Sable Intersects 514g/t AgEq over 12.4m including 902g/t AgEq over 4.1m
Sable Intersects 514g/t AgEq over 12.4m
including 902g/t AgEq over 4.1m
TORONTO
,
Aug. 7, 2018
/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is
pleased to announce results from the third drill hole targeting the Margarita Vein in its ongoing 12-
hole drill program at the Margarita Project, Chihuahua State,
Mexico
. Hole M-DDH-18-06 is located
between previously released holes M-DDH-18-04 and M-DDH-18-05 (Sable Press Release dated
July 26
2018) and confirms vein continuity between these two holes over a distance of
500m
. M-
DDH-18-06 intersected the Margarita Vein at a depth of 40 meters from surface and returned a
weighted average grade of 514g/t AgEq over an intercept of 12.4 meters. 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.
Margarita Project Map (CNW Group/Sable Resources Ltd.)
Highlights from Hole M-DDH-18-06
514g/t
AgEq over
12.4m
from
40.95m
to 53.35m
Including
902g/t
AgEq over
4.1m
from
42.7m
to
46.8m
Which includes
1048g/t
AgEq over
1m
from
43.7m
to
44.7m
and
1035g/t
AgEq over
1.05m
from 45.75 to
46.8m
Holes M-DDH-07, 08, 09, 10 and 11 have been completed and are awaiting results. Similar vein
textures have been intersected in these holes across similar widths down to a depth of
100m
from
surface. M-DDH-12 is currently underway.
"We are greatly encouraged by the robust width and grade intersected in hole 6, confirming the
Margarita vein continuity for
500m
", commented Ruben Padilla, VP Exploration of Sable Resources.
"Results for pending holes which test the Margarita structure further at depth and along strike are
expected shortly."
Silver equivalent is calculated based on based on
USD15
.50per Oz for Silver,
USD 0.95
per pound
for Lead and
USD1.20
per pound for Zinc.
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
.
About Sable Resources Ltd.
Sable owns numerous mineral projects in
British Columbia, Canada
,
Mexico
, and
Argentina
including
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. In addition to that, Sable's activity in
Argentina
includes
developing the Don Julio high sulphidation epithermal project in the
San Juan Province
.
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
To
Core Length
Ag (g/t)
Pb (%)
Zn (%)
AgEq (g/t)
M-DDH-06
40.95
53.35
12.4
445.65*
0.70*
1.04*
514.035*
Including
40.95
41.8
0.85
504
1.05
0.913
596.6
and
41.8
42.7
0.9
427
0.291
0.509
466.25
42.7
43.7
1.0
604
2.51
1.285
777.71
43.7
44.7
1.0
859
1.64
2.26
1047.9
44.7
45.75
1.05
637
0.847
1.455
749.84
45.75
46.8
1.05
879
0.579
2.47
1034.46
46.8
47.8
1.0
208
0.1295
0.283
228.47
47.8
48.8
1.0
457
0.217
0.521
283.78
48.8
49.8
1.0
342
0.908
1.135
440.42
49.8
50.8
1.0
304
0.389
1.31
389.89
50.8
51.85
1.05
246
0.12
0.381
271.27
51.85
52.35
0.5
9.71
0.0106
0.576
13.21
52.35
53.35
1.0
84.4
0.1385
0.263
104.18
* Weighted average composites. All other intervals are actual results.
Drill Hole Orientations
Hole ID
Trend
Plunge
M-DDH-06
045
-45
Margarita Hole 6 Section (CNW Group/Sable Resources Ltd.)
SOURCE
Sable Resources Ltd.
View original content with multimedia:
http://www.newswire.ca/en/releases/archive/August2018/07/c6018.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 10:10e 07-AUG-18