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    SAE   CA7857133069

SABLE RESOURCES LTD.

(SAE)
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Sable Resources Ltd. Announces Drilling and Surface Results from the Lagunitas Vein System

08/24/2021 | 07:00am EDT

Sable Resources Ltd. announced drilling and surface results from the Lagunitas vein system, the latest discovery within El Fierro Project in San Juan, Argentina. In early February, Sable started the first drill campaign ever conducted at the Project. Surface samples and drill holes included in previous press releases reported multiple high-grade Ag-Au (Pb-Zn) results within a vein field that extends for over an area of 8.6 x 6.2 km. Key Points: Trenching and mapping of a few small outcrops define the new vein system for over 1,500m, remaining open in all directions. None of the high-grade veins released were outcropping. Samples results from trenching returned high-grade values from at least three different veins within the Lagunitas vein system. Highlighted results from these veins include: Caramelo Vein: 1,031 g/t AgEq (127 g/t Ag; 0.75% Cu; 12.35% Pb; 10.01% Zn) over 1.0 Within 156.69 g/t AgEq (53.07 g/t Ag; 0.1% Cu; 1.28% Pb; 1.19% Zn) over 12. Almendra Vein: 1,101.74 g/t AgEq (289 g/t Ag; 2.67 g/t Au; 0.94% Cu; 8.26% Pb; 5.13% Zn) over 1.0m; 689 g/t AgEq (605 g/t Ag; 0.13 g/t Au; 0.84% Pb; 1.08% Zn) over 1.4m. Canela Vein: 538.31 g/t AgEq (11.5 g/t Ag; 0.1% Cu; 0.2% Pb; 12.15% Zn) over 0.25m. Drill hole LV-DH-21-19 was collared targeting a subcropping quartz vein in a highly covered zone. The hole intercepted 356.30 g/t AgEq (237.54 g/t Ag; 2.21% Pb; 1.11% Zn) over 2.40m within a wide fault zone that includes multiple veins, veinlets, and fault breccias returning 87.31 g/t AgEq (35.27 g/t Ag; 0.71% Pb; 0.68% Zn) over 40.6m.


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 4,41 M 3,57 M 3,57 M
Net cash 2020 20,3 M 16,4 M 16,4 M
P/E ratio 2020 17,5x
Yield 2020 -
Capitalization 63,6 M 51,7 M 51,6 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 67,5%
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Ruben Padilla President, Chief Executive Officer & Director
Kelso Cartwright Chief Financial Officer
Thomas J. Obradovich Executive Chairman
Brent Gilchrist Independent Director
Andrés Tinajero Independent Director
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