VANCOUVER, Jan. 12, 2021 /CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce the first results of early reconnaissance geochemical sampling from its new Los Pumas project located in San Juan Province, 21 km south of Sable's Don Julio project.
Discovered through systematic follow-up of a large scale ASTER spectral anomaly, Sable's geologists collected a total of 254 rock samples over an extensive 6km by 4km area returning multiple high-grade values of up to 103 g/t Au, up to 2,650 g/t Ag, and up to 2.9% Cu with 48 samples returning over 1 g/t gold equivalent.
"Los Pumas represents a brand-new grassroots discovery with no previous sampling or drilling in the vicinity, a clear product of our systematic approach to greenfields exploration. We are greatly encouraged by the large number of well-mineralised samples across such a broad footprint identified in our first field visits to the area," stated Ruben Padilla, President and CEO of Sable, who added, "Additional work, including soil sampling, trenching, geophysics and road constructions, will be required to fully define the real magnitude and characteristics of the system."
Originally identified as a large-scale ASTER satellite image spectral anomaly (coincident Silica-Illite-Alunite±Kaolinite) located on the south-east part of the Company's properties (Figure 1), Sable's exploration team conducted field reconnaissance, observing extensive alteration, hosted within Permian granites and Paleozoic sandstones. The alteration shares characteristics with intrusion related and some IOCG systems consisting of sericite, K-feldspar, sheeted quartz veinlets, tourmaline veins and breccias. The mineralization observed consists of pyrite, chalcopyrite, tetrahedrite, and Cu oxides associated to the quartz and tourmaline veins and veinlets. The geochemical expression along with the observed alteration delineates a footprint of at least 6km by 4km in several mineralized clusters separated by mostly unexplored ground. Distribution of geochemical values in these zones are presented in Figures 2 to 5 with significant values shown in Table 1 below.
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, January 14, 2021. To register, please click on the following link - https://zoom.us/webinar/register/WN_j34oL9iLScujEgGy2kFlFg.
Significant Values
Sample
Type
Size (m)
Au Eq (g/t)
Au (g/t)
Ag (g/t)
Cu (%)
E01779
Grab
105.961
103
130
0.90
E13968
Grab
38.781
0.66
2570
2.81
E13967
Grab
36.864
0.577
2650
0.70
E13807
Grab
28.638
0.506
1935
1.70
E13945
Channel
0.2
17.654
11.05
196
2.91
E13805
Grab
15.183
11.95
53.7
1.84
E13900
Channel
0.1
9.647
2.4
399
1.41
E13964
Channel
1
8.606
1.54
423
1.04
E14000
Channel
0.5
6.627
0.302
472
0.02
E13944
Channel
0.5
6.579
2.34
28.9
2.81
E13997
Channel
0.5
6.200
4.25
143
0.03
E01767
Grab
5.699
0.09
145
2.68
E13929
Grab
3.308
0.122
43.5
1.90
E13830
Grab
3.216
0.007
1
2.33
E13507
Float
3.208
0.178
73.5
1.50
E13928
Float
3.122
0.024
11.2
2.15
E13813
Channel
1
3.114
1.77
98.8
0.02
E01770
Float
2.759
0.104
109
0.88
E13935
Grab
2.742
0.307
99
0.81
E13552
Channel
0.4
2.690
0.144
118
0.71
E13990
Channel
1
2.497
1.135
99.5
0.03
E13831
Channel
2
2.399
0.843
91.8
0.24
E13933
Channel
1
2.320
0.124
82.4
0.80
E01771
Grab
2.303
0.019
82.3
0.87
E13806
Float
2.220
0.068
160
0.01
E13472
Grab
2.213
0.124
28.6
1.25
E13992
Channel
0.25
2.083
0.93
85
0.01
E13601
Channel
0.6
2.004
0.043
59.1
0.86
E01769
Grab
1.992
0.117
101
0.39
E01790
Grab
1.910
0.058
20.6
1.15
E13934
Float
1.863
0.098
21.8
1.08
E13551
Channel
1
1.804
0.578
76.4
0.15
E13936
Grab
1.768
0.085
24
0.99
E13932
Channel
1
1.659
0.095
31.6
0.83
E13839
Channel
2
1.640
0.013
14
1.05
E13832
Grab
1.581
0.17
14
0.89
E13525
Channel
0.1
1.468
0.098
97
0.06
E13852
Grab
1.433
0.031
19.5
0.83
E13989
Channel
0.15
1.341
0.594
54.7
0.01
E13963
Channel
1
1.323
0.317
5.9
0.68
E13838
Float
1.284
0.057
12.4
0.77
E01780
Grab
1.255
0.187
26.8
0.52
E13836
Channel
0.5
1.245
0.463
47.1
0.11
E13559
Float
1.187
0.027
22.7
0.63
E13555
Channel
0.5
1.171
0.071
7.1
0.73
E13557
Channel
1
1.125
0.18
59.7
0.11
E01756
Channel
1
1.118
0.108
73.5
0.02
E13893
Channel
0.2
1.106
0.026
64.2
0.16
E13563
Channel
1
0.953
0.195
36.1
0.20
E13927
Float
0.927
0.026
14.5
0.52
E13926
Channel
0.1
0.893
0.362
22.2
0.17
E13558
Channel
0.5
0.886
0.069
9.2
0.51
E13962
Channel
1
0.797
0.083
4
0.48
E13841
Channel
0.2
0.763
0.024
53.5
0.02
E13985
Channel
1
0.760
0.658
6.8
0.01
E13991
Channel
1
0.752
0.538
15.6
0.004
E13834
Channel
1
0.730
0.073
11.4
0.37
E13931
Float
0.724
0.016
9.8
0.42
E13561
Channel
1
0.696
0.204
24.5
0.12
E13853
Float
0.607
0.009
18
0.26
E13571
Grab
0.594
0.537
2.4
0.02
E13816
Channel
1
0.592
0.363
3.3
0.14
E13966
Float
0.579
0.051
8.4
0.30
E13995
Channel
0.5
0.527
0.156
27.2
0.01
E13947
Grab
0.516
0.268
7.5
0.11
E01814
Channel
0.1
0.511
0.049
1.6
0.32
Table 1. Highlighted results from Los Pumas showing Au, Ag, Cu, and AuEq grades
Gold equivalent grades were calculated considering prices of U$1,500 per ounce of gold; US20 per ounce of silver; and US$3 per pound of copper, as well as considering a recovery of 100%. The Company notes that selected grab samples are not necessarily representative of the mineralization hosted at Los Pumas. Maps and tables with full results are available on Sable's website (www.sableresources.com).
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 (110,877 ha) 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 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. Method Ag-GRA21 which includes Fire Assay with gravimetric finish is applied when Ag exceeds 1,500 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.
For further information, please contact: Ruben Padilla, President & CEO at [email protected] or +1 (520) 488-2520
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