Margarita Project

Key Highlights

  • Low-Intermediate Sulphidation Epithermal Ag
  • 7km of Outcropping Multiple Veins
  • Chanel Sampling 100-900g/t Ag
  • 1kg/t+ AgEq values in Drill Results
  • Wide Vein Intercept Widths to over 12m
  • Mining Friendly Chihuahua State in Mexico
  • Adjacent to Sunshine Silver Los Gatos (256Moz AgEq) & Surrounded by Sunshine Claims
  • Option to Earn 100%

Acquired as part of Sable Resources Upper Level Epithermal Strategy the Margarita project is located on a claim totally encompassed by Sunshine Silvers’ claims associated with their Los Gatos discovery. Sable has signed an option agreement to obtain 100% of the project.


Margarita is located in the Satevó Municipality in Chihuahua state, approximately 120km SW of the Chihuahua City, and 110km NNW of the historic Parral Mining district. The property has year-round unrestricted access provided by a good network of Federal-State highways and well maintained dirt & ranch roads.

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Deposit Geology

Mineralization at Margarita property is hosted in a series of parallel, steeply dipping, northwest-trending epithermal veins, and silicified fault breccias, some of them known for ~1.7 km along strike. The veins show classical banded epithermal quartz textures with an apparent thickness of between 1 and 5m and the fault breccia zones can reach thickness up to 12m.

The Margarita and El Caido veins are the main exploration targets in the property. They are separated by 150-200m and can be traced along strike on surface for at least 1.7km and 500m respectively. Several other additional veins have been identified in outcrop although the strike extent is currently unknown. Margarita vein structure dips to the SW while El Caido vein structure dips to the NE. Both veins have steep dips ranging from 60°-76°.

The mineralized structures consist of quartz–barite and lesser fluorite veins, stockwork and silicified breccias with abundant manganese and iron oxides, all hosted by volcanic rocks of andesitic and rhyolitic composition.

The quartz in the veins is multi-stage, ranging from fine-grained to coarse grained, white, greenish; chalcedonic, saccharoidal and drusy. Sometimes the vein shows rhythmic banded quartz textures and is commonly accompanied by manganese & iron oxides. Mineralization at Margarita is characterized by silver and anomalous values of zinc, lead, and gold.

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Exploration to Date

 Sable conducted surface sampling and mapping, drilled 5097m in 35 holes and it is working toward completing an initial resource for the deposit. Sable’s drilling has identified two mineralization styles: high-grade discrete fault-filling veins with grades normally >250 g/t AgEq and widths between 1 and 10m, showing traditional crustiform and colloform textures; and wider intervals with lower grades (≈40 to 180 g/t AgEq) characterized by stockwork zones, silicifeied breccias and silicification in rhyolites.

Status: Phase 4 Resource Definition