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.
The definition of the 1,500+m along strike extension of a new vein system largely covered by thin Quaternary gravels is proof of the discovery potential at the El Fierro Vein Field,' stated Dr.
Lagunitas is located 2 km north of La Verde zone. Mineralization at Lagunitas is hosted within a Miocene rhyolite dome and is characterized by silica-clay alteration, quartz-barite veins with pyrite, chalcopyrite, galena, and sphalerite. Most of the structures were entirely concealed beneath 1 or 2 metres of Quaternary gravels and did not have any mining workings associated. The Lagunitas system as known today extends for over 1.5 km in an east-northeast direction and remains open in all directions. Drill holes LV-DH-21-19 and LV-DH-21-20 were the only holes drilled in this structural zone, with Hole 19 returning a wide mineralized intercept and Hole 20 also returning several anomalous intercepts. Known individual veins within the Lagunitas vein system include the Lavanda, Caramelo, Violeta, and the Canela veins.
Drill holes are planned perpendicular to known structures and in some cases, the drill holes intercept additional structures for which true width is not necessarily known. Trenches are excavated to a depth of up to 5m, until reaching the bedrock, then systematically mapped and sampled in channels of maximum 2m; most of the trenches are excavated perpendicular to the structures representing true width. In a few cases, trenches are slightly oblique to the structures representing around 60% true width. Channel samples on outcrops and adits are taken perpendicular to structures and represent true width. Silver equivalent (AgEq) is calculated based on 100% recovery and prices of
ABOUT EL FIERRO PROJECT
ABOUT
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
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.
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.
Contact:
Tel: +1 (520) 488-2520
Email: ruben.padilla@sableresources.com
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