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Sable Resources Starts 2024 – 2025 Field Season at the Don Julio Project, San Juan, Argentina
VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce t
About this update from Sable Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sable Resources Ltd. (\"Sable\" or the \"Company\") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce the commencement of field activities at the Don Julio Project in San Juan, Argentina (“Don Julio” or the “Project”). All exploration expenditures at Don Julio are fully funded under the Earn-In Agreement between the Company and a subsidiary of South32 Limited (“South32”), signed in 2021. Highlights US$2 million budget approved for the 2024 - 2025 field season at the Don Julio Project Camp setup complete An 18km Induced Polarization (IP) survey will be conducted at the Colorado target commencing the week of October 25th 2,000m of diamond drilling is planned to commence the first week of November at the Morro and Colorado targets Morro: The Morro target is located along a principle fault corridor with coincident molybdenum anomalism, low resistivity, and moderate magnetic anomalies, in an area where the roof of the Au-Cu-bearing lithocap contains hydrothermal breccias with fragments cut by early quartz veinlets and the presence of widespread sericitic alteration. B type porphyry veinlets were intercepted below the lithocap alteration in a drill hole completed in 2023 at the Poposa target, 650 south of Morro (Fig. 1). Cerro Colorado: The Cerro Colorado target is a strong, dome-shaped IP anomaly covered by Quaternary gravels at 4,100 m.a.s.l. The IP anomaly seems to relate to the previously outlined Colorado breccia, a magmatic-hydrothermal breccia outcropping at 4,900 m.a.s.l. The breccia contains mineralized porphyry fragments, strongly affected by advanced argillic alteration, with anomalous geochemical values up to 3.9% Cu and 13 g/t Au (Fig. 2). Dr. Ruben Padilla, Sable’s President, and CEO, stated, “The Company is pleased to start another field season at Don Julio with the financial and technical support of our exploration partner South32. We have engaged Quantec Geoscience for the IP survey planned at Colorado, which will better define the shape of the chargeability anomaly defined a year ago, and investigate its possible connection with the mineralized breccia that outcrops on Cerro Colorado. ConoSur Drilling will commence drilling at Morro, where various vectors suggest the presence of a porphyry centre at depth below the roof of the lithocap.” Figure 1. The loca...