Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE |
OTCQB:SBLRF) is pleased to announce geochemical results and field
observations from its 100% owned Copper Prince property located
near Princeton in southern British Columbia (“Copper Prince” or the
“Property”).
Highlights
- Copper Prince is located 13km
northeast of Princeton, British Columbia, within a very prolific
mineral district containing important operating and historic mines
(Figure 1). Hudbay Mineral’s Copper Mountain mine is located 25km
to the southwest, the past producing Brenda Mine, 40km to the
northeast, and the Elk Gold Mine, 26km to the north. The Copper
Prince property is contiguous with Kodiak Copper’s land package
where Kodiak has identified multiple, significant porphyry targets
within their mineral concessions in the last couple of years.
- The Copper Prince property consists
of 3,980 hectares and is 100% owned by Sable. It was staked by
Sable in May 2024 as part of the Company’s regional target
generation work. The Property has excellent access, infrastructure,
and mining tradition.
- The Property contains five reported
Cu-Mo showings. Sable’s initial field review of the southern-most
showing (the “CR Showing”) revealed a large zone of sericite
altered granite boulders containing D-type veinlets and local
molybdenite. The altered boulders are observed over a several
hundred metre trend, along various logging roads and across the
forest. Further south, boulders with potassic (K-spar) alteration,
quartz-magnetite veinlets and traces of chalcopyrite were also
found (Figure 2). In general, the claim area is forest-covered and
in situ out crop is rare.
- Most of the altered and mineralized
boulders found to date are located on the northwest margin of a
1.5km diameter, circular magnetic high (Figures 3 to 5). In late
October 2024, Sable completed a 727 sample soil grid, covering the
entire magnetic feature, its margins, and the aforementioned
altered and mineralized float occurrences. Results from the soil
sampling reveal very significant anomalies for Cu, Mo, and Ag,
which, when combined with the mineralized float and geophysical
data, support the existence of a large-scale porphyry system at
Copper Prince.
Dr. Ruben Padilla, President and CEO of Sable
commented, “We are pleased with the results received on Copper
Prince. This large Cu-Mo-Ag porphyry target is located within a
highly endowed mineral district with excellent access and
infrastructure. The size and characteristics of mineralization
inferred from evidence-to-date, demonstrate the potential for a
concealed porphyry deposit with similarities to the past producing
Brenda mine, Copper Mountain, or the world-class Highland-Valley Cu
district near Kamloops. Additional mapping, soil sampling and
ground geophysics are presently being planned for the Spring of
2025. Copper Prince is a significant new addition to our property
holdings in British Columbia.”
Figure 1. Location of the Copper
Prince property showing the main deposits in the district.
Regional and Local Geology
The Copper Prince property is located within a
series of regional Jurassic plutons that include the Okanagan
batholith, the Pennask batholith, and the Osprey Lake batholith.
These large plutonic suites intrude mostly Triassic rocks of the
Nicola Group. Float and limited outcrop indicate the presence of
different pulses and compositional phases within the
granitic/granodioritic masses, including some porphyritic phases
and mafic dykes. Typical porphyry features observed include strong
sericite-pyrite alteration, D-type veinlets, quartz and
quartz-magnetite veinlets, K-feldspar alteration, and local
accumulations of molybdenite and chalcopyrite. The Copper Prince
area has seen little historical exploration, however in 1983
Suburban Resources observed the same altered boulders, trenched to
expose the bedrock, and drilled three short holes to a maximum
depth of 135m, intercepting intensely sericite-altered granite,
multiple hydrothermal breccias and molybdenum mineralization.
Sable’s soil sampling highlights at least four
large and consistent Cu-Mo anomalies (>98th percentile) located
on the N, NE, SW, and centre of the magnetic anomaly. Soil values
reach 732 ppm Cu (Figure 3), 16.95 ppm Mo (Figure 4), and 5.41 ppm
Ag (Figure 5). Rock samples collected from float show significant
Mo values up to 341 ppm with Mo distributed in various places
across the sampling grid. Detailed mapping of the available
outcrop, follow-up of soil anomalies, extension of the soil grid,
ground magnetics, and IP surveys form part of the exploration plan
for 2025. The sampled and investigated areas represent less than
10% of the Copper Prince property, and four additional surface
showings are still pending to review.
Figure 2. Left: Early quartz
veinlets in K-spar altered granite. Center: Coarse molybdenite
crystals along fractures. Right: Traces of chalcopyrite with
malachite and Mn-oxides in granite float.
Figure 3. Distribution of Cu
values from soil sampling at Copper Prince. Note the highlighted Mo
values in rock samples and RTP magnetics in the background.
Figure 4. Distribution of Mo
values from soil sampling at Copper Prince. Note the highlighted Mo
values in rock samples and RTP magnetics in the background.
Figure 5. Distribution of Ag
values from soil sampling at Copper Prince. Note the highlighted Mo
values in rock samples and RTP magnetics in the background.
SAMPLE PREPARATION AND QA/QC
Sample preparation for projects in British
Columbia is carried out by ALS Minerals, at its facility located in
Kamloops with analyses carried out at their laboratory in
Vancouver. Sample preparation includes drying in an oven at a
maximum temperature of 60°C, fine crushing of the sample to at
least 70% passing less than 2 mm, sample splitting using a riffle
splitter, and pulverizing a 250 g split to at least 85% passing 75
microns (code PREP-31). The samples contained in this news release
were analyzed by methods Au-AA24 (Fire Assay Fusion and Atomic
Absorption Spectrometry finish) and ME-MS61 (Four Acid Digestion
with Mass Spectrometry finish); the latter one includes 48 elements
(Al, Ag, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge,
Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb,
Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Both
digestion methods dissolve most minerals, but not all elements are
quantitatively extracted in some sample matrices. ALS additionally
collects a subsample from the coarse reject of the rock samples to
be analyzed by Terraspec; spectral data is sent to AISIRIS
Australia to be processed and interpreted.
Control samples (standards, blanks, and
duplicates) are inserted systematically, and their results
evaluated according to the Company protocols.
QUALIFIED PERSON
Luis Arteaga M.Sc. P.Geo., Vice President
Exploration is the Company's Qualified Person as defined by NI
43-101. He has reviewed and approved the technical information in
this news release.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots
explorer focused on the discovery of Tier-One new precious metal
and copper projects through systematic exploration in endowed
terranes located in favorable, established mining jurisdictions.
Sable’s focus is developing its large portfolio of new Greenfields
projects to resource level. Sable is actively exploring the
San Juan Regional Program (163,969 ha) incorporating the Don Julio,
El Fierro, and Cerro Negro projects in San Juan Province, Argentina
and the Copper Queen (15,133ha), Rusty Peak (1,942 ha), Copper
Prince (3,980 ha), and the Core Mountain (1,925 ha) properties in
British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at
ruben.padilla@sableresources.com or +1 (520) 488-2520 Related
link: sableresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider, as that term is defined in the
policies of the TSX Venture Exchange, accepts responsibility for
the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on Sable’s
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially.
Although such statements are based on reasonable assumptions of
Sable’s management, there can be no assurance that any conclusions
or forecasts will prove to be accurate.
While Sable considers these assumptions to be
reasonable based on information currently available, they may prove
to be incorrect. Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such
factors include risks inherent in the exploration and development
of mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined, risks relating to
variations in grade or recovery rates, risks relating to changes in
mineral prices and the worldwide demand for and supply of minerals,
risks related to increased competition and current global financial
conditions, access and supply risks, reliance on key personnel,
operational risks, and regulatory risks, including risks relating
to the acquisition of the necessary licenses and permits,
financing, capitalization and liquidity risks.
The forward-looking information contained in
this release is made as of the date hereof, and Sable is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
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