Sable Resources Ltd. is pleased to announce the appointment of Jonathan Rubenstein to the Board of Directors effective immediately. Mr. Rubenstein has served on numerous junior and major mining company boards during the last 38 years and has been actively engaged in the strategic, commercial, governance and government relations aspects affecting the acquisition, financing, exploration, permitting and development of [...]
Sable Resources is pleased to provide an update on the first round of exploration drilling at its Vinata project in Mexico and about the status of drilling permits for its projects in Argentina and Peru. Sable completed 1753m of core-drilling in six drillholes at Vinata North, geochemical results for 530 samples have been received from the first five drillholes. Based on the available results and the presence of [...]
Sable Resources Ltd. is pleased to announce the appointment of Richard Godfrey to the position of CFO effective immediately. Richard Godfrey is a finance professional who has been involved in the mining industry over the last 30 years, both domestic and international. He was preciously the CFO of the Company from November 2017 until September 2018. He has been directly involved in all financial and administration [...]
Sable Resources is pleased to announce that the first drill test will begin this week at its 100% owned Vinata Project. The initial program consists of a minimum of 2000m of core drilling to test the outcropping upper level epithermal veins and their projected extension under shallow quaternary gravel. This Phase 1 drill program will be expanded should positive results warrant additional drilling. This is the first ever [...]
Sable Resources Ltd. announces that as previously described in its press release dated August 28, 2019, it has entered into a definitive royalty purchase agreement with its wholly-owned Mexican subsidiaries and Osisko Gold Royalties Ltd. . The initial closing under the Royalty Purchase Agreement has occurred and Sable has received proceeds in the amount of $5.0 million. Pursuant to the completed initial royalty [...]
Sable Resources Ltd. announces that it has entered into an Investment Agreement along with an Equity Subscription Agreement with Osisko Gold Royalties Ltd. for total potential proceeds of $12.58 million . Sable believes that the Financing will provide the Company with the funding to progress its exploration objectives over its entire portfolio for the next 4 years. Pursuant to the Equity Subscription Agreement Osisko [...]
Sable Resources Ltd. announces that it has completed the distribution of 29,937,618 common shares of Talisker Resources Ltd. to shareholders of the Company. The distribution of the Talisker Shares was effected as a reduction in the stated capital of the common shares of the Company . The Return of Capital was approved by shareholders of the Company at the annual general and special meeting held on June 26, 2019 and the [...]
Sable Resources is pleased to announce the signing of an option agreement with Teck Peru S.A , a 100% subsidiary of Teck Resources Ltd., to acquire 100% interest in the Kirio Property. Kirio is contiguous to Sable's Scorpius Project located in the Miocene Gold Belt of Central Peru. Terms Subject to the Exchange's approval, Sable has an option to acquire 100% interest in the Property , subject to a Back-In Right and NSR [...]
Sable Resources Ltd.Sable Resources Ltd. is pleased to announce a drill permit has recently been received from the Mexican Government for the Vinata Project. With this permit together with the recently approved surface agreements with the local community, the Company is preparing an initial drill program to test the vertical continuity and mineral zoning along a section of the Vinata vein system where the veins are [...]
Sable Resources Ltd. announces that its shareholders and the board of directors of the Company have approved the distribution of 29,944,000 common shares of Talisker Resources Ltd. to shareholders of the Company The distribution of the Talisker Shares will be effected as a reduction in the stated capital of the common shares of the Company . The Return of Capital was approved by shareholders of the Company at the annual [...]
Sable Resources Ltd. announces that it has granted a total of 2,800,000 incentive stock options to certain officers, directors, employees and consultants of the Company pursuant to the Company's Stock Option Plan. Such options are exercisable at a price of $0.15 for a period of five years. The grant of options is subject to the approval and requirements of the TSX Venture Exchange. ABOUT SABLE RESOURCES LTD.: Sable is a [...]
Sable Resources Ltd. is pleased to announce the discovery of base metal skarn mineralisation at their Don Julio Project, San Juan Province, Argentina. The mineralisation can be traced for over one kilometre along strike and returned channel samples of up to 7.91% combined Zn-Pb over 1m and 4.97% Cu over 1m. Channel samples were taken perpendicular to the mineralised horizon and are considered to represent true width. Near [...]