Sable Identifies 2 New Veins at Margarita Project

Sable Identifies 2 New Veins at Margarita Project

TORONTO, July 5, 2018 /CNW/ - Sable Resources Ltd ("Sable") (TSXV: SAE) is pleased to announce

the identification of 2 new epithermal veins at the Margarita Project, Chihuahua State, Mexico.

Following ten days of detailed field mapping at 1:5000 scale, two additional mineralized structures The

Juliana and Marie Veins, were identified within Sable resources mineral claims. The Juliana Vein can be

traced for approximately 650m along a 040 strike. Previous grab sampling prior to mapping returned an

assay value of 405 ppm Ag for the vein. The vein has been observed to dip approximately vertical and

appears to merge with the Margarita structure to the southwest.

The Marie vein outcrops at the most eastern part of the Margarita property. The vein strikes 020 to 030

and was observed for 650m along strike from which 400m are within Sable's concessions. The width of

the vein is variable with 1.6 m of quartz vein to >2m of breccia zone with several smaller braided veins.

The Marie vein is observed dipping at high angles towards SW, NE and vertical, depending on the

location. A large zone of kaolinite, silicification and Fe oxides characterizes the Marie vein after pyrite on

its western side whereas the eastern side shows green argillic alteration (illite, smectite, and Fe oxides

after sulfides).

Margarita Geological Map

In light of the discovery of the 2 new veins, Sable has re-assessed the drill program deciding to increase

the first phase to a maximum of 5,000m and has changed drill companies to better accommodate the

increased meterage.

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 ounce 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 http://www.sableresources.com

CO: Sable Resources Ltd.

CNW 08:00e 05-JUL-18