• South32 Agrees to up to 7,000 metres for Second Drill Phase •
The results of the 4,294 metres drilled during the first half of 2022 confirmed the presence of Cu-Au-Mo porphyry style alteration and mineralization associated with the over 5 km long lithocap that extends from La Gringa on the northwest to Poposa on the southeastern limits of the lithocap. Both the proximal alteration at La Gringa and the porphyry phases intercepted at the
"Proving for the first time the transition from advanced argillic alteration into porphyry style mineralization is very significant for the
DJ-DH-22-07 – La Gringa Target *
- 0.33% CuEq (0.16% Cu, 0.2 g/t Au, 1.5 g/t Ag) over 61.9m from 28.5m to 90.4m
- Including
- 0.38% CuEq (0.18% Cu, 0.25 g/t Au, 1.63 g/t Ag) over 17.5m from 28.5m to 46.0m
- 0.35% CuEq (0.18% Cu, 0.21 g/t Au, 1.71 g/t Au) over 34.4m from 56.0m to 90.4m
- 0.39% CuEq (0.13% Cu, 0.33 g/t Au, 1.42 g/t Ag) over 10.6m from 161.2m to 171.8m
- 107.3 ppm Mo over 125.0m from 675.0m to 800.0m
* Full assays for hole DJ-DH-22-07 have not been received. Shown intervals correspond to the upper and lower part of the hole. 285 samples are still being analyzed. |
DJ-DH-22-09 – La Gringa Target
- 0.19% Cu, and 32 ppm Mo over 71.5m from 324.0m to 395.5m
- Including
- 0.21% Cu, and 35 ppm Mo over 46.0m from 339.5m to 385.5m
- 0.12% Cu, and 37 ppm Mo over 48.5m from 404.0m to 452.5m
- 0.11% Cu, and 50 ppm Mo over 45.95m from 459.5m to 505.45m
- 0.11% Cu, and 56 ppm Mo over 8.5m from 556.5m to 565.0m
- 0.10% Cu, and 92 ppm Mo over 11.3m from 611.7m to 623.0m
DJ-DH-22-08 – Punta Cana Target
- 0.27 g/t AuEq (0.12 g/t Au; 3.65 g/t Ag; 0.077% Cu) over 403.0m from 150.0m to 553.0m
- Including
- 0.29 g/t AuEq (0.13 g/t Au; 3.99 g/t Ag; 0.084% Cu) over 351.7m from 150.0m to 501.7m
- Including
- 0.82 g/t AuEq (0.45 g/t Au; 5.30 g/t Ag; 0.23% Cu) over 10.4m from 478.4m to 488.8m
- And
- 0.34 g/t AuEq (0.13 g/t Au; 6.36 g/t Ag; 0.095% Cu) over 192.0m from 258.0m to 450.0m
- Including
- 0.49 g/t AuEq (0.17 g/t Au; 13.82 g/t Ag; 0.12% Cu) over 61.0m from 282.0m to 343.0m
- Including
- 0.64 g/t AuEq (0.19 g/t Au; 24.18 g/t Ag; 0.12% Cu) over 22.4m from 282.0m to 304.4m
DJ-DH-22-06 – Punta Cana Target
- 0.44 g/t AuEq (0.11 g/t Au; 14.08 g/t Ag; 0.12% Cu) over 75.25m from 324.0m to 399.25
- Including
- 0.68 g/t AuEq (0.13 g/t Au; 28.83 g/t Ag; 0.14% Cu) over 29.5m from 335.5m to 365.0m
- 0.29 g/t AuEq (0.14 g/t Au; 2.0 g/t Ag; 0.093% Cu) over 14.0m from 260.5m to 274.5m
The
La Gringa
La Gringa is located on the northern extreme of the Miocene lithocap that characterizes Don Julio. Two holes were drilled following a structural, alteration, and geochemical vector towards the west. Hole 07 successfully went from strong advanced argillic alteration into well-defined sericitic and finally into biotitic alteration. B and A type porphyry veinlets are observed almost from the beginning of the hole but become more frequent and Mo bearing around 450m. Hole 09 was drilled 480m NW of hole 07 and intercepted similar geology reaching biotite alteration around 500m depth; significant molybdenite and minor chalcopyrite mineralization was observed accompanying the porphyry veinlets within the sericitic and biotite zones. Both holes intercepted almost exclusively Carboniferous sediments (sandstone-siltstone) with only minor dacite dykes; the biotite alteration within the sediments is considered proximal to the causative porphyry stock. Searching for such concealed stock will be the focus of the next campaign at La Gringa. Sable notes that full assays for hole DJ-DH-22-07 have not been received, the intercepts shown correspond to the top and bottom parts of the drill hole with the mid section (285 samples) still being analyzed by ALS Minerals.
Poposa
The Poposa target is located on the southwest margin of Don Julio lithocap. Three holes were drilled in this area (DJ-DH-22-01, 02, and 03) targeting concealed porphyry mineralization beneath the outcropping advanced argillic alteration. Although the three holes had stability issues and had to be stopped before reaching the targeted depth, all of them showed transition from advanced argillic into sericitic alteration as well as A and B veinlets towards the end of holes 01 and 02. Along the section shown in Figure 4 gold values were as high as 1.8 g/t Au, 1.96% Cu; and 69 ppm Mo. Poposa is located 4km South of La Gringa target and it is considered to represent a different porphyry center, the target remains open for future drilling.
Porphyry mineralization is characterized by broad zones of disseminated sulfides and vein stockwork, therefore true width cannot be determined at this time. Maps and tables associated with this press release will be available on Sable's website (www.sableresources.com). Mineralization at La Gringa target seems to represent a traditional Cu-Au-Mo porphyry and therefore results are presented as copper equivalent (CuEq) or individual Cu, Mo values. The
Table 1 - Location of holes drilled at the La Gringa, Poposa, and Punta Cana Targets | ||||||
Hole number | Azimuth | Dip | Depth | Northing | Easting | Elevation |
DJ-DH-22-01 | 60 | 55 | 403.5 | 6623691 | 2433221 | 5012 |
DJ-DH-22-02 | 220 | 65 | 442.8 | 6624041 | 2433628 | 4874.8 |
DJ-DH-22-03 | 240 | 80 | 506.0 | 6623692 | 2433213 | 4998 |
DJ-DH-22-04 | 80 | 50 | 251.0 | 6624311 | 2431491 | 4766 |
DJ-DH-22-05 | 165 | 55 | 263.0 | 6624310 | 2431492 | 4766 |
DJ-DH-22-06 | 190 | 60 | 402.2 | 6623846 | 2431661 | 4985 |
DJ-DH-22-07 | 230 | 80 | 800.0 | 6627097 | 2432514 | 4360 |
DJ-DH-22-08 | 150 | 60 | 602.0 | 6623847 | 2431661 | 4985 |
DJ-DH-22-09 | 150 | 80 | 623.0 | 6627441 | 2432193 | 4286 |
Table 2 - Significant Intercepts for Reported Holes | ||||||||||
Hole | From | To | Interval | Ag | Au | Cu | Mo | Zn | CuEq | AuEq |
DJ-DH-22-06 | 155.50 | 193.10 | 37.60 | 6.66 | 0.067 | 0.0214 | 0.13 | |||
DJ-DH-22-06 | 260.50 | 274.50 | 14.00 | 2.00 | 0.14 | 0.093 | 0.29 | |||
DJ-DH-22-06 | 324.00 | 399.25 | 75.25 | 14.08 | 0.11 | 0.12 | 0.44 | |||
Including | 335.50 | 365.00 | 29.50 | 28.83 | 0.13 | 0.14 | 0.68 | |||
DJ-DH-22-07 | 28.50 | 90.40 | 61.90 | 1.50 | 0.20 | 0.16 | 0.33 | |||
Including | 28.50 | 46.00 | 17.50 | 1.63 | 0.25 | 0.18 | 0.38 | |||
And | 56.00 | 90.40 | 34.40 | 1.71 | 0.21 | 0.18 | 0.35 | |||
DJ-DH-22-07 | 161.20 | 171.80 | 10.60 | 1.42 | 0.33 | 0.13 | 0.39 | |||
DJ-DH-22-07 | 675.00 | 800.00 | 125.00 | 107.3 | ||||||
DJ-DH-22-08 | 150.00 | 553.00 | 403.00 | 3.65 | 0.12 | 0.077 | 0.27 | |||
Including | 478.40 | 488.80 | 10.40 | 5.30 | 0.45 | 0.23 | 0.82 | |||
And | 150.00 | 501.70 | 351.70 | 3.99 | 0.13 | 0.084 | 0.29 | |||
Including | 258.00 | 450.00 | 192.00 | 6.36 | 0.13 | 0.095 | 0.34 | |||
Including | 282.00 | 343.00 | 61.00 | 13.82 | 0.17 | 0.12 | 0.49 | |||
Including | 282.00 | 304.40 | 22.40 | 24.18 | 0.19 | 0.12 | 0.64 | |||
DJ-DH-22-09 | 286.60 | 298.30 | 11.70 | 0.11 | ||||||
DJ-DH-22-09 | 324.00 | 395.50 | 71.50 | 0.19 | 32.0 | |||||
Including | 339.50 | 385.50 | 46.00 | 0.21 | 35.0 | |||||
DJ-DH-22-09 | 404.00 | 452.50 | 48.50 | 0.12 | 37.0 | |||||
DJ-DH-22-09 | 459.50 | 505.45 | 45.95 | 0.11 | 50.0 | |||||
DJ-DH-22-09 | 556.50 | 565.00 | 8.500 | 0.11 | 56.0 | |||||
DJ-DH-22-09 | 611.70 | 623.00 | 11.30 | 0.10 | 92.0 |
The Don Julio project comprises 69,350 hectares in the Cordillera Frontal in
Sable is a well-funded junior grassroots explorer focused on the discovery of new precious and base metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable's focus is developing its large portfolio of new Greenfields projects to resource level. Sable is actively exploring the
South32 is a globally diversified mining and metals company. The company's purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. South32 is trusted by its owners and partners to realise the potential of their resources. South32 produces commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from its operations in
Related link: sableresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the
Sample preparation for projects in Argentina is carried out by ALS Chemex Argentina, a subsidiary of ALS Minerals, at its facility located in
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.
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
© Canada Newswire, source