Mr. Tom Obradovich reports
SABLE RESOURCES RECEIVES 8.05G/T IN OUTCROPPING VUGGY SILICA AT DON JULIO PROJECT
Sable Resources Ltd. has released the first geochemical assay results from its continuing phase 2 rock sampling and detailed mapping program at the Don Julio project in San Juan province, Argentina. A total of 237 results have been received from sampling to delineate alteration footprints to aid targeting of mineralized zones at depth. The majority of results are from the Heaven Hill (119 samples) and Esperanza (63 samples).
Heaven Hill
The Heaven Hill target consists of a fragmentary volcanic rock intruded by dacitic domes and extensive quartz-alunite alteration cut by structures of advanced argillic alteration identified across a 1.8-kilometre-by-400-metre area. An illite-pyrite-silica zone anomalous in gold rims the west of the area. Hydrothermal breccias and a series of radial silica-alunite-dickite ledges also cut the area. Of the 119 samples collected at Heaven Hill to define the alteration footprint, 65 returned values greater than 50 parts per billion gold.
KEY GOLD HIGHLIGHTS FROM HEAVEN
HILL (VUGGY SILICA)
Sample Target zone Sample type Au
(ppm)
E00168 Heaven Hill 1 m channel 7.57
E00262 Heaven Hill 1 m channel 7.01
E00171 Heaven Hill 1 m channel 4.91
E00258 Heaven Hill 1 m channel 2.05
KEY GOLD HIGHLIGHTS FROM HEAVEN HILL
(ALTERATION)
Sample Target zone Sample type Au
(ppm)
E00153 Heaven Hill 1 m channel 0.505
E00304 Heaven Hill Float 0.337
E00174 Heaven Hill 1 m channel 0.321
E00189 Heaven Hill 1 m channel 0.32
E00206 Heaven Hill 1 m channel 0.318
E00205 Heaven Hill 1 m channel 0.317
E00100 Heaven Hill 1 m channel 0.286
E00267 Heaven Hill 1 m channel 0.264
E00167 Heaven Hill 1 m channel 0.26
E00099 Heaven Hill 1 m channel 0.241
E00229 Heaven Hill 1 m channel 0.225
E00151 Heaven Hill 1 m channel 0.222
KEY MERCURY HIGHLIGHTS FROM HEAVEN HILL
(ALTERATION)
Sample Target zone Sample type Hg
(ppm)
E00168 Heaven Hill 1 m channel 100
E00171 Heaven Hill 1 m channel 100
E00174 Heaven Hill 1 m channel 100
E00246 Heaven Hill 1 m channel 17.45
E00167 Heaven Hill 1 m channel 16.8
E00242 Heaven Hill 1 m channel 15.75
E00258 Heaven Hill 1 m channel 10.9
E00259 Heaven Hill 1 m channel 6.39
E00172 Heaven Hill 1 m channel 5.4
E00166 Heaven Hill 1 m channel 4.3
E00283 Heaven Hill 1 m channel 2.26
E00175 Heaven Hill 1 m channel 2.17
E00256 Heaven Hill 1 m channel 1.98
E00247 Heaven Hill 1 m channel 1.545
E00211 Heaven Hill 1 m channel 1.225
E00241 Heaven Hill 1 m channel 1.135
E00225 Heaven Hill 1 m channel 1.055
Ruben Padilla, Sable's vice-president of exploration, commented: "These results are in line with the expected values within the advanced argillic alteration system at Heaven Hill. This early work was done to define the footprint of the alteration system and to determine how many drill targets we have to test. We are greatly encouraged by the size of the alteration footprint and by the fact that more than 75 per cent of our samples returned anomalous values. High mercury values up to 100 ppm indicate we are still high in the system and that the target zones have not been eroded. High-grade gold values in the vuggy silica and breccia suggest we have a strongly mineralized system at depth."
Esperanza
The Esperanza target is part of a 1.6 km by 0.5 km mineral centre affected by two mineralizing events hosted by the same fragmentary volcanic rock observed in Heaven Hill cut by dacitic domes and phreatic breccias. The phreatic breccias have rounded clasts of vuggy silica, enargite and other advanced argillic alteration types. The system is overprinted by a second dickite-kaolinite advanced-argillic alteration event. Thirty of the 63 alteration samples returned over 50 parts per billion gold.
KEY GOLD HIGHLIGHTS FROM ESPERANZA
(ALTERATION)
Sample Target zone Sample type Au
(ppm)
E00058 Esperanza Float 1.665
E00032 Esperanza 1 m channel 0.574
E00079 Esperanza 1 m channel 0.572
E00007 Esperanza 1 m channel 0.248
E00063 Esperanza 1 m channel 0.219
E00062 Esperanza 2 m channel 0.141
E00054 Esperanza 1 m channel 0.137
E00022 Esperanza 1 m channel 0.137
E00069 Esperanza 1 m channel 0.131
E00017 Esperanza 1 m channel 0.119
E00019 Esperanza 1 m channel 0.109
KEY MERCURY HIGHLIGHTS FROM ESPERANZA
(ALTERATION)
Sample Target zone Sample type Hg
(ppm)
E00032 Esperanza 1 m channel 7.61
E00034 Esperanza 1 m channel 4.51
E00041 Esperanza 1 m channel 3.66
E00027 Esperanza 1 m channel 2.59
E00058 Esperanza Float 2.31
E00016 Esperanza 1 m channel 1.675
E00014 Esperanza 1 m channel 1.19
E00033 Esperanza 1 m channel 1.04
"We are encouraged again by the robust nature of the gold values in the alteration system at Esperanza. The observed overprinting advanced argillic event, combined with the gold values, indicates that we can have multiple mineralizing pulses in this area," commented Mr. Padilla, vice-president of exploration for Sable.
The 237 samples discussed in this press release are the first part of a 500-sample rock chip campaign accompanying continuing detailed geological mapping of an area of five km by five km which will build the geological framework of the whole Don Julio project and will define drill targets in a systematic geological approach. Maps and more detailed results of analysis can be obtained from the company's website.
Quality assurance/quality control
Sample preparation was carried out by ALS Argentina at its laboratory at Mendoza, Mendoza province, Argentina. Gold digestion and analysis were conducted in its laboratory in Santiago, with multielement and mercury analysis conducted in its laboratories in Lima, Peru. Samples were prepared by drying in an oven at a maximum temperature of 60 degrees, fine crushing of the sample to at least 70 per cent passing less than two millimetres, sample splitting using a riffle splitter and pulverizing a 250-gram split to at least 85 per cent 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). Multielements were analyzed by a four-acid near-total digestion of a one-gram subsample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 33 elements (silver, aluminum, arsenic, barium, beryllium, bismuth, calcium, cadmium, cobalt, chromium, copper, iron, gallium, potassium, lanthanum, magnesium, manganese, molybdenum, sodium, nickel, phosphorus, lead, sulphur, antimony, scandium, strontium, thorium, titanium, thallium, uranium, vanadium, tungsten and zinc) (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 vapour extraction, inductively coupled plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).
Luis Arteaga, BSc, PGeo, exploration manager for Sable Resources and the company's qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
About the Don Julio project
The Don Julio project is defined by an extensive five km by five km Miocene lithocap located in the Cordillera Frontal of Argentina. The lithocap affects a package of fragmentary 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.
About Sable Resources Ltd.
Sable is a well-financed junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favourable and established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfield projects to resource stage utilizing its upper-level epithermal strategy. Sable is actively exploring the San Juan regional program (48,000 hectares), incorporating the Don Julio project in San Juan province, Argentina, the Mexico regional program (1.5 million hectares), incorporating the Margarita, Vinata and El Escarpe drill-ready projects, and the B.C. intrusion-related program in Canada (13,600 hectares), incorporating the drill-ready Tulox project.
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