Sable Intercepts 4,381 g/t AgEq over 0.5m within 546.78 g/t AgEq over 9.95 m in First Drillhole at La Verde
Sable Intercepts 4,381 g/t AgEq over 0.5m
within 546.78 g/t AgEq over 9.95 m in First
Drillhole at La Verde
VANCOUVER, BC
,
May 3, 2021
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:
SAE) (OTCQB: SBLRF) is pleased to announce additional results from its active drill program at the
La Verde and Fierro Bajo zones within El Fierro Project. El Fierro is an 8 by 4 kilometre historical
artisanal silver-rich mining district located 250 kilometres northwest of San Juan city and 120 km
north of Sable's Don Julio Project. Sable is currently advancing the first drilling campaign ever
conducted at the property testing the depth and strike continuity of the outcropping veins.
Key Points:
Drillhole LV-DH-21-08 is the first drillhole ever drilled at La Verde.
Results confirm vertical continuity of the La Verde structure from outcrop at surface to a depth
of approximately
80m
.
LV-DH-21-08 is one of seven holes planned to test the strike continuity of the La Verde
structure over a strike length of
1,500m
as defined by small mining works, geophysics and a
coincident gold bearing boulders trail.
In conjunction with the silver-rich polymetallic values seen throughout the El Fierro project, La
Verde also shows higher gold content, here intercepting values up to
49.8
g/t.
Sable has completed 23 drillholes of the
3,000m
program planned at the El Fierro Project of
which six holes have received results.
The Company is awaiting assay results from 757 samples (17 drillholes) currently at the laboratory.
Samples from drillhole LV-DH-21-08 were rushed following the observation of significant visible
polymetallic mineralization in the drill core. Highlights from this hole include:
546.78
g/t AgEq over
9.95m
from 78.35 to
88.3m
(
4.29
g/t Au;
110.67
g/t Ag; 0.135% Cu; 0.58% Pb; 1.06% Zn)
Including
1,429.2
g/t AgEq over
3.7m
from 80.9 to
84.6m
(
11.53
g/t Au;
281.89
g/t Ag; 0.48% Cu; 1.35% Pb;
2.5
% Zn)
Including
4,381.1
g/t AgEq over
0.5m
from 81.4 to
81.9m
(
49.8
g/t Au; 55.6 g/t Ag; 0.34% Pb;
3.83
% Zn)
"The excellent results from hole 8 clearly demonstrate the potential of La Verde vein, with consistent
Ag, Pb, Zn, Cu values over a 10 metre intercept. The gold grades of up to nearly 50 g/t exhibited in
this drillhole show that El Fierro is not only a silver district," commented
Ruben Padilla
, President and
CEO of Sable Resources who added, "The discovery of the La Verde Vein in an area never
explored and largely covered by thin colluvial material gives us a first order structure to follow with
more drilling and opens the potential for the discovery of similar new veins within our 46,391 hectare
land package."
Mineralization observed in hole LV-DH-21-08 consists of specularite, magnetite, sphalerite, galena,
and chalcopyrite within a banded quartz vein and associated fault breccia. The Verde vein is hosted
within a structural zone which crosscuts a Miocene ignimbrite sequence. Besides the highlighted
interval, the hole also returned other anomalous intercepts detailed in Table 1. Four additional holes
of a planned seven holes have been completed along the strike of the Verde vein with similar
mineralization observed. Results are pending.
The Company also received results from three holes at the Fierro Bajo zone. Drillhole FB-DH-21-03
intercepted the main Fierro Bajo structure (A vein)
140m
to the south east from hole FB-DH-21-02
(see
April 6, 2021
press release) showing a lower grade anomaly. Drillhole FB-DH-21-04
intercepted the B vein which runs parallel to A vein, returning
854.78 g/t AgEq (776 g/t Ag, 1.7%
Pb, 0.55% Zn)
over
0.5m
from 56.85 to
57.35m
. Drillhole FB-DH-21-05 was abandoned due to
technical problems before intercepting the targeted C vein (
140m
to the north of A vein) and
therefore did not return anomalous values. Locations of the drillholes are presented in Figure 1.
Mineralization intercepted in drill holes FB-DH-21-03, FB-DH-21-04, and LV-DH-21-08 represents
between 80% and 100% true width. Maps and tables associated with this press release will be
available on Sable's website (
www.sableresources.com
). Silver equivalent (AgEq) is calculated
based on 100% recovery and prices of USD 18.00 per oz for silver; USD 1,500 per oz for gold; USD
0.85 per pound for lead; USD 1.10 per pound for zinc; and USD 3.00 per pound for copper. Cu, Pb,
Zn values lower than 0.1%, and Au values lower than 0.1 g/t have not been considered within the
AgEq calculation.
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
, May 6, 2021. To register, please click on the following
link -
https://zoom.us/webinar/register/WN_eNtpIqmxRXS-OBaIiDqXKA
.
Figure 1. Location of reported holes
Figure 1. Location of reported holes (CNW Group/Sable Resources Ltd.)
Figure 2. Detailed location of hole LV-DH-21-08 at La Verde Zone
Figure 2. Detailed location of hole LV-DH-21-08 at La Verde Zone (CNW Group/Sable Resources
Ltd.)
Figure 3. Schematic cross-section along drillhole LV-DH-21-08 showing the reported
intercepts
Figure 3. Schematic cross-section along drillhole LV-DH-21-08 showing the reported intercepts
(CNW Group/Sable Resources Ltd.)
showing the reported intercepts
Table 1 - Anomalous Intercepts from Reported Holes
Hole
From
To
Interval
AgEq (g/t)
Ag (g/t)
Au (g/t)
Cu (%)
Pb (%)
Zn (%)
FB-DH-21-03
97.85
98.85
1.00
12.97
11.15
0.056
FB-DH-21-04
56.85
57.35
0.50
854.78
776
1.71
0.55
LV-DH-21-08
78.35
88.3
9.95
546.78
110.67
4.29
0.13
0.58
1.06
including
80.90
84.60
3.70
1,429.2
281.89
11.53
0.48
1.35
2.5
including
81.40
81.90
0.50
4,381.1
55.6
49.8
0.34
3.83
and
82.40
83.85
1.45
1,534.3
476.07
10.06
0.59
1.56
2.41
LV-DH-21-08
96.60
97.10
0.50
39.12
5.0
0.1
0.64
LV-DH-21-08
126.4
126.9
0.50
149.76
46.70
0.14
0.14
2.12
0.16
Table 2 – Location of Reported Drillholes
Hole
Azimuth
Dip
Depth
Zone
Easting
Northing
Elevation
FB-DH-21-01
45
-45
219.7
Fierro Bajo
2459235
6742962
3,765
FB-DH-21-02
45
-45
83.6
Fierro Bajo
2459633
6742773
3,629
FB-DH-21-02-A
45
-60
121
Fierro Bajo
2459633
6742773
3,629
FB-DH-21-03
40
-55
128.5
Fierro Bajo
2459735
6742684
3,645
FB-DH-21-04
52
-60
94
Fierro Bajo
2459281
6742875
3,789
FB-DH-21-05
40
-60
135
Fierro Bajo
2460064
6742656
3,743
LV-DH-21-08
5
-55
150
La Verde
2453230
6745291
4,342
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 three main known mineralized areas -
Fierro Alto
, Fierro
Bajo, and La Verde over an area of 8km x 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. The property has never been drilled. Sable currently controls 46,391 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 (128,992 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.
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.
For Pb>20%, and Zn>30%, tritration method is applied (Pb-VOL70, Zn-VOL50). Method Ag-GRA22
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2021/03/c5633.html
%SEDAR: 00008665E
For further information:
Ruben Padilla, President & CEO at [email protected] or
+1 (520) 488-2520
CO: Sable Resources Ltd.
CNW 07:00e 03-MAY-21