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An announcement from Sable Resources ( (TSE:SAE) ) is now available.
Sable Resources has reported highly encouraging preliminary rock sample results from its recently acquired Zorro Project in San Juan, Argentina, with assays from 55 of 98 samples returning up to 4.38% copper, 140.5 g/t gold and 584 g/t silver across three distinct target areas. The results outline a 650m by 500m Zorro Copper zone with intrusion-related Cu-Ag-Au mineralization, a Zorro Veins zone of high-grade intermediate-sulphidation epithermal veins historically worked by artisanal miners, and the Zorro Bx breccia zone showing strong epithermal pathfinder anomalies, collectively underscoring the project’s potential to host both bulk-tonnage copper systems and high-grade gold-silver deposits and justifying further detailed mapping, sampling and geophysical work to refine drilling targets.
The most recent analyst rating on (TSE:SAE) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Sable Resources stock, see the TSE:SAE Stock Forecast page.
Spark’s Take on TSE:SAE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAE is a Neutral.
The score is held back primarily by weak financial quality—zero revenue, negative gross profit, and ongoing operating/free-cash-flow burn—despite improved reported profitability and a low-debt balance sheet. Technicals are supportive with clear upward trend and positive momentum indicators, and valuation appears optically cheap via a very low P/E, though it carries elevated reliability risk given the financial profile.
To see Spark’s full report on TSE:SAE stock, click here.
More about Sable Resources
Sable Resources Ltd. is a Canadian mineral exploration company focused on discovering and advancing precious and base metal projects, with a notable presence in Argentina. The company targets copper, gold, silver and associated metals, aiming to delineate both bulk-tonnage and high-grade deposits within underexplored districts to drive long-term resource growth.
Average Trading Volume: 331,327
Technical Sentiment Signal: Hold
Current Market Cap: C$17.59M
For an in-depth examination of SAE stock, go to TipRanks’ Overview page.