Mr. Tom Obradovich reports
SABLE EXTENDS MARGARITA VEIN CONTINUITY TO 750M ALONG STRIKE, INTERSECTS 252.01G/T AGEQ OVER 11.3M INCLUDING 889.5G/T AGEQ OVER 1.3M
Sable Resources Ltd. has released results from drill holes 9 to 12 targeting the Margarita vein from its continuing 12-hole drill program at the Margarita project, Chihuahua state, Mexico. Drill holes M-DDH-18-11 and M-DDH-18-12 are a 250-metre stepout to the northwest from previously released holes M-DDH-18-05 and M-DDH-18-07. Hole M-DDH-18-09 is located on the same section line than previously released drill hole M-DDH-18-04. Drill hole M-DDH-18-10 is located on the same section line as previously released drill holes DDH-18-06 and 08. These latest results confirm continuity of the Margarita structure over a strike length of 750 m.
Highlights
- M-DDH-18-09:
111.5 grams per tonne silver equivalent over
6.5 m
from
76.8 m
to
83.3 m;
-
Including
153.1 g/t AgEq over
3.5 m
from
76.8 m
to
80.3 m;
-
M-DDH-18-11:
252.01 g/t AgEq over
11.3 m
from
57.35 m
to
68.65 m;
-
Including
889.5 g/t AgEq over
1.3 m
from
62.75 m
to
64.05 m;
-
M-DDH-18-12 -- interval 1:
98.19 g/t AgEq over
12.7 m
from
34.6 m to 47.3 m;
-
Including
243.69
g/t AgEq over
1.8 m
from
35.85 m
to
37.65 m.
Emerging low-grade secondary halo
In addition to the high-grade Margarita structure, Sable has identified a low-grade stockwork style of mineralization evident in numerous holes. Mineralized core from previous holes has been assayed with encouraging results:
- M-DDH-18-03:
50.26 g/t AgEq over 44.13 m from 128.12 m to 172.25 m;
- Including
142.3
g/t AgEq over 6.95 m from 162.3 m to 169.25 m;
- M-DDH-18-07:
53.97
g/t AgEq over
7.6 m
from 57.95 m to 65.55 m;
- M-DDH-18-12:
36.53
g/t AgEq over
21.35 m
from
140.3 m
to
161.65 m.
"We are very pleased to have been able to identify this additional style of mineralization giving us a secondary lower-grade target close to surface as well as the high-grade Margarita structure," commented Ruben Padilla, vice-president of exploration for Sable. "With the first stage of drilling now complete we will evaluate our results and formulate a plan for stage 2 drilling targeting further extensions of Margarita and the other adjacent parallel veins."
About the Margarita project
Acquired as part of Sable Resources' upper level epithermal strategy, the Margarita project is located in the Satevo municipality in Chihuahua state, approximately 120 kilometres southwest of the state capital of Chihuahua City and 110 km north-northwest of the historic Parral mining district. The project is located 15 km northwest of Sunshine Silver Corp.'s Los Gatos project, which hosts a 256-million-ounce silver equivalent resource (P. Pyle (2018) Los Gatos project: epithermal silver, zinc lead discovery in south-central Chihuahua, Minera Plata Real, Los Gatos joint venture presentation). Hosted in Eocene-Oligocene volcanics, Margarita is defined by four veins: Margarita, El Caido, Juliana and Marie on two claims totally encompassed by Sunshine Silver.
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, established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfields 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, Canada (13,600 hectares), incorporating the drill-ready Tulox project.
Sample preparation and quality assurance/quality control
Sample preparation was carried out by ALS Chemex de Mexico SA de CV, a subsidiary of ALS Minerals, at its laboratory at Chihuahua, state of Chihuahua, Mexico. Analyses were carried out at its laboratory in North Vancouver, B.C., 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 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 30 g sample split with detection by atomic absorption spectrophotometer (AAS) (code Au-AA23). 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 (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (code MEICP61).
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 and AAS detection with a lower limit of detection of 0.01 part per million (code Hg-CV41) or by inductively coupled plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).
True widths are estimated to be 90 per cent of the intercept based on vein to core angle. Detailed drill results, location plan and sections are available from the Sable website. Silver equivalent is calculated based on $15.50 (U.S.) per ounce for silver, 95 U.S. cents per pound for lead, $1.20 (U.S.) per pound for zinc and $1,200 (U.S.) for gold, considering 100-per-cent recovery.
Qualified person
Luis Arteaga, MSc, 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.
RESULTS TABLE
Hole ID From (m) To (m) Length (m) Au (ppm) Ag (ppm) Pb (ppm) Pb (%) Zn (ppm) Zn (%) AgEq (ppm)
M-DDH-18-09 76.8 83.3 6.5 111.5*
Including 76.8 80.3 3.5 153.1*
76.8 78.3 1.5 0.023 106 467 0.0467 764 0.0764 113.80
78.3 78.8 0.5 0.116 188 1,005 0.1005 1,410 0.141 208.70
78.8 80.3 1.5 0.082 162 123 0.0123 965 0.0965 173.99
80.3 81.8 1.5 0.003 63.6 234 0.0234 980 0.098 70.02
81.8 83.3 1.5 0.008 51.8 212 0.0212 515 0.0515 56.04
M-DDH-18-11 57.35 68.65 11.3 252.01*
Including 62.75 64.05 1.3 889.5*
57.35 58.55 1.2 0.0005 101 365 0.0365 2,550 0.255 116.12
58.55 60.2 1.65 0.038 247 746 0.0746 2,740 0.274 267.64
60.2 61.6 1.4 0.0005 140 480 0.048 1,620 0.162 150.66
61.6 62.75 1.15 0.0005 107 1,085 0.1085 2,140 0.214 122.97
62.75 63.25 0.5 0.013 674 1,630 0.163 5,860 0.586 713.00
63.25 64.05 0.8 0.048 951 3,100 0.31 6,040 0.604 999.85
64.05 65.65 1.6 0.027 212 1,185 0.1185 4,030 0.403 240.49
65.65 66.25 0.6 0.016 114 1,230 0.123 3,970 0.397 141.51
66.25 67.1 0.85 0.039 123 430 0.043 1,780 0.178 137.29
67.1 67.75 0.65 0.002 51.4 297 0.0297 3,870 0.387 73.37
67.75 68.65 0.9 0.015 110 941 0.0941 4,260 0.426 137.75
M-DDH-18-12 34.6 47.3 12.7 98.19*
Including 35.85 37.65 1.8 243.69*
34.6 35.85 1.25 0.0005 43.3 130 0.013 316 0.0316 45.56
35.85 36.6 0.75 0.02 403 650 0.065 1,320 0.132 414.30
36.6 37.1 0.5 0.0005 105 49.3 0.00493 757 0.0757 109.27
37.1 37.65 0.55 0.003 125 165.5 0.01655 1,380 0.138 133.26
37.65 39.65 2 0.0005 71.5 160 0.016 1,080 0.108 77.95
39.65 41.15 1.5 0.0005 96.1 133 0.0133 587 0.0587 99.82
41.15 42.7 1.55 0.0005 94.3 130 0.013 479 0.0479 97.43
42.7 44.2 1.5 0.0005 88.4 76.9 0.00769 351 0.0351 90.63
44.2 45.75 1.55 0.0005 58.8 28.8 0.00288 442 0.0442 61.31
45.75 47.3 1.55 0.0005 40.1 18.4 0.00184 190 0.019 41.23
M-DDH-18-12 140.3 161.65 21.35 36.53*
140.3 141.8 1.5 0.0005 14.85 88.2 0.00882 642 0.0642 18.67
141.8 143.35 1.55 0.002 25.3 136 0.0136 2,510 0.251 39.36
143.35 144.85 1.5 0.003 34.2 36.9 0.00369 1,600 0.16 43.09
144.85 146.35 1.5 0.003 21.6 33.4 0.00334 1,020 0.102 27.39
146.35 147.85 1.5 0.009 16 50 0.005 621 0.0621 20.21
147.85 148.65 0.8 0.009 27.5 30.9 0.00309 367 0.0367 30.28
148.65 149.15 0.5 0.007 30.9 162 0.0162 449 0.0449 34.51
149.15 149.7 0.55 0.003 35.5 104 0.0104 763 0.0763 40.22
149.7 150.6 0.9 0.011 21 80.2 0.00802 605 0.0605 25.40
150.6 151.5 0.9 0.007 14.55 141.5 0.01415 1,920 0.192 25.89
151.5 152.5 1 0.015 19.65 94.3 0.00943 1,260 0.126 27.90
152.5 153.45 0.95 0.028 25 167.5 0.01675 1,070 0.107 33.56
153.45 154.4 0.95 0.072 58.1 1,320 0.132 1,940 0.194 79.54
154.4 155.55 1.15 0.634 80.9 3,030 0.303 2,360 0.236 155.30
155.55 156.35 0.8 0.01 24.3 1,725 0.1725 1,100 0.11 38.17
156.35 157.85 1.5 0.002 15.45 180 0.018 857 0.0857 20.92
157.85 158.6 0.75 0.014 12.45 109 0.0109 584 0.0584 17.10
158.6 160.1 1.5 0.046 13.85 252 0.0252 727 0.0727 22.34
160.1 161.65 1.55 0.014 10.05 125 0.0125 597 0.0597 14.83
M-DDH-18-12 128.12 172.25 44.13 50.26*
128.12 129.57 1.45 0.0005 82.5 505 0.0505 1,470 0.147 92.47
129.57 130.37 0.8 0.0005 29.6 206 0.0206 614 0.0614 33.77
130.37 131.53 1.16 0.0005 11.4 74.5 0.00745 404 0.0404 13.90
131.53 133.03 1.5 0.0005 6.53 37.6 0.00376 163 0.0163 7.59
133.03 134.53 1.5 0.0005 9.21 41.8 0.00418 279 0.0279 10.91
134.53 135.86 1.33 0.0005 18.45 90.8 0.00908 519 0.0519 21.63
135.86 137.4 1.54 0.0005 29.6 245 0.0245 882 0.0882 35.36
137.4 138.2 0.8 0.0005 32.9 169.5 0.01695 603 0.0603 36.86
138.2 140.05 1.85 0.0005 47.6 395 0.0395 641 0.0641 52.71
140.05 141.55 1.5 0.0005 27.6 305 0.0305 1,080 0.108 34.66
141.55 142.05 0.5 0.0005 46.1 864 0.0864 1,300 0.13 56.68
142.05 143.55 1.5 0.0005 51.5 213 0.0213 183 0.0183 53.41
143.55 144.8 1.25 0.0005 52.6 422 0.0422 2,250 0.225 66.37
144.8 145.9 1.1 0.0005 11.5 197 0.0197 877 0.0877 17.03
145.9 147.4 1.5 0.0005 15.75 138 0.0138 734 0.0734 20.27
147.4 148.9 1.5 0.0005 3.68 8 0.0008 140 0.014 4.50
148.9 150.4 1.5 0.001 1.54 16.6 0.00166 133 0.0133 2.39
150.4 151.9 1.5 0.004 4.95 9.1 0.00091 131 0.0131 5.99
151.9 153.4 1.5 0.0005 35.2 194 0.0194 330 0.033 37.81
153.4 154.7 1.3 0.007 3.78 6.4 0.00064 98 0.0098 4.87
154.7 155.6 0.9 0.0005 8.44 81.1 0.00811 146 0.0146 9.60
155.6 157.1 1.5 0.017 24.4 425 0.0425 1,430 0.143 35.10
157.1 158.6 1.5 0.048 36.2 475 0.0475 2,850 0.285 57.06
158.6 160.1 1.5 0.011 17.1 399 0.0399 931 0.0931 24.58
160.1 160.95 0.85 0.044 62.3 254 0.0254 542 0.0542 69.66
160.95 162.3 1.35 0.0005 50.4 133 0.0133 108 0.0108 51.57
162.3 163.3 1 0.003 207 196 0.0196 50 0.005 208.32
163.3 164.3 1 0.002 223 304 0.0304 91 0.0091 224.92
164.3 165.8 1.5 0.0005 93.5 126 0.0126 21 0.0021 94.18
165.8 167.3 1.5 0.016 134 738 0.0738 69 0.0069 138.71
167.3 168.75 1.45 0.0005 101 254 0.0254 41 0.0041 102.32
168.75 169.25 0.5 0.042 101 1,800 0.18 825 0.0825 116.21
169.25 170.75 1.5 0.0005 58.2 188 0.0188 160 0.016 59.88
170.75 172.25 1.5 0.0005 23.4 153.5 0.01535 45 0.0045 24.32
M-DDH-18-07 57.95 65.55 7.6 53.97*
57.95 59.55 1.6 0.0005 16.5 63.1 0.00631 855 0.0855 21.35
59.55 61 1.45 0.0005 21.2 65.1 0.00651 809 0.0809 25.81
61 62.15 1.15 0.0005 42.3 95.8 0.00958 565 0.0565 45.74
62.15 64.05 1.9 0.0005 103 384 0.0384 1,090 0.109 110.44
64.05 65.55 1.5 0.0005 42.7 242 0.0242 1,320 0.132 50.77
* Weighted average composites. All other intervals are actual results.
Samples used for selected highlighted higher-grade zones within the main reported interval.We seek Safe Harbor.
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