TORONTO, July 5, 2018 /CNW/ - Sable Resources Ltd ("Sable") (TSXV: SAE) is pleased to announce the identification of 2 new epithermal veins at the Margarita Project, Chihuahua State, Mexico.
Following ten days of detailed field mapping at 1:5000 scale, two additional mineralized structures The Juliana and Marie Veins, were identified within Sable resources mineral claims. The Juliana Vein can be traced for approximately 650m along a 040 strike. Previous grab sampling prior to mapping returned an assay value of 405 ppm Ag for the vein. The vein has been observed to dip approximately vertical and appears to merge with the Margarita structure to the southwest.
The Marie vein outcrops at the most eastern part of the Margarita property. The vein strikes 020 to 030 and was observed for 650m along strike from which 400m are within Sable's concessions. The width of the vein is variable with 1.6 m of quartz vein to >2m of breccia zone with several smaller braided veins. The Marie vein is observed dipping at high angles towards SW, NE and vertical, depending on the location. A large zone of kaolinite, silicification and Fe oxides characterizes the Marie vein after pyrite on its western side whereas the eastern side shows green argillic alteration (illite, smectite, and Fe oxides after sulfides).
In light of the discovery of the 2 new veins, Sable has re-assessed the drill program deciding to increase the first phase to a maximum of 5,000m and has changed drill companies to better accommodate the increased meterage.
ABOUT THE MARGARITA PROJECT
Acquired as part of Sable Resources Upper Level Epithermal Strategy, the Margarita Project is located in the Satevó Municipality in Chihuahua state, approximately 120km SW of the state capital of Chihuahua City, and 110km NNW of the historic Parral mining district. The Project lies on strike with Sunshine Silver Corp.'s Los Gatos Project, which hosts a Measured and Indicated 9.2 million ounce resource containing 178 million ounces silver-equivalent (Sunshine Silver Mining and Refining website published NI 43-101 report titled "Feasibility Study of the Cerro Los Gatos Silver-Lead-Zinc Deposit Los Gatos Project" January 2017). Hosted in Eocene-Oligocene Volcanics, Margarita is defined by 4 veins; Margarita, El Caido, Juliana and Maria on 2 claims totally encompassed by Sunshine Silver.
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SOURCE Sable Resources Ltd.
For further information: Tom Obradovich, President & CEO, [email protected], Tel (416) 985-7140 Or visit http://www.sableresources.com