro is a historic artisanal
silver rich mining district located 250 km northwest of San Juan
city. Sable completed the first drilling campaign ever
conducted at El Fierro in May 2021
with a total of 3,278 metres in 25 drill holes, reporting multiple
high-grade intercepts and the identification of >14.5 kilometres
of veins. So far, Sable has drill tested portions of the
Fierro Bajo, Fierro Alto, La Verde,
and Lagunitas vein systems. The current Phase II drill program
commenced in late October 2021 and by
mid December had completed 3,630 metres in 31 drill holes.
The campaign focuses on reconnaissance drilling to determine
the full strike extension of the La Verde and Lagunitas vein
systems and to confirm vertical continuity down to at least 250
metres. In addition, Sable is conducting some extra drilling on
Fierro Bajo, and first pass drilling over other known veins.
Sable has received results from two
drill holes, while 12 additional drillholes are currently being
analyzed by ALS Minerals.
Ruben Padilla, President and CEO of Sable
stated, "These continuing positive drill hole results confirm
that the La Verde vein is a high priority in our ongoing drilling
program and the El Fierro project."
Highlighted Intercepts include:
Hole LV-DH-21-45
- 353.59 g/t AgEq (96 g/t Ag; 2.77 g/t Au; 0.13% Cu; 0.32% Pb)
over 2.0m from 98.00 to 100.00m
Including
- 592.78 g/t AgEq (50.4 g/t Ag; 6.14 g/t Au; 0.1% Cu; 0.58% Pb)
over 0.50m from 98.00 to 98.50m
And
- 529.96 g/t AgEq (149 g/t Ag; 4.34 g/t Au; 0.12% Cu; 0.16% Pb)
over 0.50m from 99.00 to 99.50m
Hole LAG-DH-21-47
- 265.23 g/t AgEq (112.1 g/t Ag; 0.16 g/t Au; 0.19% Cu; 0.93% Pb;
2.07% Zn) over 1.0m from 59.10 to
60.10m
Including
- 297.10 g/t AgEq (144 g/t Ag; 0.15 g/t Au; 0.24% Cu; 1.17% Pb;
1.77% Zn) over 0.5m from 59.10 to
59.60m
Hole LV-DH-21-45 is located within La Verde central block
270m west of LV-DH-21-08 which was
the best drill hole intercept from last campaign (see Sable news
release dated May 3, 2021). Hole
LAG-DH-21-47 is the first hole received from a number of holes
drilled at the Lagunitas zone and it is located 560m SE of hole LV-DH-21-19 which was drilled
last season and intercepted 87.31 g/t AgEq over 40.6m (see Sable news release dated August 24, 2021).
Mineralization intercepted in the reported drill holes
represents between 60% and 90% true width. Maps and tables
associated with this press release will be available on Sable's
website (www.sableresources.com). Silver equivalent (AgEq) is
calculated based on 100% recovery and prices of USD 18 per oz for silver; USD 1,500 per oz for gold; USD 0.85 per pound for lead; USD 1.1 per pound for zinc; and USD 3.0 per pound for copper. Cu, Pb, Zn values
lower than 0.1%, and Au values lower than 0.1 g/t have not been
considered within the AgEq calculation.
Table 1. Location
of Reported Holes
|
Hole
number
|
North
|
East
|
Elevation
|
LV-DH-21-45
|
6745295
|
2452960
|
4651
|
LAG-DH-21-47
|
6747044
|
2453156
|
4824
|
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. Sable currently controls 58,510 hectares
covering all the historically mineralized areas and additional
highly prospective ground over a large magnetic anomaly.
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 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 (163,969 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.
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 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-GRA22 which includes Fire Assay with gravimetric
finish is applied when Ag exceeds 1500 g/t. Tritration method is
applied when Pb and Zn exceed 20 and 30%, respectively (codes
Pb-VOL70 and Zn-VOL50). Control samples (standards, blnks, and
duplicates) are inserted systematically and their results evaluated
according to the Company protocols.
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.