Announcement • Aug 05
Sable Resources Commences Maiden Drill Program At Zorro Project in San Juan Argentina Sable Resources Ltd. announced that diamond drilling has commenced at its 100%-controlled Zorro Project in San Juan Province, Argentina. Drill mobilization was temporarily delayed following an unusual winter weather event that affected the Central Andes in San Juan Province, bringing significant snowfall and limiting access to the project area. Field activities resumed once access conditions improved, and drilling has now commenced safely. The inaugural drill program is designed to test the Zorro Copper, Zorro North, and the recently identified IP conductivity-chargeability anomaly. Additional target evaluation and drill planning will continue at the Zorro Breccia and Zorro Gold targets as exploration progresses. Subject to the results of the initial drilling and ongoing target-generation work, the Company may expand the drill program. Sable remains well funded, with more than CAD 13.5 million in cash and receivables, providing financial flexibility to complete the current drill program and continue advancing its exploration portfolio without the need for immediate financing. Sable has recently consolidated the 8,460 ha Zorro Project through the signing of option agreements and the staking of open ground. The Zorro Project is located in the Frontal Cordillera of San Juan province, directly north of Minsud/South32’s Chita Valley Project, which includes two copper and polymetallic deposits: the Chinchillones deposit containing indicated resources of 188 Mt @ 0.41% CuEq (0.25% Cu, 0.11 g/t Au, 10.6 g/t Ag, 36 ppm Mo, 0.16% Zn) and inferred resources of 573 Mt @ 0.36% CuEq (0.22% Cu, 0.09 g/t Au, 9.0 g/t Ag, 93 ppm Mo, 0.11% Zn); and the Chita South Porphyry Deposit containing indicated resources of 33.1 Mt @ 0.43% Cu and inferred resources of 8.6 Mt @ 0.40% Cu. Sable’s Don Julio Project, which includes four active porphyry targets (Gringa, Morro, Punta Cana, and Tocota) is located 21 km west of the Zorro Project. The potential of the Zorro Project was recognized through Sable’s regional target generation program. The project contains a number of mineral occurrences with associated historical workings, spatially surrounding a strong magnetic anomaly measuring some 7 km by 4 km, which appears to be sourced to a diorite stock that intrudes Carboniferous sediments and Permo-Triassic granites typical of the Argentine Frontal Cordillera in the San Juan region. Live News • Jul 07
Sable Resources Prepares Inaugural Drilling at Zorro After New Copper and Gold Targets Found Sable Resources has completed a 1,719-sample soil geochemistry program at its Zorro Project in San Juan, Argentina, identifying two distinct mineralized domains and confirming and expanding multiple copper and gold targets ahead of a maiden diamond drill program expected to start in July.
The identification of new Cu-Au targets and clearer mineralized domains gives Sable Resources a more defined set of drill-ready prospects, which can be important for advancing the Zorro Project from early-stage exploration toward potential resource definition work.
Sable Resources shares trade around CA$0.07, with the stock up 44.4% year to date, reflecting how news flow and expectations around exploration progress can affect sentiment toward a junior explorer.
The key risk is that maiden drilling is inherently uncertain. Even with encouraging geochemical data, drill results may not match expectations in grade, continuity or scale. New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$17.6m market cap, or US$12.4m). 
