Sable Receives 4,552 g/t Silver Equivalent (3,840 g/t Ag; 19.8% Pb; 0.56% Cu) at El Fierro, Extends La Verde Vein Zone to 4.1 km Length
Sable Receives 4,552 g/t Silver Equivalent
(3,840 g/t Ag; 19.8% Pb; 0.56% Cu) at El Fierro,
Extends La Verde Vein Zone to 4.1 km Length
VANCOUVER, BC
,
March 4, 2021
/CNW/ - Sable Resources Ltd. ("Sable" or the "Company")
(TSXV: SAE) (OTCQB: SBLRF) is pleased to announce that it has received new results from vein
extensions and newly identified structures at the La Verde zone located on the El Fierro Project (see
Figure 1). El Fierro is a historical artisanal silver-rich mining district located 250 km northwest of
San Juan city and 120 km of Sable's Don Julio Project. Sable is currently advancing the first drill
campaign ever conducted on the property.
Key Points
Today's release discloses results from the second surface sampling campaign of 51 samples
Best results received were 4,552 g/t AgEq (3,840 g/t Ag, 19.8% Pb, and 0.56% Cu) from the
Verde vein
Surface mapping and trenching has now increased the Verde trend from
1,000m
to
4,100m
,
including the main Verde vein which has been extended to 2.2km along strike
Drilling at La Verde will commence in March with 10 holes planned to test vertical extent
La Verde is one of three vein zones that comprise the 8km by 5.5 km El Fierro Vein Field
Results from the first reconnaissance visit to La Verde were released on
September 30, 2020
.
During that visit, eight rock samples were collected with all values assaying more than 100 g/t Ag,
and returning Silver Equivalent (AgEq) values up to 2.582 g/t AgEq (784 g/t Ag; 16.7 g/t Au; 3.42%
Pb; 0.3% Zn; and 0.3% Cu grab sample).
In
October 2020
, the Company built road access, advanced geological mapping, undertook
additional rock sampling (51 additional samples) and finalized a geophysical program.
Of the 59 rock samples that have been collected at La Verde, 18 samples show values higher than
500 g/t AgEq and 11 samples have values above 1,000 g/t Ag Eq with the highest value being 4,552
g/t AgEq (3,840 g/t Ag, 19.8% Pb, and 0.56% Cu) from the Verde vein (see Figures 3 to 5).
"La Verde is growing rapidly and showing very good potential with excellent vein continuity and
consistent high-grades. In a short period of time, we have increased the strike length of known
veins from one kilometre to over four kilometres," stated Dr.
Ruben Padilla
, President and CEO of
Sable, who added, "We are looking forward to drill testing these veins to confirm their vertical
extensions."
Highlights
The table below includes highlighted results from all rock samples from La Verde area.
Sample
Type
Size
AgEq (g/t)
Ag (g/t)
Au (g/t)
Cu %
Pb %
Zn %
E04077
Grab
4552.22
3840
0.045
0.557
19.8
0.0861
E13744
Grab
2581.98
784
16.7
2.54
3.42
0.302
E13743
Grab
1913.36
900
2.57
1.22
20
0.186
E13741
Grab
1631.33
444
1.23
2.91
20
2.72
E04152
Channel
0.9
1545.32
938
0.57
0.85
13.35
0.683
E13742
Grab
1502.03
339
3.11
0.941
20
3.43
E10990
Channel
0.55
1357.69
422
1.875
0.534
20
1.495
E13746
Grab
1342.36
736
4.52
1.22
2.43
0.396
E13748
Channel
0.50
1245.42
256
3.38
0.277
20
0.411
E04153
Channel
0.65
1215.19
779
2.37
0.509
3.47
1.655
E13747
Channel
1.0
1103.17
353
0.505
0.343
19.9
0.363
E13644
Grab
992.53
192
6.82
1.93
0.655
0.0778
E13749
Channel
0.20
971.48
269
0.236
0.1735
20
0.1155
E04083
Grab
895.77
128
1.03
0.206
20
0.0185
E04041
Grab
816.98
74.1
1.83
0.226
16.85
0.235
E13745
Channel
1.0
640.34
248
1.86
0.373
5
0.762
E04086
Channel
0.30
636.80
84.2
0.21
0.0448
16
0.1825
E04085
Grab
617.00
128
1.68
0.157
10.05
0.0314
E04040
Grab
499.61
14.9
4.8
0.138
1.27
0.618
E13750
Grab
499.36
121
1.545
0.433
5.95
0.15
E04047
Grab
474.88
264
0.248
0.229
0.563
3.55
E04039
Grab
391.94
37.1
0.615
0.0929
9.2
0.0852
E10995
Grab
0.2
354.91
317
0.233
0.1385
0.107
0.0208
E04079
Grab
351.26
43.8
1.77
0.134
3.02
1.09
E04081
Channel
0.4
308.25
64.1
1.19
0.0866
3.9
0.382
E13643
Grab
266.72
43.7
2.43
0.0941
0.585
0.0237
E10989
Grab
0.3
244.05
15.7
1.075
0.066
1.43
2.2
E13647
Grab
230.33
22.9
0.17
0.0517
5.86
0.0714
E04045
Grab
225.18
104
0.058
0.089
1.67
1.48
E04044
Grab
208.65
116
0.193
0.172
1.245
0.41
E04076
Grab
188.93
100
0.051
0.259
1.465
0.207
E04042
Grab
170.07
14.6
0.524
0.0565
2.93
0.361
E04080
Grab
131.15
42.3
0.239
0.205
1.155
0.211
E04043
Grab
123.18
27.1
0.007
0.0113
1.615
1.035
E04052
Grab
118.97
36.6
0.533
0.1355
0.702
0.0716
Recent field work during the second
Verde Zone
campaign significantly extended the extent of the
known veins. The Main Verde Vein can now be traced for 2.2 km along strike, the subparallel Rosa
vein has been mapped continuously for
800m
; and the Azul vein can be traced for
250m
. Recent
mapping also identified three new veins - the Negra, Lagunitas and Blanca vein. The Negra vein is a
splay of the Verde vein that is continuous for
430m
. The Lagunitas vein is a NNE structure located
1.1 km north of the Verde vein and can be traced as subcrops for
340m
and the Blanca vein is a
north-south structure located 1.6km south of the Verde vein that can be traced for
130m
along strike
(see Figure 2). Mineralization at La Verde consists of quartz-barite epithermal veins with galena,
sphalerite, pyrite, chalcopyrite, and tennantite. The veins are hosted by Miocene volcaniclastic
rocks.
Trenching and additional sampling is ongoing on the known structures as well as over several
geophysical targets. Drilling at La Verde is planned in ten short holes to test the main mineralized
zones however additional holes may be drilled on the new extensions and new veins.
The Company notes that selected grab samples included in the table above and highlighted in the
Figures below are not necessarily representative of the mineralization hosted at El Fierro. Some
veins are fully or partially covered by quaternary talus gravels. Channel samples are always taken
perpendicular to structures and therefore represent true width. Maps 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 17.89 per oz for silver; USD 1,500 per oz for
gold; USD 0.86 per pound for lead; USD 1.08 per pound for zinc; and USD 2.80 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.
Figure 1. Location of the La Verde zone in relation to the El Fierro Project (CNW Group/Sable
Resources Ltd.)
Figure 1. Location of the La Verde zone in relation to the El Fierro Project
Figure 2. Location of the main Verde zone and new structures: Lagunitas and Blanca veins. (CNW
Group/Sable Resources Ltd.)
Figure 2. Location of the main Verde zone and new structures: Lagunitas and Blanca veins.
Figure 3. IP-PC (Polarizable Conductive factor) and distribution of AgEq values along the Verde,
Rosa, and Azul veins. Samples from the newly discovered Negra vein are still pending. (CNW
Group/Sable Resources Ltd.)
Figure 3. IP-PC (Polarizable Conductive factor) and distribution of AgEq values along the
Verde, Rosa, and Azul veins. Samples from the newly discovered Negra vein are still
pending.
Figure 4. Distribution of AgEq values along the recently discovered Blanca Vein (CNW Group/Sable
Resources Ltd.)
Figure 4. Distribution of AgEq values along the recently discovered
Blanca Vein
Figure 5. Distribution of AgEq values along the recently discovered Lagunitas Vein (CNW
Group/Sable Resources Ltd.)
Figure 5. Distribution of AgEq values along the recently discovered Lagunitas Vein
Sable is providing an opportunity for shareholders and other interested parties to participate in a
Webinar to be held at
4 pm ET on Tuesday
, March 9, 2021. To register, please click on the
following link -
https://zoom.us/webinar/register/WN_eY5I6EiXSnGx3Otw_a9yCQ
.
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 5.5km. 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 decade; 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 (109,055 ha)
incorporating the Don Julio, El Fierro, 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.
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/March2021/04/c6814.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 04-MAR-21