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Sable Resources intersects 1.19 oz per ton gold and 8.24 oz per ton silver over 4 meters width in the Creek zone drift at the Shasta Mine.
VANCOUVER, Dec. 4 /CNW/ - Sable Resources Limited (TSX.V: SAE) "Sable" has intersected high grade...
About this update from Sable Resources Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 4 /CNW/ - Sable Resources Limited (TSX.V: SAE) "Sable"\nhas intersected high grade material in the Creek zone at their 100% owned\nShasta Mine.\n\n\nThe Creek zone consists of a broad stockwork zone with low to moderate\ngrade gold and silver content, along with shoots of high grade breccia in the\nfootwall of the west bounding structure of the zone. A 4 meter wide, 3 meter\nhigh drift is being driven along the structure to explore the grade of this\nzone, and in the first 11 m has encountered an average grade of 0.454 ounces\nper ton gold, and 7.56 ounces per ton silver. Included in this, is a 3 meter\nlong, 4 meter wide interval grading 1.19 ounces per ton gold and 8.24 ounces\nper ton silver. Samples consist of fines collected from the blasted workings,\nand were assayed in the Company's onsite fire assay lab along with known\nstandards and blanks for quality control. Check assays have been sent to an\nindependent assayer to confirm values obtained by the Company.\n\n\nCompany CEO Mel Rahal stated "When we made the decision to go into the\nCreek zone, we were expecting more modest grades of 0.2 ounces of gold per\nton, and 5 to 10 ounces per ton silver over good mining widths of 5 to 10\nmeters based on our previous drill results. What we are encountering\nunderground is better than expected, and very encouraging. If we can continue\nto encounter this high grade material early on, it will allow us to start the\nmill with strong cash flow, and fund capital improvements and expansion out of\nrevenues."\n\n\nThe Company will continue to stockpile mineralized material for\nprocessing at the nearby Baker mill facility while it completes the planned\naccess decline to the 1220 level.\n\n\nTechnical content of this news has been reviewed by E.W. Craft, P.Eng, a\nqualified person within the definitions of National Instrument 43-101.\n\n\nAbout Sable Resources Limited: http://www.sableresources.com\n\n\nSable Resources is focused on the development and exploration of its gold\nand silver properties in the Toodoggone region of northern British Columbia.\nSable owns a modern, fully-permitted 250-ton per day mill and supporting\ninfrastructure.\n\n\nThe stock Exchange has not reviewed and does not accept responsibility\n\n\nfor the adequacy and accuracy of this news release.\n\n\n","length":240...