Sable Initiates Field Work at the Don Julio Project in San Juan, Argentina

VANCOUVER, British Columbia, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that field exploration activities for the 2023-2024 exploration season have commenced at the Don Julio Project in San Juan, Argentina (“Don Julio”). All exploration expenditures at Don Julio are fully funded by the Earn-In Agreement between the Company and South32 signed in 2021.

The 2023-2024 exploration season work will focus on target generation along the eastern limits of the Don Julio land package, close to the western margin of Minsud Resources Corp.’s (“Minsud”) (TSX.V:MSR) mineral claims; where Minsud and South32 recently discovered the Chinchillones breccia-porphyry target. Target generation work will include mapping, geochemistry, and an IP survey along the extension of the Chita Valley within the Don Julio properties.

Dr. Ruben Padilla, Sable’s President and CEO commented, “Targets generated in this field season will be added to the list of known porphyry targets within the Don Julio project and ranked to define drill priorities for the next drilling campaign. This field season will complete the target generation work initiated by Sable in 2018 that has proven the presence of Cu-Au porphyry centers along a newly recognized NNW lineament of Miocene porphyry systems located along the Chita Valley.”

Figure 1. Location of known porphyry targets within Sable’s Don Julio land package
and Minsud’s Chita Valley project, including the recently discovered Chinchillones porphyry.
Exploration programs for both Sable and Minsud are financed by South32.

ABOUT THE DON JULIO PROJECT

The Don Julio project comprises 69,350 hectares in the Cordillera Frontal in San Juan, Argentina. It includes the Don Julio cluster that contains numerous targets of porphyry (La Gringa, Poposa, Amarillo, Punta Cana, Tocota); intermediate sulfidation (Lodo, San Gabriel, Colorado); skarn (Fermin); and the regional properties that include the Los Pumas project as well as extensive unexplored ground. Since 2018, Sable has conducted systematic surface work including mapping, rock sampling, talus sampling, GroundMag, UAV-Mag, and induced polarization. Sable performed a first drilling campaign in 2018-2019 with 3,101m drilled in 11 holes, a second campaign in 2021- 2022 comprising 4,294m in 9 holes, and a third campaign in 2022-2023 including 5,445m in 13 holes. In 2021, Sable signed an Earn-In agreement with South32 to jointly explore the Don Julio project.