Sable Resources Ltd. (TSX-V: SAE) (OTCQB: SBLRF) is pleased to announce results from the first two drill holes at the Fierro Bajo zone within El Fierro Project. El Fierro is a historic artisanal silver-rich mining district located 250 km northwest of San Juan city and 120 km north of Sable’s Don Julio Project. Sable is currently advancing the first drilling campaign ever conducted at the Property testing vertical continuity of the outcropping veins.
The Company has received results from the first two holes of the program, while 14 additional holes (550 samples) are currently being analyzed by ALS Minerals. Highlighted results include:
“We’re very pleased to receive the first results from our drill program at El Fierro. With intervals in excess of 1,000 g/t silver equivalent, these first two holes demonstrate the continuity of the outcropping high-grade silver structures at depth. As the first two holes ever drilled in the district, we are greatly encouraged by the potential over the 8.5 km vein strike length defined by our work so far,” stated Ruben Padilla, President and CEO of Sable, who added, “We expect results over the coming weeks from additional completed holes currently in the laboratory where we have intercepted visible polymetallic mineralization.”
Holes FB-DH-21-01 was drilled below a series of artisanal workings and intercepted the mineralized structure approximately 85m below surface (Figure 2); hole FB-DH-21-02A was drilled from the same collar than hole FB-DH-21-02 which hit a void at 65m depth. Hole 2A successfully intercepted mineralization 80m below surface (Figure 3). Both holes targeted the main structure of Fierro Bajo (Vein A) and are separated 440m along strike showing good lateral continuity of the mineralization (Figure 1). Observed mineralization consists of galena, sphalerite, antimony sulphosalts, and minor silica with carbonate. Veins at Fierro Bajo are hosted by Paleozoic chlorite schist, meta-sandstones, and meta-conglomerates.
Figure 1. Location of holes FB-DH-21-01 and FB-DH-21-02A
Mineralization intercepted in drill holes FB-DH-21-01 and FB-DH-21-02 represents between 90% and 100% 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 USD 18 per oz for silver; USD 1,500 per oz for gold; USD 0.85 per pound for lead; USD 1.1 per pound for zinc; and USD 3.0 per pound for copper. Cu, Pb, Zn values lower than 0.1%, and Au values lower than 0.1 g/t have not been considered within the AgEq calculation.
Figure 2. Schematic cross-section along drill hole FB-DH-21-01
showing the reported intercept.
Figure 3. Schematic cross-section along drill hole FB-DH-21-02
showing the reported intercept.
Sable is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 4 pm ET on Wednesday, April 7, 2021. To register, please click on the following link – https://zoom.us/webinar/register/WN_dfVcdRXjRcq-pugCdc4EAQ.
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 San Juan province. The El Fierro Project consists of three main known mineralized areas – Fierro Alto, Fierro Bajo, and La Verde over an area of 8km x 4km. The three areas host a number of old artisanal mining workings where silver, lead and zinc were intermittently mined since the late 1800’s until the 1960s decade; the property has never been drilled. Sable currently controls 46,391 hectares covering all the historically mineralized areas and additional highly prospective ground over a large magnetic anomaly.
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. Sable’s main focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (128,892 ha) incorporating the Don Julio, El Fierro, La Poncha, and los Pumas Projects in San Juan Province, Argentina; and the Mexico Regional Program (1.16Mha in application, 39,000ha titled) incorporating the Vinata and El Escarpe projects.
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