Sable Resources Ltd. is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriter’s option. A total of 10,000,000 units of Sable were sold at a price of $0.25 per Unit , for aggregate gross proceeds of $2,500,000 . Each Unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant of [...]
Sable Resources Ltd. is pleased to announce that drilling has commenced at the Tulox Intrusion Related Gold Project located in British Columbia, Canada. Tulox is the second of three projects to be drilled by Sable this year and has not previously been drilled. A minimum of 7 diamond drillholes of up to 400 meters deep for a total of 1800 meters are planned at Tulox to test an initial 1.5km of the 2.5km gold in soil [...]
Sable Resources Ltd. is pleased to announce a finalized drill plan for the Tulox Intrusion Related Gold Project located in British Colombia, Canada. In addition Sable has also finalized and signed a Drill Services Agreement with Atlas Drilling Ltd to conduct the drilling. A total of 1800 meters consisting of 7 diamond drillholes of up to 400 meters deep are planned at Tulox to test an initial 1.5km of the 2.5km gold in [...]
Sable Resources is pleased to announce the initiation of Phase II exploration at the San Juan Regional Exploration Program located in San Juan Province, Argentina. The 48,000ha San Juan Regional Program contains fifteen target areas and includes the Don Julio Project. Phase II exploration will consist of geochemical sampling, detailed alteration and lithological mapping of anomalies outside of the Don Julio project area [...]
Sable Resources is pleased to announce the signing of a Binding Letter of Intent with Alpha Mining to acquire 100% of the 400 hectare Scorpius High-Sulphidation Epithermal Gold Project , located in the prolific Miocene Gold Belt of Central Peru. Historic non-43-101 compliant 1m channel samples at the Scorpius Project returned values between 0.1 and 7.7g/t Au and define a 1km by 0.5km anomalous area coincident with silica [...]
Sable Resources Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. as sole underwriter, pursuant to which Haywood has agreed to purchase, on a "bought deal" private placement basis, 8,000,000 units of the Company at a price of $0.25 per Unit for total gross proceeds of $2,000,000 . Each Unit will consist of one common share in the capital of the Company and one-half of one [...]
Sable Resources Ltd. is pleased to announce a finalized drill plan for the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. In addition Sable has also negotiated and signed a Drill Services Agreement with Boart Longyear Argentina S.A. to conduct the drilling. A minimum of 8 diamond drill holes of up to 450 meters deep for a total of 3600 meters are planned at Don Julio to test the [...]
Sable Resources Ltd. is pleased to announce the appointment of Andrew Malashewsky to the position of CFO. Andrew has over 10 years of finance and accounting experience. He was previously the Vice President of Finance for JDS Silver Inc. in which he was a key member of the team which brought the brownfield Silvertip Mine project from PEA to producing asset in less than 3 years. He has further served in various finance and [...]
Sable Resources Ltd. is pleased to report that the company initiated road and drill pad construction for the Esperanza Target at the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Previously undrilled, Esperanza is the first target to be drilled by Sable within the Don Julio cluster of five targets. Drilling will target mineralisation at depth below the 2 by 2km Esperanza geochemical [...]
Sable Resources is pleased to announce results from drillholes 9 to 12 targeting the Margarita Vein from its ongoing 12-hole drill program at the Margarita Project, Chihuahua State, Mexico. Drillholes M-DDH-18-11 and M-DDH-18-12 are a 250m step-out to the northwest from previously released holes M-DDH-18-05 and M-DDH-18-07. Hole M-DDH-18-09 is located on the same section line than previously released drillhole [...]
Sable Resources Ltd. is pleased to announce a warrant exercise incentive program designed to encourage the early exercise of up to 27,205,500 of its outstanding unlisted warrants exercisable for common shares of the Company . The Warrants are currently exercisable at a price of $0.25 per Common Share until September 8, 2019. Under the Program, the Company is offering an inducement to each Warrant holder that exercises [...]
Sable Resources Ltd. is pleased to inform that the company has received all necessary permitting required to drill the Don Julio High-Sulphidation Gold Project located in San Juan Province, Argentina. Don Julio contains the first 5 targets of 15 identified in the 35,000ha San Juan Regional exploration program. Sable has engaged a civil engineering consultancy to assist with road and drill platform design and has conducted [...]
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