Sable Resources Receives Final Phase 2 Surface Results from the Don Julio Project

Sable Resources Receives Final Phase 2 Surface Results from the Don Julio

Project

TORONTO, July 10, 2018 /CNW/ - Sable Resources Ltd ("Sable" the "Company") (TSXV: SAE) is

pleased to announce the receipt of the last pending geochemical assay results from the Phase 2 Drill

Target Definition Program at the Don Julio Project. Additional results were also received from initial Phase

1 reconnaissance in target areas located within the 35,000 hectare San Juan Regional Exploration

Program in San Juan Province, Argentina.

Table 1 shows the distribution of the rock chip samples taken in the Don Julio project during Phase 2 and

from reconnaissance work in other target zones located outside the Don Julio project area. In addition, 15

samples were taken for U-Pb, K-Ar radiometric age dating and whole rock geochemistry to constrain the

age of mineralizing events. Forty five percent of gold assays correspond to Heaven Hill and another 35%

are from other areas within the Don Julio cluster of anomalies. The remaining samples are from regional

targets located outside the Don Julio cluster.

Samples Distribution Target Area Location

221 45% Heaven Hill Don Julio

101 20% Esperanza Don Julio

45 9% Lodo San Juan Regional

42 8% Morro Don Julio

34 7% Ugold Don Julio

12 2% San Gabriel San Juan Regional

10 2% Amarillo Don Julio

30 6% QAQC

Total=495

Table 1. Distribution of collected rock sample by target area (Sable samples).

Ag values (CNW Group/Sable Resources Ltd.)

Samples were collected this year, accompanying detailed geological mapping over an area of 5 by 5

kilometers characterized by fragmental volcanic rocks, hydrothermal breccias and domes affected by

high-sulphidation epithermal alteration related to a volcanic caldera. The purpose of the sampling is to

test gold anomalism of alteration at surface and define drill targets interpreted to be 200-400m below the

surface alteration.

This press release relates to the results from a new batch of geochemical analysis from 149 surface rock-

chip samples. 59 of these new results are from the Heaven Hill target, 27 are from a new target zone

within the Don Julio Cluster call Ugold where initial Phase 1 work was conducted. The remaining samples

are from regional anomalies with 41 samples from the Lodo Prospect, and 12 samples from the Silver

Valley target zone.

59 sample results were received for the Heaven Hill area. 38 returned values over 50ppb Au and 24

samples showed values greater than 0.1g/t Au with important values of Mercury up to 71.6 g/t, similar to

results for the area. 27 samples were taken from the new target area Ugold from several silica ledge

structures. Only 2 samples returned with values of more than 0.1g/t Au. The target is considered low

priority at this point.

Key Gold and Other Key Elements Values Highlights from the Don Julio reported for the last

samples received (all in vuggy silica and breccia dikes structures)

Sample Target Zone Sample Type Au (ppm) As (ppm) Cu (ppm) Hg (ppm)

E00140 Esperanza 1m Channel 4.42 76 519 1.42

E00178 Esperanza 1m Channel 3.77 5400 4030 71.6

E00201 Heaven Hill 1m Channel 3.47 8730 25800 3.96

E00144 Esperanza Grab 2.42 3200 4360 1.1

E00137 Esperanza 1m Channel 0.473 153 97 0.083

E00149 Morro 1m Channel 0.459 152 48 0.61

E00139 Esperanza 1m Channel 0.315 691 351 0.042

E00150 Morro sur 1m Channel 0.307 79 19 0.064

E00179 Esperanza 1m Channel 0.221 54 151 0.199

E00404 Esperanza 1m Channel 0.192 601 43 1.83

E00141 Esperanza 1m Channel 0.171 43 136 0.088

E00186 Esperanza 1m Channel 0.151 34 15 0.045

E00147 Heaven Hill 5m Channel 0.134 45 40 0.023

E00135 Heaven Hill 1m Channel 0.127 40 13 0.057

Regional Sampling

Reviewed during the last 2 days of the field season, Silver Valley is a possible Intermediate Sulphidation

target located adjacent to the Don Julio cluster of anomalies. The area is characterized by an intense

silica-illite alteration in an area where historical samples with more than 500 g/t sliver are reported. Two of

the 12 samples collected also report gold anomalies of 0.1g/t Au, associated with anomalous silver and

mercury. This area needs further Phase 1 work to identify and review historical samples containing more

than 500g/t Ag.

The Lodo Prospect represents a kilometric clay-silica alteration zone co-incident with a northwest trending

regional fault. Two sectors; Lodo North and Lodo South were sampled in this preliminary program.

Twenty-five samples were collected at Lodo North over 2.8 kilometers by 100m wide area with 2 samples

reporting gold anomalies of 0.3g/t and 0.15 g/t, and up to 12g/t Ag in silica-kaolin alteration. Pathfinder

geochemistry indicates a high erosional level with Mercury values ranging from 0.1 to >3 ppm and arsenic

values from 100 of up to >500ppm. More work is required at Lodo to define drill targets at depth.

Quality Assurance – Quality Control

All samples were collected by Company representatives under the supervision of the Qualified Person

and transported directly by the company to the lab. Sample preparation was carried out by ALS Argentina

at their laboratory at Mendoza, Mendoza Province, Argentina. Gold, 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 analyzed by fire assay of a 50 gram sample split with detection by atomic absorption

spectrophotometer (AAS) (code Au-AA24). 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 ME-ICP61). 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, 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.

Au values (CNW Group/Sable Resources Ltd.)

Hg values (CNW Group/Sable Resources Ltd.)

SOURCE Sable Resources Ltd.

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For further information: Tom Obradovich, President & CEO, [email protected],

Tel (416) 985-7140; Or visit www.sableresources.com

CO: Sable Resources Ltd.

CNW 11:03e 10-JUL-18