Mr. Tom Obradovich reports
SABLE RESOURCES LTD ACQUIRES METS GOLD PROJECT IN TOODOGGONE DISTRICT, NORTHERN BRITISH
COLUMBIA
Sable Resources Ltd. has acquired the Mets
gold project and mining lease in north-central British Columbia. The lease was purchased
from arm's-length vendors for one million common shares of Sable Resources and a
1-per-cent net-smelter-return royalty, which can be purchased at any time for $500,000.
Historical work dating back to the discovery of gold mineralization in the mid-1980s
consisted of 8,784 metres of diamond drilling, geological and geochemical surveys. A gold
resource which is non-compliant under National Instrument 43-101 was established by
previous operators. In 1992, Cheni Gold Mines Inc. optioned the property and undertook
a brief underground development program. The French-owned company ceased Canadian
operations in 1993 and reclaimed the site. The Mets project is approximately 20 kilometres north
of Sable's 100-per-cent-owned Baker mill and former producing Baker and Shasta mines.
The acquisition is subject to the approval of the TSX Venture Exchange.
The company is also pleased to announce that Ron Netolitzky, MSc, and J.
Rupert Allan, PGeol, have agreed to roles as special advisers and consultants to the Sable
board of directors.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kilometers of mineral tenure and
mining leases, including the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker
mill and tailings facility. The project is located in north-central British Columbia, Canada, and is road
accessible.
We seek Safe Harbor.
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