VANCOUVER, British Columbia, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce the results from its first field review of the 100% owned Core Mountain property located in west central British Columbia ("Core Mountain” or the "Property”).
Highlights
- Core Mountain is located in the prolific Ootsa Lake region in west central British Columbia, 25km south of the past producer Huckleberry mine owned by Imperial Metals (181 Mt @ 0.32% Cu Measured and Indicated and 48 Mt @ 0.26% Cu, Inferred1); 23km southwest of the Ootsa deposit owned by Surge Copper (438Mt @ 0.32% CuEq Measured and Indicated and 137Mt @ 0.28% CuEq Inferred2) and 39km southeast of Surge's Berg deposit (1Bt @ 0.23%Cu, 0.03%Mo Measured and Indicated and 542 Mt @ 0.17% Cu, 0.02% Mo Inferred2).
- The Property consists of 1,925 hectares 100% owned by Sable. It was staked by Sable in early 2024 as part of the Company's regional target generation work. There are seven historical Cu showings within the claims and Cu-bearing veins and "red bed” Cu mineralization have been described by previous explorers. Despite the reported copper occurrences, the Property has not been actively explored since 1985.
- Sable conducted a preliminary review around one of the showings on the southern part of the claims. Widespread copper mineralization in two distinct styles was observed: 1) quartz vein float of epithermal affinity containing abundant chalcopyrite, and 2) disseminations of magnetite and chalcopyrite along the flow banding of a rhyolite body. The rhyolite-hosted chalcopyrite mineralization outcrops for about 150m. Sable collected and analysed 13 rock samples, which returned values of up to 2.6% Cu, 14.3 g/t Ag, and 0.5 g/t Au. Ten samples returned values higher than 0.25%Cu (see Table 1).
"Core Mountain is another example of an area with copper mineralization and favourable geological environment, staked by Sable in a region with large Cu-Au porphyry deposits. The lack of recent exploration provides an excellent opportunity for discovering new mineralization within this Property. The Company is planning a more detailed and extensive work program for next summer.”
Table 1. Core Mountain Preliminary Sampling Results
| Sample | North | East | Elevation | Site | Ag
(g/t) | Au
(g/t) | Cu
(ppm) | Pb (ppm) | Mo
(ppm) | |||||
| K843615 | 5922805 | 620748 | 1308 | Outcrop | 2.16 | 0.085 | 3,960 | 4.40 | 11.20 | |||||
| K843658 | 5923301 | 620643 | 1421 | Float | 1.30 | 0.035 | 2,520 | 10.40 | 3.51 | |||||
| K843659 | 5923305 | 620640 | 1424 | Float | 11.80 | 0.082 | 26,000 | 129.50 | 8.17 | |||||
| K843661 | 5923250 | 620663 | 1408 | Float | 14.30 | 0.142 | 24,900 | 5.60 | 2.40 | |||||
| K843662 | 5923016 | 620464 | 1339 | Outcrop | 0.81 | 0.539 | 389 | 28.80 | 12.05 | |||||
| K843663 | 5922816 | 620753 | 1307 | Float | 0.08 | 0.008 | 12 | 3.30 | 4.42 | |||||
| K843664 | 5922808 | 620752 | 1234 | Outcrop | 1.86 | 0.061 | 18,400 | 8.50 | 1.82 | |||||
| K843665 | 5922823 | 620860 | 1212 | Outcrop | 1.30 | 0.080 | 12,000 | 10.70 | 3.50 | |||||
| K843666 | 5922810 | 620913 | 1219 | Outcrop | 1.68 | 0.032 | 3,120 | 47.40 | 8.28 | |||||
| K843667 | 5922825 | 621010 | 1212 | Outcrop | 0.16 | 0.013 | 335 | 12.30 | 5.65 | |||||
| K843706 | 5923123 | 620507 | 1364 | Outcrop | 6.06 | 0.321 | 13,300 | 16.90 | 26.90 | |||||
| K843708 | 5923102 | 620492 | 1366 | Float | 5.41 | 0.009 | 5,100 | 87.40 | 1.09 | |||||
| K843709 | 5922858 | 620945 | 1224 | Outcrop | 2.60 | 0.052 | 8,630 | 2460.00 | 3.75 |
Figure 1. Location of the Core Mountain property and significant deposits in the area
Figure 2. Two mineralization styles observed at Core Mountain.
A: Epithermal veins with abundant Cu mineralization.
B: Disseminations and replacement of magnetite and chalcopyrite in banded rhyolite.
The Company notes that grab and float samples are selective by nature and therefore may not be representative of the actual or average grades in the property.
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in British Columbia is carried out by ALS Minerals, at its facility located in Kamloops with analyses 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 news 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 of the rock samples 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.
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 favorable, 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 Cerro Negro projects in San Juan Province, Argentina and the Copper Queen (15,133ha), Rusty Peak (1,942 ha), Copper Prince (3,980 ha), and the Core Mountain (1,925 ha) properties in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at [email protected] 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 STATEMENTS
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.
1 Source: Imperial Metals Corp. - NI 43-101 Technical Report Amended May 11, 2016 with an effective date of September 1, 2011
2 Source: Surge Copper Corp. - NI 43-101 Technical Report dated August 5, 2022 with an effective date of February 18, 2022
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9680604-f7e9-4836-a90c-470099dd13fd
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