- Drillhole LV-DH-21-08 is the first drillhole ever drilled at La Verde.
- Results confirm vertical continuity of the La Verde structure from outcrop at surface to a depth of approximately 80m.
- LV-DH-21-08 is one of seven holes planned to test the strike continuity of the La Verde structure over a strike length of 1,500m as defined by small mining works, geophysics and a coincident gold bearing boulders trail.
- In conjunction with the silver-rich polymetallic values seen throughout the El Fierro project, La Verde also shows higher gold content, here intercepting values up to 49.8 g/t.
- Sable has completed 23 drillholes of the 3,000m program planned at the
El Fierro Project of which six holes have received results.
The Company is awaiting assay results from 757 samples (17 drillholes) currently at the laboratory.
Samples from drillhole LV-DH-21-08 were rushed following the observation of significant visible polymetallic mineralization in the drill core. Highlights from this hole include:
546.78 g/t AgEq over 9.95m from 78.35 to 88.3m
(4.29 g/t Au; 110.67 g/t Ag; 0.135% Cu; 0.58% Pb; 1.06% Zn)
Including
1,429.2 g/t AgEq over 3.7m from 80.9 to 84.6m
(11.53 g/t Au; 281.89 g/t Ag; 0.48% Cu; 1.35% Pb; 2.5% Zn)
Including
4,381.1 g/t AgEq over 0.5m from 81.4 to 81.9m
(49.8 g/t Au; 55.6 g/t Ag; 0.34% Pb; 3.83% Zn)
"The excellent results from hole 8 clearly demonstrate the potential of La Verde vein, with consistent Ag, Pb, Zn, Cu values over a 10 metre intercept. The gold grades of up to nearly 50 g/t exhibited in this drillhole show that El Fierro is not only a silver district," commented
Mineralization observed in hole LV-DH-21-08 consists of specularite, magnetite, sphalerite, galena, and chalcopyrite within a banded quartz vein and associated fault breccia. The Verde vein is hosted within a structural zone which crosscuts a Miocene ignimbrite sequence. Besides the highlighted interval, the hole also returned other anomalous intercepts detailed in Table 1. Four additional holes of a planned seven holes have been completed along the strike of the Verde vein with similar mineralization observed. Results are pending.
The Company also received results from three holes at the Fierro Bajo zone. Drillhole FB-DH-21-03 intercepted the main
Mineralization intercepted in drill holes FB-DH-21-03, FB-DH-21-04, and LV-DH-21-08 represents between 80% 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 18.00 per oz for silver; USD 1,500 per oz for gold; USD 0.85 per pound for lead; USD 1.10 per pound for zinc; and USD 3.00 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.
Sable is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at
Figure 1. Location of reported holes
Figure 2. Detailed location of hole LV-DH-21-08 at
Figure 3. Schematic cross-section along drillhole LV-DH-21-08 showing the reported intercepts
showing the reported intercepts
Table 1 - Anomalous Intercepts from Reported Holes | |||||||||
Hole | From | To | Interval | AgEq (g/t) | Ag (g/t) | Au (g/t) | Cu (%) | Pb (%) | Zn (%) |
FB-DH-21-03 | 97.85 | 98.85 | 1.00 | 12.97 | 11.15 | 0.056 | |||
FB-DH-21-04 | 56.85 | 57.35 | 0.50 | 854.78 | 776 | 1.71 | 0.55 | ||
LV-DH-21-08 | 78.35 | 88.3 | 9.95 | 546.78 | 110.67 | 4.29 | 0.13 | 0.58 | 1.06 |
including | 80.90 | 84.60 | 3.70 | 1,429.2 | 281.89 | 11.53 | 0.48 | 1.35 | 2.5 |
including | 81.40 | 81.90 | 0.50 | 4,381.1 | 55.6 | 49.8 | 0.34 | 3.83 | |
and | 82.40 | 83.85 | 1.45 | 1,534.3 | 476.07 | 10.06 | 0.59 | 1.56 | 2.41 |
LV-DH-21-08 | 96.60 | 97.10 | 0.50 | 39.12 | 5.0 | 0.1 | 0.64 | ||
LV-DH-21-08 | 126.4 | 126.9 | 0.50 | 149.76 | 46.70 | 0.14 | 0.14 | 2.12 | 0.16 |
Table 2 – Location of Reported Drillholes | |||||||
Hole | Azimuth | Dip | Depth | Zone | Easting | Northing | Elevation |
FB-DH-21-01 | 45 | -45 | 219.7 | 2459235 | 6742962 | 3,765 | |
FB-DH-21-02 | 45 | -45 | 83.6 | 2459633 | 6742773 | 3,629 | |
FB-DH-21-02-A | 45 | -60 | 121 | 2459633 | 6742773 | 3,629 | |
FB-DH-21-03 | 40 | -55 | 128.5 | 2459735 | 6742684 | 3,645 | |
FB-DH-21-04 | 52 | -60 | 94 | 2459281 | 6742875 | 3,789 | |
FB-DH-21-05 | 40 | -60 | 135 | 2460064 | 6742656 | 3,743 | |
LV-DH-21-08 | 5 | -55 | 150 | La Verde | 2453230 | 6745291 | 4,342 |
ABOUT EL FIERRO PROJECT
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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
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Neither the
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in
Gold was analyzed by fire assay of a 30 g sample split with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES); multi-elements were analyzed by an aqua regia digestion of a 1 gram sub-sample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 35 elements (Ag, Al, As, B, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (codes Au-ICP21 and ME-ICP41). This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample matrices. Over limit Ag, Cu, Pb, Zn OG46 analyses are conducted when samples exceed the upper detection limits; this method includes Aqua Regia digestion and ICP-AES finish. For Pb>20%, and Zn>30%, tritration method is applied (Pb-VOL70, Zn-VOL50). Method Ag-GRA22 which includes Fire Assay with gravimetric finish is applied when Ag exceeds 1500 g/t. Control samples (standards, blanks, and duplicates) are inserted systematically and their results evaluated according to the Company protocols.
QUALIFIED PERSON
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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