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Sable Extends Margarita Vein Continuity to 750m Along Strike, Intersects 252.01g/t AgEq over 11.3m including 889.5g/t AgEq over 1.3m

TORONTO , Sept. 12, 2018 /CNW/ - Sable Resources (SAE.V) (the "Company" or "Sable") is pleased to announce results from drillholes 9 to 12 targeting the Margarita Vein from its ongoing 12-hole drill program at the Margarita Project, Chihuahua State, Mexico . Drillholes M-DDH-18-11 and M-DDH-18-12 are a 250m step-out to the northwest from previously released holes M-DDH-18-05 and M-DDH-18-07. Hole M-DDH-18-09 is located on the same section line than previously released drillhole M-DDH-18-04. Drillhole M-DDH-18-10 is located on the same section line as previously released drillholes DDH-18-06 and 08. These latest results confirm continuity of the Margarita structure over a strike length of 750m .

Sable Resources Ltd. (CNW Group/Sable Resources Ltd.)

 

Highlights

M-DDH-18-09
111.5 g/t AgEq over 6.5m from 76.8m to 83.3m
Including
153.1 g/t AgEq over 3.5m from 76.8m to 80.3m

M-DDH-18-11
252.01 g/t AgEq over 11.3m from 57.35m to 68.65m
Including
889.5 g/t AgEq over 1.3m from 62.75m to 64.05m

M-DDH-18-12 – Interval 1
98.19 g/t AgEq over 12.7m from 34.6m to 47.3m
Including
243.69 g/t AgEq over 1.8m from 35.85m to 37.65m

Emerging Low-Grade Secondary Halo

In addition to the high-grade Margarita structure, Sable has identified a low-grade stockwork style of mineralisation evident in numerous holes. Mineralized core from previous holes has been assayed with encouraging results.

M-DDH-18-03
50.26 g/t AgEq over 44.13m from 128.12m to 172.25m
Including
142.3 g/t AgEq over 6.95m from 162.3m to 169.25m

M-DDH-18-07
53.97 g/t AgEq over 7.6m from 57.95 to 65.55m

M-DDH-18-12
36.53 g/t AgEq over 21.35m from 140.3m to 161.65m

"We are very pleased to have been able to identify this additional style of mineralization giving us a secondary lower-grade target close to surface as well as the high-grade Margarita structure." commented Ruben Padilla Vice President of Exploration for Sable. "With the first stage of drilling now complete we will evaluate our results and formulate a plan for stage 2 drilling targeting further extensions of Margarita and the other adjacent parallel veins"

ABOUT THE MARGARITA PROJECT
Acquired as part of Sable Resources Upper Level Epithermal Strategy, the Margarita Project is located in the Satevó Municipality in Chihuahua state, approximately 120km SW of the state capital of Chihuahua City, and 110km NNW of the historic Parral mining district. The Project is located 15km northwest of Sunshine Silver Corp.'s Los Gatos Project, which hosts a 256 million ounces silver-equivalent resource (Pyle. P (2018) Los Gatos Project: Epithermal silver, zinc lead discovery in south Central Chihuahua. Minera Plata Real , Los Gatos Joint Venture Presentation). Hosted in Eocene-Oligocene Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Marie on 2 claims totally encompassed by Sunshine Silver .

ABOUT SABLE RESOURCES LTD.
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. Sables' main focus is developing their large portfolio of new greenfields projects to resource stage utilizing their Upper Level Epithermal Strategy. Sable is actively exploring the San Juan Regional Program (48,000ha) incorporating the Don Julio Project in San Juan Province, Argentina, the Mexico Regional Program (1.5Mha), incorporating the Margarita, Vinata and El Escarpe drill ready projects and the BC Intrusion Related Program, Canada (13,600ha) incorporating the drill ready Tulox Project.

Sample Preparation and QAQC
Sample preparation was carried out by ALS Chemex de Mexico S.A. de C.V., a subsidiary of ALS Minerals, at their laboratory at Chihuahua, State of Chihuahua , Mexico. Analyses were carried out at their laboratory in North Vancouver, British Columbia , Canada. Sample preparation was by drying in an oven at a maximum temperature of 60°C, fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PREP-31).

Gold was analyzed by fire assay of a 30 g sample split with detection by atomic absorption spectrophotometer (AAS) (code Au-AA23). Multi-elements were analyzed by a four acid, near total digestion of a 1 gram sub-sample with detection by inductively coupled plasma atomic emission spectrometer (ICP-AES) for 33 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn) (code MEICP61).

This digestion method dissolves most minerals but not all elements are quantitatively extracted in some sample matrices. Mercury was analyzed by aqua regia digestion, cold vapor extraction, and AAS detection with a lower limit of detection of 0.01 ppm (code Hg-CV41), or by inductively coupled plasma mass spectrometer (ICP-MS) with a lower limit of detection of 0.005 ppm (code Hg-MS42).

True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill results, location plan, and sections are available from the Sable website. Silver equivalent is calculated based on USD15 .50per Oz for Silver, USD 0.95 per pound for Lead and USD1.20 per pound for Zinc and USD1200 for gold, considering 100% recovery a  (((Au_PPM*38.58)+(Ag_PPM*0.498)+(Pb%*20.94)+(Zn%*26.46))/0.498).

Qualified Person
Luis Arteaga M.Sc. P.Geo. Exploration Manager for Sable Resources and the Company's Qualified Person as defined by NI 43-101 has reviewed and approved the technical information in this news release.

We seek safe harbor

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Results Table

Hole ID

From

To

Length
(m)

Au
(ppm)

Ag
(ppm)

Pb
(ppm)

Pb (%)

Zn
(ppm)

Zn (%)

AgEq (ppm)

M-DDH-18-09

76.8

83.3

6.5







111.5*

Including

76.8

80.3

3.5







153.1*


76.8

78.3

1.5

0.023

106

467

0.0467

764

0.0764

113.80


78.3

78.8

0.5

0.116

188

1005

0.1005

1410

0.141

208.70


78.8

80.3

1.5

0.082

162

123

0.0123

965

0.0965

173.99


80.3

81.8

1.5

0.003

63.6

234

0.0234

980

0.098

70.02


81.8

83.3

1.5

0.008

51.8

212

0.0212

515

0.0515

56.04












M-DDH-18-11

57.35

68.65

11.3







252.01*

Including

62.75

64.05

1.3







889.5*


57.35

58.55

1.2

0.0005

101

365

0.0365

2550

0.255

116.12


58.55

60.2

1.65

0.038

247

746

0.0746

2740

0.274

267.64


60.2

61.6

1.4

0.0005

140

480

0.048

1620

0.162

150.66


61.6

62.75

1.15

0.0005

107

1085

0.1085

2140

0.214

122.97


62.75

63.25

0.5

0.013

674

1630

0.163

5860

0.586

713.00


63.25

64.05

0.8

0.048

951

3100

0.31

6040

0.604

999.85


64.05

65.65

1.6

0.027

212

1185

0.1185

4030

0.403

240.49


65.65

66.25

0.6

0.016

114

1230

0.123

3970

0.397

141.51


66.25

67.1

0.85

0.039

123

430

0.043

1780

0.178

137.29


67.1

67.75

0.65

0.002

51.4

297

0.0297

3870

0.387

73.37


67.75

68.65

0.9

0.015

110

941

0.0941

4260

0.426

137.75












M-DDH-18-12

34.6

47.3

12.7







98.19*

Including

35.85

37.65

1.8







243.69*


34.6

35.85

1.25

0.0005

43.3

130

0.013

316

0.0316

45.56


35.85

36.6

0.75

0.02

403

650

0.065

1320

0.132

414.30


36.6

37.1

0.5

0.0005

105

49.3

0.00493

757

0.0757

109.27


37.1

37.65

0.55

0.003

125

165.5

0.01655

1380

0.138

133.26


37.65

39.65

2

0.0005

71.5

160

0.016

1080

0.108

77.95


39.65

41.15

1.5

0.0005

96.1

133

0.0133

587

0.0587

99.82


41.15

42.7

1.55

0.0005

94.3

130

0.013

479

0.0479

97.43


42.7

44.2

1.5

0.0005

88.4

76.9

0.00769

351

0.0351

90.63


44.2

45.75

1.55

0.0005

58.8

28.8

0.00288

442

0.0442

61.31


45.75

47.3

1.55

0.0005

40.1

18.4

0.00184

190

0.019

41.23












M-DDH-18-12

140.3

161.65

21.35







36.53*


140.3

141.8

1.5

0.0005

14.85

88.2

0.00882

642

0.0642

18.67


141.8

143.35

1.55

0.002

25.3

136

0.0136

2510

0.251

39.36


143.35

144.85

1.5

0.003

34.2

36.9

0.00369

1600

0.16

43.09


144.85

146.35

1.5

0.003

21.6

33.4

0.00334

1020

0.102

27.39


146.35

147.85

1.5

0.009

16

50

0.005

621

0.0621

20.21


147.85

148.65

0.8

0.009

27.5

30.9

0.00309

367

0.0367

30.28


148.65

149.15

0.5

0.007

30.9

162

0.0162

449

0.0449

34.51


149.15

149.7

0.55

0.003

35.5

104

0.0104

763

0.0763

40.22


149.7

150.6

0.9

0.011

21

80.2

0.00802

605

0.0605

25.40


150.6

151.5

0.9

0.007

14.55

141.5

0.01415

1920

0.192

25.89


151.5

152.5

1

0.015

19.65

94.3

0.00943

1260

0.126

27.90


152.5

153.45

0.95

0.028

25

167.5

0.01675

1070

0.107

33.56


153.45

154.4

0.95

0.072

58.1

1320

0.132

1940

0.194

79.54


154.4

155.55

1.15

0.634

80.9

3030

0.303

2360

0.236

155.30


155.55

156.35

0.8

0.01

24.3

1725

0.1725

1100

0.11

38.17


156.35

157.85

1.5

0.002

15.45

180

0.018

857

0.0857

20.92


157.85

158.6

0.75

0.014

12.45

109

0.0109

584

0.0584

17.10


158.6

160.1

1.5

0.046

13.85

252

0.0252

727

0.0727

22.34


160.1

161.65

1.55

0.014

10.05

125

0.0125

597

0.0597

14.83












M-DDH-18-12

128.12

172.25

44.13







50.26*


128.12

129.57

1.45

0.0005

82.5

505

0.0505

1470

0.147

92.47


129.57

130.37

0.8

0.0005

29.6

206

0.0206

614

0.0614

33.77


130.37

131.53

1.16

0.0005

11.4

74.5

0.00745

404

0.0404

13.90


131.53

133.03

1.5

0.0005

6.53

37.6

0.00376

163

0.0163

7.59


133.03

134.53

1.5

0.0005

9.21

41.8

0.00418

279

0.0279

10.91


134.53

135.86

1.33

0.0005

18.45

90.8

0.00908

519

0.0519

21.63


135.86

137.4

1.54

0.0005

29.6

245

0.0245

882

0.0882

35.36


137.4

138.2

0.8

0.0005

32.9

169.5

0.01695

603

0.0603

36.86


138.2

140.05

1.85

0.0005

47.6

395

0.0395

641

0.0641

52.71


140.05

141.55

1.5

0.0005

27.6

305

0.0305

1080

0.108

34.66


141.55

142.05

0.5

0.0005

46.1

864

0.0864

1300

0.13

56.68


142.05

143.55

1.5

0.0005

51.5

213

0.0213

183

0.0183

53.41


143.55

144.8

1.25

0.0005

52.6

422

0.0422

2250

0.225

66.37


144.8

145.9

1.1

0.0005

11.5

197

0.0197

877

0.0877

17.03


145.9

147.4

1.5

0.0005

15.75

138

0.0138

734

0.0734

20.27


147.4

148.9

1.5

0.0005

3.68

8

0.0008

140

0.014

4.50


148.9

150.4

1.5

0.001

1.54

16.6

0.00166

133

0.0133

2.39


150.4

151.9

1.5

0.004

4.95

9.1

0.00091

131

0.0131

5.99


151.9

153.4

1.5

0.0005

35.2

194

0.0194

330

0.033

37.81


153.4

154.7

1.3

0.007

3.78

6.4

0.00064

98

0.0098

4.87


154.7

155.6

0.9

0.0005

8.44

81.1

0.00811

146

0.0146

9.60


155.6

157.1

1.5

0.017

24.4

425

0.0425

1430

0.143

35.10


157.1

158.6

1.5

0.048

36.2

475

0.0475

2850

0.285

57.06


158.6

160.1

1.5

0.011

17.1

399

0.0399

931

0.0931

24.58


160.1

160.95

0.85

0.044

62.3

254

0.0254

542

0.0542

69.66


160.95

162.3

1.35

0.0005

50.4

133

0.0133

108

0.0108

51.57


162.3

163.3

1

0.003

207

196

0.0196

50

0.005

208.32


163.3

164.3

1

0.002

223

304

0.0304

91

0.0091

224.92


164.3

165.8

1.5

0.0005

93.5

126

0.0126

21

0.0021

94.18


165.8

167.3

1.5

0.016

134

738

0.0738

69

0.0069

138.71


167.3

168.75

1.45

0.0005

101

254

0.0254

41

0.0041

102.32


168.75

169.25

0.5

0.042

101

1800

0.18

825

0.0825

116.21


169.25

170.75

1.5

0.0005

58.2

188

0.0188

160

0.016

59.88


170.75

172.25

1.5

0.0005

23.4

153.5

0.01535

45

0.0045

24.32












M-DDH-18-07

57.95

65.55

7.6







53.97*


57.95

59.55

1.6

0.0005

16.5

63.1

0.00631

855

0.0855

21.35


59.55

61

1.45

0.0005

21.2

65.1

0.00651

809

0.0809

25.81


61

62.15

1.15

0.0005

42.3

95.8

0.00958

565

0.0565

45.74


62.15

64.05

1.9

0.0005

103

384

0.0384

1090

0.109

110.44


64.05

65.55

1.5

0.0005

42.7

242

0.0242

1320

0.132

50.77

* Weighted average composites. All other intervals are actual results.

Samples used for selected highlighted higher-grade zones within the main reported interval

Margarita Project Section 06_08 (CNW Group/Sable Resources Ltd.)
Margarita Project Section 05_07 (CNW Group/Sable Resources Ltd.)
Margarita Project Section 04_09 (CNW Group/Sable Resources Ltd.)
Margarita Project Section 11_12 (CNW Group/Sable Resources Ltd.)

SOURCE Sable Resources Ltd.


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