Sable Initiates Drilling of the Pyros Porphyry Target within the El Fierro Project
Sable Initiates Drilling of the Pyros Porphyry
Target within the El Fierro Project
VANCOUVER, BC
,
March 2, 2022
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company")
(TSXV: SAE) (OTCQB: SBLRF) is pleased to announce that it has commenced drilling at its Pyros
porphyry target, part of the Company's flagship El Fierro Project. Sable's exploration work has
identified the footprint of a large Cu-Mo-Au porphyry system interpreted to be the centre of the
polymetallic veins that the Company has explored at El Fierro during the last two seasons. The
Pyros porphyry target displays numerous critical characteristics that the Company believes could
indicate the presence of a significant mineralized porphyry complex.
Pyros is a new, unknown system identified by Sable's exploration team at El Fierro and it has never
been sampled or drilled previously by any company. Pyros is now the nearest porphyry prospect
south of the Filo del Sol –
Jose Maria
cluster.
Key Characteristics of Pyros
Significant Size
: Pyros is an outcropping 4 x 2 km porphyry system, characterized by a large
zone of quartz-sericite alteration overprinting early porphyry-style quartz veinlets.
Age:
Sable's geochronological data confirms that the Pyros porphyry system is Miocene
(20Ma), which corresponds with the mineralization age of the prolific Maricunga Cu-Au mineral
belt (≈14 to 24 Ma), host of multi-million tonnes Au-Cu deposits including
Cerro Casale
, Filo del
Sol,
Jose Maria
, Marte-Lobo, and Caspiche.
Right Erosion Level
: The observed alteration at surface is characteristic of upper levels of
porphyry centers, indicating that the potential ore zone associated with potassic alteration is not
eroded away but still close to surface. The system outcrops mostly on sericitic alteration with a
small erosional window of potassic altered diorite intrusions.
Fertility
: The porphyry center at Pyros is interpreted to be the source of the magmatic-
hydrothermal fluids of the polymetallic veins of El Fierro. the ability to produce more than 14km
of Ag-Au-Cu-Pb-Zn high-grade veins can indicate a fertile and metal rich system.
Leached Cap:
A leached cap forms above a mineralized porphyry deposit when all the sulfides
contained above the water table are oxidized. Within the leached cap copper is completely
leached, vertically transported, and redeposited at depth a the bottom of the oxidized zone
forming a supergene enrichment copper blanket. Some of the important pophryry systems of
the world, like Escondida in
Chile
, contain large - high grade copper zones formed below
leached caps.
Ruben Padilla
, President and CEO of Sable commented, "The identification of the Pyros porphyry at
the El Fierro Project is an important finding that now defines the El Fierro Project as a preserved
large porphyry-epithermal mineral district of at least 8 x 8 km. Pyros shows all the characteristics of
the known large porphyry deposits in the region."
Figure 1. Outline of the quartz sericite alteration zone of the Pyros porphyry target showing the
position of the most important polymetallic veins at El Fierro. The background is showing the regional
RTP Mag (CNW Group/Sable Resources Ltd.)
Sable has planned two drilling fences comprising a total of
3,900m
to intercept the entire width of
the system with the goal of defining the number of porphyry phases and their respective Cu-Au-Mo
grades, as well as test the supergene enrichment target.
Figure 2. Schematic section across the Pyros porphyry system showing the alteration zones and
lithologies. Size of the potassic altered diorite stock and supergene mineralization are interpreted.
(CNW Group/Sable Resources Ltd.)
Figure 3. Surface expression of Cu and Mo over the phyllic zone of the Pyros porphyry. Molybdenum
is extensively anomalous with multiple values >50 ppm Mo and some >100ppm Mo. Copper has
been leached from the phyllic zone but it shows values up to 0.2% Cu in a small erosional window of
the Miocene diorite porphyry (CNW Group/Sable Resources Ltd.)
Ruben Padilla
, President & CEO of Sable Resources will be participating in a webinar hosted by
Adelaide Capital on
March 3
rd
at
2pm ET
. If you would like to attend the event you can register
here:
https://us02web.zoom.us/webinar/register/WN_ZccenpPYQcKkUcT-D44JJQ
. Please feel free
to send questions in advance to
or you can ask them during the live event. A
replay will be made immediately afterwards on the Adelaide Capital YouTube Channel here:
https://www.youtube.com/channel/UC7Jpt_DWjF1qSCzfKlpLMWw
.
In other news, effective
March 1
st
, the Company has engaged Adelaide Capital Markets Inc.
("
Adelaide
"), an
Ontario
-based corporation, to provide digital marketing services to the
Company. The term of this agreement shall be for one year. The Company has agreed to pay
Adelaide
a total of
$48,000
for the term of the agreement and has also granted 75,000 stock
options (with an exercise price of
$0.165
and expiry date one year from date of grant, with 25%
vesting each quarter, commencing
June 1, 2022
.
Adelaide
was founded by
Deborah Honig
and is an arm's length company based in
Toronto
,
Ontario. Adelaide is a full-service investor relations firm. As of the date hereof,
Adelaide
does not
have any interest, directly or indirectly, in the Company or its securities, or any right to acquire such
an interest.
ABOUT EL FIERRO PROJECT
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 four main known mineralized areas -
Fierro Alto
,
Fierro
Bajo
, La Verde and Lagunitas over an area of 8.6 km x 6.2 km. Three of the four 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. Prior to Sable's 2021 drill program, the Property had never been
drilled. Sable currently controls 58,510 hectares covering all the historically mineralized areas and
additional highly prospective ground over a large magnetic anomaly.
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.
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 02-MAR-22