Sable announces termination of Don Julio earn-in agreement with South32

Sable Resources announces that South32 (SOUHY) Aluminum has terminated the Earn-In Agreement dated January 28, 2021, and Sable remains 100% in control of the Don Julio project, located in San Juan, Argentina. Ruben Padilla, Sable’s President and CEO, stated: “We truly appreciate the support of South32 in the advancement of the Don Julio project over the past four years. South32 funded 12,717 metres of reconnaissance drilling and detailed geophysical and geochemical studies, as well as the construction of all necessary road infrastructure, resulting in the discovery of a cluster of four mineralized porphyry centres. The Don Julio mineral system was identified by Sable in 2018 as a result of an exploration strategy aimed at identifying large, underexplored mineral systems along gaps and potential extensions of well-endowed mineral belts in Argentina. Six years later, the Miocene Central Andes, which extend into the San Juan Province, have become one of the prime exploration jurisdictions in the search for large, porphyry-related Cu-Au-Mo deposits. Sable has regained 100% control over the large Don Julio land package, with improved geological understanding and four confirmed targets, supporting potential to host multi-million tonne Cu-Au-Mo porphyries, presently ready for follow-up drilling.” From a regional point of view, work advanced by Sable and by its neighbour, Minsud Resources, is revealing a new, emerging mineral district in San Juan Province. The new “Chita” district includes the historic Chita Cu porphyry deposit, the recently discovered Chinchillones polymetallic deposit, and all the targets within Sable’s Don Julio project.