Sable Announces Preliminary Results from Cerro Negro Greenfields Project in San Juan Argentina

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF) is pleased to announce preliminary exploration results from its new grassroots Cerro Negro project recently staked by the Company. Cerro Negro is an early-stage project located 50km east of Sable’s Don Julio Project, 35 km NW of Challenger Gold’s Hualilan Project, and 34 km ENE of Minsud Resources – South32 Chita Valley Project in the province of San Juan, Argentina.

Dr. Ruben Padilla, President and CEO of Sable commented, “Cerro Negro was identified by Sable during its ongoing project generation work. This project represents an opportunity for new concealed copper resources along underexplored segments of known fertile terrains. We have employed conceptual work and systematic modern exploration techniques that step by step keep suggesting the potential for finding a new Miocene blind porphyry system. The exploration program at Don Julio is ongoing with results from the 2023 / 2024 exploration season anticipated late March.”

Highlights

• New project with excellent location, infrastructure, access, and lower elevation allowing year-round exploration work.
• 100% owned by Sable, never explored, or drilled before.
• Located along a NW regional structure within the fertile San Juan Miocene mineral belt.
• Geophysical, geochemical, and alteration anomalies indicating potential for Miocene porphyry mineralization concealed under Quaternary gravels.

Figure 1. Cerro Negro project summary looking SSW.

Cerro Negro was staked based on the presence of a regional magnetic anomaly under quaternary gravels. After staking the ground, Sable conducted geological mapping finding discrete outcrops of Miocene porphyry intrusions; additionally, Sable completed two lines (9km) of Induced Polarization (IP) survey finding a significant chargeability anomaly of at least 800 by 900m on the SW margin of the magnetic anomaly; and a second, more subtle chargeability anomaly on the NE extreme of the IP survey. Rock sampling on available outcrops returned copper anomalies up to 0.1% Cu associated with small quartz-carbonate structures hosted in Ordovician sediment and containing trace amounts of chalcopyrite and Cu oxides. Spectral analysis of rock samples collected shows the presence of white mica, chlorite, and epidote alteration, all of them typical of porphyry environment.