VANCOUVER, CANADA – December 10, 2024 – Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE | OTCQB:SBLRF) is pleased to announce new results from several mineralized areas within its 100% owned Copper Queen Project located in west-central British Columbia (“Copper Queen” or the “Property”).
Highlights
Dr. Ruben Padilla, President and CEO of Sable commented, “We have seen a continuous growth of our Copper Queen Project thanks to the active exploration work conducted by our geology team last summer, defining multiple copper targets and associated molybdenum, silver, and gold mineralization hosted by magmatic-hydrothermal breccias and highly fractured zones. Our present targets are now contained within an area of 12km by 18km, and large areas of our present land package have yet to be explored. We’re looking forward to returning to the field next summer, to continue to advance these high-potential targets.”
Figure 1. Distribution of Cu values from rock sampling across the Copper Queen Project to date, revealing the five exploration targets discussed in text.
New Target Description
Roof
The Roof target, located 3.5 km north of breccias 1,2,3, exhibit copper mineralization hosted in foliated metavolcanic rocks. Chalcopyrite and malachite are disseminated along the foliation planes and deposited along fractures. Outcropping mineralization is observed for approximately 420m with the possibility extending to 610m. Of 17 samples collected, 13 returned values greater than 0.1% Cu, with a highest value of 2.67% Cu, 37.9 g/t Ag, and 0.19 g/t Au being recorded to date.
Figure 2. Distribution of Cu values in rock samples at the Roof target.
Nogwon
The Nogwon target is located approximately 14.5km east from Breccias 1,2,3. Limited outcrop exposed within a glacial cirque reveals the presence of granite-hosted intrusion breccias with Cu mineralization in the cement. Chalcopyrite is also observed in the granite within small cavities that resemble miarolitic cavities, lined with the breccia-cement assemblage of quartz, calcite and chlorite. Of 23 samples collected, nine returned values higher than 0.1% Cu with a maximum value of 1.25% Cu, 20.8 g/t Ag, and 0.1 g/t Au being recorded to date. Out cropping mineralization is observed over an area of 320m by 200m and is open in all directions, as outcrop around the cirque is generally hidden by unconsolidated glacial moraine.
Figure 3. Distribution of Cu values in rock samples at the Nogwon target.
Charlotte
The Charlotte target is located 11.5km north of breccias 1,2, 3 and 28km southwest of the village of Nimpo Lake. The target is road accessible from Highway 20 along the Charlotte Lake FSR. Colour anomalies observed from satellite images coincide with quartz veins containing chalcopyrite. Copper mineralization is also contained in skarn alteration along the contact of Jurassic granite with fine grain hornfelsed sediments. A large zone with altered and oxidized boulders is located on the eastern-most part of the target. A single sample collected from these boulders returned 0.27% Cu and 41 ppm Mo. Another sample collected 440m to the east returned 880 ppm Mo, suggesting a possible porphyry environment. Anomalous Cu values recorded to date are dispersed along an approximately 1.4km east-west corridor.
Figure 4. Distribution of Cu values in rock samples at the Charlotte target.
Breccia 4
Breccia 4, located on the eastern side of McClinchy Lake, is one of the breccias originally discovered by Anaconda in 1968. The target consists of granite clasts with sericite-pyrite cement. This breccia reveals no Cu mineralization, but local molybdenite with values up to 131 ppm Mo is observed. Exploration around the breccia revealed three zones containing Cu bearing veins located west, east, and southeast of Breccia 4. Values recorded in these veins attain 0.68% Cu and 473 ppm Mo. All the copper occurrences around Breccia 4 are contained within an area of about 3.7 km2. The area is heavily covered and requires additional mapping and prospection.
Figure 5. Distribution of Cu values in rock samples at the Breccia 4 target.
Table 1. Selected results from new targets within the Copper Queen Project, not including previously released samples. This table includes samples with values >0.1% Cu and some samples with <0.1% Cu but with highly anomalous Ag, Au, and/or Mo (Coordinates in NAD83-Zone 10).
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in British Columbia is carried out by ALS Minerals, at its facility located in Kamloops with analyses carried out at their laboratory in Vancouver. Sample preparation includes 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). The samples contained in this news release were analyzed by methods Au-AA24 (Fire Assay Fusion and Atomic Absorption Spectrometry finish) and ME-MS61 (Four Acid Digestion with Mass Spectrometry finish); the latter one includes 48 elements (Al, Ag, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Both digestion methods dissolve most minerals but not all elements are quantitatively extracted in some sample matrices. ALS additionally collects a subsample from the coarse reject to be analyzed by Terraspec; spectral data is sent to AISIRIS Australia to be processed and interpreted.
Control samples (standards, blanks, and duplicates) are inserted systematically, and their results evaluated according to the Company protocols.
QUALIFIED PERSON
Luis Arteaga M.Sc. P.Geo., Vice President Exploration is the Company’s Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this news release.
ABOUT THE COPPER QUEEN PROJECT
Copper Queen is located 225km west of Williams Lake in Central Western BC. Exploration work conducted by Anaconda American Brass (“Anaconda”) between 1968 and 1969 shows the existence of quartz feldspar porphyries and at least five mineralized breccias within a porphyry system of approximately 4.5km by 2km. Anaconda reported drilling 182m in two holes in 1969, however, Anaconda did not file detailed information about the drilling but reported grades from 0.2 to 0.3% Cu in 6 to 25 metres intervals. Rio Tinto drilled two holes totaling 119m on the southern margin of McClinchy Lake following a chargeability anomaly where Cu mineralization was observed but the results were not significant. Minor sampling visits were conducted in 1982 and 1994, and a 900km VLF-EM and radiometric survey was conducted by Seaborne Minerals in 2011. No exploration activity has been performed at Copper Queen since 2011 and no mapping since the Anaconda times. Sable initially staked the Property in May 2024 and recently extended the Property to 15,133 hectares.
The Company notes that grab samples are selective by nature and therefore should not be understood as representative of the actual grades in the Property. Additionally, the Company clarifies that the historical Anaconda work on the Property is used only as a reference and that the original Anaconda reports or data have not been found.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious metal and copper projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable’s focus is developing its large portfolio of new Greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (163,969 ha) incorporating the Don Julio, El Fierro, and Cerro Negro projects in San Juan Province, Argentina and the Copper Queen (15,133ha), Rusty Peak (1,942 ha), Copper Prince (3,980 ha) and the Core Mountain (1,925 ha) properties in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at ruben.padilla@sableresources.com or +1 (520) 488-2520Related link: sableresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.
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, 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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