Sable Resources Receives 8.05g/t in Outcropping Vuggy Silica at Don Julio Project

Sable Resources Receives 8.05g/t in Outcropping Vuggy Silica at Don Julio

Project

TORONTO, April 16, 2018 /CNW/ - Sable Resources Ltd ("Sable") (TSXV: SAE) is pleased to announce

the first geochemical assay results from their ongoing Phase 2 rock sampling and detailed mapping

program at the Don Julio Project, San Juan Province, Argentina. A total of 237 results have been

received from sampling to delineate alteration footprints to aid targeting of mineralized zones at depth.

The majority of results are from the Heaven Hill (119 samples) and Esperanza (63 samples).

Au Satellite Image

Heaven Hill

The Heaven Hill target consists of a fragmental volcanic rock intruded by dacitic domes and extensive

quartz-alunite alteration cut by structures of advanced argillic alteration identified across a 1.8km by 400m

area. An illite-pyrite-silica zone anomalous in gold rims the west of the area. Hydrothermal breccias and a

series of radial silica-alunite-dickite ledges also cut the area. Of the 119 samples collected at Heaven Hill

to define the alteration footprint 65 returned values greater than 50ppb gold.

Key Gold Highlights from Heaven Hill (Vuggy Silica)

Sample Target Zone Sample Type Au (ppm)

E00168 Heaven Hill 1m channel 7.57

E00262 Heaven Hill 1m channel 7.01

E00171 Heaven Hill 1m channel 4.91

E00258 Heaven Hill 1m channel 2.05

Key Gold Highlights from Heaven Hill (Alteration)

Sample Target Zone Sample Type Au (ppm)

E00153 Heaven Hill 1m channel 0.505

E00304 Heaven Hill Float 0.337

E00174 Heaven Hill 1m channel 0.321

E00189 Heaven Hill 1m channel 0.32

E00206 Heaven Hill 1m channel 0.318

E00205 Heaven Hill 1m channel 0.317

E00100 Heaven Hill 1m channel 0.286

E00267 Heaven Hill 1m channel 0.264

E00167 Heaven Hill 1m channel 0.26

E00099 Heaven Hill 1m channel 0.241

E00229 Heaven Hill 1m channel 0.225

E00151 Heaven Hill 1m channel 0.222

Key Mercury Highlights from Heaven Hill (Alteration)

Sample Target Zone Sample Type Hg (ppm)

E00168 Heaven Hill 1m channel 100

E00171 Heaven Hill 1m channel 100

E00174 Heaven Hill 1m channel 100

E00246 Heaven Hill 1m channel 17.45

E00167 Heaven Hill 1m channel 16.8

E00242 Heaven Hill 1m channel 15.75

E00258 Heaven Hill 1m channel 10.9

E00259 Heaven Hill 1m channel 6.39

E00172 Heaven Hill 1m channel 5.4

E00166 Heaven Hill 1m channel 4.3

E00283 Heaven Hill 1m channel 2.26

E00175 Heaven Hill 1m channel 2.17

E00256 Heaven Hill 1m channel 1.98

E00247 Heaven Hill 1m channel 1.545

E00211 Heaven Hill 1m channel 1.225

E00241 Heaven Hill 1m channel 1.135

E00225 Heaven Hill 1m channel 1.055

Ruben Padilla, Sable Vice-President of Exploration commented "These results are in-line with the

expected values within the advanced argillic alteration system at Heaven Hill. This early work was done to

define the footprint of the alteration system and to determine how many drill targets we have to test. We

are greatly encouraged by the size of the alteration footprint and by the fact that more than 75% of our

samples returned anomalous values. High mercury values up to 100 ppm indicate we are still high in the

system and that the target zones have not been eroded. High-grade gold values in the vuggy silica and

breccia suggest we have a strongly mineralized system at depth."

Esperanza

The Esperanza target is part of a 1.6 x 0.5 km mineral center affected by two mineralizing events hosted

by the same fragmental volcanic rock observed in Heaven Hill cut by dacitic domes and phreatic breccias.

The phreatic breccias have rounded clasts of vuggy silica, enargite and other advanced argillic alteration

types. The system is overprinted by a second dickite-kaolinite advanced-argillic alteration event. Thirty of

the sixty-three alteration samples returned over 50ppb gold.

Key Gold Highlights from Esperanza (Alteration)

Sample Target Zone Sample Type Au (ppm)

E00058 Esperanza Float 1.665

E00032 Esperanza 1m channel 0.574

E00079 Esperanza 1m channel 0.572

E00007 Esperanza 1m channel 0.248

E00063 Esperanza 1m channel 0.219

E00062 Esperanza 2m channel 0.141

E00054 Esperanza 1m channel 0.137

E00022 Esperanza 1m channel 0.137

E00069 Esperanza 1m channel 0.131

E00017 Esperanza 1m channel 0.119

E00019 Esperanza 1m channel 0.109

Key Mercury Highlights from Esperanza (Alteration)

Sample Target Zone Sample Type Hg (ppm)

E00032 Esperanza 1m channel 7.61

E00034 Esperanza 1m channel 4.51

E00041 Esperanza 1m channel 3.66

E00027 Esperanza 1m channel 2.59

E00058 Esperanza Float 2.31

E00016 Esperanza 1m channel 1.675

E00014 Esperanza 1m channel 1.19

E00033 Esperanza 1m channel 1.04

"We are encouraged again by the robust nature of the gold values in the alteration system at Esperanza.

The observed overprinting advanced argillic event combined with the gold values indicates that we can

have multiple mineralizing pulses in this area" commented Ruben Padilla, Vice President of Exploration

for Sable.

The 237 samples discussed in this press release are the first part of a 500-sample rock chip campaign

accompanying ongoing detailed geological mapping of an area of 5x5 km that will build the geological

framework of the whole Don Julio project and will define drill targets in a systematic geological approach.

Maps and more detailed results of analysis can be obtained from the Sable website

(sableresources.com/investors/).

Quality Assurance – Quality Control

Sample preparation was carried out by ALS Argentina at their laboratory at Mendoza, Mendoza Province,

Argentina. Gold digestion and analysis was conducted in their laboratory in Santiago, with multi-element

and Mercury analysis conducted in their laboratories in Lima, Peru. 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 gram split to at least 85% passing

75 microns (code PREP-31).

Gold was analysed by fire assay of a 50 gram sample split with detection by atomic absorption

spectrophotometer (AAS) (code Au-AA24). Multi-elements were analysed 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 ME-ICP61). This digestion method

dissolves most minerals but not all elements are quantitatively extracted in some sample matrices.

Mercury was analysed by aqua regia digestion, cold vapour extraction, inductively coupled plasma mass

spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

Luis Arteaga (B.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.

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 greenfield projects to resource stage utilizing

their Upper Level Epithermal Strategy. Sable is actively exploring the San Juan Regional Program

(48,000ha) 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.

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.

We seek safe harbor

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Hg Satellite Image

SOURCE Sable Resources Ltd.

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http://www.newswire.ca/en/releases/archive/April2018/16/c3200.html

%SEDAR: 00008665E

For further information: Tom Obradovich, President & CEO, [email protected], Tel (416)

985-7140 Or visit http://www.sableresources.com

CO: Sable Resources Ltd.

CNW 04:00e 16-APR-18