Sable Announces Termination of Don Julio Project Earn-in Agreement with South32 and Highlights Exploration Upside in Four Identified Porphyry Targets

Core Viewpoint - Sable Resources Ltd. has regained 100% control of the Don Julio project in Argentina after South32 terminated their Earn-In Agreement, allowing Sable to advance its exploration efforts independently [1][2]. Group 1: Project Overview - The Don Julio project is located in San Juan, Argentina, and covers an area of approximately 69,350 hectares along the Central Andes Miocene Mineral Belt, known for large Cu-Au-Mo porphyry deposits [15]. - Sable's exploration strategy, initiated in 2018, has identified a significant mineral system with four confirmed targets that have the potential to host multi-million tonne Cu-Au-Mo porphyries [2][15]. Group 2: Exploration and Drilling Results - Technical work funded by South32 from 2021 to 2025 has generated multiple exploration targets, with at least five remaining open for additional drilling [5]. - Significant drilling results from the La Gringa target include: - DJ-DH-22-11: 305m @ 139 ppm Mo; 0.091% Cu; and 0.95 g/t Ag from 528.0 to 833.0m - DJ-DH-22-15: 157m @ 319 ppm Mo and 0.068% Cu from 844.0 to 1,001m - DJ-DH-22-07: 61.9m @ 0.16% Cu, 0.2 g/t Au and 1.5 g/t Ag from 28.5 to 90.4m [9][10]. - The El Morro target, located 2.5 km south of La Gringa, has shown extensive alteration and positive geochemistry, with one hole completed in 2024 indicating porphyry mineralization [10]. Group 3: Regional Context - The work conducted by Sable and neighboring Minsud Resources is contributing to the emergence of a new mineral district in San Juan Province, referred to as the "Chita" district, which includes several significant deposits [2][4]. - The Don Julio project is strategically positioned within a region that contains other notable porphyry mineral centers, enhancing its exploration potential [15]. Group 4: Future Plans - Sable plans to leverage its in-house porphyry exploration expertise and extensive database to advance targeting and follow-up drilling at the Don Julio project, which is considered a Tier One exploration asset [15].