SAE.V · 2018-08-14 12:00:00

Sable Intersects 461.4g/t AgEq over 14.05m including 859.5g/t AgEq over 2.0m

Drill Results

Sable Intersects 461.4g/t AgEq over 14.05m

including 859.5g/t AgEq over 2.0m

TORONTO

Aug. 14, 2018

/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is

pleased to announce results from drillholes 7 and 8 targeting the Margarita Vein from its ongoing 12-

hole drill program at the Margarita Project, Chihuahua State,

Mexico

. Drillhole M-DDH-18-07 is

located on the same section line as previously released drillhole M-DDH-18-05 (Sable Press

Release dated

July 26

2018). Drillhole M-DDH-18-08 is situated on the same section line as

previously released drillhole M-DDH-18-06 (Sable Press Release dated

August 7

2018). Designed

to test continuity at depth drillholes 7 and 8 confirm extent and grade of the Margarita structure from

surface to 80 meters down dip.

Margarita Project Map (CNW Group/Sable Resources Ltd.)

Highlights

Hole M-DDH-18-07

417g/t

over

3.6m

from

94.55m

98.15m

including

707g/t

over

1.0m

from

95.65m

96.65m

Hole M-DDH-18-08

461.4g/t

AgEq over

14.05m

from

67.4m

81.45m

including

859.5g/t

over

2.0m

from

73.2m

75.2m

"The

14m

intercept in drillhole M-DDH-18-08 represents our widest intersection to date with

consistent average grades in excess of 400 grams per tonne silver equivalent", commented Ruben

Padilla, VP Exploration of Sable Resources. "We are also greatly encouraged by gold values in

these holes up to 3g/t coincident with high base metal values with zinc to 4.5% and lead to 2.4%.

Sable now has five holes into the Margarita structure with a weighted average grade of 420g/t AgEq

over an average width of

8.6m

, and a confirmed strike length of

500m

down to

80m

depth from

surface."

The initial drill program of 12 holes is now complete with holes M-DDH-18-09, 10, 11, 12 awaiting

results. True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed

drill results, location plan, sections and core photos are available from the Sable website. Silver

equivalent is calculated based on based on

USD15.50

per Oz for Silver,

USD 0.95

per pound for

Lead and

USD1.20

per pound for Zinc and

USD1200

for gold.

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 256 million ounces silver-equivalent

resource (Pyle. P (2018)

Los Gatos Project: Epithermal silver, zinc lead discovery in south Central

Chihuahua.

Minera Plata Real

, Los Gatos Joint Venture Presentation). 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

About Sable Resources Ltd.

Focused on systematic stage based greenfields exploration, Sable owns numerous district scale

mineral projects in

British Columbia Canada

Mexico

and San Juan Province Argentina. Exploration in

British

Colombia

is focused on 142 square kilometers of mineral tenure and mining leases in the

Toodoggone mining district of north-central

British Columbia

which hosts the past-producing Baker

and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility. Sables' activities in

Mexico

are focused on the

1.7M

hectare Northern Mexico Regional Program including the Margarita,

Vinata and El Escape Projects. In

Argentina Sable

is focused on the 35,000 hectare San Juan

Regional Program and in particular the drill ready

Don Julio

high-sulphidation Epithermal Project.

Sample preparation was carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of ALS

Minerals, at their laboratory at Chihuahua,

State of Chihuahua

, Mexico. Analyses were carried out at

their laboratory in

North Vancouver, British Columbia

, Canada. Sample preparation was by 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 atomic absorption

spectrophotometer (AAS) (code Au-AA23). Multi-elements were analyzed by a four acid, near total

digestion of a 1 gram sub-sample with detection by inductively coupled plasma atomic emission

spectrometer (ICP-AES) for 33 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La,

Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (code MEICP61).

This digestion method dissolves most minerals but not all elements are quantitatively extracted in

some sample matrices. Mercury was analyzed by aqua regia digestion, cold vapor extraction, and

AAS detection with a lower limit of detection of 0.01 ppm (code Hg-CV41), or by inductively coupled

plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

Luis Arteaga

(M.Sc) P. Geo. Exploration Manager for Sable Resources and the Company's

Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in

this news release.

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.

Results Table

Hole ID

From

Core

Length

Ag (g/t)

Au (g/t)

Pb (%)

Zn (%)

AgEq

(g/t)

M-DDH-18-07

94.55

98.15

3.6

329.78*

0.220*

0.718*

417.58*

Including

94.55

95.65

1.1

132

0.0483

0.146

141.78

and

95.65

96.65

605

0.651

0.29

0.754

707.62

and

96.65

97.6

0.95

460

0.315

0.416

0.699

537.81

and

97.6

98.15

0.55

0.005

0.0964

1.83

234.2

M-DDH-18-08

67.4m

81.45

14.05

306.53*

0.732*

1.878*

461.3*

Including

67.4

68.4

148

0.393

0.904

212.51

and

68.4

69.5

1.1

487

0.297

0.587

530.64

and

69.5

70.6

1.1

246

0.266

2.82

406.89

and

70.6

71.6

81.6

0.0794

0.198

95.45

and

71.6

72.4

0.8

320

0.966

2.64

500.75

and

72.4

73.2

0.8

294

0.687

1.49

401.97

and

73.2

74.2

610

1.26

0.597

3.37

911.54

and

74.2

75.2

504

3.17

0.281

0.832

805.4

and

75.2

76.25

1.05

253

0.326

1.155

328.02

and

76.25

77.3

1.05

490

0.903

1.7

618.2

and

77.3

78.3

214

0.392

2.57

366.91

and

78.3

79.3

177

2.39

2.74

422.91

and

79.3

80.45

1.15

277

2.39

4.49

615.81

and

80.45

81.45

176

0.164

0.562

212.73

* Weighted average composites. All other intervals are actual results.

Drill Hole Orientations

Hole ID

Trend

Plunge

M-DDH-18-07

045

-48

M-DDH-18-08

045

-53

Margarita Project Sections 6 and 8 (CNW Group/Sable Resources Ltd.)

Margarita Project Sections 5 and 7 (CNW Group/Sable Resources Ltd.)

SOURCE

Sable Resources Ltd.

View original content with multimedia:

http://www.newswire.ca/en/releases/archive/August2018/14/c7281.html

%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 07:00e 14-AUG-18

← Back to feed