Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE |
OTCQB:SBLRF) is pleased to announce that it has received additional
positive surface results from its 100% owned Copper Queen Project
in west-central British Columbia (“Copper Queen” or the
“Property”). In addition, the Company has initiated a 520km VTEM
time-domain survey covering the main target areas on the Property.
Highlights
- An additional
40 previously unreported rock samples have been included in this
new release along with results from the previously reported 97 rock
samples that were collected within and around Breccias 1, 2, and 3
(see Figure 1).
- New results
include maximum values of 1.07% Cu;
27.7 g/t Au; and 100 g/t Ag.
Selected results for the present and previously reported sampling
are contained in Table 1.
- Cu, Ag, and
local Au mineralization is associated with the matrix/cement of
magmatic-hydrothermal breccias. A mineral assemblage including
quartz, calcite, chlorite, chalcopyrite, and local bornite is
observed. The highest grades of Au are reported from quartz veins
located peripheral to the breccias. The veins contain pyrite and
local chalcopyrite.
- 122 soil
samples were collected on the upper plateau to the north of
Breccias 2 and 3 (see Figure 2). The soil results suggest a
northward extension of Breccia 3, and reveal at least three
additional Cu anomalies (at >93rd percentile) that may represent
mineralization concealed beneath soil cover.
- Sable’s team has additionally
identified four new out cropping occurrences of copper (Cu-oxide
+/- chalcopyrite) mineralization. Results from these newly
discovered occurrences remain pending and will be released when
available.
Dr. Ruben Padilla, President and CEO of Sable
stated, “We are extremely pleased with the composite results of our
2024 field season. Breccias 1, 2, and 3 and the surrounding area is
becoming a significant, large-scale Cu +/- Ag-Au target. The VTEM
survey which is now underway is our next step to understanding the
geometry and geophysical characteristics of these Cu-rich
magmatic-hydrothermal breccias.”
Figure 1. Distribution of Cu values in out crop
and float sampling within and around breccias 1, 2, and 3 at Copper
Queen.
Figure 2. Location and Cu
results for soil samples collected north of breccias 3 and 2.
Multiple anomalous samples coincide with the extension of breccia 3
with at least three anomalous zones (shown circled in white)
potentially indicating new mineralized zones beneath soil
cover.
VTEM survey
Sable has contracted Geotech Ltd. (“Geotech”) to
conduct a Versatile Time-Domain Electromagnetic (VTEM™) survey
consisting of 520 line-kilometres along NS flight lines, covering
and surrounding the surface expression of breccias 1, 2, 3 and 4
(see Figure 3). VTEM is a broadly used geophysical technique which
has proven to be effective in revealing the subsurface extension of
geological and mineralogical features associated with certain
mineral deposit types. It is excellent for locating discrete
conductive anomalies associated with sulphide minerals as well as
for mapping lateral and vertical variations in resistivity
associated with alteration haloes. The Company expects that results
from the VTEM survey can map the geometry of the
magmatic-hydrothermal breccias and that the resulting signature may
be used to identify other targets within the survey grid. Geotech
has already initiated data acquisition at Copper Queen and the
results will be reported upon processing and interpretation of the
geophysical data.
Figure 3. Planned VTEM survey
(520km) covering breccias 1, 2, 3, and 4
Table 1. Selected results from
sampling at Copper Queen, including previously released and
recently received samples returning >0.1% Cu plus samples with
<0.1% Cu but with high Ag, Au, and/or Mo. (Coordinates in
NAD83-Zone 10).
Sample |
North |
East |
Elevation |
Type |
Ag (g/t) |
Au (g/t) |
Cu (ppm) |
Mo (ppm) |
K843595 |
5765162 |
334764 |
1,734 |
Float |
11.05 |
0.027 |
10,750 |
4.73 |
K843513 |
5765332 |
334362 |
2,000 |
Float |
41.7 |
0.091 |
10,250 |
1.79 |
K843554 |
5765253 |
335679 |
1,582 |
Outcrop |
9.16 |
0.034 |
8,860 |
12.35 |
K843559 |
5765383 |
334532 |
1,961 |
Outcrop |
9.45 |
0.03 |
7,190 |
1.1 |
K843269 |
5765385 |
335619 |
1,678 |
Float |
9.58 |
0.084 |
6,680 |
2.64 |
K843552 |
5765300 |
335642 |
1,613 |
Outcrop |
6.69 |
0.048 |
6,390 |
1.39 |
K843551 |
5765294 |
335657 |
1,598 |
Outcrop |
4.82 |
0.035 |
6,340 |
4.47 |
K843606 |
5765055 |
334707 |
1,692 |
Outcrop |
1.15 |
0.024 |
6,330 |
21.8 |
K843267 |
5765480 |
335474 |
1,773 |
Float |
11.5 |
0.026 |
6,070 |
19.05 |
K843502 |
5765565 |
335092 |
1,908 |
Float |
0.92 |
0.005 |
5,470 |
4.89 |
K843505 |
5765261 |
335605 |
1,642 |
Outcrop |
4.16 |
0.022 |
5,200 |
4.82 |
K843332 |
5765324 |
334233 |
2,023 |
Outcrop |
10.15 |
0.126 |
5,090 |
4.67 |
K843563 |
5765275 |
334552 |
1,889 |
Outcrop |
2.03 |
0.065 |
5,040 |
22.3 |
K843334 |
5765302 |
334226 |
2,020 |
Outcrop |
6.29 |
0.584 |
4,960 |
1.88 |
K843481 |
5765687 |
336290 |
1,600 |
Float |
5.95 |
0.09 |
4,660 |
2.42 |
K843596 |
5765222 |
334245 |
1,936 |
Outcrop |
83.7 |
7.58 |
4,340 |
31.9 |
K843588 |
5766076 |
336741 |
1,653 |
Float |
3.84 |
0.046 |
4,320 |
3.47 |
K843553 |
5765303 |
335634 |
1,620 |
Outcrop |
3.21 |
0.026 |
4,310 |
98.3 |
K843627 |
5765262 |
335606 |
1,663 |
Outcrop |
2.13 |
0.005 |
4,230 |
4.41 |
K843697 |
5765370 |
334998 |
1,809 |
Outcrop |
3.07 |
0.045 |
4,130 |
7.05 |
K843328 |
5765322 |
334385 |
1,987 |
Float |
3.85 |
0.009 |
4,050 |
0.93 |
K843512 |
5765364 |
334437 |
2,002 |
Outcrop |
9 |
0.029 |
4,020 |
1.63 |
K843560 |
5765386 |
334676 |
1,941 |
Outcrop |
0.38 |
0.013 |
2,950 |
0.95 |
K843330 |
5765345 |
334284 |
2,016 |
Outcrop |
1.76 |
0.127 |
2,940 |
2.15 |
K843611 |
5764832 |
335508 |
1,472 |
Float |
4.69 |
0.009 |
2,590 |
22.3 |
K843266 |
5765475 |
335461 |
1,778 |
Outcrop |
14.5 |
0.045 |
2,450 |
2.87 |
K843508 |
5765352 |
334488 |
1,953 |
Float |
4.1 |
0.161 |
2,100 |
10.2 |
K843447 |
5765540 |
334906 |
1,932 |
Outcrop |
5.48 |
0.167 |
2,080 |
4.33 |
K843743 |
5765442 |
334927 |
1,860 |
Outcrop |
6.67 |
0.127 |
2,070 |
0.84 |
K843739 |
5765533 |
334903 |
1,934 |
Outcrop |
43.6 |
27.7 |
1,965 |
13.1 |
K843510 |
5765346 |
334490 |
1,952 |
Float |
4.18 |
0.104 |
1,695 |
2.3 |
K843626 |
5765403 |
335052 |
1,844 |
Float |
2.72 |
0.012 |
1,565 |
1.45 |
K843272 |
5765341 |
334455 |
1,985 |
Outcrop |
2.05 |
0.071 |
1,455 |
3.94 |
K843506 |
5765247 |
335606 |
1,592 |
Outcrop |
1.55 |
0.009 |
1,335 |
1.06 |
K843268 |
5765498 |
335511 |
1,774 |
Outcrop |
1.06 |
0.0025 |
1,300 |
1.71 |
K843326 |
5765363 |
334481 |
1,954 |
Outcrop |
2.08 |
0.015 |
1,260 |
0.96 |
K843587 |
5766003 |
336612 |
1,632 |
Outcrop |
62.9 |
7.67 |
292 |
12.8 |
K843450 |
5765423 |
335494 |
1,709 |
Outcrop |
49.6 |
1.57 |
193 |
6.24 |
K843501 |
5765611 |
334947 |
1,862 |
Float |
0.51 |
0.044 |
143 |
102.5 |
K843603 |
5765222 |
335489 |
1,572 |
Float |
100 |
2.92 |
116 |
10.95 |
K843738 |
5765591 |
334331 |
2,007 |
Float |
11 |
1.015 |
104.5 |
29.5 |
K843586 |
5765724 |
336315 |
1,604 |
Float |
0.39 |
0.021 |
73.3 |
3,720 |
K843449 |
5765401 |
335441 |
1,712 |
Outcrop |
11 |
0.591 |
51.1 |
71.2 |
K843448 |
5765362 |
335439 |
1,691 |
Outcrop |
214 |
9.74 |
32.5 |
38.8 |
K843746 |
5765309 |
335283 |
1,704 |
Outcrop |
21.4 |
1.785 |
22.4 |
33.8 |
K843607 |
5765212 |
334563 |
1,864 |
Outcrop |
3.05 |
0.444 |
18.1 |
17.2 |
SAMPLE PREPARATION AND
QA/QC
Sample preparation for projects in British
Columbia is carried out by ALS Minerals, at its facility located in
Kamloops with analyses carried out at their laboratory in
Vancouver. 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 samples contained in this news 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 one 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. ALS additionally
collects a subsample from the coarse reject to be analyzed by
Terraspec; spectral data is sent to AISIRIS Australia to be
processed and interpreted.
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.
ABOUT THE COPPER QUEEN PROJECT
Copper Queen is located 225km west of Williams
Lake in Central Western BC, and 25km NW of Sable’s Perk Rocky
project. Exploration work conducted by Anaconda American Brass
(“Anaconda”) between 1968 and 1969 shows the existence of quartz
feldspar porphyries and at least five mineralized breccias within a
porphyry system of approximately 4.5 x 2km. Anaconda reported
drilling 182m in two holes in 1969, however, Anaconda did not file
detailed information about the drilling but reported grades from
0.2 to 0.3% Cu in 6 to 25 meters intervals. Rio Tinto drilled two
holes totaling 119m on the southern margin of McClinchy Lake
following a chargeability anomaly where Cu mineralization was
observed but the results were not significant. Minor sampling
visits were conducted in 1982 and 1994, and a 900km VLF-EM and
radiometric survey was conducted by Seaborne Minerals in 2011. No
exploration activity has been performed at Copper Queen since 2011
and no mapping since the Anaconda times. Sable initially staked the
Property in May 2024 and recently extended the Property to 13,880
hectares.
The Company notes that grab samples are
selective by nature and therefore should not be understood as
representative of the actual grades in the Property. Additionally,
the Company clarifies that the historical Anaconda work on the
Property is used only as a reference and that the original Anaconda
reports or data have not been found.
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 favorable, 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, and Los Pumas projects in San Juan Province, Argentina and
the Perk Rocky (10,475ha), Copper Queen (13,880ha) and Rusty Peak
(1,942 ha) properties in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at
ruben.padilla@sableresources.com or +1 (520) 488-2520
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.
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, 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.
Photos accompanying this announcement are available at:
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