Business
Sable and South32 Finalize Earn-in Agreement to Jointly Explore the Don Julio Project in San Juan, Argentina and Sable Provides Summary of Underlying Option Agreement
Sable and South32 Finalize Earn-in Agreement to Jointly Explore the Don Julio Project in ...
About this update from Sable Resources Ltd.
[{"type":"text","content":"\n \n \n \n Sable and South32 Finalize Earn-in Agreement to Jointly Explore the Don Julio Project in San Juan, Argentina and Sable Provides Summary of Underlying Option Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 11, 2021\n \n /CNW/ - Sable Resources Ltd. (\"Sable\" or the \"Company\") (TSXV: SAE) (OTCQB: SBLRF) is pleased to announce that further to the Company's press release dated\n \n January 28, 2021\n \n , the Company has received TSX Venture Exchange (\"TSXV\") approval for the Earn-In Agreement (the \"EIA\") between the Company and its wholly-owned subsidiary,\n \n Olivares S.A.\n \n (\"Olivares\") and a wholly-owned subsidiary of South32 Limited (\"South32\"), to jointly explore the Don Julio Project located in San Juan Province,\n \n Argentina\n \n (the \"Project\").   As such the Company has finalized the EIA. In connection with the satisfaction of the conditions precedent set out in the EIA, the Company and Olivares have signed an Acknowledgement and Consent Agreement with South32 and the underlying owners of the Project pursuant to which such underlying owners agree to the grant of the options to South32 and additionally, an Acknowledgement and Consent Agreement has been signed between Sable, Olivares, South32 and Osisko Gold Royalties Ltd.\n \n \n \n \n \n \n \n \n \n \n Ruben Padilla\n \n , Sable's President and CEO stated, \"We are very pleased to have finalized the Earn-In Agreement with South32.   Work at Don Julio has commenced including construction of additional new road access, initiation of the 1,100 km Aeromagnetic survey, and the first-pass recognizing work of Aster anomalies located outside the main\n \n Don Julio Cluster\n \n .\"\n \n \n The Project comprises a 58,000-hectare land package containing several Cu-Au porphyry, Ag-Au epithermal, and polymetallic skarn targets, which were generated from detailed mapping and geochemistry work over the past two and a half years.  Sable has assigned its option to acquire a 100% interest in...