Sable Resources Ltd: Company Update



    VANCOUVER, Sept. 17 /CNW/ -

    New Acquisition

    Sable Resources Ltd is pleased to announce that it has acquired by
staking a new mineral tenure south of Christopher James Gold's Lawyers
property, and west of the Company's Perry Mason claims. This new land package
consists of 11 square kilometers, and brings Sable's total land holdings to
72.3 square kilometers of contiguous claims and mining leases in the
Toodoggone Gold Camp, located in north-central British Columbia. This recently
acquired land package has received little to no exploration work since the
late 1980's. It is underlain by highly prospective geology, similar to that
found at the nearby, past producing Cheni and Baker mines. Reconnaissance
exploration work is ongoing and will compliment already completed airborne
geophysics to produce specific exploration targets for future development
programs.

    Shasta Drill Program

    19 holes consisting of 7300 feet of diamond drilling has been completed
on the Shasta property. 15 holes targeted the Creek zone, which is the current
zone of underground development, and extended known mineralization for
approximately 100 m to the north. The rest of the drilling tested the north
end of the previously mined D zone, which has produced the richest ore from
Shasta with an average grade of approximately 0.25 oz Au, and 15 oz Ag per
ton. These drillholes carried mineralization over most of their length, and
were successful in defining what is thought to be a fault offset of the
D zone. The zone's close proximity to existing workings make this an
attractive development target. Assay results for most of the samples are
pending.

    Shasta Underground Development

    Underground development is currently progressing at the Company's 100%
owned Shasta mine. The planned development consists of 500 m, and will explore
the Creek zone ore body on both the 1233 m and 1220 m levels. The development
has reached the 1233 m level, and a second heading has now begun that will
intersect the main ore zone, while the original heading will continue to
decline to the 1220 m level. Upon completion of the planned development,
production will begin from the mine for processing at the Company's nearby
250 ton/day Baker mill. In addition a 10 m drift was driven to the north of
the historically mined D zone, and has intersected a zone of mineralization
below the D offset zone as identified by drilling done earlier this year.
Surface trenching above this zone indicates that mineralization continues to
surface.
    Company president Mel Rahal commented, "This is a very exciting and busy
time for Sable. The underground mining is going well, and we are already
stockpiling material for future processing. The mill underwent a number of
upgrades this summer which should increase future gold and silver recoveries.
Work to expand the tailings storage capacity is nearing completion."

    About Sable Resources

    Sable Resources Ltd controls over 73 square kilometers of mineral claims
and mining leases in the highly prospective Toodoggone gold camp. The
Toodoggone camp consists of moderate sized, high grade epithermal gold and
silver deposits, and bulk tonnage copper gold porphyry deposits such as the
nearby Kemess Mine. Sable's strategy is to acquire, amalgamate, and develop
these deposits into a multi-million ounce district for production at the
Company's centrally located mill, while exploring for potential bulk tonnage
porphyry deposits.
    The Company is currently involved in underground development of the
Shasta gold-silver deposit, and is actively exploring the adjoining Perry
Mason claims, as well as the past producing Baker mine for tonnage amenable
for production at the Company's existing mill infrastructure.

    %SEDAR: 00008665E




For further information:

For further information: Mel Rahal, President, Sable Resources Ltd.,
1290-625 Howe Street, Vancouver, BC, V6C 2T6, (604) 685-8565

Organization Profile

SABLE RESOURCES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890