23:04:56 EST Thu 15 Jan 2026
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 319,798,231
Close 2026-01-15 C$ 0.055
Market Cap C$ 17,588,903
Recent Sedar Documents

Sable signs letter agreement for La Esquina option

2026-01-15 16:15 ET - News Release

Mr. Ruben Padilla reports

SABLE ANNOUNCES OPTION AGREEMENT CONSOLIDATING THE NEW "ZORRO" PROJECT IN SAN JUAN, ARGENTINA

Sable Resources Ltd. has entered into a binding letter agreement with an arm's-length party, with the intent to enter into a definitive option agreement, to acquire a 100-per-cent interest for the La Esquina property, located in San Juan, Argentina. The La Esquina property comprises four claims located adjacent to two properties previously staked by Sable. This newly consolidated land package consists of 5,236 hectares and will now be called the Zorro project.

Located in the Frontal Cordillera of San Juan, the Zorro project is directly north of two well-known copper and polymetallic deposits: the Minsud/South32 Chita Valley project, including the Chinchillones deposit, which contains indicated resources of 188 million tonnes at 0.41 per cent copper equivalent (0.25 per cent copper, 0.11 gram per tonne gold, 10.6 grams per tonne silver, 36 parts per million molybdenum and 0.16 per cent zinc) and inferred resources of 573 million tonnes at 0.36 per cent copper equivalent (0.22 per cent copper, 0.09 gram per tonne gold, 9.0 grams per tonne silver, 93 parts per million molybdenum and 0.11 per cent zinc), and the Chita South porphyry deposit, which contains indicated resources of 33.1 million tonnes at 0.43 per cent copper and inferred resources of 8.6 million tonnes at 0.40 per cent copper. Sable's Don Julio project, including four active porphyry targets (Gringa, Morro, Punta Cana and Tocota), is located 21 kilometres west of the Zorro project.

Mineral potential at the Zorro project was identified through Sable's regional target generation work. The project contains a number of historical mineral occurrences and excavations surrounding a large magnetic anomaly measuring approximately seven kilometres by four kilometres. This magnetic feature seems to be caused by a diorite stock that intrudes carboniferous sediments and Permo-Triassic granites. Sable has conducted a preliminary field review of some of the mineral occurrences and has identified three different mineralization styles:

Intrusion-related copper mineralization

Sable has identified copper mineralization only 7.7 kilometres from the Chita South deposit and only 9.8 kilometres from the large Chinchillones deposit. This mineralization has characteristics typical of intrusion-related mineral systems, hosted within Permo-Triassic granite near its contact with the previously mentioned diorite stock. Coarse chalcopyrite is observed within quartz-magnetite-specularite sheeted veins and veinlets with a dominant north-northwest orientation. Chalcopyrite-bearing veins are observed over an approximately 650-metre-by-500-metre area. Sable plans to conduct detailed mapping, sampling, trenching and geophysics in preparation for a planned drill program in the second half of 2026.

Magmatic-hydrothermal breccias

A magmatic hydrothermal breccia zone was observed outcropping for approximately 180 metres by 100 metres, exhibiting quartz, sericite, carbonate and pyrite cement with mainly sedimentary clasts. This breccia has a north-northeast orientation; the geometry and textures indicate proximity to the breccia cupola zone, with expected zoning to copper mineralization at depth.

Epithermal veins

A number of discrete epithermal veins occur in the periphery of the magnetic anomaly. These veins were artisanally exploited in old mining works and display different orientations and thicknesses hosted both in sedimentary rocks and the diorite stock. Galena, sphalerite and minor arsenopyrite have been observed in many of these structures. The geochemistry and structure of these veins will be carefully studied to determine their exploration potential.

During the first reconnaissance of the Zorro project, Sable collected 98 rock samples, which are currently being analyzed by ALS Minerals. The Zorro project has excellent road access (23 kilometres from the nearest village), low elevation (2,600 metres above sea level) and opportunity for year-round work, reducing significantly the total exploration costs.

Dr. Ruben Padilla, president and chief executive officer of Sable, commented: "The consolidation of the Zorro land will allow us to explore a high-potential project along a world-class mineral belt with chances of discovering porphyry, epithermal or intrusion-related mineralization. Adding Zorro to our project pipeline shows our commitment to exploration in San Juan, one of the most attractive jurisdictions in the world."

Option agreement details

The binding letter agreement allows the company to continue its due diligence process up until Feb. 28, 2026. In order to earn a 100-per-cent interest in the properties, the company must:

  • Make a payment of $25,000 (U.S.) on the date of signing of the letter of intent (paid);
  • Make a payment of $25,000 (U.S.) on the date of signing the option agreement;
  • Make a payment of $70,000 (U.S.) prior to the first anniversary of the option agreement;
  • Make a payment of $120,000 (U.S.) prior to the second anniversary of the option agreement;
  • Make a payment of $760,000 (U.S.) prior to the third anniversary of the option agreement.

There is 1-per-cent net smelter royalty on the property, which may be purchased by the company for $1-million (U.S.).

Qualified person

Luis Arteaga, MSc, PGeo, vice-president, exploration, is the company's qualified person as defined by National Instrument 43-101. He 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 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, Cerro Negro and Zorro 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.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.