2020-08-12 07:06 ET - News Release
Mr. Ruben Padilla reports
SABLE DEFINES HIGH-GRADE SILVER MINERALISATION OVER 2KM BY 500M AREA AT EL FIERRO
Sable Resources Ltd. has received additional results from El Fierro Bajo zone at its recently optioned El Fierro project in San Juan, Argentina. Mapping and sampling have identified four discrete outcropping structures (vein A, vein B, vein C and North vein) over a two-kilometre-by-500-metre footprint, open along strike in both directions. Veins A, B and C all returned assays over one kilogram silver equivalent.
"We are very impressed with the grades and continuity found at El Fierro Bajo. These at surface veins demonstrate high-grade cores with well-mineralized halos of up to seven m," commented Ruben Padilla, president and chief executive officer of Sable. "With these encouraging results, the company plans on undertaking some additional sampling and geophysics to advance the project quickly to drill stage. Mapping will also continue on structures at Fierro Alto located six km west of Fierro Bajo to define the full extent of this strong mineralized system."
Highlighted results:
Vein A:
- 1,859.65 grams per tonne silver equivalent (1,300 g/t silver, 16.25 per cent lead, 0.138 per cent copper and 0.222 per cent zinc) grab sample;
- 1,159.66 g/t AgEq (832 g/t Ag and 9.94 per cent Pb) over 0.75 m channel sample:
- Within 564.49 g/t AgEq (404.95 g/t Ag and 4.84 per cent Pb) over 1.55 m channel sample;
- 971.76 g/t AgEq (648 g/t Ag, 9.43 per cent Pb and 0.312 per cent Zn) over 0.4 m channel sample:
- Within 287.56 g/t AgEq (192.9 g/t Ag, 2.52 per cent Pb and 0.28 per cent Zn) over 3.85 m channel sample;
- 684.54 g/t AgEq (490 g/t Ag, 5.77 per cent Pb and 0.105 per cent Zn) over 0.2 m channel sample:
- Within 2.9 m at 71.46 g/t AgEq (51.79 g/t Ag, 0.465 per cent Pb and 0.105 per cent Zn) channel sample;
- 687.55 g/t AgEq (410 g/t Ag and 8.42 per cent Pb) over 1.2 m channel sample;
- 412.42 g/t AgEq (301 g/t Ag and 3.38 per cent Pb) over 0.4 m channel sample:
- Within 47.78 g/t AgEq (34.92 g/t Ag; and 0.39 per cent Pb) over 7.35 m channel sample;
- 395.64 g/t AgEq (215 g/t Ag and 5.48 per cent Pb) over 1.0 m channel sample;
- 378.07 g/t AgEq (236 g/t Ag and 4.31 per cent Pb) over 0.5 m channel sample.
B vein:
- 1,538.53 g/t AgEq (1,490 g/t Ag, 0.43 per cent Pb and 0.83 per cent Zn) grab sample;
- 472.18 g/t AgEq (291 g/t Ag, 0.142 per cent Cu, 4.4 per cent Pb and 0.50 per cent Zn) over 0.9 m channel sample;
- 228.82 g/t AgEq (85.4 g/t Ag, 4.18 per cent Pb and 0.136 per cent Zn) over 1.2 m channel sample.
C vein:
- 1,726.03 g/t AgEq (1,040 g/t Ag, 0.20 per cent Cu, 20 per cent Pb and 0.11 per cent Zn) over 0.25 m channel sample;
- 466.81 g/t AgEq (254 g/t Ag, 5.97 per cent Pb and 0.38 per cent Zn) over 0.3 m channel sample:
- Within 132.05 g/t AgEq (72.33 g/t Ag, 1.41 per cent Pb and 0.32 per cent Zn) over 1.8 m channel sample.
North vein:
- 673.41 g/t AgEq (235 g/t Ag and 13.3 per cent Pb) grab sample;
- 380.90 g/t AgEq (191 g/t Ag, 0.16 per cent Cu and 5.24 per cent Pb) grab sample .
The company notes that these selected samples are not necessarily representative of the mineralization hosted on the El Fierro property. Channel samples have been taken from accessible places where the veins were not fully mined; grab samples were collected from waste piles outside of the adits. Sable will conduct additional underground sampling after rehab of some of the shafts.
Maps and tables with the details of highlighted results are available on Sable's website. Silver equivalent is calculated considering a 100-per-cent recovery and based on prices of $17.89 (U.S.) per ounce for silver, 86 U.S. cents per pound for lead, $1.08 (U.S.) per pound for zinc and $2.80 (U.S.) per pound for copper when a width is shown in the results, the samples are channels perpendicular to the structures representing true width.
The El Fierro project is located 250 km northwest of San Juan, Argentina, and 120 km north of Sable's Don Julio project in one of the best-known historical mining districts in the San Juan province. The El Fierro project consists of two main known mineralized areas, Fierro Alto and Fierro Bajo, over a trend of six km. Both areas host a significant number of old mining workings where silver, lead and zinc were intermittently mined since the late 1800s until the 1960s; the property has never been drilled. Sable recently signed two option agreements covering 6,054 hectares and the company controls all the historically known mineralized zones at El Fierro (see May 14, 2020, press release).
Sable is providing an opportunity for shareholders and other interested parties to participate in a webinar to be held at 4 p.m. Eastern Time on Thursday, Aug. 13.
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 greenfields projects to resource stage utilizing its upper level epithermal strategy.
Sample preparation and quality assurance/quality control
Sample preparation for projects in Argentina is carried out by ALS Chemex Argentina, a subsidiary of ALS Minerals, at its facility located in Mendoza, Argentina. Analyses are carried out at its laboratory in Lima, Peru. Sample preparation includes 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 g split to at least 85 per cent passing 75 microns (code PREP-31).
Gold was analyzed by fire assay of a 30 g sample split with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES (inductively coupled plasma atomic emission spectroscopy); multielements were analyzed by an aqua regia digestion of a one-gram subsample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 35 elements (Ag, Al, As, B, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (codes Au-ICP21 and ME-ICP41). This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample matrices. Overlimit Ag, Cu, Pb and Zn OG46 analyses are conducted when samples exceed the upper detection limits; this method includes aqua regia digestion and ICP-AES finish. Method Ag-GRA21, which includes fire assay with gravimetric finish, is applied when Ag exceeds 1,500 g/t. Control samples (standards, blanks and duplicates) are inserted systematically and their results evaluated according to the company protocols.
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.
We seek Safe Harbor.
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