Sable Resources Ltd. announce initial results of the ongoing drilling program at the Don Julio Project in San Juan, Argentina. The Company has received full results from the first three holes drilled this exploration season, located within La Gringa target: DJ-DH-22-10, DJ-DH-22-11, and DJ-DH-23-12. All exploration expenditures at Don Julio are fully funded under the Earn-In Agreement between the Company and South32, signed in 2021.

DJ-DH-22-12 (Hole 12) was drilled 800m west of DJ-DH-22-07, completed last season, targeting a large chargeability anomaly identified at the La Gringa target. Mineralization intercepted by hole 12 was completely covered by thin quaternary gravels and consists of chalcopyrite, tennantite, enargite, and sphalerite, typical of deep levels of the high-sulfidation environment. The hole cut at least three zones of massive sulfides, breccias, and stockworks which geometry is not fully understood yet.

Hole DJ-DH-23-14 was drilled in the opposite direction to hole 12 to understand the geometry of the mineralization with results still pending. The mineralization style resembles high-sulfidation deposits such as Cukaru Peki located in the district of Bor in Serbia and other deep level Cu-Au high-sulfidation systems. DJ-DH-22-10 (Hole 10) targeted a magnetic anomaly combined with low resistivity and geochemical anomalies from historical hole ATW-03. The hole was dominated by advanced argillic alteration transitioning into sericite-illite with presence of A and B veinlets.

 Although the hole did not reach potassic alteration, it extended the porphyry environment at least 900m from hole DJ-DH-22-07 drilled last year. It intercepted a significant number of high-sulfidation structures with Au-Cu anomalies characterized by tennantite, enargite, and pyrite. DJ-DH-22-11 (Hole 11) was planned to follow up on biotite alteration and early porphyry veining encountered in holes DJ-DH-22-07 and DJ-DH-22-09 from last season. The hole is located 580m west from DJ-DH-22-07.

Hole 11 intercepted a similar alteration transition from advanced argillic (kaolinite-alunite-pyrophyllite), progressing into sericite-illite and then going into strong biotite alteration with abundant A and B type veinlets. The hole was showing a positive increase in molybdenite, chalcopyrite and veinlets, when it had to be abandoned due to technical problems at 833m. Porphyry mineralization is characterized by broad zones of disseminated sulfides and vein stockwork; high-grade Cu-Au mineralization intercepted in hole 12 consists of irregular zones of semi-massive sulfides, sulfide-rich breccias, and stockworks; therefore, true width cannot be determined at this time.

CuEq and AuEq were calculated based on 100% recovery and prices of USD 1,500 per oz for gold; USD 18.00 per oz for Ag; USD 3.00 per pound for copper; USD 10.00 per pound of molybdenum, and USD 1.10 per pound of zinc.