Sable Discovers New Zone at El Fierro Increasing High-Grade Mineralized Footprint to 8 by 4 km
Sable Discovers New Zone at El Fierro
Increasing High-Grade Mineralized Footprint to
8 by 4 km
VANCOUVER, BC,
Sept. 30, 2020
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company")
(TSXV: SAE) (OTCQB: SBLRF) is pleased to announce that it has received preliminary results from
a newly discovered zone at El Fierro Project in San Juan,
Argentina
. The La Verde zone is located 3
km north of the Fierro Alto zone and 8 km north of
Fierro Bajo
where high-grade results were
recently released by the Company (see press releases of
August 12
and
September 15, 2020
).
Ten samples were collected during this preliminary review from three well-defined structures (Veins
M, N and P) (see Table 1). Individual assay values reach up to 900 g/t Ag; 16.7 g/t Au; >20% Pb;
3.4% Zn; and 2.9% Cu whereas silver equivalent values are as high as 2,582.06 g/t AgEq. All the
samples returned values in excess of 100g/t Ag, with strongly anomalous gold values in all samples.
Lead exceeded the detection limit of 20% in five samples.
Assay Highlights:
Vein P
2,582.06 g/t AgEq (784 g/t Ag, 16.7g/t Au, 3.42% Pb, 0.302% Zn, 2.54% Cu) Grab Sample
1,913.38 g/t AgEq (900g/t Ag, 2.57g/t Au, 20% Pb*, 0.186% Zn, 1.22% Cu) Grab Sample
1,502.00 g/t AgEq (339g/t Ag, 3.11g/t Au, 20% Pb*, 3.43% Zn, 0.941% Cu) Grab Sample
1,631.30 g/t AgEq (444g/t Ag, 1.23g/t Au, 20% Pb*, 2.72% Zn, 2.91% Cu) Grab Sample
Vein N
1,342.41 g/t AgEq (736g/t Ag, 4.52g/t Au, 2.43% Pb, 0.396% Zn, 1.22% Cu) Grab Sample
1,103.15 g/t AgEq (353g/t Ag, 0.505g/t Au, 19.9% Pb, 0.363% Zn, 0.343% Cu)
1m
Channel
Sample
Vein M
1,245.41 g/t AgEq (256g/t Ag, 3.38g/t Au, 20% Pb*, 0.411% Zn, 0.277% Cu)
0.5m
Channel
Sample
971.38 g/t AgEq (269g/t Ag, 0.236g/t Au, 20% Pb*, 0.115% Zn, 0.173% Cu)
0.2m
Channel
Sample
*Above detection limit threshold of 20%.
Ruben Padilla
, President and CEO of Sable stated, "The discovery of the La Verde zone confirms
that El Fierro is a district scale mineral system with at least three high-grade zones defining an 8
kilometre by 4 kilometre footprint. Sable plans to aggressively explore for additional zones while we
move to drill phase on these three mineralized centres -
Fierro Bajo
, Fierro Alto and now La Verde."
The three mineralized the structures strike west-north-west and show thicknesses between
0.2m
and
2m
. Structure M can be followed for
300m
, structure N for
700m
and structure P for
100m
. All
structures remain open in both directions (see Figure 1). More detailed sampling and mapping will
be conducted over the coming months to fully understand the extent of the mineralized system.
Figure 1. Mineralized structures at La Verde zone (CNW Group/Sable Resources Ltd.)
Figure 2. Location of La Verde in relation to the El Fierro Project (CNW Group/Sable Resources
Ltd.)
Table 1. Results from the La Verde zone
Sample
Northing
Easting
Elevation
Type
Size
(m)
Structure
Ag
(g/t)
Au
(g/t)
Pb
(%)
Zn
(%)
Cu
(%)
AgEq
(g/t)
E13750
6745281
2452650
4592
Grab
Vein N
121
1.545
5.95
0.15
0.433
499.35
E13749
6745496
2452752
4600
Channel
0.2
Vein M
269
0.236
20
0.115
0.173
971.38
E13748
6745460
2452949
4613
Channel
0.5
Vein M
256
3.38
20
0.411
0.277
1,245.41
E13747
6745365
2452930
4650
Channel
1
Vein N
353
0.505
19.9
0.363
0.343
1,103.15
E13746
6745355
2453230
4597
Grab
Vein N
736
4.52
2.43
0.396
1.22
1,342.41
E13745
6745357
2453287
4584
Channel
1
Vein N
248
1.86
5
0.762
0.373
640.34
E13744
6744812
2453886
4625
Grab
Vein P
784
16.7
3.42
0.302
2.54
2,582.06
E13743
6744807
2453921
4639
Grab
Vein P
900
2.57
20
0.186
1.22
1,913.38
E13742
6744805
2453935
4639
Grab
Vein P
339
3.11
20
3.43
0.941
1,502.00
E13741
6744794
2453962
4641
Grab
Vein P
444
1.23
20
2.72
2.91
1,631.30
Additional work is being planned for La Verde, including detailed geological mapping, additional
sampling, and trenching. Mineralized structures at La Verde are hosted within Miocene ignimbrite
flows and they exhibit quartz, sericite, barite with variable amounts of pyrite, galena, chalcopyrite,
and sphalerite.
The Company notes that selected grab samples are not necessarily representative of the
mineralization hosted at El Fierro. The channel samples highlighted above have been taken from
accessible places where the veins were not fully mined; grab samples were collected from waste
piles outside of the adits.
Maps and tables with the details of highlighted results are available on Sable's website (
www.sableresources.com
). Silver equivalent is calculated based on 100% recovery and prices of
USD 17.89
per oz for silver;
USD 1,500
per oz for gold;
USD 0.86
per pound for lead;
USD 1.08
per
pound for zinc; and
USD 2.80
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 San Juan province.
The El Fierro Project consists of three main known mineralized areas, Fierro Alto,
Fierro Bajo
, and
La Verde over an area of 8km by 4km. The three areas host a number of old artisanal 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 press release of
May 14, 2020
).
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
, October 1st. To register, please click on the following
link -
https://zoom.us/webinar/register/WN_A0wVBDd1Tdy-mNfpWwVDAw
.
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
as well as the Mexico Regional Program (1.16Mha in application,
39,000ha titled) incorporating the Margarita, 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 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 30-SEP-20