VANCOUVER, BC, Sept. 13,
2023 /CNW/ - Sable Resources Ltd. ("Sable" or the
"Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce
initial sampling results from the recently discovered Zonda and
Campamento targets located within the La Poncha project in San
Juan, Argentina. Both areas were
discovered during the regional exploration work conducted last
season across the large land package controlled by the Company at
La Poncha Project. At the Zonda target, 173 rock samples
were collected with values up to 16.8 g/t Au, 53 g/t Ag and 1.1%
Cu. At the Campamento target, 73 rock samples were collected
with values up to 1.5% Cu, 154 g/t Ag, 3.1% Pb, 1.8% Zn and 2.07
g/t Au.
Dr. Ruben Padilla, President and
CEO of Sable stated, "These two new areas are the product of the
continuous "boots on the ground" prospecting activity conducted on
our large land package and feed our portfolio of Greenfields
targets. The quality of these two new target areas is evident by
the number of samples with high gold and copper results and by the
size of the areas covered by the anomalous samples. Additional work
will be completed to map the full footprint of
the mineralization."
Zonda
The Au-Ag-Cu Zonda target is located on the southern portion of
La Poncha claims, 15km south of the Poncha North target, and only
800m south of the road to Barrick's
Veladero mine. Although detailed mapping is in progress, the
geology of the area is characterized by Carboniferous sediments of
the Agua Negra Formation intruded by multiple rhyolite dykes likely
of Permian age; a large extension of Permian granite is observed on
the southwest part of the target. The gold mineralization at Zonda
is focused on a series of quartz-barite veins and veinlets
preferentially hosted in the rhyolite dykes but also observed in
the sedimentary rocks. The width of the veinlets varies from 1 cm
to almost 60cm, forming continuous zones of veining up to
14m wide. The orientation of the
structures is WNW and the only observed sulfide is pyrite which is
mostly oxidized; Ba, As, and Sb anomalies suggest an epithermal
affinity for the mineralization. From 173 samples collected, 30
samples exceeded 1 g/t Au and 17 samples exceeded 3 g/t Au,
reaching maximum values of 16.8 g/t Au - see Table 1.
Although mineralization at Zonda is mostly gold with some silver
credits, a new zone located to the SW of the main mineralized area
is showing abundant Cu mineralization as Cu oxides and partly
oxidized chalcopyrite, hosted within Permian granites; the
mineralization has been mostly observed as float and subcrop since
the entire area is heavily covered with colluvial material. Samples
in this style of mineralization have returned values up to 1.1% Cu
and 53 g/t Ag - see Figures 2 and 3.
Campamento
The Cu-Ag-Pb-Zn Campamento target is located on the
central-eastern portion of the Poncha land package, 9.5 km SE of
the Poncha North target. Mineralization found at Campamento is
exclusively hosted in Permian granites in the form of chalcopyrite
and Cu-oxides in quartz tourmaline veinlets. The structural setting
is still to be understood but the anomalous copper zones seem to
define a NNE corridor while individual veinlets are mostly NS
oriented. 73 samples have been collected so far from which 18
contain >0.1% Cu and nine returned >0.5% Cu. The
mineralogical and geochemical association may indicate an Intrusion
Related mineralization style.
Future Work
Both Campamento and Zonda targets are in a very early stage and
will become an active part of the 2023-2024 field season. The lower
elevation and easy access at the Zonda target have allowed to
advance exploration work during the winter months. A 1,106 soil
samples grid was just completed at Zonda, and the samples are
currently being analyzed at ALS labs. Additional mapping, sampling,
trenching, and geophysics will be part of the exploration plan
during the next months.
Highlighted Samples
Zonda
|
Sample
|
Site
|
Type
|
Width
|
Primary
|
Ag
(ppm)
|
Au
(ppm)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(ppm)
|
E33163
|
Outcrop
|
Grab
|
|
Rhyolite
|
7.65
|
16.8
|
44.6
|
35.3
|
105
|
E33162
|
Outcrop
|
Channel
|
0.6
|
Rhyolite
|
14.55
|
14.05
|
55.9
|
33.4
|
57
|
E33152
|
Outcrop
|
Grab
|
|
|
4.88
|
12.6
|
41.2
|
388
|
78
|
E33186
|
Outcrop
|
Grab
|
|
Rhyolite
|
1.38
|
7.83
|
16.6
|
165
|
55
|
E33190
|
Outcrop
|
Channel
|
0.3
|
Rhyolite
|
1.06
|
6.99
|
25.6
|
118
|
248
|
E33368
|
Outcrop
|
Channel
|
1
|
Sandstone
|
1.48
|
4.96
|
153
|
31.7
|
66
|
E33187
|
Outcrop
|
Channel
|
0.7
|
Rhyolite
|
1.03
|
4.09
|
24.3
|
123.5
|
54
|
E33153
|
Outcrop
|
Channel
|
0.3
|
Rhyolite
|
0.98
|
3.74
|
35.3
|
113
|
17
|
E33167
|
Outcrop
|
Channel
|
1
|
Rhyolite
|
1.5
|
3.71
|
33.6
|
19.3
|
130
|
E33290
|
Outcrop
|
Grab
|
|
Sandstone
|
0.79
|
3.51
|
35.4
|
383
|
68
|
E33100
|
Outcrop
|
Grab
|
|
Rhyolite
|
1.24
|
3.47
|
12.4
|
77.7
|
35
|
E33168
|
Outcrop
|
Channel
|
1
|
Sandstone
|
1.78
|
3.3
|
18
|
17.8
|
51
|
E33101
|
Outcrop
|
Grab
|
|
Rhyolite
|
26.2
|
3.14
|
10.4
|
240
|
113
|
E33191
|
Subcrop
|
Grab
|
|
Rhyolite
|
0.77
|
3.12
|
19.7
|
37.2
|
64
|
E33158
|
Outcrop
|
Channel
|
0.25
|
Rhyolite
|
5.09
|
2.99
|
24
|
98.8
|
13
|
E33170
|
Outcrop
|
Channel
|
0.5
|
Rhyolite
|
1.91
|
2.95
|
42.4
|
177.5
|
265
|
E33193
|
Outcrop
|
Channel
|
0.5
|
Rhyolite
|
3
|
2.67
|
9.6
|
89.3
|
35
|
E33318
|
Outcrop
|
Grab
|
|
Rhyolite
|
2.86
|
2.62
|
24.6
|
141
|
160
|
E33161
|
Outcrop
|
Channel
|
2
|
Rhyolite
|
5.33
|
1.675
|
72.4
|
41.6
|
25
|
E33192
|
Outcrop
|
Channel
|
1
|
Rhyolite
|
1.34
|
1.59
|
23.2
|
699
|
556
|
E33165
|
Outcrop
|
Channel
|
2
|
Rhyolite
|
4.09
|
1.54
|
52.4
|
25.5
|
61
|
E33164
|
Outcrop
|
Channel
|
2
|
Rhyolite
|
8.03
|
1.415
|
63.2
|
34.9
|
162
|
E33156
|
Outcrop
|
Channel
|
1
|
Rhyolite
|
3.74
|
1.415
|
38.1
|
114.5
|
41
|
E33195
|
Outcrop
|
Grab
|
|
Rhyolite
|
0.52
|
1.2
|
10.2
|
30.7
|
34
|
E33169
|
Subcrop
|
Grab
|
|
Sandstone
|
0.75
|
1.07
|
28.5
|
9.4
|
14
|
E33194
|
Outcrop
|
Grab
|
|
Rhyolite
|
0.44
|
0.996
|
24
|
78.8
|
120
|
E33367
|
Outcrop
|
Grab
|
|
Sandstone
|
0.37
|
0.937
|
50.7
|
43.8
|
452
|
E33284
|
Outcrop
|
Channel
|
0.4
|
Sandstone
|
0.55
|
0.597
|
43
|
48
|
415
|
E33160
|
Outcrop
|
Channel
|
1.2
|
Rhyolite
|
0.83
|
0.54
|
35.5
|
26.9
|
10
|
E33373
|
Outcrop
|
Channel
|
1.7
|
Sandstone
|
1.26
|
0.532
|
64.5
|
11.9
|
33
|
E33157
|
Outcrop
|
Channel
|
2
|
Rhyolite
|
2.32
|
0.503
|
50.9
|
29.9
|
28
|
E33173
|
Outcrop
|
Channel
|
2
|
Vein
|
0.45
|
0.389
|
62.9
|
5
|
23
|
E33320
|
Outcrop
|
Grab
|
|
Sandstone
|
0.77
|
0.363
|
60.3
|
597
|
199
|
E33198
|
Outcrop
|
Channel
|
0.4
|
Rhyolite
|
0.59
|
0.351
|
33.1
|
34.3
|
20
|
E33357
|
Float
|
Grab
|
|
Rhyolite
|
1.14
|
0.344
|
79
|
413
|
196
|
E33311
|
Outcrop
|
Grab
|
|
Sandstone
|
1.15
|
0.302
|
49.4
|
82
|
624
|
E33309
|
Outcrop
|
Grab
|
|
Rhyolite
|
0.88
|
0.284
|
32.9
|
155
|
243
|
E33200
|
Outcrop
|
Channel
|
0.3
|
Rhyolite
|
0.82
|
0.268
|
50
|
58.5
|
62
|
E33372
|
Outcrop
|
Channel
|
2
|
Vein
|
3.07
|
0.235
|
106.5
|
20.8
|
27
|
E33197
|
Outcrop
|
Grab
|
|
Sandstone
|
0.52
|
0.22
|
25.2
|
88.5
|
54
|
E33291
|
Outcrop
|
Grab
|
|
Vein
|
1.04
|
0.201
|
18.4
|
22.4
|
20
|
E04418
|
Float
|
Grab
|
|
Rhyolite
|
0.1
|
0.173
|
42
|
31
|
76
|
E33369
|
Outcrop
|
Channel
|
0.5
|
Breccia
|
0.41
|
0.168
|
151
|
6
|
35
|
E04417
|
Dump
|
Grab
|
|
Andesite
|
0.3
|
0.165
|
8
|
91
|
35
|
E33155
|
Outcrop
|
Channel
|
2
|
Rhyolite
|
0.29
|
0.129
|
18
|
13.8
|
34
|
E33271
|
Float
|
Grab
|
|
Granite
|
53
|
0.043
|
11,000
|
3,330
|
2,100
|
E33305
|
Float
|
Grab
|
|
Sandstone
|
11.6
|
0.022
|
1,185
|
1,085
|
278
|
E33319
|
Float
|
Grab
|
|
Granite
|
22.4
|
0.02
|
8,230
|
35.7
|
66
|
E33317
|
Outcrop
|
Grab
|
|
Rhyolite
|
0.12
|
0.019
|
23.1
|
10.6
|
1,425
|
E33303
|
Subcrop
|
Grab
|
|
Granite
|
4.16
|
0.018
|
9,660
|
598
|
632
|
E33304
|
Outcrop
|
Channel
|
0.15
|
Vein
|
7.32
|
0.014
|
2,660
|
20.5
|
138
|
E33275
|
Float
|
Grab
|
|
Granite
|
41.2
|
0.012
|
5,160
|
3,260
|
1,065
|
E33272
|
Subcrop
|
Grab
|
|
Granite
|
8.27
|
0.007
|
2,140
|
112.5
|
232
|
E33268
|
Outcrop
|
Grab
|
|
Sandstone
|
5.06
|
0.007
|
1,890
|
18
|
65
|
E33300
|
Outcrop
|
Grab
|
|
Sandstone
|
11.15
|
0.005
|
8,100
|
42.7
|
160
|
E33302
|
Float
|
Grab
|
|
Granite
|
7.14
|
0.0025
|
4,280
|
314
|
792
|
Table 1. Highlighted
samples from the Zonda target.
|
Campamento
|
Sample
|
Site
|
Type
|
Width
(m)
|
Primary
|
Ag
(g/t)
|
Au
(g/t)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(ppm)
|
Mo
(ppm)
|
E30536
|
Outcrop
|
Channel
|
0.2
|
Granite
|
33.7
|
0.016
|
15,250
|
168
|
18,350
|
5
|
E04398
|
Float
|
Grab
|
|
Granite
|
154
|
0.011
|
10,500
|
901
|
1,020
|
8
|
E33148
|
Float
|
Grab
|
|
Granite
|
7.57
|
0.0025
|
9,940
|
11,000
|
1,585
|
203
|
E33120
|
Outcrop
|
Grab
|
|
Granite
|
43.7
|
0.005
|
9,370
|
18,150
|
3,450
|
113
|
E33122
|
Workings
|
Grab
|
|
Granite
|
24
|
0.0025
|
8,860
|
31,200
|
2,390
|
45.9
|
E33128
|
Outcrop
|
Grab
|
|
Granite
|
45.5
|
0.005
|
7,330
|
2,380
|
7,180
|
321
|
E33133
|
Outcrop
|
Grab
|
|
Granite
|
11.75
|
0.0025
|
6,250
|
6,680
|
2,980
|
126
|
E04400
|
Float
|
Channel
|
0.3
|
Granite
|
87.6
|
0.015
|
5,940
|
540
|
307
|
12
|
E33115
|
Float
|
Grab
|
|
Granite
|
126
|
0.005
|
5,430
|
9,120
|
2,260
|
45.1
|
E04409
|
Outcrop
|
Channel
|
0.8
|
Granite
|
10.2
|
0.001
|
4,310
|
262
|
1,950
|
8
|
E30535
|
Outcrop
|
Channel
|
0.2
|
Granite
|
1.8
|
0.001
|
3,980
|
89
|
168
|
7
|
E30533
|
Float
|
Grab
|
|
Granite
|
2.2
|
0.0005
|
3,020
|
103
|
166
|
2
|
E33121
|
Outcrop
|
Channel
|
2
|
Granite
|
14.95
|
0.022
|
2,500
|
11,550
|
1,945
|
101.5
|
E33134
|
Outcrop
|
Grab
|
|
Granite
|
2.52
|
0.0025
|
1,635
|
131
|
171
|
6.04
|
E30722
|
Outcrop
|
Grab
|
|
Vein
|
14.3
|
0.006
|
1,320
|
420
|
1,470
|
9
|
E04410
|
Outcrop
|
Channel
|
0.4
|
Granite
|
1.7
|
0.0005
|
1,310
|
77
|
77
|
3
|
E30531
|
Outcrop
|
Channel
|
0.1
|
Granite
|
2.6
|
0.006
|
1,185
|
120
|
2,050
|
4
|
E33110
|
Outcrop
|
Grab
|
|
Granite
|
3.15
|
0.006
|
1,135
|
57.9
|
5,560
|
11.3
|
E33126
|
Outcrop
|
Grab
|
|
Granite
|
0.14
|
0.0025
|
771
|
26.4
|
418
|
3.7
|
E33130
|
Float
|
Grab
|
|
Granite
|
13.25
|
0.0025
|
659
|
1,405
|
3,830
|
7.3
|
E33132
|
Outcrop
|
Grab
|
|
Granite
|
1.59
|
0.0025
|
572
|
254
|
2,400
|
9.18
|
E33125
|
Float
|
Grab
|
|
Granite
|
15.55
|
0.0025
|
550
|
559
|
1,595
|
3.84
|
E04272
|
Float
|
Grab
|
|
Rhyolite
|
5.3
|
2.07
|
386
|
1,505
|
1,490
|
17
|
E33114
|
Outcrop
|
Grab
|
|
Granite
|
3
|
0.0025
|
183.5
|
108.5
|
250
|
7.3
|
E04331
|
Outcrop
|
Channel
|
0.4
|
Granite
|
1.9
|
0.0005
|
174
|
769
|
488
|
9
|
E30546
|
Outcrop
|
Channel
|
0.5
|
Granite
|
0.4
|
0.0005
|
155
|
85
|
742
|
10
|
E04412
|
Subcrop
|
Grab
|
|
Granite
|
0.3
|
0.002
|
143
|
79
|
6,080
|
10
|
Table 2. Highlighted
samples from the Campamento target.
|
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 THE LA PONCHA PROJECT
In March 2021, the Company signed
an option agreement for the La Poncha Project comprising 18,114
hectares and located 69 km north of Don Julio and 50 km south of
the El Fierro Project. The La Poncha Project was explored by
at least three companies in the past including Golden Arrow (2008), Teck (2009), and Genesis
Minerals (2012). These companies completed limited drilling on the
property with several encouraging intercepts publicly released at
the time. Historical highlights obtained by Golden Arrow in 2008 include 266m @ 1.21 g/t Au and 3.30 g/t Ag (129m – 395m);
61m @ 3.04 g/t Au and 7.16 g/t Ag
(270m – 331m) and multiple other intercepts from 2008. In
2012, Genesis Minerals released 12.15m @ 4.87 g/t Au, 15.9 g/t Ag and 0.49% Zn.
In 2022, Sable drilled 2,216m at the
Poncha North target obtaining long intercepts of strongly anomalous
gold.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots explorer focused on the
discovery of Tier-One new precious metal and copper projects
through systematic exploration in endowed terranes located in
favourable, established mining jurisdictions. Sable's 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 (1.6Mha in application, 26,373ha 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). The holes contained in
this press release were analyzed by methods Au-AA24 (Fire Assay
Fusion and Atomic Absorption Spectrometry finish) and ME-MS61 (Four
Acid Digestion with Mass Spectrometry finish); the latter includes
48 elements (Al, Ag, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu,
Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb,
Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr).
Both digestion methods dissolve most minerals but not all elements
are quantitatively extracted in some sample matrices. Control
samples (standards, blanks, and duplicates) are inserted
systematically, and their results are 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.