Sable Resources Consolidates Zorro Land Package to 8,460 Hectares

Sable Resources expanded its Zorro project in San Juan, Argentina, to about 8,460 hectares. The company staked additional open ground and signed an option agreement to buy the adjacent El Acero claim, it said Monday. The previous project area was 5,236 hectares under a separate option.

The El Acero property is a single claim covering 887 hectares. It is surrounded by claims Sable already controls. To earn a 100% interest, Sable must make cash payments and share issuances over four years.

Dr. Ruben Padilla, Sable's president and CEO, said the expansion strengthens the company's control of the district. "The combination of new staking and property consolidation provides greater flexibility for future exploration programs and supports our district-scale approach at Zorro," he said.

The Zorro project sits in the Frontal Cordillera of San Juan Province, north of the Chita Valley district. Sable has identified copper-rich intrusion-related mineralization and polymetallic veins on the project. The targets also include magmatic-hydrothermal breccias, a style that can host high-grade copper.

The El Acero claim has seen limited modern exploration, Padilla noted. The company plans to use the expanded land package for its district-scale exploration approach, he said.

Sable describes itself as a well-funded junior explorer. It is also advancing other projects in San Juan and British Columbia.

The seller of the El Acero claim retains a 2% net smelter return royalty.

Sable shares trade on the TSX Venture under SAE and on the OTCQB under SBLRF.