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Sable Resources Ltd.
Summary
| Project: | Don Julio | |
|---|---|---|
| Deposit: | Don Julio | |
| Location: | Argentina | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 2/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-2-2019: Sable Resources Ltd. announces an Exploration/Drilling Update report for its Don Julio deposit at the Don Julio project. No significant assays returned from drilling. TORONTO, Feb. 15, 2019 /CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Luis Arteaga (Internal) | |
| ABSTRACT: | TORONTO, Feb. 15, 2019 /CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") reports that the company has received full assay results from the company's recently completed 11 drillhole, 3072m program at the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio is one of 6 active or planned drill projects in the Sable portfolio for 2019. No significant results were intercepted. Sable will now take stock of results to plan a way forward at Don Julio and prioritize with our Lodo, San Gabriel and newly defined Colorado drill targets in Argentina, Scorpius Project in Peru plus Margarita and Vinata drill projects in Mexico. 5 holes drilled at the Heaven Hill target were designed to test a potential silica blanket below a large surface gold anomaly coincident with an extensive advanced argillic alteration signature. Six holes drilled at the Esperanza target were designed to test possible transition of anomalous gold in surface alteration into vuggy silica at the contact of a volcanic dome with fragmental volcanic rocks. Results from drilling were lower than anticipated with intercepts in alteration replicating surface anomalism but not intercepting the targeted mineralized silica layers in either case. "After our first drillholes at Heaven Hill and Esperanza we have gained an invaluable insight to the geological complexity and local controls over mineralization of this large alteration and geochemical anomaly." commented Ruben Padilla Vice President of Exploration for Sable. "Although we did not intersect anticipated classic vuggy silica target blanket, we have identified a low angle mineral control located at the contact between the basement Paleozoic siliciclastic rocks and the upper Miocene fragmental volcanic rocks which we will investigate in due course. Inline with Sable's exploration philosophy, since last September we are moving ahead with detail surface mapping at district scale and we are incorporating all new knowledge, including the recent drill test, to guarantee that the mineral potential of this large mineral system is fully evaluated to maximize chances of discovery." | |
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