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New Sable Discovery at Margarita Intersecting 462g/t AgEq over 4.25m including 1,092.2g/t AgEq over 1.5m

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New Sable Discovery at Margarita Intersecting 462g/t AgEq over 4.25m including 1,092.2g/t AgEq over 1.5m

Canada NewsWire

TORONTO, July 26, 2018 /CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is pleased to announce results from the first two drill holes targeting the Margarita Vein in its ongoing 12-hole drill program at the Margarita Project, Chihuahua State, Mexico. Both holes intersected the target with hole M-DDH-05 also intercepted a previously unknown structure at depth. Results confirm vein strike continuity for at least 500 meters to a depth of 50 meters from surface with weighted average grades ranging from 190g/t to 462g/t AgEq over thicknesses of 4.25 to 8.70 meters. True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill results, location plan, sections and core photos are available from the Sable website.

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

This is the first time the Margarita project has been drilled and constitutes a new discovery for Sable.

Highlights

  • Hole M-DDH-04: 462g/t AgEq over 4.25m from 41.5m to 45.75m
    Including 1.5m at 1073g/t AgEq from 42.7m to 44.2m
  • Hole M-DDH-05: 205g/t AgEq over 8.70m from 50.70m to 59.4m
    Including 242g/t AgEq over 4.8m from 50.7m to 55.5m
    And 268g/t AgEq over 0.7m from 58.7m to 59.4m
  • Hole M-DDH-05: 102.5g/t AgEq over 4.35m from 127.2m to 131.55m
    Including 160g/t AgEq over 1.50m from 130.05m to 131.55m

Holes M-DDH-06 to 08 have been completed and are awaiting results. Similar vein textures have been intersected in these holes across similar widths down to a depth of 100m from surface. M-DDH-09 is currently underway.

"We are excited by the grades and widths returned by the first two holes ever drilled in the Margarita Vein", stated Ruben Padilla, VP Exploration of Sable Resources. "These results clearly demonstrate that we are at the right erosional level with good preservation of the best part of the veins starting right at surface and still open at depth.  We will continue the systematic drill test along the 1.6 km of known extension of the Margarita vein and along the other three veins identified within the property limits."

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.

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 lies on strike with Sunshine Silver Corp.'s Los Gatos Project, which hosts a Measured and Indicated 9.2 million tonnes resource containing 178 million ounces silver-equivalent (Sunshine Silver Mining and Refining website published NI 43-101 report titled "Feasibility Study of the Cerro Los Gatos Silver-Lead-Zinc Deposit Los Gatos Project" January 2017). Hosted in Eocene-Oligocene Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Maria on 2 claims totally encompassed by Sunshine Silver.

Results Table

Hole ID

From

To

Core Length

Ag (g/t)

Pb (ppm)

Zn (ppm)

AgEq (g/t)

M-DDH-04

41.50

45.75

4.25

429.6*

1857*

6609*

462.01*









Including









41.50

42.70

1.20

152

229

595

156.12


42.70

44.20

1.50

986

5050

16050

1073.33


44.20

45.75

1.55

106

27

2130

107.24









M-DDH-05

50.7

59.4

8.70

168.7*

1250*

5870*

205.16*









Including

50.70

51.85

1.15

123

920

1680

135.79

and

51.85

53.45

1.6

194

490

1550

204.29

and

53.45

54.15

0.70

293

2710

4940

330.61

and

54.15

55.50

1.35

315

1365

2260

332.73

and

55.50

56.35

0.85

49.1

262

2060

61.14

and

56.35

57.37

1.00

87.1

372

5950

120.25

and

57.37

58.70

1.35

91.3

716

18650

193.32

and

58.70

59.40

0.70

191

5330

10004

268.61









M-DDH-05

127.2

131.5

4.35

30.0*

10596*

5656*

102.53*









Including

127.2

128.4

1.20

17.9

3610

6530

67.74

and

128.4

130.0

1.65

17

5310

6790

75.36

and

130.0

131.5

1.50

48.1

22000

3710

160.26









*

Weighted average composites. All other intervals are actual results.

 

Drill Hole Orientations

Hole ID

Trend

Plunge

M-DDH-04

025

-45

M-DDH-05

045

-51

 

SOURCE Sable Resources Ltd.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2018/26/c8015.html

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