- Holes LV-DH-21-12 to LV-DH-21-22 confirm the strike of La
Verde Vein for a distance of at least 1,100m. - Available surface samples indicate that the structure remains open in both directions for at least another 500m (see Figure 1).
- Drill hole LV-DH-21-12 is located 140m east of hole LV-DH-21-08 which returned a significant intercept of 546.78 g/t AgEq over 9.95m including 4,381.1 g/t AgEq over 0.5m (see Sable's press release of
May 3, 2021 ) - Drill hole LV-DH-21-22 is located 270m west of hole LV-DH-21-11 which returned 363.4 g/t AgEq over 2.85m including 971.33 g/t AgEq over 0.85m (see Sable's press release of
May 17, 2021 )
Highlighted intercepts from pending drill holes targeting La
Hole LV-DH-21-1
- 429.92 g/t AgEq (38.1 g/t Ag; 0.78 g/t Au; 0.13% Cu; 8.68% Pb; 0.7% Zn) over 0.50m from 121.10 to 121.60m
Hole LV-DH-21-18
- 343.12 g/t AgEq (145.83 g/t Ag; 0.82 g/t Au; 0.22% Cu; 2.93% Pb; 0.18% Zn) over 1.20m from 89.0 to 90.20m
Hole LV-DH-21-22
- 450.77 g/t AgEq (49.50 g/t Ag; 0.96 g/t Au; 0.17% Cu; 2.92% Pb; 4.93% Zn) over 0.50m from 76.10 to 76.60m within a wider 1.5m interval of 243.95 g/t AgEq (25.46 g/t Ag; 0.40 g/t Au; 0.12% Cu; 1.69% Pb; 2.02% Zn).
"From our early surface work at La Verde we were able to identify indications of the La
A full list of drill intercepts received is presented below:
Table 1 – Anomalous Intercepts from Reported Holes | |||||||||
Hole | From | To | Interval (m) | AgEq (g/t) | Ag (g/t) | Au (g/t) | Cu (%) | Pb (%) | Zn (%) |
LV-DH-21-12 | 97.75 | 98.40 | 0.65 | 185.18 | 39.0 | 0.69 | 0.33 | 0.93 | 0.46 |
LV-DH-21-12 | 103.0 | 103.50 | 0.50 | 212.13 | 40.6 | 1.7 | 0.53 | 0.29 | |
LV-DH-21-12 | 108.20 | 108.70 | 0.50 | 99.82 | 30.8 | 0.53 | 0.18 | 0.10 | |
LV-DH-21-12 | 121.10 | 121.60 | 0.50 | 429.92 | 38.1 | 0.78 | 0.13 | 8.68 | 0.70 |
LV-DH-21-13 | 23.75 | 24.25 | 0.50 | 66.13 | 16.9 | 0.98 | 0.42 | ||
LV-DH-21-14 | 39.55 | 40.05 | 0.50 | 90.43 | 19.1 | 0.14 | 0.38 | 0.50 | |
LV-DH-21-15 | 40.20 | 40.75 | 0.55 | 50.09 | 1.08 | 0.36 | |||
LV-DH-21-16 | 24.60 | 25.10 | 0.50 | 40.89 | 7.1 | 0.19 | 0.66 | ||
LV-DH-21-17 | 87.60 | 88.10 | 0.5 | 124.48 | 21.6 | 0.4 | 0.17 | 1.3 | 0.18 |
LV-DH-21-18 | 89.00 | 90.20 | 1.20 | 343.12 | 145.83 | 0.82 | 0.22 | 2.93 | 0.18 |
LV-DH-21-22 | 76.10 | 77.60 | 1.50 | 243.95 | 25.46 | 0.40 | 0.12 | 1.69 | 2.02 |
Including | 76.10 | 76.60 | 0.50 | 450.77 | 49.50 | 0.96 | 0.17 | 2.92 | 4.93 |
Drill holes are planned perpendicular to known structures and most of the intercepts represent between 80% and 100% true width; 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 4m, until reaching the bedrock, then systematically mapped and sampled in channels of maximum 2m; trenches are excavated perpendicular to the structures representing true width. Channel samples on outcrops and adits are taken perpendicular to structures and represent true width. Maps and tables 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 18.0 per oz for silver; USD 1,500 per oz for gold; USD 0.85 per pound for lead; USD 1.10 per pound for zinc; and USD 3.0 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.
Table 2- Location of Drill Holes from 2021 Campaign | ||||||
Hole number | Azimuth | Dip | Depth | Northing | Easting | Elevation |
FB-DH-21-01 | 45 | -45 | 219.7 | 6742964 | 2459235 | 3758 |
FB-DH-21-02 | 45 | -45 | 83.6 | 6742768 | 2459602 | 375 |
FB-DH-21-02-A | 45 | -60 | 121 | 6742767 | 2459602 | 3750 |
FB-DH-21-03 | 40 | -55 | 128.5 | 6742684 | 2459735 | 3748 |
FB-DH-21-04 | 52 | -60 | 94 | 6742879 | 2459281 | 3773 |
FB-DH-21-05 | 40 | -60 | 135 | 6742661 | 2460065 | 3700 |
FB-DH-21-06 | 60 | -60 | 129 | 6742527 | 2460057 | 3730 |
FB-DH-21-07 | 40 | -60 | 126 | 6743151 | 2458779 | 3763 |
LV-DH-21-08 | 0 | -55 | 150 | 6745293 | 2453232 | 4605 |
LV-DH-21-09 | 165 | -45 | 120 | 6745428 | 2452923 | 4624 |
LV-DH-21-10 | 40 | -60 | 117 | 6745432 | 2452911 | 4624 |
LV-DH-21-11 | 350 | -45 | 102 | 6745244 | 2452644 | 4577 |
LV-DH-21-12 | 20 | -45 | 150 | 6745302 | 2453365 | 4573 |
LV-DH-21-13 | 165 | -45 | 54 | 6745389 | 2452936 | 4636 |
LV-DH-21-14 | 350 | -45 | 100.3 | 6744760 | 2453949 | 4624 |
LV-DH-21-15 | 8 | -45 | 62 | 6744797 | 2453776 | 4595 |
LV-DH-21-16 | 35 | -45 | 50 | 6745477 | 2452729 | 4600 |
LV-DH-21-17 | 350 | -45 | 105 | 6745249 | 2452791 | 4599 |
LV-DH-21-18 | 350 | -55 | 116 | 6745207 | 2452648 | 4570 |
LV-DH-21-19 | 160 | -55 | 128.5 | 6747365 | 2453618 | 4808 |
LV-DH-21-20 | 205 | -45 | 126 | 6747288 | 2453691 | 4769 |
LV-DH-21-21 | 0 | -80 | 211.5 | 6745295 | 2453232 | 4605 |
LV-DH-21-22 | 23 | -55 | 87 | 6745218 | 2452375 | 4698 |
FA-DH-21-23 | 185 | -45 | 130 | 6742598 | 2453316 | 4247 |
FB-DH-21-24 | 45 | -80 | 234.5 | 6742995 | 2459267 | 3751 |
FB-DH-21-25 | 45 | -80 | 198 | 6742766 | 2459601 | 3750 |
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
Related link: sableresources.com
Neither 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.
QUALIFIED PERSON
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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