Phoenix, Arizona--(Newsfile Corp. - June 29, 2021) - The Stock Day Podcast welcomed Sable Resources LTD. (OTCQB: SBLRF) ("the Company"), a well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. CEO of the Company, Dr. Ruben Padilla, joined Stock Day host Everett Jolly.
"We are an exploration company and our goal is to deliver value through mineral discovery," said Dr. Padilla to start the interview. "Our competitive advantage is the way that we do things," he shared. "We look for deposits with a size and grade that can create value to the company," said Dr. Padilla. "We are very careful with the projects that we pick," he continued. "Another thing is very important to us is to be in a jurisdiction where we can advance our projects to drilling fast and eventually build a mine," he explained. "We also have an efficient and small team, which is important in mineral exploration."
Dr. Padilla then elaborated on the Company's long list of projects within their portfolio, which provides them with flexibility and opportunity. "Most importantly, it is important to be well financed," said Dr. Padilla. "Our advantage is in having those fundamentals well covered."
Jolly then asked about the results of the Company's drill results for their El Fierro project. Dr. Padilla explained that the Company began the project in October of last year and commenced drilling by February of 2021. "We have completed 3,300 meters of drilling in 25 holes," said Dr. Padilla. "We now have over eight kilometers of veins with high-grade results," he added. "The first round of drilling was very successful. We were able to prove the continuity of mineralization in the known old veins and to discover various new veins, El Fierro has a district scale potential."
The conversation then turned to the Company's La Poncha and Don Julio projects located in San Juan, Argentina. Dr. Padilla elaborated on the potential and size of these projects, and shared that the Company is preparing to drill at the La Poncha Project in two gold - copper targets. "These are the kinds of targets that can completely change the face of the company; they are big targets," he shared. "South of that we have our Don Julio project which is under an earn-in agreement with one of the largest base metal companies (South32). At Don Julio we have at least three targets moving to the drilling stage, which are large gold and copper targets," he explained. "We will have multiple projects to drill next year."
"What are your financial positions for these drill plans?" asked Jolly. "Our plan is to spend between eight and ten million dollars of our money to do all of the work that we need to do, and will drill the Don Julio targets with the cash coming from South32," shared Dr. Padilla, adding that this will still leave the Company with about $20 million. "We have all of the money that we need to do the right exploration work."
To close the interview, Dr. Padilla elaborated on the potential of the Company as they continue to advance their extensive portfolio of projects, while still remaining undervalued.
To hear Dr. Ruben Padilla's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7895560-sable-resources-ltd-discusses-upcoming-drill-program-and-12-5-million-private-placement-with-th
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ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (128,992 ha) incorporating the Don Julio, El Fierro, La Poncha, and Los Pumas Projects in San Juan Province, Argentina; and the Mexico Regional Program (1.16Mha in application, 39,000ha titled) incorporating the Vinata and El Escarpe projects.
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Sable's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Although such statements are based on reasonable assumptions of Sable's management, there can be no assurance that any conclusions or forecasts will prove to be accurate. In particular, this release contains forward-looking information relating to, among other things, the receipt of regulatory approvals, the use of proceeds from the Offering and the listing of the Common Shares on the TSX Venture Exchange.
While Sable considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and Sable is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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