SAE.V · 2020-09-15 12:00:00

Sable Receives up to 1,946.5 g/t Silver Equivalent from 0.25 m Channel Sample from Fierro Alto Zone

Drill Results Exploration Programs Sampling & Geoscience Results

Sable Receives up to 1,946.5 g/t Silver

Equivalent from 0.25 m Channel Sample from

Fierro Alto Zone

VANCOUVER

Sept. 15, 2020

/CNW/ - Sable Resources Ltd. ("Sable" or the "Company") (TSXV:

SAE) is pleased to announce that it has received new results from the Fierro Alto zone at the El

Fierro project in San Juan Argentina. More than 1.2 km of veining was mapped at Fierro Alto,

defining two parallel structures (F vein and G vein) each outcropping for over 500 metres and three

additional high-grade structures (J vein, K vein, and L vein) that will require further trenching for

definition along strike. The Fierro Alto zone is located 6 km west of the Fierro Bajo zone where high-

grade results were previously released by the Company (see Sable press release of

August 12,

2020

Highlighted Results:

K Vein

1,475.07 g/t AgEq (685 g/t Ag; 20% Pb; 1.56 g/t Au) Grab sample

979.94 g/t AgEq (329 g/t Ag; 16.8% Pb; 0.89 g/t Au; 0.21% Cu) Grab sample

F Vein – North Branch

513.34 g/t AgEq (145 g/t Ag; 8.76% Pb; 0.258 g/t Au; 1.4% Zn) Channel sample over

0.6m

1,300.40 g/t AgEq (529 g/t Ag; 20% Pb; 0.673 g/t Au; 0.542% Zn; 0.31% Cu) Grab sample

F Vein –

South Branch

750.2 g/t AgEq (292 g/t Ag; 7.41% Pb; 2.15 g/t Au; 0.368% Zn; 0.17% Cu) Channel sample

over

0.35m

1,407.97 g/t AgEq (516 g/t Ag; 20% Pb; 2.45 g/t Au; 0.169% Zn; 0.189% Cu) Channel sample

over

0.2m

G Vein

1,946.50 g/t AgEq (1,070 g/t Ag; 20% Pb; 0.38 g/t Au; 1.03% Zn; 1.33% Cu) Channel sample

over

0.25m

430.19 g/t AgEq (129 g/t Ag; 3.21% Pb; 1.94 g/t Au; 0.22% Zn; 0.22% Cu) Channel sample

over

0.45m

360.51 g/t AgEq (76.4 g/t Ag; 2.47% Pb; 2.04 g/t Au; 0.22% Zn; 0.21% Cu) Grab sample

276.12 g/t AgEq (50.3 g/t Ag; 1.36% Pb; 2.05 g/t Au; 0.22% Zn) Channel sample over

0.40m

243.48 g/t AgEq (105 g/t Ag; 0.75% Pb; 0.371 g/t Au; 0.83% Zn; 0.45% Cu) Grab sample

57.84 g/t AgEq (8.6 g/t Ag; 0.584% Pb; 0.212 g/t Au; 0.295% Zn) Channel sample over

0.9m

112.86 g/t AgEq (17.05 g/t Ag; 0.927% Pb; 0.599 g/t Au; 0.363% Zn) Channel sample over

1.7m

L Vein

515.95 g/t AgEq (86.6 g/t Ag; 12.3% Pb; 0.058 g/t Au; 0.46% Zn) Channel sample over

0.25m

J Vein

1,150.13 g/t AgEq (445 g/t Ag; 20% Pb; 0.547 g/t Au) Grab sample

Ruben Padilla

, President and CEO of Sable commented, "These results confirm a second, well-

developed, high-grade vein zone at the El Fierro Project, with similar mineralisation to that identified

at Fierro Bajo six kilometres away. We consider these areas to be part of a larger gold-silver

mineralized district and preparations are currently underway to complete a geophysical survey to

define additional vein networks both adjacent to and along strike the current project areas."

Work completed at Fierro Alto consisted of 1:5,000 geological mapping and collection of 89 rock

samples which are presented in Table 1. Mineralization at Fierro Alto is associated with sericite-

silica-sulphide veins hosted within Carboniferous schists and Miocene ignimbrite flows. Results from

the 89 samples show individual values up to 1,070 g/t Ag; 3.57 g/t Au; 1.4% Zn; and multiple values

between 5% and 20% Pb, including five with >20% Pb.

The Company notes that selected grab samples are not necessarily representative of the

mineralization hosted at El Fierro. The channel samples highlighted above have been taken from

accessible places where the veins were not fully mined; grab samples were collected from waste

piles outside of the adits.

Maps and tables with the details of highlighted results are available on Sable's website (

www.sableresources.com

). Silver equivalent is calculated considering a 100% recovery and based

on prices of

USD17.89

per Oz for Silver;

USD 1,500

per Oz for Gold;

USD0.86

per pound for Lead;

USD1.08

per pound for Zinc; and

USD2.80

per pound for Copper; when a width is shown in the

results, the samples are channels perpendicular to the structures representing true width.

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 two main known mineralized areas, Fierro Alto and Fierro

Bajo over a trend of 6 km. Both areas host a significant number of old 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 recently signed two option agreements covering 6,054 hectares and

the Company controls all the historically known mineralized zones at El Fierro (Sable PR,

May 14

2020).

Sable is providing an opportunity for shareholders and other interested parties to participate in a

Webinar to be held at

4 pm ET on Thursday

, September 17. Register in advance for the Webinar

https://zoom.us/webinar/register/WN_P3peFTnuSxmcs2DnZ8AxUg

. After registering you will

receive a confirmation email containing information about joining the Webinar.

ABOUT SABLE RESOURCES LTD.

Sable (

sableresources.com

) 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 stage utilizing their Upper Level Epithermal Strategy. Sable is

actively exploring the San Juan Regional Program (68,718ha) incorporating the Don Julio Project and

the El Fierro Project in San Juan Province,

Argentina

; the Mexico Regional Program (1.16Mha in

application, 39,000ha titled) incorporating the Margarita, Vinata and El Escarpe projects; and the

Scorpius Project in Ayacucho,

Peru

Figure 1. Significant results at El Fierro Alto zone (CNW Group/Sable Resources Ltd.)

Figure 2. Total sampling at Fierro Bajo and Fierro Alto zones with Ag values (CNW Group/Sable

Resources Ltd.)

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-GRA21 which includes Fire Assay with gravimetric finish is applied when Ag exceeds

1,500 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.

Complete Results

Sample

Northing

Easting

Elevation

Type

Size (m)

Structure

Ag_ppm

Au_ppm

Cu_ppm

Pb_ppm

Zn_ppm

E13242

6742539

2453361

4253

Channel

Vein F

0.022

989

1,140

E13243

6742534

2453355

4252

Channel

1.6

Vein F

3.8

0.047

2,240

819

E13244

6742513

2453271

4287

Channel

0.6

Vein F

1.6

0.001

405

366

1,440

E13245

6742501

2453241

4302

Channel

Vein F

2.7

0.04

126

2,160

1,050

E13246

6742489

2453211

4306

Channel

1.1

Vein F

0.9

0.01

182

660

1,210

E13248

6742484

2453212

4341

Grab

Vein F

3.57

914

44,300

1,500

E13249

6742470

2453136

4329

Channel

0.8

Vein F

0.8

0.009

400

455

E13250

6742472

2453131

4335

Channel

0.8

Vein F

0.005

1,150

994

E13251

6742372

2453716

4331

Channel

1.2

Vein L

0.6

0.008

235

E13252

6742587

2453620

4208

Panel

1.8

Vein L

0.3

0.003

207

254

E13253

6742571

2453586

4219

Channel

1.7

Vein L

1.3

0.003

780

1,520

E13254

6742567

2453509

4240

Channel

0.3

Vein L

0.307

143

24,000

739

E13256

6742700

2453438

4274

Channel

0.6

8.4

0.2

110

2,520

978

E13257

6742700

2453438

4274

Channel

0.5

0.469

171

5,790

1,420

E13258

6742701

2453438

4274

Channel

0.8

0.008

173

795

E13259

6742703

2453438

4274

Channel

1.4

0.01

699

E13260

6742705

2453438

4274

Channel

0.4

0.004

207

E13262

6742707

2453441

4274

Channel

0.6

0.018

328

518

E13263

6742708

2453441

4274

Channel

0.2

1.8

0.312

3,520

1,430

E13264

6742735

2453445

4283

Grab

7.7

0.009

690

E13265

6742721

2453322

4302

Grab

6.7

0.013

184

3,050

801

E13266

6742752

2453300

4315

Grab

0.2

0.057

E13267

6742810

2453119

4366

Channel

0.3

0.01

186

3,380

156

E13268

6742827

2453075

4378

Grab

0.1

0.037

261

E13270

6742882

2452840

4431

Grab

0.5

0.002

E13271

6743295

2452875

4525

Grab

Vein J

1.7

0.018

1,000

126

E13272

6743295

2452871

4525

Grab

Vein J

445

0.547

422

200,000

161

Sample

Northing

Easting

Elevation

Type

Size (m)

Structure

Ag_ppm

Au_ppm

Cu_ppm

Pb_ppm

Zn_ppm

E13273

6743217

2453302

4489

Grab

1.6

0.072

105

1,890

342

E13274

6743194

2453372

4505

Grab

5.3

0.408

414

316

E13275

6743159

2453461

4531

Grab

1.2

0.016

492

E13279

6742447

2453069

4358

Channel

0.9

Vein F

1.3

0.01

1,740

1,365

E13281

6742480

2453007

4372

Grab

Vein F

529

0.673

3,110

200,000

5,420

E13282

6742482

2452985

4375

Channel

0.6

Vein F

145

0.258

460

87,600

14,000

E13283

6742484

2452923

4389

Channel

1.1

Vein F

0.3

0.003

116

E13284

6742429

2452974

4378

Channel

1.6

Vein F

4.3

0.114

1,920

1,025

E13285

6742433

2452986

4364

Channel

0.35

Vein F

292

2.15

1,720

74,100

3,680

E13287

6742430

2453004

4362

Channel

0.2

Vein F

516

2.45

1,890

200,000

1,695

E13288

6742430

2453015

4362

Channel

0.4

Vein F

5.2

0.035

125

1,770

1,070

E13289

6742429

2453015

4362

Channel

1.6

Vein F

0.023

413

2,060

E13290

6742411

2453280

4247

Channel

0.4

Vein G

50.3

2.05

551

13,600

2,290

E13291

6742412

2453287

4248

Channel

0.7

Vein G

0.5

0.005

248

1,130

E13292

6742400

2453251

4260

Channel

0.45

Vein G

129

1.945

2,210

32,100

2,210

E13293

6742387

2453162

4283

Channel

0.8

Vein G

33.2

1.265

589

17,150

1,940

E13294

6742386

2453165

4279

Channel

0.9

Vein G

2.7

0.007

102

2,270

5,140

E13296

6742382

2453146

4287

Channel

0.9

Vein G

8.6

0.212

262

5,840

2,950

E13297

6742413

2453348

4246

Channel

0.25

Vein G

1070

0.38

13,350

200,000

10,300

E13298

6742402

2453413

4265

Grab

Vein G

76.4

2.04

2,170

24,700

2,220

E13299

6742368

2453546

4293

Grab

Vein G

105

0.371

4,520

7,530

8,300

E13300

6742366

2453695

4331

Channel

1.5

0.5

0.003

219

E13701

6743271

2453541

4577

Grab

Vein K

329

0.889

2,150

168,000

645

E13702

6743292

2453486

4584

Grab

Vein K

685

1.56

280

200,000

402

E13703

6743288

2453498

4586

Channel

1.8

Vein K

2.5

0.023

2,770

666

E13704

6743366

2454662

4600

Grab

1.2

0.006

415

E13705

6743322

2454543

4547

Grab

1.8

0.009

588

E13706

6743164

2454462

4429

Grab

0.1

0.003

123

Sample

Northing

Easting

Elevation

Type

Size (m)

Structure

Ag_ppm

Au_ppm

Cu_ppm

Pb_ppm

Zn_ppm

E13708

6742665

2453493

4307

Channel

3.7

0.092

1260

E13709

6742701

2453507

4312

Panel

0.2

0.004

185

E13710

6742725

2453518

4325

Panel

1.1

0.002

1,010

E13711

6742812

2453532

4345

Grab

0.328

333

E13712

6742873

2453562

4363

Channel

0.5

1.5

0.103

902

296

E13713

6742995

2453568

4421

Channel

0.4

0.2

0.003

235

2,560

E13714

6743024

2453579

4437

Grab

0.4

0.04

E13716

6742995

2453504

4434

Grab

0.1

0.011

E13717

6742953

2453623

4352

Grab

2.9

0.076

946

100

E13718

6742956

2453725

4373

Grab

0.6

0.041

160

251

E13719

6743098

2454045

4348

Grab

12.8

0.093

916

165

E13720

6743096

2454044

4347

Grab

9.3

0.118

564

E13721

6743090

2454075

4345

Grab

0.019

623

541

E13722

6742342

2453324

4288

Channel

1.1

0.1

0.002

120

E13723

6742266

2453256

4317

Grab

0.4

0.006

E13724

6742213

2453205

4330

Channel

0.4

0.7

0.046

290

503

E13726

6742108

2453117

4374

Grab

0.1

0.0005

E13727

6741880

2452986

4478

Grab

0.1

0.001

E13728

6741690

2452876

4535

Grab

0.1

0.0005

E13729

6741629

2452844

4552

Grab

0.3

0.0005

115

E13730

6741456

2452781

4623

Channel

0.4

0.0005

424

138

E13731

6741588

2451666

4491

Grab

0.002

E13733

6741028

2451594

4507

Grab

0.1

0.001

249

192

E13734

6742451

2454977

4114

Grab

1.6

0.004

E13735

6742135

2456453

3981

Grab

1.3

0.046

E13736

6742518

2457179

3871

Grab

47.5

0.164

796

175

171

E13737

6742913

2457489

3828

Grab

20.8

0.046

1,195

394

1,625

E13751

6741938

2452297

4415

Grab

0.1

0.001

225

Sample

Northing

Easting

Elevation

Type

Size (m)

Structure

Ag_ppm

Au_ppm

Cu_ppm

Pb_ppm

Zn_ppm

E13752

6741967

2452266

4425

Grab

2.4

0.005

3,110

542

E13753

6741957

2452216

4430

Channel

0.25

86.6

0.058

874

123,500

4,640

E13754

6741966

2452192

4429

Channel

1.2

3.3

0.007

190

3,620

1,795

E13756

6741438

2452406

4439

Grab

0.2

0.0005

172

103

E13757

6742602

2454085

4209

Grab

2.1

0.023

299

376

E13758

6742622

2454040

4207

Panel

0.7

0.003

SOURCE

Sable Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2020/15/c7939.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 15-SEP-20

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