Sable Receives Drillhole Results from Don Julio
Sable Receives Drillhole Results from Don
Julio
TORONTO
,
Feb. 15, 2019
/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable")
reports that the company has received full assay results from the company's recently completed 11
drillhole,
3072m
program at the Don Julio High-Sulphidation Gold Project located in
San Juan
Province
,
Argentina
. Don Julio is one of 6 active or planned drill projects in the Sable portfolio for
2019. No significant results were intercepted. Sable will now take stock of results to plan a way
forward at Don Julio and prioritize with our Lodo,
San Gabriel
and newly defined
Colorado
drill
targets in
Argentina
, Scorpius Project in
Peru
plus Margarita and Vinata drill projects in
Mexico
.
5 holes drilled at the Heaven Hill target were designed to test a potential silica blanket below a large
surface gold anomaly coincident with an extensive advanced argillic alteration signature. Six holes
drilled at the
Esperanza
target were designed to test possible transition of anomalous gold in
surface alteration into vuggy silica at the contact of a volcanic dome with fragmental volcanic rocks.
Results from drilling were lower than anticipated with intercepts in alteration replicating surface
anomalism but not intercepting the targeted mineralized silica layers in either case.
"After our first drillholes at Heaven Hill and
Esperanza
we have gained an invaluable insight to the
geological complexity and local controls over mineralization of this large alteration and geochemical
anomaly." commented
Ruben Padilla
Vice President of Exploration for Sable. "Although we did not
intersect anticipated classic vuggy silica target blanket, we have identified a low angle mineral
control located at the contact between the basement Paleozoic siliciclastic rocks and the upper
Miocene fragmental volcanic rocks which we will investigate in due course. Inline with Sable's
exploration philosophy, since last September we are moving ahead with detail surface mapping at
district scale and we are incorporating all new knowledge, including the recent drill test, to guarantee
that the mineral potential of this large mineral system is fully evaluated to maximize chances of
discovery."
ABOUT THE DON JULIO PROJECT
The Don Julio Project is defined by an extensive 5km by 5km Miocene lithocap located in
the Cordillera Frontal of Argentina. The lithocap affects a package of fragmental volcanic rocks
intruded by dacitic domes and phreatic breccias associated with and affected by an advanced
argillic mineralizing event. A large anomalous precious metal footprint is coincident with the lithocap
and associated with the advanced argillic mineralizing event. Field evidence indicates that the erosion
level is high with high probability of preservation of a mineralized system. Sable is working in a
systematic way to model the hydrothermal up flow zones that will define drill targets at depth. Sable
believes Don Julio represents the southern extension of the prolific El Indio-Pascua Belt.
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.
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/February2019/15/c3399.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 15:00e 15-FEB-19