“Sable’s systematic exploration approach is moving into a very active phase of drilling while target generating capacity remains intact and a strong financial position is maintained,” said Dr. Ruben Padilla, President and CEO of Sable, added, “If the rigs are three different high-quality projects, a big discovery can happen. The next 10 months could be game-changing for Sable.”
El Fierro Project, San Juan Argentina
Sable has identified a large vein field covering an area of ââ8.5 by 6.5 kilometers with 14.5 linear kilometers of epithermal veins in four mineralized centers including: Fierro Bajo, Fierro Alto, La Verde and Lagunitas. The exploration samples were highlighted by multiple silver equivalent samples over 1,000 g / t. Start of drilling in February 2021 with several high grade intercepts including 4,381 g / t AgEq over 0.5m within 546.78 g / t AgEq over 9.95 mÂ² from one of the first holes ever drilled on the project.
Work planned for the 2021-2022 field season includes a second round of drilling of up to 15,000 meters to determine the potential size of the deposit and prioritize the veins for resource drilling. District exploration work will continue in parallel with drilling, including geophysics, trenching, mapping and sampling.
La Poncha Project, San Juan, Argentina
La Poncha is a collection of porphyry epithermal centers along the Miocene mineral belt that hosts the Filo del Sol deposit which recently covered a section of 858m with 1.8% CuEq (see press release from Filo Mining from May 13, 2021). During the upcoming field season, Sable plans to drill approximately 5,000 meters targeting two recently identified large tonnage gold-copper-porphyry targets. Other target generation work is also being carried out in connection with this program.
Sable – South32 JV, San Juan Argentina
In addition to the earn-in agreement with South32 to jointly explore the 69,350 hectare land package including the Don Julio cluster area, the Los Pumas project and numerous regional early stage targets, extensive exploration work will be carried out, 100% funded by South32, during the field season 2021-2022 as described below.
Don Julio Cluster
The Don Julio project area contains multiple targets including Cu-Au porphyry, Au-Ag epithermal and polymetallic skarn targets generated from detailed mapping and geochemistry over a period of two and a half years. Earlier this year, Sable completed a 400 km UAV magnetic survey, detailed structural mapping of the Fermin Skarn target, reinterpretation of historical geophysics in the Heaven Hill area, and re-evaluation of other historical data.
Field work planned for the upcoming field season includes geophysics, mapping, sampling and the construction of additional access roads, all in preparation for an approximately 5,000 meter drill program expected to begin in January 2022.
Los Pumas project
In January 2021, Sable published geochemical results from the Los Pumas Project, located 21 km south of the Don Julio Project. Los Pumas was discovered following a large ASTER anomaly that encountered alteration and mineralization with values ââup to 103 g / t Au; 2,650 g / t Ag; and 2.9% Cu on multiple clusters over an area of ââ6 by 4 kilometers.
The field work planned for the coming season includes the construction of an access road, trenches and additional mapping.
Sable and South32 are involved in the first regional exploration of their large land package outside of the Don Julio cluster area. This regional exploration work has identified the Los Pumas (described above) and several other targets. First reconnaissance work was carried out in Los Patos and San Francisco regional goals in the first quarter of 2021 and will continue in the coming field season.
Regional target generation in Mexico
The company will continue exploration activities tracking stream sediment anomalies in its soil to develop new targets. Sable has 26,373 hectares of mineral titles and 1.16 million hectares of mineral applications along the world’s richest silver mineral belt in central Mexico.
Sable is offering shareholders and other interested parties the opportunity to attend a webinar that will be held at 4:00 p.m. ET Thursday, September 23, 2021. To register, please click on the following link – https://us06web.zoom.us/webinar/register/WN_AhQ5ktn7TEKUs9ifOba-NA.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior base explorer focused on discovering new precious metals projects through systematic exploration in donated terranos in cheap, established mining areas. Sable’s main focus is on developing its large portfolio of new greenfield projects at the resource level. Sable is actively researching the San Juan Regional Program (151,850 hectares), which includes the Don Julio, El Fierro, La Poncha and los Pumas projects in the San Juan Province. Argentina; and the Mexican regional program (1.16 Mha in application, titled 26,373 ha), which includes the Vinata and El Escarpe projects.
Neither the TSX Venture Exchange nor its regulator, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this press release.
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 press release.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements in this press release contain forward-looking information. These statements relate to future events or future performance. The use of the words “could,” “intend,” “expect,” “believe,” “will,” “project,” “estimate” and similar expressions and statements are intended to address matters that are not historical facts identify forward-looking information and are based on Sable’s current beliefs or assumptions about the outcome and timing of such future events. Actual future results could differ materially. Although these statements are based on reasonable assumptions made by Sable’s management, there can be no assurance that any conclusions or forecasts will prove to be correct.
While Sable believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied in the forward-looking information. These factors include risks related to mineral exploration and development, including risks related to changes in project parameters as the plans further redefine, risks related to fluctuations in grade or recovery, risks related to changes in mineral prices and global 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, dependence on key personnel, operational risks and regulatory risks, including risks related to the acquisition of the required licenses and Approvals, financing, capitalization and liquidity risks.
The forward-looking information contained in this press release is as of the date of this release and Sable undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law. Securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify all forward-looking information contained herein.
SOURCE Sable Resources Ltd.
For more information: Ruben Padilla, President & CEO at [emailÂ protected] or +1 (520) 488-2520