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Sable Resources Ltd.
Summary
| Project: | Margarita | |
|---|---|---|
| Deposit: | Margarita | |
| Location: | Mexico | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 8/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-8-2018: Sable Resources Ltd. announces an Exploration/Drilling Update report for its Margarita deposit at the Margarita project. Drilling results incl. 14.05m @ 306.53g/t Ag, 0.732% Pb, 1.878% Zn from 67.4m. TORONTO, Aug. 14, 2018 /CNW/ - Sable Resourc | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Luis Arteaga (Internal) | |
| ABSTRACT: | TORONTO, Aug. 14, 2018 /CNW/ - Sable Resources (TSX.V: SAE) (the "Company" or "Sable") is pleased to announce results from drillholes 7 and 8 targeting the Margarita Vein from its ongoing 12- hole drill program at the Margarita Project, Chihuahua State, Mexico. Drillhole M-DDH-18-07 is located on the same section line as previously released drillhole M-DDH-18-05 (Sable Press Release dated July 26 2018). Drillhole M-DDH-18-08 is situated on the same section line as previously released drillhole M-DDH-18-06 (Sable Press Release dated August 7 2018). Designed to test continuity at depth drillholes 7 and 8 confirm extent and grade of the Margarita structure from surface to 80 meters down dip. "The 14m intercept in drillhole M-DDH-18-08 represents our widest intersection to date with consistent average grades in excess of 400 grams per tonne silver equivalent", commented Ruben Padilla, VP Exploration of Sable Resources. "We are also greatly encouraged by gold values in these holes up to 3g/t coincident with high base metal values with zinc to 4.5% and lead to 2.4%. Sable now has five holes into the Margarita structure with a weighted average grade of 420g/t AgEq over an average width of 8.6m, and a confirmed strike length of 500m down to 80m depth from surface." The initial drill program of 12 holes is now complete with holes M-DDH-18-09, 10, 11, 12 awaiting results. True widths are estimated to be 90% of the intercept based on vein to core angle. Detailed drill results, location plan, sections and core photos are available from the Sable website. Silver equivalent is calculated based on based on USD15.50 per Oz for Silver, USD 0.95 per pound for Lead and USD1.20 per pound for Zinc and USD1200 for gold. | |
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