- Today's release discloses results from the second surface sampling campaign of 51 samples
- Best results received were 4,552 g/t AgEq (3,840 g/t Ag, 19.8% Pb, and 0.56% Cu) from the Verde vein
- Surface mapping and trenching has now increased the Verde trend from 1,000m to 4,100m, including the main Verde vein which has been extended to 2.2km along strike
- Drilling at La Verde will commence in March with 10 holes planned to test vertical extent
- La Verde is one of three vein zones that comprise the 8km by 5.5 km
El Fierro Vein Field
Results from the first reconnaissance visit to La Verde were released on
In
Of the 59 rock samples that have been collected at La Verde, 18 samples show values higher than 500 g/t AgEq and 11 samples have values above 1,000 g/t Ag Eq with the highest value being 4,552 g/t AgEq (3,840 g/t Ag, 19.8% Pb, and 0.56% Cu) from the Verde vein (see Figures 3 to 5).
"La Verde is growing rapidly and showing very good potential with excellent vein continuity and consistent high-grades. In a short period of time, we have increased the strike length of known veins from one kilometre to over four kilometres," stated Dr.
Highlights
The table below includes highlighted results from all rock samples from La Verde area.
Sample | Type | Size | AgEq (g/t) | Ag (g/t) | Au (g/t) | Cu % | Pb % | Zn % |
E04077 | Grab | 4552.22 | 3840 | 0.045 | 0.557 | 19.8 | 0.0861 | |
E13744 | Grab | 2581.98 | 784 | 16.7 | 2.54 | 3.42 | 0.302 | |
E13743 | Grab | 1913.36 | 900 | 2.57 | 1.22 | 20 | 0.186 | |
E13741 | Grab | 1631.33 | 444 | 1.23 | 2.91 | 20 | 2.72 | |
E04152 | Channel | 0.9 | 1545.32 | 938 | 0.57 | 0.85 | 13.35 | 0.683 |
E13742 | Grab | 1502.03 | 339 | 3.11 | 0.941 | 20 | 3.43 | |
E10990 | Channel | 0.55 | 1357.69 | 422 | 1.875 | 0.534 | 20 | 1.495 |
E13746 | Grab | 1342.36 | 736 | 4.52 | 1.22 | 2.43 | 0.396 | |
E13748 | Channel | 0.50 | 1245.42 | 256 | 3.38 | 0.277 | 20 | 0.411 |
E04153 | Channel | 0.65 | 1215.19 | 779 | 2.37 | 0.509 | 3.47 | 1.655 |
E13747 | Channel | 1.0 | 1103.17 | 353 | 0.505 | 0.343 | 19.9 | 0.363 |
E13644 | Grab | 992.53 | 192 | 6.82 | 1.93 | 0.655 | 0.0778 | |
E13749 | Channel | 0.20 | 971.48 | 269 | 0.236 | 0.1735 | 20 | 0.1155 |
E04083 | Grab | 895.77 | 128 | 1.03 | 0.206 | 20 | 0.0185 | |
E04041 | Grab | 816.98 | 74.1 | 1.83 | 0.226 | 16.85 | 0.235 | |
E13745 | Channel | 1.0 | 640.34 | 248 | 1.86 | 0.373 | 5 | 0.762 |
E04086 | Channel | 0.30 | 636.80 | 84.2 | 0.21 | 0.0448 | 16 | 0.1825 |
E04085 | Grab | 617.00 | 128 | 1.68 | 0.157 | 10.05 | 0.0314 | |
E04040 | Grab | 499.61 | 14.9 | 4.8 | 0.138 | 1.27 | 0.618 | |
E13750 | Grab | 499.36 | 121 | 1.545 | 0.433 | 5.95 | 0.15 | |
E04047 | Grab | 474.88 | 264 | 0.248 | 0.229 | 0.563 | 3.55 | |
E04039 | Grab | 391.94 | 37.1 | 0.615 | 0.0929 | 9.2 | 0.0852 | |
E10995 | Grab | 0.2 | 354.91 | 317 | 0.233 | 0.1385 | 0.107 | 0.0208 |
E04079 | Grab | 351.26 | 43.8 | 1.77 | 0.134 | 3.02 | 1.09 | |
E04081 | Channel | 0.4 | 308.25 | 64.1 | 1.19 | 0.0866 | 3.9 | 0.382 |
E13643 | Grab | 266.72 | 43.7 | 2.43 | 0.0941 | 0.585 | 0.0237 | |
E10989 | Grab | 0.3 | 244.05 | 15.7 | 1.075 | 0.066 | 1.43 | 2.2 |
E13647 | Grab | 230.33 | 22.9 | 0.17 | 0.0517 | 5.86 | 0.0714 | |
E04045 | Grab | 225.18 | 104 | 0.058 | 0.089 | 1.67 | 1.48 | |
E04044 | Grab | 208.65 | 116 | 0.193 | 0.172 | 1.245 | 0.41 | |
E04076 | Grab | 188.93 | 100 | 0.051 | 0.259 | 1.465 | 0.207 | |
E04042 | Grab | 170.07 | 14.6 | 0.524 | 0.0565 | 2.93 | 0.361 | |
E04080 | Grab | 131.15 | 42.3 | 0.239 | 0.205 | 1.155 | 0.211 | |
E04043 | Grab | 123.18 | 27.1 | 0.007 | 0.0113 | 1.615 | 1.035 | |
E04052 | Grab | 118.97 | 36.6 | 0.533 | 0.1355 | 0.702 | 0.0716 |
Recent field work during the second
Trenching and additional sampling is ongoing on the known structures as well as over several geophysical targets. Drilling at La Verde is planned in ten short holes to test the main mineralized zones however additional holes may be drilled on the new extensions and new veins.
The Company notes that selected grab samples included in the table above and highlighted in the Figures below are not necessarily representative of the mineralization hosted at El Fierro. Some veins are fully or partially covered by quaternary talus gravels. Channel samples are always taken perpendicular to structures and therefore represent true width. Maps 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 17.89 per oz for silver; USD 1,500 per oz for gold; USD 0.86 per pound for lead; USD 1.08 per pound for zinc; and USD 2.80 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.
Figure 1. Location of the La Verde zone in relation to the
Figure 2. Location of the main Verde zone and new structures: Lagunitas and Blanca veins.
Figure 3. IP-PC (Polarizable Conductive factor) and distribution of AgEq values along the Verde, Rosa, and Azul veins. Samples from the newly discovered Negra vein are still pending.
Figure 4. Distribution of AgEq values along the recently discovered
Figure 5. Distribution of AgEq values along the recently discovered Lagunitas Vein
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ABOUT EL FIERRO PROJECT
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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. 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.
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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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