Sable Receives Best Intercepts and Grades to date at Margarita, Extends Mineralised Corridor 350m to NW
Sable Receives Best Intercepts and Grades to
date at Margarita, Extends Mineralised
Corridor 350m to NW
TORONTO
,
April 2, 2019
/CNW/ - Sable Resources (TSXV: SAE) (the "Company" or "Sable") is
pleased to announce the drill results from drillholes M-DDH-19-24 from the company's active Stage
II 19-hole drill program targeting the Margarita Vein and including the first exploration drillholes in
four other veins identified at the Margarita Project, Chihuahua State,
Mexico
.
Drillholes M-DDH-19-24 is located on the same section line as previously released deep drillhole M-
DDH-18-03, approximately
350m
northwest of holes M-DDH-18-11 and M-DDH-18-12.
Highlights
177.05 g/t AgEq (116.93 g/t Ag; 0.7% Zn; 0.21% Pb; 0.17 g/t Au) over
37.35m
from 74.70 to
112.05m
Including
391.3 g/t AgEq (353 g/t Ag; 0.56% Zn; 0.12% Pb) over
0.9m
from 94.30 to
95.20m
And
688.90 g/t AgEq (400.45 g/t Ag; 3.0% Zn; 1.09% Pb; 1.07 g/t Au) over
5.5m
from 102.70 to
108.25m
Including
1122.16 g/t AgEq (789.75 g/t Ag; 0.37%Zn; 2.04% Pb; 2.92 g/t Au) over
1.65m
from 102.70 to
104.35m
Ruben Padilla
, Vice President of Exploration for Sable Commented: "Hole 24 returned our best
results to date with some of our highest silver, gold and zinc grades across a large intercept. This
hole was intended to test close to surface mineralisation above low-grade mineralisation intercepted
at depth in Hole 3 and we are delighted at hitting such strong, thick mineralisation."
True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill
results, location plan and sections are available from the Sable website (sableresources.com). Silver
equivalent is calculated based on
USD15.50
per ounce for Silver,
USD 0.95
per pound for Lead and
USD1.20
per pound for Zinc and
USD1200
for gold with 100% recovery.
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. Hosted in Eocene-Oligocene Volcanics, Margarita is
defined by 4 veins; Margarita, El Caido, Juliana and Maria on 2 claims encompassed by
Sunshine
Silver
.
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.
Sample Preparation and QAQC
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).
Qualified Person
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
SOURCE
Sable Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/April2019/02/c0769.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 02-APR-19