Sable Resources Ltd - Exploration Update
PRESS RELEASE
FOR IMMEDIATE RELEASE
Sable Resources Ltd - Exploration Update
March 20 , 2018 (Vancouver, BC) Sable Resources Ltd ("Sable" or the "Company") (TSXV :SAE) is
pleased to provide an exploration update on it s three active precious metal exploration projects: the high
sulphidation Don Julio gold project in San Juan Province, Argentina ; the low-intermediate sulphidation
Margarita Silver Project in Chihuahua State, Mexico; and, the Tulox, intrusion related gold system located
in southern central British Columbia, Canada. All projects are at or close to initial drill stage.
Don Julio Project, El Indio Gold Belt
Extensive fieldwork has been completed on the Don Julio project since e ntering into the binding letter of
intent (Sable press rel ease February 9, 2018) . Detailed lithological and alteration mapping has defined 6
target areas, Heaven Hill, Esperanza, Moro, Punta Cana , San Gabriel and Amarillo. Targets exhibit
widespread hydrothermal brecciation, volcanic intrusive domes and coincident advanced argillic alteration
defined by alunite + dickite -kaolinite-quartz-vuggy silica and minor quartz -alunite. Results from 300
systematic rock chip samples are expected to be received by the end of the month.
The Project, which has been privately held since 1990, is located 60km south-east from Barrick’s Alturas
Project which contains an inferred resource of 211 million tonnes grading 1.00 g/t gold for a 6.8 million
ounce gold resource (Barrick’s Fourth Quarter and Year-End 2016 Report).
The Heaven Hill, Esperanza, Moro, San Gabriel and Punta Cana targets have not previously been drilled.
Margarita Project, Mexico
Sable is please to announce that it has received the permit to conduct drilling on the Margarit a project.
Additionally the company has successfully negotiated a land access agreement with the projects surface
landholder. Sable is planning to conduct a drill program consisting of approximately 4000m in 11 holes to
explore for economic mineralization and test the Margarita veins at depths of 200-400m below surface. The
initial drill program includes 6 priority 1 holes for a total of 1,780m and 5 priority 2 holes for a total
of 2,245m designed to test previously reported channel samples ranging from 100-900g/t silver (Sable press
release January 16, 2018). Drilling is expected to begin in early April.
The Margarita Project consists of partially outcropping silver bearing epithermal quartz veins on two
mining exploration licenses totalling 125 hectares with an approximate strike length of 1.7 kilometres, and
is fully surrounded by Sunshine Silver Mine Corporation’s Los Gatos Project. The Los Gatos deposit
contains measured and indicated resource of 9.2 million Tonnes grading 289 ppm silver, 5.7% zinc, 2.8%
lead, and 0.36 ppm gold for a resource of 178 mi llion ounces silver -equivalent (Sunshine Silver Mining
and Refining website published 43-101 report titled: Feasibility Study of the Cerro Los Gatos Silver -Zinc-
Lead Deposit Los Gatos Project, January 2017). Sable has entered a definitive option agreement (the
“Agreement”) to obtain a 100% interest in the Project as previously disclosed in the Company’s June 2,
2017 news release.
The Margarita Project has not previously been drilled.
Tulox Project, BC
Sable confirms it has submitted a Notice of Work and received a Mineral & Coal Activities and Reclamation
Permit from the British Columbia Ministry of Energy, Mines, and Petroleum Resources for Exploration
Surface Drilling at it's 100% owned 5,438 hectare Tulox gold project. Additionally the Company has
completed an Archeological Overview Assessment conducted by Archeological Consultants, Archer CRM
Partnership of Prince George BC.
Sable is planning to conduct 2500m of drilling at Tulox consisting of 3 fences of 3 hole s to test a gold in
soil anomaly defined by a cluster of soil samples ranging from 0.1g/t to 0.752 g/t.
The Tulox project has not previously been drilled.
Sable Resources Ltd. Is fully funded to carry out all of it’s exploration programs through to the end of 2018.
For more information:
Tom Obradovich, President & Chief Executive Officer
Tel (416) 985-7140
Or visit http://www.sableresources.com
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the meaning of
applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate",
"may", "might", "will", "project", "should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information and/or statements. Forward-looking statements and/or
information are based on a number of material factors, expectations and/or assumptions of Sable which
have been used to develop such statements and/or information but which may prove to be incorrect.
Although Sable believes that the expectations reflected in such forward-looking statements and/or
information are reasonable, undue reliance should not be placed on forward-looking statements as Sable
can give no assurance that such expectations will prove to be correct. In addition to other factors and
assumptions which may be identified herein, assumptions have been made regarding, among other things,
the receipt of final regulatory approvals for the Option and proposed exploration plans for, and potential
mineralization on, the Project. The forward-looking information and statements included in this news
release are not guarantees of future performance and should not be unduly relied upon. Such information
and/or statements, including the assumptions made in respect thereof, involve known and unknown risks,
uncertainties and other factors that may cause actual results and/or events to differ materially from those
anticipated in such forward-looking information and/or statements including, without limitation the
uncertainty of obtaining all applicable regulatory approvals, and/or certain other risks detailed from
time-to-time in Sable’s public disclosure documents. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release and Sable does not undertake
any obligations to publicly update and/or revise any of the included forward-looking statements, whether
as a result of additional information, future events and/or otherwise, except as may be required by
applicable securities laws.
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 and/or accuracy of this
release.