VANCOUVER, CANADA – September 30, 2024 – Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that it has identified at least three copper mineralized magmatic-hydrothermal breccias within its 100% owned Copper Queen Project in British Columbia.
Dr. Ruben Padilla, President and CEO of Sable stated, “Earlier this year we were able to stake the Copper Queen property with an initial 2,864 hectares that we have now expanded to 13,880 ha. Our geology team was able to prove the existence of the breccias initially recognized by Anaconda in 1968 and we are pleased that our initial exploration results and mapping indicate the potential of Copper Queen to host both high grade and bulk tonnage copper mineralization.”
Highlights
Figure 1. Location of the Copper Queen project and two other Sable’s properties as well as some significant deposits in the region.
Geology Description
The Copper Queen project is located within a large plutonic suite of Jurassic age that includes diorites, gabbros, granites, and aplites. The more felsic phases of the plutonic complex intrude the mafic ones, locally forming intrusion breccias. Post-intrusive dacite porphyry dykes fractured the country rocks generating magmatic hydrothermal breccias cemented with quartz, calcite, chlorite, epidote, chalcopyrite, and local bornite. Mineralized quartz veins with highly anomalous Au-Ag-Cu values are observed around the breccias. Anaconda originally described six breccias however Sable’s fieldwork has only confirmed three containing Cu mineralization (Breccias 1, 2, and 3). A fourth breccia (Breccia 4) located 3km east of Breccia 1, exhibits similar textural characteristics but instead of Cu sulfides it contains abundant pyrite with local molybdenite. No results are yet available for the samples collected at Breccia 4.
Figure 2 shows the shapes and dimensions of the breccias as originally mapped by Anaconda. The geometry and size of the breccias have yet to be fully defined by Sable’s team, however sampling and observations to date confirm the potential for disseminated bulk tonnage Cu mineralization. Notably, the Copper Queen breccias also contain highly anomalous silver ranging from <1 g/t to 41.7 g/t Ag, and gold ranging from detection limit to 0.58 g/t Au. Molybdenum is highly anomalous in some of the samples, especially in the mineralized quartz veins around the breccias, reaching values up to 196.5 ppm Mo, clearly suggesting an overall association with a fertile, high-level porphyry environment.
Figure 2. Distribution of copper values within the breccia zones found at Copper Queen. Breccia outlines are shown as originally mapped by Anaconda in 1968. Breccias 5 and 6 have not been recognized in the field.
Figure 3. Examples of mineralization at Copper Queen. A, quartz, calcite, chlorite breccia cement. B, detail of the breccia cement showing oxidized chalcopyrite. C and D, abundant chalcopyrite and Cu oxides in the breccia cement.
Sable’s team continues on the ground, mapping and evaluating at least three additional areas where Cu mineralization has been observed outside of the main breccia zones described in this press release. Results for samples from these additional zones will be reported at a later date. Table 1, below, contains the location and results to date of highlighted samples from the main breccias at the Copper Queen project.
Table 1. Highlighted results from sampling at the Copper Queen Project.
Grant of Options
The Company also reports that it has granted an aggregate of 3,450,000 options to purchase common shares of the Company to directors, officers, employees and consultants in accordance with the Company’s stock option plan. The options granted are exercisable at $0.05 for a period of five years.
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in British Columbia is carried out by ALS Minerals, at its facility located in Kamloops. Analyses are 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 press 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.
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 THE COPPER QUEEN PROJECT
The Copper Queen project is located 225km west of Williams Lake in Central western BC, and 25km NW of Sable’s Perk Rocky project.Exploration work conducted by Anaconda American Brass between 1968 and 1969 shows the existence of quartz feldspar porphyries and at least five mineralized breccias within a porphyry system of approximately 4.5 x 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 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 on the property since 2011 and no mapping since the Anaconda times. Sable initially staked the property in May 2024 and recently extended the property to 13,880 hectares.
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 favourable, 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 Los Pumas Projects in San Juan Province, Argentina; and the Perk Rocky Project (10,475ha), Copper Queen (13,880ha), and Rusty Peak (1,942 ha) properties in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at ruben.padilla@sableresources.com or +1 (520) 488-2520
Related 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 STATEMENT
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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