Sable Resources Ltd. announced initial sampling results from the recently discovered Zonda and Campamento targets located within the La Poncha project in San Juan, Argentina. Both areas were discovered during the regional exploration work conducted last season across the large land package controlled by the Company at La Poncha Project. At the Zonda target, 173 rock samples were collected with values up to 16.8 g/t Au, 53 g/t Ag and 1.1% Cu.

At the Campamento target, 73 rock samples were collected with valuesup to 1.5% Cu, 154 g/t Ag, 3.1% Pb, 1.8% Zn and 2.07 g/t Au. Highlighted samples from the Campamento target. In March 2021, the Company signed an option agreement for the La Poncha Project comprising 18,114 hectares and located 69 km north of Don Julio and 50 km south of the El Fierro Project.

The La Poncha Project was explored by at least three companies in the past including Golden Arrow (2008), Teck (2009), and Genesis Minerals (2012). These companies completed limited drilling on the property with several encouraging intercepts publicly released at the time. Historical highlights obtained by Golden Arrow in 2008 include 266m @ 1.21 g/t Au and 3.30 g/t Ag (129m - 395m); 61m @ 3.04 g/t Au and 7.16 g/t Ag (270m - 331m) and multiple other intercepts from 2008.

In 2022, Sable drilled 2,216m at the Poncha North target obtaining long intercepts of strongly anomalous gold.