Dr.
Highlights
- New project with excellent location, infrastructure, access, and lower elevation allowing year-round exploration work.
- 100% owned by Sable, never explored, or drilled before.
- Located along a NW regional structure within the fertile San Juan Miocene mineral belt.
- Geophysical, geochemical, and alteration anomalies indicating potential for Miocene porphyry mineralization concealed under Quaternary gravels.
Figure 1.
Figure 2. Location and Metallogenic Regional Context of the Cerro Negro project.
Given the coincidence of magnetic and IP features with localized anomalous rock samples, the company decided to conduct a soil sampling survey using the partial extraction MMI technique (Mobile Metal Ion) to define ionic metal anomalies transported vertically through the gravel cover. The survey consisted of 255 samples collected along the IP lines to compare geochemical and geophysical responses. The MMI results show consistent and significant anomalies of porphyry-related metals like Cu, Au, Ag, Mo within and around the main chargeability anomaly; traditional pathfinders such As, Sb, Tl, Te, Se, Pb, Zn show variable anomalies in different zones of the sampled area.
Figure 3. Magnetics, Chargeability and Resistivity distribution at the
Results of MMI soil sampling can be presented as absolute values of certain element but better expressed as a Response Ratio (RR) which represents the number of times that each value exceeds the background. Normally RR values of 2 or less are considered too close to the background level and therefore not anomalous. Response Ratios of 2 to 5 times background are already considered anomalous (SGS, Technical Bulletin 23, 2005). At Cerro Negro response ratios of up to 70 were obtained for Au; 20 for Cu; 75 for Mo; and 96 for Ag, as well as elevated values for different porphyry pathfinders including up to 2,400 times background for As. Figure 3 shows the calculated response ratios for the main elements along sampling lines 6400 and 7200.
Future Work
The Company is planning the extension of the MMI soils and geophysical surveys over the entirety property to define drill targets on the search of blind Miocene porphyry centers bellow the quaternary gravels.
Figure 4. Distribution of response ratios for main porphyry associated metals.
QUALIFIED PERSON
ABOUT THE CERRO NEGRO PROJECT
Cerro Negro is a new grassroots exploration project product of Sable’s target generation work. Cerro Negro is located in the province of
ABOUT
Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious metal and copper projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions. Sable's focus is developing its large portfolio of new Greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (163,969 ha) incorporating the Don Julio,
For further information, please contact:
Related link: sableresources.com
Neither the
SAMPLE PREPARATION AND QA/QC
Rock samples collected in
Soil samples were collected following the protocols recommended by SGS Minerals. The samples were submitted to SGS labs in
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.
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Figure 1
Cerro Negro project summary looking SSW.
Figure 2
Location and Metallogenic Regional Context of the Cerro Negro project.
Figure 3
Magnetics, Chargeability and Resistivity distribution at the Cerro Negro Project .
Figure 4
Distribution of response ratios for main porphyry associated metals.
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