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Sable Resources Ltd (2)
Symbol SAE
Shares Issued 120,727,164
Close 2018-07-04 C$ 0.27
Market Cap C$ 32,596,334
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Sable Resources finds two new veins at Margarita

2018-07-05 10:11 ET - News Release

Mr. Tom Obradovich reports

SABLE IDENTIFIES 2 NEW VEINS AT MARGARITA PROJECT

Sable Resources Ltd. has identified two new epithermal veins at the Margarita project in Chihuahua state, Mexico.

Following 10 days of detailed field mapping at 1:5,000 scale, two additional mineralized structures, the Juliana and Marie veins, were identified within Sable Resources' mineral claims. The Juliana vein can be traced for approximately 650 metres along a 040 strike. Previous grab sampling prior to mapping returned an assay value of 405 parts per million silver for the vein. The vein has been observed to dip approximately vertical and appears to merge with the Margarita structure to the southwest.

The Marie vein outcrops at the most eastern part of the Margarita property. The vein strikes 020 to 030 and was observed for 650 metres along strike, from which 400 metres are within Sable's concessions. The width of the vein is variable with 1.6 metres of quartz vein to over two metres of breccia zone with several smaller braided veins. The Marie vein is observed dipping at high angles toward southwest, northeast and vertical, depending on the location. A large zone of kaolinite, silicification and iron oxides characterizes the Marie vein after pyrite on its western side, whereas the eastern side shows green argillic alteration (illite, smectite and iron oxides after sulphides).

In light of the discovery of the two new veins, Sable has reassessed the drill program, deciding to increase the first phase to a maximum of 5,000 metres and has changed drill companies to better accommodate the increased metreage.

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 kilometres north-northwest of the historical Parral mining district. The project lies on strike with Sunshine Silver Corp.'s Los Gatos project, which hosts a measured and indicated 9.2-million-ounce resource containing 178 million ounces silver equivalent. Hosted in Eocene-Oligocene volcanics, Margarita is defined by four veins -- Margarita, El Caido, Juliana and Maria -- on two claims totally encompassed by Sunshine Silver.

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