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Sable Resources Ltd (2)
Symbol SAE
Shares Issued 91,764,939
Close 2018-01-23 C$ 0.155
Market Cap C$ 14,223,566
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Sable surveys find new targets at Baker, Bot

2018-01-24 07:31 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES LTD REPORTS RESULTS OF 2017 EXPLORATION PROGRAM AT THE BAKER AND BOT PROJECTS

Sable Resources Ltd. has released the results of its 2017 exploration programs at the Baker and Bot projects. Completed exploration activity at the Baker and Bot projects consisted of 2,192 line kilometres of high-resolution helicopter-borne ZTEM (Z-axis tipper electromagnetic) geophysical surveys and a 220-stream-sediment-sample geochemical survey covering both properties in their entirety.

The results of the geophysical and geochemical surveys led to the recognition of many new target zones for both epithermal- and porphyry-style mineralization with coincident anomalies that will be given a high priority for future follow up ground-based exploration efforts.

The company also completed a six line km induced polarization survey, and a five-hole, 1,812-metre reconnaissance-style diamond drill program to test previously recognized targets that were road accessible. The five exploration holes returned strongly anomalous results in gold, zinc and copper over significant intervals, hosted within highly altered intrusive and volcanic rocks. These long intervals of highly altered and anomalous core may represent a classic rock alteration style typically found flanking porphyry copper-gold deposits. The drilling occurred across a four-kilometre length of highly prospective ground centred on the past-producing Baker mine.

Located along the eastern limb of the Stikine Arch, Sable considers the Baker and Bot projects to be significantly underexplored with similar geology, such as the Triassic-Jurassic unconformity, to the British Columbia Golden Triangle. Exploration work completed on the Bot property has identified several targets for both epithermal- and porphyry-style mineralization. In 1983 to 1984, Newmont mapped a siliceous sinter with a dimension of 800 m by 100 m in the headwaters of a stream sediment catchment basin containing a multielement epithermal gold signature. Favourable geology is present including a rhyolite dome sequence intercalated with dacitic tuffs and mudstones. To date no drilling has ever been done on this property.

Extensive fieldwork is being planned for 2018 on both projects. Applications to the provincial government for exploration permits will advance after community consultation this winter.

Bill Yeomans, PGeo, is the company's qualified person with respect to the Baker project and has reviewed and approved this press release.

About Sable Resources Ltd.

Sable owns numerous mineral projects in British Columbia, Canada and Mexico including 142 square kilometres of mineral tenure and mining leases in the Toodoggone mining district of north-central British Columbia which hosts the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility.

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