Sable Advancing Phase Two Drilling at El Fierro Epithermal Vein System and Phase One Drilling of Five Porphyry Targets
Sable Advancing Phase Two Drilling at El
Fierro Epithermal Vein System and Phase One
Drilling of Five Porphyry Targets
VANCOUVER, BC
,
Feb. 9, 2022
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:
SAE) (OTCQB: SBLRF) is pleased to provide an update on its ongoing fully financed
C$16 million
exploration program designed to drill test six high quality targets in
San Juan
,
Argentina
. Exploration
targets in this well endowed southern region of the Andes are represented by multi million ton
copper-gold porphyry centres and surrounding halos of gold-silver epithermal deposits similar to
Filo
del Sol
, Veladero, and Pascua-Lama deposits.
"Sable continues operating in a systematic and disciplined way, putting the largest investment on our
advanced El Fierro project, and advancing initial drilling in five targets with clear potential for Tier-
One discoveries," stated Dr.
Ruben Padilla
, Sable's President and CEO, who added, "Despite
recent operational delays due to extreme weather and the January Omicron outbreak in
Argentina
we can expect a flow of news releases as we receive drill and surface samples."
Project Highlights
El Fierro:
Sable's most advanced project with 14.5 linear kilometres of high grade silver-gold-base
metals epithermal veins. A total of
6,406 m
of core drilling has been completed in 56 shallow drill
holes, and the ongoing second round of drilling is planned to complete between 10,000 and
15,000 metres with the objective of defining the size of the deposit and prioritize the veins with the
highest potential for the next round of resource definition drilling. Sable is financing all work at El
Fierro.
El Fierrazo:
A recent discovery by Sable located on the southern part of El Fierro veins, likely
representing the source of magmatic-hydrothermal fluids of El Fierro porphyry-epithermal district. El
Fierrazo is an extensive porphyry system represented by a 4 x 2 km sericitic zone overprinting an
inner-core of early porphyry type veinlets. Sable is planning a fence drilling across the inferred
causative porphyry stock to define porphyry phases and their respective copper, gold, and
molybdenum grades.
La Poncha North:
An outcropping >
600 m
long x 300 wide mineralized - composite 18 million years
old gold-copper porphyry centre intruding an inter-mineral magmatic-hydrothermal diatreme. The
Company is financing all work at Poncha North including a fence drilling across the central area of
the porphyry stock to investigate gold–copper grades close to surface and to depths of at least 300
metres.
Don Julio Cluster
:
The current drill plan is focused on three gold-copper porphyry targets, named
Poposa,
Punta Cana
and La Gringa. Punta Cana is a recent discovery of outcropping gold-copper
porphyry mineralization. The exploration targets at Poposa and La Gringa are high grade – bulk
tonnage gold-copper zones interpreted to be located at the roots of gold-copper bearing lithocap
overprinting the top of their causative gold-copper porphyry centres. All work at Don Julio is fully
funded by a wholly owned subsidiary of South32 Limited under the Earn-In agreement signed
between South32 and Sable (see press release dated
March 11, 2021
).
Target Generation Work:
The Company continues with target generation activity on its large land
packages in
Argentina
and
Mexico
to generate value with expanding the exploration pipeline with
high quality drill projects. Three months of target generation work was completed at Los Pumas
project in
San Juan
, the results of this work will be released as soon as the Company receives final
geochemical results.
Figure 1. Location of the Don Julio, La Poncha and El Fierro prospects with respect to other
porphyry copper deposits and prospects in western Argentina and contiguous parts of Chile. (CNW
Group/Sable Resources Ltd.)
Figure 2. Distribution veins at El Fierro showing silver values and location of El Fierrazo sericitic zone
over regional magnetic data. (CNW Group/Sable Resources Ltd.)
Figure 3. Schematic section of Poncha Norte diatreme and porphyry centre. (CNW Group/Sable
Resources Ltd.)
Figure 4. Map of Don Julio copper-gold anomalous lithocap and its zinc halo, with locations of the
Poposa, La Gringa-Amarilla and Punta Cana porphyry copper prospects. (CNW Group/Sable
Resources Ltd.)
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 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 (1.16Mha in application, 39,000ha 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).
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 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-GRA22 which includes Fire Assay with gravimetric
finish is applied when Ag exceeds 1500 g/t. Tritration method is applied when Pb and Zn exceed 20
and 30%, respectively (codes Pb-VOL70 and Zn-VOL50). 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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/February2022/09/c4414.html
%SEDAR: 00008665E
For further information:
Ruben Padilla, President & CEO at [email protected] or
+1 (520) 488-2520
CO: Sable Resources Ltd.
CNW 07:00e 09-FEB-22