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Sable Resources Ltd (2)
Symbol SAE
Shares Issued 123,830,914
Close 2018-09-17 C$ 0.235
Market Cap C$ 29,100,265
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Sable starts road, drill pad construction at Don Julio

2018-09-18 12:46 ET - News Release

Mr. Tom Obradovich reports

SABLE INITIATED ROAD CONSTRUCTION AND DRILL PAD CONSTRUCTION AT ESPERANZA

Sable Resources Ltd. has initiated road and drill pad construction for the Esperanza target at the Don Julio high-sulphidation gold project located in San Juan province, Argentina. Previously undrilled, Esperanza is the first target to be drilled by Sable within the Don Julio cluster of five targets. Drilling will target mineralization at depth below the two-kilometre-by-two-kilometre Esperanza geochemical anomaly testing the outcropping Punta Cana and Esperanza Hill alteration zones. Additional drilling will also test beneath an area of postmineral cover situated between these two zones. Drilling is planned to begin in October this year.

"We are very pleased to be starting the infrastructure for our second drill program of 2018 drill program right on schedule," commented Tom Obradovich, president and chief executive officer of Sable. "With the assistance of a local engineer from San Juan with over 20 years of experience in other high-sulphidation projects and mines from the El Indio gold belt, we will ensure road construction is of an appropriate professional standard in this challenging Andean mountain terrane."

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 fragmental 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 upflow 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, 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 (35,000 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.

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