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Sable Resources Ltd (2)
Symbol SAE
Shares Issued 120,830,914
Close 2018-08-16 C$ 0.29
Market Cap C$ 35,040,965
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Sable Resources receives Don Julio drill permit

2018-08-16 07:24 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES RECEIVES DRILL PERMIT FOR DON JULIO

Sable Resources Ltd. has received all necessary permitting required to drill the Don Julio high-sulphidation gold project located in San Juan province, Argentina. Don Julio contains the first five targets of 15 identified in the 35,000-hectare San Juan regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted site visits with several drilling companies experienced in Andean projects. Road and drill platform construction is scheduled to begin following the end of the Southern Hemisphere winter in September, 2018, with drilling to begin in October, 2018. Drilling will target mineralization at depth below the two-by-two-kilometre Esperanza and two-kilometre-by-500-metre Heaven Hill gold anomalies. Don Julio will be the second project drilled by Sable this year after the recent Margarita discovery in Mexico. More detailed information on the Don Julio project can be obtained from the Sable website.

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.

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.

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