FOR IMMEDIATEW RELEASE Sable Resources Ltd – Acquires the Tulox Gold Project, South-ce ntral British Columbia
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd – Acquires the Tulox Gold Project, South-ce ntral British Columbia
Vancouver, British Columbia, March 21, 2017 - Sable Resources Ltd. ("Sable" or the
"Company") (TSX-NEX: SAE.V) is pleased to announce the acquisition of the Tulox
gold project located in south-central British Columbia. In consideration for the project
which is being purchased from arm’s-length vendors subject to the purchase agreeme nt
dated March 12, 2017, Sable will issue the vendors 200,000 common shares of the
Company, and pay CAD $5,000. An additional aggregate 500,000 common shares will
be issued to the vendors as ‘bonus shares’ in the event that Sable completes a NI43-101
technical report on the property that contains a measured and indicated resource of at
least 500,000 ounces of gold within five (5) years of the purchase agreement. All
common shares issued related to this transaction will be subject to a hold pe riod of four
months plus one day.
The road accessible Tulox gold project consists of 12,918 ha of mineral tenure in the
Clinton Mining Division. Historical work completed by previous operators in 2006
consists of 1,434 standard soil samples and 35.75 kilometres of induced polarization and
magnetometer geophysical surveys.
The acquisition is subject to the approval of the NEX board of the TSX Venture
Exchange.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kilometers of mineral
tenure and mining leases, including the past producing Baker and Shasta mines, and the
250 ton-per-day Baker mill and tailings facility. The project is located in north-central
British Columbia, Canada and is road accessible.
We seek safe harbor
For more information:
Tom Obradovich, President & CEO
Tel (416) 985-7140
Or visit http://www.sableresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.