15:10:42 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 91,764,939
Close 2018-01-23 C$ 0.155
Market Cap C$ 14,223,566
Recent Sedar Documents

ORIGINAL: Sable surveys find new targets at Baker, Bot

2018-01-24 07:31 ET - News Release

Received by email:

File: SAE PR 20180124.pdf

                                                                               PRESS RELEASE
                                                                       FOR IMMEDIATE RELEASE


Sable Resources Ltd   Reports results of 2017 exploration program at the Baker and Bot Projects

January 24, 2018 (Vancouver, BC): Sable Resources Ltd. ("Sable" or the "Company") (TSXV: SAE) is
pleased to announce the results of its 2017 exploration programs at the Baker and Bot projects.
Completed exploration activity at the Baker and Bot projects consisted of 2,192 line-km of high-resolution
helicopter borne ZTEMTM ("Z-Axis Tipper Electromagnetic") geophysical surveys and a 220 stream-sediment
sample geochemical survey covering both properties in their entirety.

The results of the geophysical and geochemical surveys led to the recognition of many new target zones for
both epithermal and porphyry style mineralization with coincident anomalies that will be given a high priority
for future follow up ground-based exploration efforts.

The Company also completed a 6 line-km induced polarization survey, and a 5-hole, 1,812 meter
reconnaissance style diamond drill program to test previously recognized targets that were road accessible.
The five exploration holes returned strongly anomalous results in gold, zinc and copper over significant
intervals, hosted within highly altered intrusive and volcanic rocks. These long intervals of highly altered and
anomalous core may represent a classic rock alteration style typically found flanking porphyry copper-gold
deposits. The drilling occurred across a 4 kilometer length of highly prospective ground centered on the past
producing Baker mine.

Located along the eastern limb of the Stikine Arch, Sable considers the Baker and Bot projects to be
significantly underexplored with similar geology, such as the Triassic-Jurassic unconformity, to the British
Columbia Golden Triangle. Exploration work completed on the Bot property has identified several targets for
both epithermal and porphyry style mineralization. In 1983-84, Newmont mapped a siliceous sinter with a
dimension of 800m x 100m in the headwaters of a stream sediment catchment basin containing a multi-
element epithermal gold signature. Favorable geology is present including a rhyolite dome sequence
intercalated with dacitic tuffs and mudstones. To date no drilling has ever been done on this property.

Extensive field work is being planned for 2018 on both Projects. Applications to the provincial government
for exploration permits will advance after community consultation this winter.

Bill Yeomans, P.Geo, is the Company's Qualified Person with respect to the Baker Project and has reviewed
and approved this press release.

About Sable Resources Ltd.

Sable owns numerous mineral projects in British Columbia, Canada and Mexico including 142 square kilometers of
mineral tenure and mining leases in the Toodoggone mining district of north-central British Columbia which hosts
the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility.

We seek safe harbor

For more information:

Tom Obradovich, President & CEO
Email: tobradovich@sympatico.ca; Tel (416) 985-7140
Or visit http://www.sableresources.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 


© 2024 Canjex Publishing Ltd. All rights reserved.