Sable Resources

Financials:

Primary ticker: TSXV:SAE, OTC:SBLRF
Stage of development: Exploration
Primary minerals: Au, Cu
Project to promote: Don Julio, El Fierro
Project location: San Juan, Argentina
Website: sableresources.com

Corporate presentation: Click here

Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious metal and copper 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 (163,969 ha) incorporating the Don Julio, El Fierro, La Poncha, and Los Pumas Projects in the San Juan Province, Argentina; and the Mexico Regional Program (1.16Mha in application, 39,000ha titled) incorporating the Vinata and El Escarpe projects.

Cash: CAD$17M
Debt: NIL

Major shareholders:
Osisko Gold Royalties – 9.9%
Merk Financial – 7.7%
Franklin Templeton – 5.6%
Sprott Investment – 3.4%
Management Ownership – 10%

Management Profile

Ruben Padilla – President & CEO
Ruben Padilla, Ph.D. University of Arizona (La Escondida Cu deposit , Chile), +35 years experience in mineral exploration
13 years with BHP and 7 years with Anglo Gold Ashanti
> 12 years as an independent consultant
Member of exploration teams that discovered 47 M ounces of gold; participation in the concept development leading to the discovery of the La Escondida East Cu deposit, Chile

What is your rationale for taking part in 121 Mining Investment?

To present ongoing drill program in four Au-Cu porphyry targets and our pipe line of quality project. Looking for market support and new markets.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Drilling at the La Gringa project. One the four large Au-Cu porphyry systems that will see a second round of drilling during this field season, with potential to discover ore deposits that create great return for Investors.

6 Months: 
Drilling at Punta Cana project. Second of the four large Au-Cu porphyry systems that will see a second round of drilling during this field season, with potential to discover ore deposits that create great return for Investors.

12 Months:
Drilling tow projects at El Fierro project. Pyros and Antenna hill are two more large Au-Cu porphyry systems that will see a second round of drilling during this field season.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Main risk fail to discover economic mineralization. Mitigate with good quality of various projects, drill at least four quality targets per year, and have cash to do the job.

What do you think makes your company such a compelling investment?

1-Focus in large Cu-Au-Mo porphyry targets
2-Pipeline of multiple high quality targets
3-Drilling at least four targets per year
4-Access to >CAD$22M cash to continue systematic exploration approach

What are the top 3 key investor takeaways?

The rigs are turning, and the discovery can happen at any time with potential to generate over 5 to 10 returns to shareholders. No dilution in the short and midterm,