Sable Initiates Phase II Exploration and Drill Permitting at Scorpius
Sable Initiates Phase II Exploration and Drill
Permitting at Scorpius
TORONTO
,
Nov. 28, 2018
/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is
pleased to announce the commencement of Phase II exploration at the Scorpius Project located in
the Miocene Gold Belt of
Peru
. The Phase II work is intended to better define drill targets and will
consist of detailed surface mapping, rock geochemical sampling and a 4-line kilometer Induced
Polarization (IP) geophysical survey. In parallel the company has started all necessary paperwork
required to request the environmental permit to conduct drilling. Sable expects to have Phase II work
completed by the end of the current year and for drilling to begin in the Peruvian Andes dry season
early in Q3, 2019 following receipt of the drill permit.
ABOUT THE SCORPIUS PROJECT
Acquired as part of Sables Upper Level Epithermal Strategy, The Scorpius High Sulphidation Project
is located in the prolific Miocene Gold Belt of
Central Peru
. Historic values at the Scorpius Project
range between 0.1 and 7.7g/t Au and define a 1km by 0.5km anomalous area coincident with
volcanic domes, silica ledges, quartz-alunite alteration and high-sulphidation pathfinders similar to
Sables'
Don Julio
project located in San Juan Province,
Argentina
. Sable has the rights to acquire
100% of the Scorpius Project for total payments of
$1 million dollars
over three years.
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. Sables' main focus is developing their large portfolio of new greenfields projects to
resource stage utilizing their Upper Level Epithermal Strategy. Sable is actively exploring the San
Juan Regional Program (35,000ha) incorporating the Don Julio Project in San Juan
Province, Argentina, the Mexico Regional Program (1.5Mha), incorporating the Margarita, Vinata
and El Escarpe drill ready projects and the BC Intrusion Related Program, Canada (13,600ha)
incorporating the drill ready Tulox Project.
We seek safe harbor
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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http://www.newswire.ca/en/releases/archive/November2018/28/c1971.html
%SEDAR: 00008665E
For further information:
Tom Obradovich, President & CEO,
[email protected], Tel (416) 985-7140, or visit sableresources.com
CO: Sable Resources Ltd.
CNW 08:00e 28-NOV-18