Sable Resources (TSX.V: SAE) is pleased to announce results from the first two drill holes targeting the Margarita Vein in its ongoing 12-hole drill program at the Margarita Project, Chihuahua State, Mexico. Both holes intersected the target with hole M-DDH-05 also intercepted a previously unknown structure at depth. Results confirm vein strike continuity for at least 500 meters to a depth of 50 meters from surface with weighted average grades ranging from 190g/t to 462g/t AgEq over thicknesses of 4.25 to 8.70 meters. True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill results, location plan, sections and core photos are available from the Sable website.
This is the first time the Margarita project has been drilled and constitutes a new discovery for Sable.
Holes M-DDH-06 to 08 have been completed and are awaiting results. Similar vein textures have been intersected in these holes across similar widths down to a depth of 100m from surface. M-DDH-09 is currently underway.
“We are excited by the grades and widths returned by the first two holes ever drilled in the Margarita Vein”, stated Ruben Padilla, VP Exploration of Sable Resources. “These results clearly demonstrate that we are at the right erosional level with good preservation of the best part of the veins starting right at surface and still open at depth. We will continue the systematic drill test along the 1.6 km of known extension of the Margarita vein and along the other three veins identified within the property limits.”
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.
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 lies on strike with Sunshine Silver Corp.’s Los Gatos Project, which hosts a Measured and Indicated 9.2 million tonnes resource containing 178 million ounces silver-equivalent (Sunshine Silver Mining and Refining website published NI 43-101 report titled “Feasibility Study of the Cerro Los Gatos Silver-Lead-Zinc Deposit Los Gatos Project” January 2017). Hosted in Eocene-Oligocene Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Maria on 2 claims totally encompassed by Sunshine Silver.
|Hole ID||From||To||Core Length||Ag (g/t)||Pb (ppm)||Zn (ppm)||AgEq (g/t)|
|*||Weighted average composites. All other intervals are actual results.|
Drill Hole Orientations
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We acknowledge the [financial] support of the Government of Canada.