Mr. Ruben Padilla reports
SABLE RECEIVES ADDITIONAL $5 MILLION PAYMENT FROM OR ROYALTIES INC
Sable Resources Ltd. has received $5-million from OR Royalties Inc. in connection with the TDG Gold Corp. royalty sold by Sable to OR, as announced on April 24, 2025. The $5-million payment was made pursuant to the terms of the Sable-OR investment agreement and to the recent announcement by TDG pertaining to drill results at its Greater Shasta-Newberry project. These results exceeded the milestone specified in the investment agreement (the discovery milestone), triggering the payment of the additional $5-million. With the receipt of the additional $5-million, Sable has now received a total of $8.8-million from the royalty sale to OR. Sable can receive an additional $2-million should OR exercise its option for another 1-per-cent royalty on Sable's Copper Queen, Copper Prince and Core Mountain properties located in British Columbia.
Ruben Padilla, Sable's president and chief executive officer, stated:
"We are pleased with having received this $5-million discovery milestone payment related to the sale of our 1-per-cent royalty on TDG's Greater Shasta-Newberry project. This additional cash further strengthens Sable's treasury and will be used to advance our exploration programs and to support our ongoing business development efforts."
About Sable Resources Ltd.
Sable is a well-financed junior grassroots explorer focused on the discovery of Tier 1 new precious metal and copper projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions. Sable's focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the San Juan regional program (163,969 hectares) incorporating the Don Julio, El Fierro and Cerro Negro projects in San Juan province, Argentina, and the Copper Queen (15,133 hectares), Copper Prince (3,980 hectares) and Core Mountain (1,925 hectares) properties in British Columbia.
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