La Poncha Project

Property Geology

La Poncha is a large Miocene porphyry and epithermal center that includes two main mineralized zones. Poncha North shows an outcropping Au-Cu porphyry intruding an intermineral diatreme breccia.

Sable drilled 2,216 m on the porphyry stock at Poncha North in early 2022 intercepting long intervals of low to medium grade Au mineralization plus anomalous Cu, Mo, and Ag.

Highlighted intercepts include:

in hole PON-DH-22-01:
101.0 m @ 0.32 g/t AuEq (0.19 g/t Au; 0.096% Cu),
115.0 m @ 0.32 g/t AuEq (0.19 g/t Au; 0.096% Cu),
49.55 m @ 0.32 g/t AuEq (0.18 g/t Au; 0.083% Cu; 47 ppm Mo);

in hole PON-DH-22-02:
263 m @ 0.3 g/t AuEq (0.18 g/t Au, 0.082% Cu, 13.7 ppm Mo),
and 90.75 m @ 0.28 g/t AuEq (0.14 g/t Au, 0.094% Cu, 25.3 ppm Mo);

in hole PON-DH-22-06:
62.8 m @ 0.20 g/t AuEq (0.17 g/t Au; 65 ppm Mo),
and 0.65 m @ 936.54 g/t AgEq (287 g/t Ag; 0.187 g/t Au; 0.76% Cu; 12% Pb; 3.78% Zn); among others.

The drilling demonstrated the considerable size of the gold anomaly as well as the Au-rich affinity of the porphyry.