Sable Provides End of Year Exploration Update from Don Julio Project in San Juan, Argentina

VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to provide an update on the most recent exploration activities at the Don Julio Project in San Juan, Argentina (“Don Julio”). All exploration expenditures at Don Julio are fully funded under the Earn-In Agreement between the Company and South32, signed in 2021.

Highlights

• 21 km of IP survey were completed along the Chita Valley, obtaining two new chargeability anomalies that have become direct drilling targets.
  
  
• Detailed mapping and sampling was initiated at the Tocota porphyry target. Partial results from rocks samples reported up to 4.05 g/t Au; 30.9 g/t Ag; and 0.1% Cu and 1.52 g/t Au; 66.8 g/t Ag; and 0.26% Cu.
  
  
• A soil grid of 628 samples was completed at the Tocota porphyry target, with results expected mid-January.
  

Tocota Porphyry Target

The Company has completed the road access to the Tocota porphyry target and initiated detailed mapping of the area. Results have been received for new rock samples collected during the month of November. Highlighted values include up to 4.05 g/t Au; 30.9 g/t Ag; and 0.1% Cu in a vuggy silica float; and 1.52 g/t Au; 66.8 g/t Ag; and 0.26% Cu in a silica sulphate structure with evidence of advanced argillic alteration. These two samples are located 1.3 and 1.9 km from the main Tocota porphyry veinlets zone opening possibilities for new mineralized areas. These new areas were never sampled before due to difficult access.

Figure 1. Location of new anomalous samples with respect to the main veinlets zone of Tocota

Additional to the mapping and prospection, the Company completed a soil grid of 628 samples at the Tocota porphyry target to better understand the distribution of Au-Cu anomalies and to get geochemical information from heavily covered areas. The samples have been submitted to ALS and are currently being analyzed with results expected by mid- January.

Figure 2. Soil grid completed at the Tocota porphyry (results pending)

Chita Valley IP Survey

The Company recently completed 21 km of IP survey along the Chita Valley from La Gringa zone to the eastern limit of the property, obtaining two new chargeability anomalies that have become direct drilling targets. These new IP anomalies are mostly covered by quaternary gravels and show values up to 50 mv/v. The most eastern anomaly is located 3.2 km east of the nearest drill hole showing the significant potential that the Company has opened with this survey.