Sable Defines High-Grade Silver Mineralisation over 2km by 500m area at El Fierro
Sable Defines High-Grade Silver Mineralisation
over 2km by 500m area at El Fierro
VANCOUVER, BC
,
Aug. 12, 2020
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company")
(TSXV: SAE) is pleased to announce that it has received additional results from El Fierro Bajo zone
at its recently optioned El Fierro project in San Juan Argentina. Mapping and sampling has identified
four discrete outcropping structures (Vein A, Vein B, Vein C and North Vein) over a 2km by
500m
footprint, open along strike in both directions. Veins A, B and C all returned assays over 1kg silver
equivalent. Highlights of the new results are included below and shown on the Figure 1 location
map.
Figure 1. Significant results at El Fierro Bajo zone (CNW Group/Sable Resources Ltd.)
"We are very impressed with the grades and continuity found at El Fierro Bajo. These at surface
veins demonstrate high-grade cores with well mineralised halos of up to
7m
," commented
Ruben
Padilla
, President and CEO of Sable, who added, "With these encouraging results, the Company
plans on undertaking some additional sampling and geophysics to advance the project quickly to drill
stage. Mapping will also continue on structures at Fierro Alto located 6km west of
Fierro Bajo
to
define the full extent of this strong mineralised system."
Highlighted Results:
Vein A
1859.65 g/t AgEq
(1300 g/t Ag; 16.25% Pb; 0.138% Cu; and 0.222% Zn) grab sample
1159.66 g/t AgEq
(832 g/t Ag; and 9.94% Pb) over
0.75m
channel sample
Within 564.49 g/t AgEq (404.95 g/t Ag; and 4.84% Pb) over
1.55m
channel sample
971.76 g/t AgEq
(648 g/t Ag; 9.43% Pb; and 0.312% Zn) over
0.4m
channel sample
Within 287.56 g/t AgEq (192.9 g/t Ag; 2.52% Pb; and 0.28% Zn) over
3.85m
channel
sample
684.54 g/t AgEq
(490 g/t Ag; 5.77% Pb; and 0.105% Zn) over
0.2 m
channel sample
Within
2.9m
@ 71.46 g/t AgEq (51.79 g/t Ag; 0.465% Pb; and 0.105% Zn) channel sample
687.55 g/t AgEq
(410 g/t Ag; and 8.42% Pb) over
1.2m
channel sample
412.42 g/t AgEq
(301 g/t Ag; and 3.38 % Pb) over
0.4m
channel sample
Within 47.78 g/t AgEq (34.92 g/t Ag; and 0.39% Pb) over
7.35 m
channel sample
395.64 g/t AgEq
(215 g/t Ag; and 5.48% Pb) over
1.0m
channel sample
378.07 g/t AgEq
(236 g/t Ag; and 4.31% Pb) over
0.5m
channel sample
B Vein
1538.53 g/t AgEq
(1490 g/t Ag; 0.43% Pb; and 0.83% Zn) grab sample
472.18 g/t AgEq
(291 g/t Ag; 0.142% Cu; 4.4% Pb; and 0.50% Zn) over
0.9m
channel sample
228.82 g/t AgEq
(85.4 g/t Ag; 4.18% Pb; and 0.136% Zn) over
1.2m
channel sample
C Vein
1726.03 g/t AgEq
(1040 g/t Ag; 0.20% Cu; 20% Pb; and 0.11% Zn) over
0.25m
channel
sample
466.81 g/t AgEq
(254 g/t Ag; 5.97 % Pb; 0.38% Zn) over
0.3m
channel sample
Within 132.05 g/t AgEq (72.33 g/t Ag; 1.41% Pb; and 0.32% Zn) over
1.8m
channel
sample
North Vein
673.41 g/t AgEq
(235 g/t Ag; and 13.3% Pb) grab sample
380.90 g/t AgEq
(191 g/t Ag; 0.16% Cu; and 5.24% Pb) grab sample
The Company notes that these selected samples are not necessarily representative of the
mineralization hosted on the El Fierro property. Channel samples have been taken from accessible
places where the veins were not fully mined; grab samples were collected from waste piles outside
of the adits. Sable will conduct additional underground sampling after rehab of some of the shafts.
Maps and tables with the details of highlighted results are available on Sable's website (
www.sableresources.com
). Silver equivalent is calculated considering a 100% recovery and based
on prices of
USD17.89
per Oz for Silver;
USD0.86
per pound for Lead;
USD1.08
per pound for Zinc;
and
USD2.80
per pound for Copper; when a width is shown in the results, the samples are channels
perpendicular to the structures representing true width.
The El Fierro Project is located 250 km northwest of San Juan,
Argentina
and 120 km north of
Sable's Don Julio Project in one of the best-known historical mining districts in the San Juan
province. The El Fierro Project consists of two main known mineralized areas, Fierro Alto and
Fierro
Bajo
over a trend of 6km. Both areas host a significant number of old mining workings where silver,
lead and zinc were intermittently mined since the late 1800's until the 1960s decade; the property
has never been drilled. Sable recently signed two option agreements covering 6,054 hectares and
the Company controls all the historically known mineralized zones at El Fierro (see
May 14, 2020
press release).
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, August 13
th
. To register, please click on the following
link -
https://zoom.us/webinar/register/WN_aAfHwoiKRpm22iYboezzWg
.
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 (68,718ha) incorporating the Don Julio Project and the El Fierro 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
.
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 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
1500 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.
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%SEDAR: 00008665E
For further information:
Ruben Padilla, President & CEO at [email protected] or
+1 (520) 488-2520
CO: Sable Resources Ltd.
CNW 07:00e 12-AUG-20