The current Phase II drill program commenced in late
Sable has received results from the first 15 drill holes of the Phase II drill program, while 16 additional holes (322 samples) are currently being analyzed by ALS Minerals. Eight of the holes received are located in the central portion of La Verde vein (see Figure 1) and have all returned significant results (see Table 1). The seven additional holes tested reconnaissance targets in the Fierro Bajo area but did not return significant results.
Ruben Padilla, President and CEO of Sable stated, "We are pleased with the latest drill results reporting significant silver, gold, and base metals. We're having a good percentage of vein intercepts at La Verde, which, together with Lagunitas are two of the largest known vein systems at
Highlighted intercepts include:
Hole LV-DH-21-43
- 324.14 g/t AgEq (68.3 g/t Ag; 1.95 g/t Au; 2.6% Pb; 0.21% Zn) over 0.60m from 21.40 to 22.00m
- 269.72 g/t AgEq (66.61 g/t Ag; 1.26 g/t Au; 0.33% Cu; 0.97% Pb; 0.65% Zn) over 5.60m from 26.60 to 32.20m
Including
- 753.85 g/t AgEq (42.35 g/t Ag; 5.53 g/t Au; 0.48% Cu; 2.51% Pb; 2.73% Zn) over 1.0m from 27.10 to 28.10m
- 981.08 g/t AgEq (63 g/t Ag; 7.84 g/t Au; 0.64% Cu; 3.37% Pb; 1.97% Zn) over 0.50m from 27.10 to 27.60m
- 341.97 g/t AgEq (171 g/t Ag; 1.09 g/t Au; 0.39% Cu; 0.66% Pb; 0.31% Zn) over 0.50m from 31.10 to 31.60m
Hole LV-DH-21-36
- 353.98 g/t AgEq (167 g/t Ag; 0.72 g/t Au; 0.61% Cu; 1.23% Pb; 0.39% Zn) over 1.25m from 38.40 to 39.65m
Hole LV-DH-21-43 is located 110m north of LV-DH-21-12 drilled during last campaign and which intercepted several mineralized zones on the margins of mafic dykes. Drill hole 43 was drilled from north to south targeting a mineralized zone returning 1,011.3 g/t AgEq over 2.2m discovered in trench TLV-009 (see Sable news release dated
Table 1 – Anomalous Intercepts from Reported Holes | |||||||||
Hole | From | To | Interval | AgEq (g/t) | Ag (g/t) | Au (g/t) | Cu (%) | Pb (%) | Zn (%) |
LV-DH-21-28 | 11.40 | 12.00 | 0.60 | 219.32 | 24.2 | 1.67 | 0.99 | 0.57 | |
FB-DH-21-35 | 116.50 | 117.00 | 0.50 | 112.09 | 104 | 0.25 | |||
LV-DH-21-36 | 38.40 | 39.65 | 1.25 | 353.98 | 167.0 | 0.72 | 0.61 | 1.23 | 0.29 |
LV-DH-21-37 | 71.80 | 72.80 | 1.00 | 277.43 | 108.15 | 0.87 | 0.77 | 0.1 | 0.1 |
Including | 71.80 | 72.30 | 0.50 | 355.22 | 191.0 | 1.46 | 0.32 | ||
LV-DH-21-38 | 40.75 | 41.25 | 0.50 | 228.31 | 59.0 | 0.28 | 0.11 | 3.71 | 0.29 |
LV-DH-21-40 | 17.50 | 18.00 | 0.50 | 200.49 | 46.8 | 0.58 | 0.14 | 2.39 | 0.55 |
LV-DH-21-42 | 137.45 | 137.95 | 0.50 | 372.44 | 161.0 | 1.18 | 0.46 | 1.49 | 0.26 |
LV-DH-21-43 | 21.40 | 22.00 | 0.60 | 324.14 | 68.3 | 1.95 | 2.6 | 0.21 | |
LV-DH-21-43 | 26.60 | 32.20 | 5.60 | 269.72 | 66.61 | 1.26 | 0.33 | 0.97 | 0.65 |
Including | 27.10 | 28.10 | 1.00 | 753.85 | 42.35 | 5.53 | 0.48 | 2.51 | 2.73 |
Including | 27.10 | 27.60 | 0.50 | 981.08 | 63.0 | 7.84 | 0.64 | 3.37 | 1.97 |
And | 31.10 | 31.60 | 0.50 | 341.97 | 171 | 1.09 | 0.39 | 0.66 | 0.31 |
Mineralization intercepted in reported drill holes represents between 60% and 90% true width. Maps and tables associated with this press release will be available on Sable's website (www.sableresources.com). Silver equivalent (AgEq) is calculated based on 100% recovery and prices of
Table 2. Location of Reported Holes | |||
Hole number | North | East | Elevation |
FB-DH-21-26 | 6743035 | 2459259 | 3763 |
FB-DH-21-27 | 6742850 | 2459239 | 3795 |
FB-DH-21-29 | 6742803 | 2459556 | 3779 |
FB-DH-21-35 | 6742852 | 2459442 | 3772 |
LV-DH-21-28 | 6745270 | 2452639 | 4589 |
LV-DH-21-31 | 6745261 | 2452692 | 4595 |
LV-DH-21-33 | 6745160 | 2452659 | 4569 |
LV-DH-21-36 | 6745324 | 2453289 | 4586 |
LV-DH-21-37 | 6745296 | 2453291 | 4597 |
LV-DH-21-38 | 6745324 | 2453175 | 4616 |
LV-DH-21-39 | 6745290 | 2453176 | 4626 |
LV-DH-21-40 | 6745321 | 2453073 | 4635 |
LV-DH-21-41 | 6745329 | 2452949 | 4654 |
LV-DH-21-42 | 6745246 | 2453229 | 4623 |
LV-DH-21-43 | 6745407 | 2453386 | 4558 |
Sable is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at
In other news, the Company has entered into a market making services agreement with
The engagement is effective February 1, 2022 and has an initial term of three months. Thereafter, the engagement will automatically renew for successive one-month terms until terminated by either party upon 30 days prior written notice. Under the terms of the ITG Agreement, ITG will receive $5,000 per month, plus applicable taxes, payable on the first business day of each month. There are no performance factors contained in the ITG Agreement, and ITG will not receive common shares or options as compensation. To the knowledge of the Company, neither ITG nor its principals own any securities in the capital of Sable.
ITG is an independent, privately held broker-dealer based in Toronto,
The ITG Agreement is subject to the approval of the TSXV.
ABOUT EL FIERRO PROJECT
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
ABOUT
Sable is a well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the
SAMPLE PREPARATION AND QA/QC
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 their laboratory in
Gold was analyzed by fire assay of a 30 g sample split with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES); multi-elements were analyzed by aqua regia digestion of a 1 gram sub-sample 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. Over limit Ag, Cu, Pb, Zn OG46 analyses are conducted when samples exceed the upper detection limits; this method includes Aqua Regia digestion and ICP-AES finish. Method Ag-GRA22 which includes Fire Assay with gravimetric finish is applied when Ag exceeds 1500 g/t. Tritration method is applied when Pb and Zn exceed 20 and 30%, respectively (codes Pb-VOL70 and Zn-VOL50). Control samples (standards, blanks, and duplicates) are inserted systematically, and their results evaluated according to the Company protocols.
QUALIFIED PERSON
Luis Arteaga M.Sc. P.Geo., Vice President Exploration is the Company's Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this news release.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Sable's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Although such statements are based on reasonable assumptions of Sable's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While Sable considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and Sable is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
SOURCE
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