Vinata Project

Key Highlights

 

  • Grassroots Finding
  • Not Previously Drilled
  • Strong Pathfinder Indicators
  • Low-Sulphidation Epithermal Au
  • Mining Friendly Chihuahua State
  • 100% Sable Owned
  • Completed 43-101 technical report
  • 7 Holes Completed
  • Drilling Ongoing

The Vinata project is an advanced project generated by BlueJoint Resources as part of their extensive greenfields exploration program from 2012-2015. The silica textures observed and geochemical signature of low anomalies of Au, strongly anomalous As, Sb, Hg and Ba, and low Ag, Cu, Pb and Zn are characteristic of the upper levels of an epithermal system. Sable has 100% rights to the project. . .

Location

The Vinata Project is located in the Municipality of Chihuahua, State of Chihuahua 50 km south of the city of Chihuahua. . .

click image to enlarge

Deposit Geology

Two drill target zones have been identified at the Vinata project, Vinata North and Vinata South, separated by 3.5 km of quaternary gravels. Mineralization at Vinata North occurs as a series of quartz veins that outcrop along a strike length of 1,150m cutting rhyolite tuffs. The system strikes North-South for 450m then changes strike to NNE for about 700m. Quartz vein float extends additional 450 m to the southeast. The system consists of multiple sub-parallel veins and stockwork zones over a width of between 15m and 170m. Individual veins vary in width from <1m up to about 12 m. The veins dip at 55° to sub-vertical to the east, with some conjugate veins dipping to the west. Quartz and silica occur in a variety of forms, including multiple generations of opal to banded chalcedony, colloform banding, late stage coarse-grained crustiform quartz in drusy bands, breccias with clasts of wall rock, and bladed quartz replacing carbonate minerals. Stockwork of quartz veinlets can extend up to 20m into the hanging walls. The quartz and silica textures are interpreted to indicate the upper part of the system, and in particular the bladed quartz after carbonate is generally interpreted to indicate boiling of the hydrothermal fluid. The level of exposure is interpreted to be above the main boiling zone of precious metals deposition, which is the target. Vinata South, is represented by at least two NNW fault zones, up to 14 m wide, characterized by silicified fault breccias, some hydrothermal breccia dikes, abundant manganese and iron oxides, and some calcite with elevated Sb, As, Ba, Mo, and Mn. The observed low temperature silica, the abundant hypogene oxide minerals, and elevated pathfinder values could represent upper levels of precious metal intermediate sulphidation vein system that will be tested with drilling. . .

click image to enlarge

Exploration to Date

A program of detailed geological mapping and rock sampling was carried out in order to define zones of anomalous gold and trace element geochemistry, as well as areas showing textural and vein characteristics of epithermal systems. A total of 167 rock-chip samples were collected. The analyses returned values up to 184 ppb Au un to 1,490 ppm As, up to 3,040 ppm Sb, up to 14.5 ppm Hg, and over 10,000 ppm Ba, and up to 176 ppm Mo. Base metals returned low values consistent with the upper level location of the project. The geochemical signature of low anomalies of Au, strongly anomalous As, Sb, Hg and Ba, and low Ag, Cu, Pb and Zn are characteristic of the upper levels of an epithermal system. . .

Drilling

Sable has completed 1753m of core-drilling in 6 drillholes at Vinata North, geochemical results for 530 samples have been received from the first five drillholes. Based on the available results and the presence of compelling geophysical anomalies, the company has opted to increase the drilling program from 2000m to 4000m. The drilling is currently advancing and moving soon to Vinata South.   The available drilling data shows that the outcropping silica-carbonate veins represent a late epithermal pulse that overprints a gently west- dipping pervasive argillic alteration, constrained to a layer of felsic volcanic rocks, which returned long intersects of low-grade gold anomalous values, with most of the samples consistently over the detection limit. From the 254 samples taken on the altered felsic volcanic rocks, 187 samples present anomalous values varying between 20 ppb and 1.1 g/t Au with an average value of 130 ppb Au with associated significant As, Sb anomalies and some erratic Hg, Mo, Mn, and Ba anomalies. . .

Status: Phase 3 Exploration Phase 1 Drilling

GREENFIELD EXPLORATION AT ITS BEST