07:31:40 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 120,727,164
Close 2018-07-09 C$ 0.24
Market Cap C$ 28,974,519
Recent Sedar Documents

Sable samples up to one m of 4.42 ppm Au at Don Julio

2018-07-10 12:06 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES RECEIVES FINAL PHASE 2 SURFACE RESULTS FROM THE DON JULIO PROJECT

Sable Resources Ltd. has received the last pending geochemical assay results from the phase 2 drill target definition program at the Don Julio project. Additional results were also received from initial phase 1 reconnaissance in target areas located within the 35,000-hectare San Juan regional exploration program in San Juan province, Argentina.

An attached table shows the distribution of the rock-chip samples taken in the Don Julio project during phase 2 and from reconnaissance work in other target zones located outside the Don Julio project area. In addition, 15 samples were taken for uranium-lead, potassium-argon radiometric-age dating and whole-rock geochemistry to constrain the age of mineralizing events. Forty-five per cent of gold assays correspond to Heaven Hill and another 35 per cent are from other areas within the Don Julio cluster of anomalies. The remaining samples are from regional targets located outside the Don Julio cluster.

  
            DISTRIBUTION OF COLLECTED ROCK SAMPLE 
                BY TARGET AREA (SABLE SAMPLES)

Samples     Distribution      Target area             Location  
         
221                  45%      Heaven Hill            Don Julio        
101                  20%        Esperanza            Don Julio        
45                    9%             Lodo    San Juan Regional
42                    8%            Morro            Don Julio        
34                    7%            Ugold            Don Julio        
12                    2%      San Gabriel    San Juan Regional
10                    2%         Amarillo            Don Julio        
30                    6%            QA/QC                        
Total: 495                                      

Samples were collected this year, accompanying detailed geological mapping over an area of five kilometres by five kilometres characterized by fragmental volcanic rocks, hydrothermal breccias and domes affected by high-sulphidation epithermal alteration related to a volcanic caldera. The purpose of the sampling is to test gold anomalism of alteration at surface and define drill targets interpreted to be 200 metres to 400 metres below the surface alteration.

This press release relates to the results from a new batch of geochemical analysis from 149 surface rock-chip samples. Fifty-nine of these new results are from the Heaven Hill target, 27 are from a new target zone within the Don Julio cluster (called Ugold) where initial phase 1 work was conducted. The remaining samples are from regional anomalies with 41 samples from the Lodo prospect and 12 samples from the Silver Valley target zone.

Fifty-nine sample results were received for the Heaven Hill area; 38 returned values over 50 parts per billion gold and 24 samples showed values greater than 0.1 gram per tonne gold with important values of mercury up to 71.6 grams per tonne, similar to results for the area. Twenty-seven samples were taken from the new target area (Ugold) from several silica ledge structures. Only two samples returned with values of more than 0.1 gram per tonne gold. The target is considered low priority at this point.

           KEY GOLD AND OTHER KEY ELEMENTS VALUES HIGHLIGHTS FROM THE 
            DON JULIO PROJECT REPORTED FOR THE LAST SAMPLES RECEIVED 
                (all in vuggy silica and breccia dike structures)

Sample     Target zone       Sample type         Au       As       Cu       Hg 
                                               (ppm)    (ppm)    (ppm)    (ppm)

E00140       Esperanza       1 m channel       4.42       76      519     1.42    
E00178       Esperanza       1 m channel       3.77    5,400    4,030     71.6    
E00201     Heaven Hill       1 m channel       3.47    8,730   25,800     3.96    
E00144       Esperanza              Grab       2.42    3,200    4,360      1.1     
E00137       Esperanza       1 m channel      0.473      153       97    0.083   
E00149           Morro       1 m channel      0.459      152       48     0.61    
E00139       Esperanza       1 m channel      0.315      691      351    0.042   
E00150       Morro Sur       1 m channel      0.307       79       19    0.064   
E00179       Esperanza       1 m channel      0.221       54      151    0.199   
E00404       Esperanza       1 m channel      0.192      601       43     1.83    
E00141       Esperanza       1 m channel      0.171       43      136    0.088   
E00186       Esperanza       1 m channel      0.151       34       15    0.045   
E00147     Heaven Hill       5 m channel      0.134       45       40    0.023   
E00135     Heaven Hill       1 m channel      0.127       40       13    0.057

Regional sampling

Reviewed during the last two days of the field season, Silver Valley is a possible intermediate sulphidation target located adjacent to the Don Julio cluster of anomalies. The area is characterized by an intense silica-illite alteration in an area where historical samples with more than 500 grams per tonne silver are reported. Two of the 12 samples collected also report gold anomalies of 0.1 gram per tonne gold, associated with anomalous silver and mercury. This area needs further phase 1 work to identify and review historical samples containing more than 500 grams per tonne silver.

The Lodo prospect represents a kilometric clay-silica alteration zone co-incident with a northwest-trending regional fault. Two sectors -- Lodo North and Lodo South -- were sampled in this preliminary program. Twenty-five samples were collected at Lodo North over a 2.8-kilometre-by-100-metre-wide area with two samples reporting gold anomalies of 0.3 gram per tonne and 0.15 gram per tonne as well as up to 12 grams per tonne silver in silica-kaolin alteration. Pathfinder geochemistry indicates a high erosional level with mercury values ranging from 0.1 part per million to over three parts per million and arsenic values from 100 parts per million up to over 500 parts per million. More work is required at Lodo to define drill targets at depth.

Quality assurance/quality control

All samples were collected by company representatives under the supervision of the qualified person and transported directly by the company to the lab. Sample preparation was carried out by ALS Argentina at its laboratory at Mendoza, Argentina. Gold, multielement and mercury analyses were conducted in its laboratories in Lima, Peru. 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 50-gram sample split with detection by atomic absorption spectrophotometry (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 spectrometry (ICP-AES) for 33 elements (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 and inductively coupled plasma mass spectrometry (ICP-MS) with a lower limit of detection of 0.005 part per million (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 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 terrains 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 (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 British Columbia intrusion-related program in Canada (13,600 hectares) incorporating the drill-ready Tulox project.

About the Don Julio project

The Don Julio project is defined by an extensive five-kilometre-by-five-kilometre 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 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.