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    SAE   CA7857133069


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Sable Initiates Summer Activities in San Juan Projects in Argentina

10/14/2021 | 07:00am EST

Sable Resources Ltd. reported that it has initiated exploration activities at all of its projects in San Juan, Argentina. At the El Fierro Project, the Company plans to undertake a second phase of drilling and will continue district exploration work in the El Fierro large and prospective land package. The camp is now fully functional and the geology team has initiated mapping and prospecting activities. Quantec Argentina has already acquired around 30% of a 900 line kilometre Ground Magnetics survey to expand the 264 line kilometres acquired last season. The construction of roads and drill pads is quickly advancing and drilling is expected to start in few days. Sable has engaged two rigs from Foraco Argentina for this drill campaign. At theDon Julio Project, the Company is finalizing drill preparations to initiate drilling on bulk-tonnage porphyry – skarn targets. Installation of the Don Julio camp has been completed and road maintenance is scheduled to begin immediately. Sable's geologists will initiate mapping next week and by the end of October Quantec Argentina will begin a 180 line kilometre Ground Magnetics survey that will complement the 400 line kilometre UAV Magnetics survey completed last season. Sable has signed a contract with EcoMinera drilling for the drilling of Don Julio Project scheduled to begin in January 2022. Exploration work at Don Julio is fully funded by Sable's joint venture partner South32. At theLos Pumas Project, ongoing field work following up on the large number of high-grade sub outcrops discovered during the last field season will define drill targets. A small camp has been built at Los Pumas Project and mapping and trenching has already begun. Trenching will be conducted in all the Au-Ag-Cu anomalous zones discovered in the project over an area of 6 kilometres by 4 kilometres. Exploration work at Los Pumas is fully funded by South 32, Sable's joint venture partner. At theLa Poncha Project, the Company's activities this field season are focused on finalizing drill preparation and initiation of drilling the two known Gold-Copper porphyry bulk-tonnage targets. Road maintenance is underway between the village of Colanguil and La Poncha Project to allow for the construction of the camp which is scheduled for completion by the end of October. Drilling at La Poncha is expected to start by the end of November. ConoSur Drilling has been engaged for the drilling of La Poncha Project this season.

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More news
Sales 2020 - - -
Net income 2020 4,41 M 3,45 M 3,45 M
Net cash 2020 20,3 M 15,9 M 15,9 M
P/E ratio 2020 17,5x
Yield 2020 -
Capitalization 52,6 M 41,2 M 41,2 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 75,6%
Duration : Period :
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Managers and Directors
Ruben Padilla President, Chief Executive Officer & Director
Kelso Cartwright Chief Financial Officer
Thomas J. Obradovich Executive Chairman
Brent Gilchrist Independent Director
AndrÚs Tinajero Independent Director
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