Sable Resources Ltd. has announced the expansion of its Zorro project in San Juan, Argentina, through new staking and an option agreement to acquire the El Acero property. The company entered into an option agreement with an arm's length party to earn a 100% interest in the El Acero mining claim, which covers 887 hectares adjacent to the south of the main Zorro project land package.
Project Expansion Details
The Zorro project previously covered 5,236 hectares under the La Esquina option agreement. With the addition of newly staked claims and the El Acero option, the project now spans approximately 8,460 hectares. This consolidation strengthens Sable's land position and supports its district-scale exploration strategy.
El Acero Property
The El Acero property consists of a single mining claim surrounded by claims already controlled by Sable. The acquisition consolidates the company's land position at Zorro and increases the total project area. The property has seen limited modern exploration, but the combination of new staking and property consolidation provides greater flexibility for future exploration programs.
Exploration Targets
Located in the Frontal Cordillera of San Juan Province, the Zorro Project is situated north of the Chita Valley district. Exploration has identified multiple mineralized target areas, including copper-rich intrusion-related mineralization, polymetallic veins, and magmatic-hydrothermal breccias. These targets have been detailed in previous company news releases.
CEO Statement
Dr. Ruben Padilla, President and CEO of Sable Resources Ltd., commented, "The expansion of the Zorro project through both the staking of additional open ground and the acquisition of the El Acero claim strengthens our control of the district and supports our long-term exploration strategy. While the El Acero claim itself has seen limited modern exploration, the combination of new staking and property consolidation provides greater flexibility for future exploration programs and supports our district-scale approach at Zorro."
Option Agreement Terms
To earn a 100% interest in the El Acero property, Sable must:
- Make a payment of US$75,000 upon signing (already paid);
- Make a payment of US$100,000 nine months after signing; and
- Make a payment of US$125,000 fifteen months after signing.
There is a 1% net smelter royalty on the property, which the company may purchase for US$1,000,000.
Qualified Person
Luis Arteaga, M.Sc., P.Geo., Vice President Exploration, is the company's Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this news release.
About Sable Resources Ltd.
Sable is a well-funded junior grassroots explorer focused on discovering Tier-One precious metal and copper projects through systematic exploration in endowed terranes within favorable mining jurisdictions. The company is actively exploring the San Juan Regional Program, covering over 141,000 hectares, which includes the Don Julio, El Fierro, Cerro Negro, and Zorro projects in San Juan Province, Argentina, as well as the Copper Queen, Copper Prince, and Core Mountain properties in British Columbia, covering 21,038 hectares.
