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USA
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Sable Resources Ltd (2)
Symbol SAE
Shares Issued 120,727,164
Close 2018-05-09 C$ 0.25
Market Cap C$ 30,181,791
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Sable Resources starts drilling at Margarita

2018-05-09 07:12 ET - News Release

Mr. Tom Obradovich reports

DRILLING HAS COMMENCED ON MARGARITA PROJECT- SABLE RESOURCES LTD.

Drilling has begun on the Margarita project after Sable Resources Ltd. received permits from the government of Mexico and access agreements from the surface rights holder. The initial program consists of over 4,000 metres of core drilling to test the 1.7 kilometres of silver-bearing epithermal quartz veins. This phase 1 drill program will be expanded should positive results warrant additional drilling.

This is the first time drilling has been performed on the Margarita structure and is designed to test for high-grade precious metal horizons approximately 200 metres below mineralized surface samples. Company geologists recognized surface samples with low-temperature silica textures combined with precious metal values and elevated arsenic and antimony values indicating a position in the upper levels of an epithermal system. Results from the program will be released as they are received over the next few months.

The Margarita project is fully surrounded by Sunshine Silver Mine Corp.'s Los Gatos project which contains the Cerro Los Gatos deposit. The Cerro Los Gatos deposit hosts a measured and indicated resource of 9.2 million tonnes grading 289 parts per million silver, 5.7 per cent zinc, 2.8 per cent lead and 0.36 ppm gold for a resource of 178 million ounces of silver equivalent.

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