New Sable Discovery at Margarita Intersecting 462g/t AgEq over 4.25m including 1,092.2g/t AgEq over 1.5m
New Sable Discovery at Margarita Intersecting
462g/t AgEq over 4.25m including 1,092.2g/t
AgEq over 1.5m
TORONTO
,
July 26, 2018
/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is
pleased to announce results from the first two drill holes targeting the Margarita Vein in its ongoing
12-hole drill program at the Margarita Project, Chihuahua State,
Mexico
. Both holes intersected the
target with hole M-DDH-05 also intercepted a previously unknown structure at depth. Results
confirm vein strike continuity for at least 500 meters to a depth of 50 meters from surface with
weighted average grades ranging from 190g/t to 462g/t AgEq over thicknesses of 4.25 to 8.70
meters. True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed
drill results, location plan, sections and core photos are available from the Sable website.
This is the first time the Margarita project has been drilled and constitutes a new discovery
for Sable
.
Highlights
Hole M-DDH-04:
462g/t
AgEq over
4.25m
from
41.5m
to
45.75m
Including
1.5m
at
1073g/t
AgEq from
42.7m
to
44.2m
Hole M-DDH-05:
205g/t
AgEq over
8.70m
from
50.70m
to
59.4m
Including
242g/t
AgEq over
4.8m
from
50.7m
to
55.5m
And
268g/t
AgEq over
0.7m
from
58.7m
to
59.4m
Hole M-DDH-05:
102.5g/t
AgEq over
4.35m
from
127.2m
to
131.55m
Including
160g/t
AgEq over
1.50m
from
130.05m
to
131.55m
Holes M-DDH-06 to 08 have been completed and are awaiting results. Similar vein textures have
been intersected in these holes across similar widths down to a depth of
100m
from surface. M-
DDH-09 is currently underway.
"We are excited by the grades and widths returned by the first two holes ever drilled in the
Margarita Vein", stated Ruben Padilla, VP Exploration of Sable Resources. "These results clearly
demonstrate that we are at the right erosional level with good preservation of the best part of the
veins starting right at surface and still open at depth. We will continue the systematic drill test along
the 1.6 km of known extension of the Margarita vein and along the other three veins identified within
the property limits."
Silver equivalent is calculated based on
USD15
.50per Oz for Silver,
USD 0.95
per pound for Lead
and
USD1.20
per pound for Zinc.
ABOUT THE MARGARITA PROJECT
Acquired as part of Sable Resources Upper Level Epithermal Strategy, the Margarita Project is
located in the Satevó Municipality in Chihuahua state, approximately 120km SW of the state capital
of Chihuahua City, and 110km NNW of the historic Parral mining district. The Project lies on strike
with Sunshine Silver Corp.'s Los Gatos Project, which hosts a Measured and Indicated 9.2
million tonnes resource containing 178 million ounces silver-equivalent (Sunshine Silver Mining
and Refining website published NI 43-101 report titled "Feasibility Study of the Cerro Los Gatos
Silver-Lead-Zinc Deposit Los Gatos Project" January 2017). Hosted in Eocene-Oligocene
Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Maria on 2 claims
totally encompassed by
Sunshine Silver
.
Results Table
Hole ID
From
To
Core Length
Ag (g/t)
Pb (ppm)
Zn (ppm)
AgEq (g/t)
M-DDH-04
41.50
45.75
4.25
429.6*
1857*
6609*
462.01*
Including
41.50
42.70
1.20
152
229
595
156.12
42.70
44.20
1.50
986
5050
16050
1073.33
44.20
45.75
1.55
106
27
2130
107.24
M-DDH-05
50.7
59.4
8.70
168.7*
1250*
5870*
205.16*
Including
50.70
51.85
1.15
123
920
1680
135.79
and
51.85
53.45
1.6
194
490
1550
204.29
and
53.45
54.15
0.70
293
2710
4940
330.61
and
54.15
55.50
1.35
315
1365
2260
332.73
and
55.50
56.35
0.85
49.1
262
2060
61.14
and
56.35
57.37
1.00
87.1
372
5950
120.25
and
57.37
58.70
1.35
91.3
716
18650
193.32
and
58.70
59.40
0.70
191
5330
10004
268.61
M-DDH-05
127.2
131.5
4.35
30.0*
10596*
5656*
102.53*
Including
127.2
128.4
1.20
17.9
3610
6530
67.74
and
128.4
130.0
1.65
17
5310
6790
75.36
and
130.0
131.5
1.50
48.1
22000
3710
160.26
*
Weighted average composites. All other intervals are actual results.
Drill Hole Orientations
Hole ID
Trend
Plunge
M-DDH-04
025
-45
M-DDH-05
045
-51
SOURCE
Sable Resources Ltd.
View original content with multimedia:
http://www.newswire.ca/en/releases/archive/July2018/26/c8015.html
%SEDAR: 00008665E
For further information:
Tom Obradovich, President & CEO, [email protected], Tel (416)
985-7140 or visit http://www.sableresources.com
CO: Sable Resources Ltd.
CNW 07:00e 26-JUL-18