Sable Resumes Drilling at Vinata, Acquires Drilling Permits for its Projects in Argentina and two Key Permits For Scorpius Project in Peru

Sable Resumes Drilling at Vinata, Acquires

Drilling Permits for its Projects in Argentina

and two Key Permits For Scorpius Project in

Peru

TORONTO

,

Jan. 7, 2020

/CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is

pleased to provide an update on the first round of exploration drilling at its Vinata project in

Mexico

and about the status of drilling permits for its projects in

Argentina

and

Peru

.

Sable completed

1753m

of core-drilling in six drillholes at Vinata North, geochemical results for 530

samples have been received from the first five drillholes. Based on the available results and the

presence of compelling geophysical anomalies, the company has opted to increase the drilling

program from

2000m

to

4000m

.

Surface sampling over

Vinata Norte

only returned a couple of values over 100 ppb Au associated to

As, Sb, and Hg anomalies on silica-carbonate veins. The available drilling data shows that the

mentioned silica-carbonate veins represent a late epithermal pulse that overprints a gently west-

dipping pervasive argillic alteration, constrained to a layer of felsic volcanic rocks, which returned

long intersects of low-grade gold anomalous values, with most of the samples consistently over the

detection limit. From the 254 samples taken on the altered felsic volcanic rocks, 187 samples

present anomalous values varying between 20 ppb and 1.1 g/t Au with an average value of 130 ppb

Au with associated significant As, Sb anomalies and some erratic Hg, Mo, Mn, and Ba anomalies.

The low-grade gold argillic stratabound alteration is open in every direction except toward the East.

Additional drilling will define the limits, geometry, and gold grade distribution of the argillic alteration.

The additional drilling will also test the existence of a high-grade feeder with more classic epithermal

boiling textures and dominated by illite, sericite, and adularia alteration. Additionally, some of the

drilling will test a couple of compelling MAG and CSAMT geophysical anomalies located below

quaternary gravels at Vinata North and

Vinata South

target zones. Drilling has resumed and will

continue over the next few months.

"The presence of this large halo of argillic alteration with anomalous gold values intercepted in

several of our drillholes strongly suggests that Vinata is a robust epithermal system that deserves

further drilling to understand it properly and to search for the possible occurrence of the actual

feeder of the system." commented

Ruben Padilla

, Sable's VP of Exploration

Highlights

MX-VIN-DDH-19-01

0.28 g/t Au over

51.3m

from 46.0 to

97.3m

Including

0.44 g/t Au over

30.3m

from 49.0 to

79.3m

MX-VIN-DDH-19-02

No significant intercepts

MX-VIN-DDH-19-03

0.079 g/t Au over

61.8m

from 6.85 to

68.65m

Including

0.24 g/t Au over

12.4m

from 6.85 to

19.25m

MX-VIN-DDH-19-04

0.063 g/t Au over

198.25m

from 0 to

198.25m

Including

0.24 g/t Au over

8.9m

from 43.8 to

52.7m

And

0.11 g/t Au over

22.1m

from 79.9 to

102.0m

MX-VIN-DDH-19-05

0.035 g/t Au over

30.45m

from 154.05 to

184.5m

Intercepts are considered to be true width for holes 1 and 5; 60% of true width for hole 3 and still

unknown for hole 4. Maps with drillholes location, section and tables with the details of highlighted

results are available on Sable's website (sableresources.com).

Sable Receives Drill Permits for

Argentina

and

Peru

The company has received drilling permits for six new targets discovered during the last field season

at its Don Julio Cluster Project in

Argentina

. Lodo,

Colorado

and

San Gabriel

are multi-kilometer

outcropping epithermal vein systems, Tocota and

La Gringa

are porphyry gold copper targets and

Fermin is a polymetallic skarn which has been mapped for over 1.2 km (See press release from

June 20

th

, 2019 at sableresources.com). Field work at the Don Julio cluster of targets resumed last

November including ground geophysics, additional mapping and sampling, and construction of road

access to proposed drill sites. In addition, Sable has also initiated the first field evaluation of pending

anomalies outside the Don Julio cluster.

The company is also pleased to announce that it has been granted a permit by the community of

Huancasancos near its Scorpius project in Ayacucho,

Peru

and that it has received the government

approval for the environmental impact assessment for Scorpius. This high sulphidation gold system is

scheduled to have all drill permits ready by the end of the second quarter of 2020.

ABOUT THE VINATA PROJECT

The Vinata project is located in the Municipality of Chihuahua,

State of Chihuahua

, Mexico, 50 km

south of the city of Chihuahua. The Vinata Project is located along possible extensions of known

important mineral belts of northern

Mexico

including base metal CRD deposits as

Santa Eulalia

(50km NE of Vinata) and

Naica

(75km SE of Vinata), and the polymetallic vein system of the new

discovery of Sunshine Silver Corp.'s Los Gatos Project, located 75 km SW of Vinata.

The mineralization at Vinata occurs as a series of quartz veins that outcrop along a strike length of

1,150m

cutting rhyolite tuffs that overlie Cretaceous limestone. Identified via stream sediment follow

up, the system consists of outcropping veins for approximately 1.2km. Quartz vein float extends

additional

450m

to the southeast and for more than

1000m

toward the NW. The system consists of

multiple sub-parallel veins and stockwork zones with epithermal textures over a width of between

15m

and

170m

. Individual veins vary in width from <

1m

up to about

12m

.

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. 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 (58,000ha) incorporating the Don Julio 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

.

Sample Preparation and QAQC

Sample preparation for the Vinata Project was carried out by ALS Chemex de Mexico S.A. de C.V.,

a subsidiary of ALS Minerals, at their laboratory in

Chihuahua, Mexico

. Analyses were carried out at

their laboratory in

North Vancouver, British Columbia

, Canada. 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 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. 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. 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.

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%SEDAR: 00008665E

For further information:

Tom Obradovich, President & CEO, [email protected], Tel (416)

985-7140; Or visit sableresources.com

CO: Sable Resources Ltd.

CNW 14:00e 07-JAN-20