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Sable Extends Margarita Vein Continuity to 750m Along Strike, Intersects 252.01g/t AgEq over 11.3m including 889.5g/t AgEq over 1.3m

 

 

 

 

 

Sable Resources (TSX.V: SAE) is pleased to announce results from drillholes 9 to 12 targeting the Margarita Vein from its ongoing 12-hole drill program at the Margarita Project, Chihuahua State, Mexico. Drillholes M-DDH-18-11 and M-DDH-18-12 are a 250m step-out to the northwest from previously released holes M-DDH-18-05 and M-DDH-18-07. Hole M-DDH-18-09 is located on the same section line than previously released drillhole M-DDH-18-04. Drillhole M-DDH-18-10 is located on the same section line as previously released drillholes DDH-18-06 and 08. These latest results confirm continuity of the Margarita structure over a strike length of 750m.

 

Highlights

 

M-DDH-18-09
111.5 g/t
AgEq over 6.5m from 76.8m to 83.3m
Including
153.1 g/t AgEq over 3.5m from 76.8m to 80.3m

 

M-DDH-18-11
252.01 g/t
AgEq over 11.3m from 57.35m to 68.65m
Including
889.5 g/t AgEq over 1.3m from 62.75m to 64.05m

 

M-DDH-18-12 – Interval 1
98.19 g/t
AgEq over 12.7m from 34.6m to 47.3m
Including
243.69 g/t AgEq over 1.8m from 35.85m to 37.65m

 

Emerging Low-Grade Secondary Halo

 

 

In addition to the high-grade Margarita structure, Sable has identified a low-grade stockwork style of mineralisation evident in numerous holes. Mineralized core from previous holes has been assayed with encouraging results.

 

M-DDH-18-03
50.26 g/t
AgEq over 44.13m from 128.12m to 172.25m
Including
142.3 g/t AgEq over 6.95m from 162.3m to 169.25m

 

M-DDH-18-07
53.97
g/t AgEq over 7.6m from 57.95 to 65.55m

 

M-DDH-18-12
36.53
g/t AgEq over 21.35m from 140.3m to 161.65m

 

 

“We are very pleased to have been able to identify this additional style of mineralization giving us a secondary lower-grade target close to surface as well as the high-grade Margarita structure.” commented Ruben Padilla Vice President of Exploration for Sable. “With the first stage of drilling now complete we will evaluate our results and formulate a plan for stage 2 drilling targeting further extensions of Margarita and the other adjacent parallel veins”

 

 

ABOUT THE MARGARITA PROJECT

 

Acquired as part of Sable Resources Upper Level Epithermal Strategy, the Margarita Project is located in the Satevó Municipality in Chihuahua state, approximately 120km SW of the state capital of Chihuahua City, and 110km NNW of the historic Parral mining district. The Project is located 15km northwest of Sunshine Silver Corp.’s Los Gatos Project, which hosts a 256 million ounces silver-equivalent resource (Pyle. P (2018) Los Gatos Project: Epithermal silver, zinc lead discovery in south Central Chihuahua. Minera Plata Real, Los Gatos Joint Venture Presentation). Hosted in Eocene-Oligocene Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Marie on 2 claims totally encompassed by Sunshine Silver.

 

ABOUT SABLE RESOURCES LTD.

 

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. Sables’ main focus is developing their large portfolio of new greenfields projects to resource stage utilizing their Upper Level Epithermal Strategy. Sable is actively exploring the San Juan Regional Program (48,000ha) incorporating the Don Julio Project in San Juan Province, Argentina, the Mexico Regional Program (1.5Mha), incorporating the Margarita, Vinata and El Escarpe drill ready projects and the BC Intrusion Related Program, Canada (13,600ha) incorporating the drill ready Tulox Project.

 

 

Sample Preparation and QAQC

 

Sample preparation was carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of ALS Minerals, at their laboratory at Chihuahua, State of Chihuahua, Mexico. Analyses were carried out at their laboratory in North Vancouver, British Columbia, Canada. Sample preparation was by drying in an oven at a maximum temperature of 60°C, fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PREP-31).

 

 

Gold was analyzed by fire assay of a 30 g sample split with detection by atomic absorption spectrophotometer (AAS) (code Au-AA23). Multi-elements were analyzed by a four acid, near total digestion of a 1 gram sub-sample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 33 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (code MEICP61).

 

 

This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample matrices. Mercury was analyzed by aqua regia digestion, cold vapor extraction, and AAS detection with a lower limit of detection of 0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

 

 

True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill results, location plan, and sections are available from the Sable website. Silver equivalent is calculated based on USD15.50per Oz for Silver, USD 0.95 per pound for Lead and USD1.20 per pound for Zinc and USD1200 for gold, considering 100% recovery a  (((Au_PPM*38.58)+(Ag_PPM*0.498)+(Pb%*20.94)+(Zn%*26.46))/0.498).

 

 

Qualified Person

 

Luis Arteaga M.Sc. P.Geo. Exploration Manager for Sable Resources and the Company’s Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in this news release.

 

Posted September 12, 2018

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