Sable Confirms New Discovery From Fermin Skarn Project in San Juan Argentina
Sable Confirms New Discovery From Fermin
Skarn Project in San Juan Argentina
TORONTO
,
Feb. 12, 2020
/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is
pleased to provide new surface sampling results from its Fermin skarn project located within the Don
Julio cluster in San Juan,
Argentina
. These samples confirm the discovery made in the 2018-2019
field season.
The Fermin skarn was discovered by the end of the 2018-2019 field season and preliminary results
were released in
June 2019
(See PR,
June 20
th
2019). Detailed mapping and systematic channel
sampling started last December and the company has received results from 78 samples; 99
additional samples are currently being analyzed.
Geological mapping has shown that the mineralization is hosted by a limestone unit interbedded
within Permian ignimbrites. The calcareous unit is strongly deformed and altered to marble, and
hornfels, with irregular zones of garnet skarn. Mineralization consists of sphalerite, galena,
chalcopyrite, and pyrite, normally with stratabound geometry, but also controlled by structures
crosscutting the bedding or showing irregular geometries. The altered and mineralized calcareous
unit outcrops for 1.9 km along strike.
Au is only weakly anomalous, whereas Zn, Pb, Ag and Cu show multiple elevated values. The
mineralogy and characteristics of the alteration suggest that Fermin represents the distal zone of a
concealed Cu-Au skarn/porphyry center located west of the outcropping mineralized area.
"The extension and geochemical expression of the Fermin project is similar to distal marble fronts
associated to known Cu-Au skarn systems of the Central Andes. These results are highly
encouraging to keep our exploration efforts looking for high grade skarn close to the causative
porphyry intrusion commented
Ruben Padilla
, Sable's VP of Exploration"
Due to the strong deformation, and outstanding strike continuity, the skarn mineralization has been
intensely sampled in multiple sections with channel samples taken perpendicular to the limestone
bedding, that can be considered true width.
Highlights
Section A
16.073% ZnEq over 2.5m
(10.02% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Including
9.2% Zn; 4.07% Pb and 99.3 g/t Ag over
1.5m
(Sample E01950)
Section B
3.75% ZnEq over
8.2m
(1.46% Zn; 0.99% Pb; 0.31% Cu; and 29.39 g/t Ag)
Including
1.11% Cu over
1.2m
(Sample E01940)
1.92% Pb over
2.0m
(Sample E01941)
2.60% Zn over
2.0m
(Sample E01941)
51.29 g/t Ag over
3.2m
(Samples E01940 and E01941)
Section C
1.55% ZnEq over
6.1m
(0.90% Zn; 0.57% Pb; and 8.22 g/t Ag)
Including:
2.06% Zn and 1.20% Pb over
2.4m
(Samples E01912 and E01915)
Section D
1.80% ZnEq over
14.1m
(0.86% Zn; 0.63% Pb; 0.12% Cu; and 5.69 g/t Ag)
Including:
0.90% Cu over
1.7m
(Sample E01937)
3.08% Pb and 4.1% Zn over
1.6m
(Sample E01932)
Section E
1.22% ZnEq over 7.10m
(0.73% Zn; 0.55% Pb; and 2.33 g/t Ag)
Including
3.23% Zn; 2.54% Pb; and 13.1 g/t Ag over
1.1m
(Sample E01954)
Section F
2.38% ZnEq over
10.8m
(0.99% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Including
2.64% Zn and 1.58% Pb over
1.5m
(Sample E13004)
1.27% Zn over
1.2m
(Sample E01998)
1.56% Zn over
1.5m
(Sample E01995)
1.25% Cu over
2.0m
(Sample E02000)
Zinc equivalent is calculated considering a 100% recovery and based on prices of
USD 1.08
per
pound for Zinc;
USD 17.89
per Oz for Silver;
USD 0.86
per pound for Lead; and
USD 2.80
per
pound for Copper; Gold has not been incorporated in the calculation since the values are only
sporadically anomalous.
Section A
16.073% ZnEq over 2.5m
(10.02% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Cu _PPM
Pb _PPM
Zn _ PPM
E01950
6626004
2429217
1.5
99.30
2150.00
40700
92200
E01949
6626004
2429218
2.0
10.60
667.00
31700
56100
Section B
3.75% ZnEq over
8.2m
(1.46% Zn; 0.99% Pb; 0.31% Cu; and 29.39 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Cu _PPM
Pb _PPM
Zn _ PPM
E01942
6626060
2429203
2.0
4.70
144.00
801
3160
E01941
6626063
2429202
2.0
52.30
1630.00
19200
26000
E01940
6626068
2429203
1.2
49.60
11100.00
9440
15900
E01939
6626071
2429203
1.5
5.20
1340.00
11350
13850
E01938
6626078
2429204
1.5
39.80
4640.00
8490
14200
Section C
1.55% ZnEq over
6.1m
(0.90% Zn; 0.57% Pb; and 8.22 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Cu _PPM
Pb _PPM
Zn _ PPM
E01916
6626036
2429240
1.2
0.70
20.00
1680.00
2220
E01915
6626037
2429239
1.4
3.00
30.00
16100.00
28300
E01912
6626040
2429238
1.0
27.70
2730.00
6390.00
9970
E01911
6626041
2429238
0.9
19.00
46.00
3740.00
2060
E01910
6626043
2429238
1.6
0.20
6.00
553.00
708
Section D
1.80% ZnEq over
14.1m
(0.86% Zn; 0.63% Pb; 0.12% Cu; and 5.69 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Cu _PPM
Pb _PPM
Zn _ PPM
E01937
6626086
2429240
1.70
32.70
9070.00
10300
16200
E01936
6626089
2429242
1.80
3.00
23.00
11600
13050
E01935
6626088
2429245
1.50
0.20
6.00
182
510
E01933
6626086
2429249
2.00
0.60
3.00
193
364
E01932
6626085
2429245
1.60
9.10
138.00
30800
41900
E01931
6626084
2429246
1.50
0.50
25.00
114
329
E01930
6626083
2429247
1.60
0.10
27.00
15
77
E01929
6626081
2429250
1.60
1.10
372.00
154
520
E01928
6626080
2429250
0.80
0.60
1150.00
14
108
Section E
1.22% ZnEq over 7.10m
(0.73% Zn; 0.55% Pb; and 2.33 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Pb _PPM
Zn _ PPM
E01960
6626125
2429212
2.0
0.40
3910
5580
E01958
6626124
2429214
0.5
1.70
4410
7280
E01957
6626124
2429215
1.5
0.20
1130
1255
E01956
6626123
2429217
2.0
0.10
29
71
E01955
6626122
2429218
1.1
13.10
25400
32300
Section F
2.38% ZnEq over
10.8m
(0.99% Zn; 0.56% Pb; 0.27% Cu and 10.53 g/t Ag)
Sample
Easting
Northing
Size
Ag _PPM
Cu _PPM
Pb _PPM
Zn _ PPM
E13004
6626398
2429178
1.5
16.00
170.00
15850
26400
E13003
6626392
2429178
1.0
7.30
346.00
2300
5050
E02000
6626391
2429176
2.0
14.10
12500.00
939
3430
E01999
6626391
2429176
1.0
8.30
593.00
4880
6540
E01998
6626391
2429178
1.2
8.70
53.00
9620
12750
E01997
6626391
2429179
1.0
0.20
6.00
161
414
E01996
6626391
2429180
1.6
4.30
26.00
4200
6330
E01995
6626391
2429182
1.5
18.90
2360.00
6460
15650
Figure 1: Fermin plan map with channel sample locations and pending sample locations (CNW
Group/Sable Resources Ltd.)
ABOUT DON JULIO PROJECT
The Don Julio project area contains 8 of the 19 known Sable's identified anomalies within its San
Juan exploration program (58000 hectares), located in the Cordillera Frontal of Argentina along the
southern extension of the prolific Miocene El Indio-Pascua Belt. The Don Julio project area extends
for approximately 12 x 10 km. The company has completed systematic geological mapping at
1:2,500 scale over all the known targets of the Don Julio cluster and recognizing mapping in areas
located between the main alteration zones. The mapping work was complemented with 1,825 rock
samples and 283 talus samples, in addition 8 drill holes were drilled (
3101 m
) at the Esperanza and
Heaven Hill targets. The results of the extensive mapping and sampling carried out by Sable's team
identified various magmatic centers with associated large hydrothermal alteration and different styles
of mineralization including Au-Cu porphyry; IS/HS epithermal; and skarn.
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 (58,000ha) incorporating the Don Julio Project in San Juan
Province, Argentina; the Mexico Regional Program (1.16Mha in application, 39,000ha titled)
incorporating the Margarita, Vinata and El Escarpe projects; and the Scorpius Project in Ayacucho,
Peru
.
Sample Preparation and QAQC
Sample preparation for the Don Julio Project is carried out by ALS Chemex Argentina, a subsidiary
of ALS Minerals, at their 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. 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. Exploration Manager for Sable Resources and the Company's Qualified
Person as defined by NI 43-101 has reviewed and approved the technical information in this news
release.
We seek safe harbor
Figure 2: Fermin plan map with channel sample locations (CNW Group/Sable Resources Ltd.)
SOURCE
Sable Resources Ltd.
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%SEDAR: 00008665E
For further information:
Tom Obradovich, President & CEO, [email protected], Tel (416)
985-7140; Or visit sableresources.com
CO: Sable Resources Ltd.
CNW 07:00e 12-FEB-20