VANCOUVER, British Columbia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that it has received additional positive surface results from its 100% owned Copper Queen Project in west-central British Columbia (“Copper Queen” or the “Property”). In addition, the Company has initiated a 520km VTEM time-domain survey covering the main target areas on the Property.
Highlights
An additional 40 previously unreported rock samples have been included in this new release along with results from the previously reported 97 rock samples that were collected within and around Breccias 1, 2, and 3 (see Figure 1).
New results include maximum values of 1.07% Cu; 27.7 g/t Au; and 100 g/t Ag. Selected results for the present and previously reported sampling are contained in Table 1.
Cu, Ag, and local Au mineralization is associated with the matrix/cement of magmatic-hydrothermal breccias. A mineral assemblage including quartz, calcite, chlorite, chalcopyrite, and local bornite is observed. The highest grades of Au are reported from quartz veins located peripheral to the breccias. The veins contain pyrite and local chalcopyrite.
122 soil samples were collected on the upper plateau to the north of Breccias 2 and 3 (see Figure 2). The soil results suggest a northward extension of Breccia 3, and reveal at least three additional Cu anomalies (at >93rd percentile) that may represent mineralization concealed beneath soil cover.
Sable’s team has additionally identified four new out cropping occurrences of copper (Cu-oxide +/- chalcopyrite) mineralization. Results from these newly discovered occurrences remain pending and will be released when available.
Dr. Ruben Padilla, President and CEO of Sable stated, “We are extremely pleased with the composite results of our 2024 field season. Breccias 1, 2, and 3 and the surrounding area is becoming a significant, large-scale Cu +/- Ag-Au target. The VTEM survey which is now underway is our next step to understanding the geometry and geophysical characteristics of these Cu-rich magmatic-hydrothermal breccias.”
Distribution of Cu values in out crop and float sampling within and around breccias 1, 2, and 3 at Copper Queen.
Figure 1. Distribution of Cu values in out crop and float sampling within and around breccias 1, 2, and 3 at Copper Queen.
Location and Cu results for soil samples collected north of breccias 3 and 2. Multiple anomalous samples coincide with the extension of breccia 3 with at least three anomalous zones (shown circled in white) potentially indicating new mineralized zones beneath soil cover.
Figure 2. Location and Cu results for soil samples collected north of breccias 3 and 2. Multiple anomalous samples coincide with the extension of breccia 3 with at least three anomalous zones (shown circled in white) potentially indicating new mineralized zones beneath soil cover.
VTEM survey
Sable has contracted Geotech Ltd. (“Geotech”) to conduct a Versatile Time-Domain Electromagnetic (VTEM™) survey consisting of 520 line-kilometres along NS flight lines, covering and surrounding the surface expression of breccias 1, 2, 3 and 4 (see Figure 3). VTEM is a broadly used geophysical technique which has proven to be effective in revealing the subsurface extension of geological and mineralogical features associated with certain mineral deposit types. It is excellent for locating discrete conductive anomalies associated with sulphide minerals as well as for mapping lateral and vertical variations in resistivity associated with alteration haloes. The Company expects that results from the VTEM survey can map the geometry of the magmatic-hydrothermal breccias and that the resulting signature may be used to identify other targets within the survey grid. Geotech has already initiated data acquisition at Copper Queen and the results will be reported upon processing and interpretation of the geophysical data.
Table 1. Selected results from sampling at Copper Queen, including previously released and recently received samples returning >0.1% Cu plus samples with <0.1% Cu but with high Ag, Au, and/or Mo. (Coordinates in NAD83-Zone 10).
Sample
North
East
Elevation
Type
Ag (g/t)
Au (g/t)
Cu (ppm)
Mo (ppm)
K843595
5765162
334764
1,734
Float
11.05
0.027
10,750
4.73
K843513
5765332
334362
2,000
Float
41.7
0.091
10,250
1.79
K843554
5765253
335679
1,582
Outcrop
9.16
0.034
8,860
12.35
K843559
5765383
334532
1,961
Outcrop
9.45
0.03
7,190
1.1
K843269
5765385
335619
1,678
Float
9.58
0.084
6,680
2.64
K843552
5765300
335642
1,613
Outcrop
6.69
0.048
6,390
1.39
K843551
5765294
335657
1,598
Outcrop
4.82
0.035
6,340
4.47
K843606
5765055
334707
1,692
Outcrop
1.15
0.024
6,330
21.8
K843267
5765480
335474
1,773
Float
11.5
0.026
6,070
19.05
K843502
5765565
335092
1,908
Float
0.92
0.005
5,470
4.89
K843505
5765261
335605
1,642
Outcrop
4.16
0.022
5,200
4.82
K843332
5765324
334233
2,023
Outcrop
10.15
0.126
5,090
4.67
K843563
5765275
334552
1,889
Outcrop
2.03
0.065
5,040
22.3
K843334
5765302
334226
2,020
Outcrop
6.29
0.584
4,960
1.88
K843481
5765687
336290
1,600
Float
5.95
0.09
4,660
2.42
K843596
5765222
334245
1,936
Outcrop
83.7
7.58
4,340
31.9
K843588
5766076
336741
1,653
Float
3.84
0.046
4,320
3.47
K843553
5765303
335634
1,620
Outcrop
3.21
0.026
4,310
98.3
K843627
5765262
335606
1,663
Outcrop
2.13
0.005
4,230
4.41
K843697
5765370
334998
1,809
Outcrop
3.07
0.045
4,130
7.05
K843328
5765322
334385
1,987
Float
3.85
0.009
4,050
0.93
K843512
5765364
334437
2,002
Outcrop
9
0.029
4,020
1.63
K843560
5765386
334676
1,941
Outcrop
0.38
0.013
2,950
0.95
K843330
5765345
334284
2,016
Outcrop
1.76
0.127
2,940
2.15
K843611
5764832
335508
1,472
Float
4.69
0.009
2,590
22.3
K843266
5765475
335461
1,778
Outcrop
14.5
0.045
2,450
2.87
K843508
5765352
334488
1,953
Float
4.1
0.161
2,100
10.2
K843447
5765540
334906
1,932
Outcrop
5.48
0.167
2,080
4.33
K843743
5765442
334927
1,860
Outcrop
6.67
0.127
2,070
0.84
K843739
5765533
334903
1,934
Outcrop
43.6
27.7
1,965
13.1
K843510
5765346
334490
1,952
Float
4.18
0.104
1,695
2.3
K843626
5765403
335052
1,844
Float
2.72
0.012
1,565
1.45
K843272
5765341
334455
1,985
Outcrop
2.05
0.071
1,455
3.94
K843506
5765247
335606
1,592
Outcrop
1.55
0.009
1,335
1.06
K843268
5765498
335511
1,774
Outcrop
1.06
0.0025
1,300
1.71
K843326
5765363
334481
1,954
Outcrop
2.08
0.015
1,260
0.96
K843587
5766003
336612
1,632
Outcrop
62.9
7.67
292
12.8
K843450
5765423
335494
1,709
Outcrop
49.6
1.57
193
6.24
K843501
5765611
334947
1,862
Float
0.51
0.044
143
102.5
K843603
5765222
335489
1,572
Float
100
2.92
116
10.95
K843738
5765591
334331
2,007
Float
11
1.015
104.5
29.5
K843586
5765724
336315
1,604
Float
0.39
0.021
73.3
3,720
K843449
5765401
335441
1,712
Outcrop
11
0.591
51.1
71.2
K843448
5765362
335439
1,691
Outcrop
214
9.74
32.5
38.8
K843746
5765309
335283
1,704
Outcrop
21.4
1.785
22.4
33.8
K843607
5765212
334563
1,864
Outcrop
3.05
0.444
18.1
17.2
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 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 THE COPPER QUEEN PROJECT
Copper Queen 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 (“Anaconda”) 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 meters 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 the 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 at Copper Queen 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.
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 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 Los Pumas projects in San Juan Province, Argentina and the Perk Rocky (10,475ha), Copper Queen (13,880ha) and Rusty Peak (1,942 ha) properties in British Columbia.
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.
Photos accompanying this announcement are available at:
