Northwire Canada EditionFriday, October 16, 2026
Northwire
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results

Sable drills 189.1 m of 0.50% CuEq at El Fierro

Sable Resources Confirms Pyros Porphyry Expansion Amidst Price Correction; Moxico Funding Validates Argentina Strategy

Executive Summary
  • The most recent release (April 14, 2026) details drill results from the El Fierro project's Pyros porphyry system in San Juan, Argentina.
  • Results confirm a large, continuous Miocene copper-gold-molybdenum (Cu-Au-Mo) porphyry system with a mineralized footprint of approximately 720 m by 580 m.
  • Key intercepts include Hole FZ-DH-25-92: 189.1 m of 0.50% CuEq including high-grade zones (e.g., 8 m at 3.06% CuEq).
  • The drilling program consisted of 11 holes totaling 3,466 metres completed between November 2025 and January 2026.
  • Funding for this specific program was fully provided by Moxico Resources PLC under an earn-in agreement.
  • This news mirrors the content of the April 13, 2026 release ("Sable Reports Drill Results Extending the Pyros Cu-Au-Mo Porphyry System"), serving as a confirmation or detailed dissemination of the same data set.
Material Impact
  • Incremental Value: The information provided in the April 14 release is substantively identical to the April 13 release. As such, it does not introduce genuinely new market-moving information compared to the prior day's announcement.
  • Confirmation of Strategy: The news validates the Moxico earn-in partnership structure, confirming that partner-funded exploration is successfully delineating mineralization without immediate equity dilution from Sable.
  • Price Context: Despite positive historical results (Jan/Feb 2026), the stock price has declined from a high of $0.09 in January to $0.05 by April 13. This suggests the market may be discounting exploration news due to lack of resource definition or broader sector weakness.
  • Materiality Classification: While drill results are typically material for junior miners, the duplication of information from April 13 shifts this specific release to a "Routine" category regarding new catalysts, though it reinforces the positive trajectory established previously.
SAE · Price
Company Overview
  • Company: Sable Resources Ltd. (TSXV: SAE).
  • Strategy: Greenfield exploration for high-value gold, copper, molybdenum deposits in Argentina and British Columbia.
  • Flagship Project: El Fierro (Pyros Porphyry System) in San Juan Province, Argentina. Currently in exploration phase with no NI 43-101 resource reported.
  • Other Projects: Zorro (newly consolidated), Cerro Negro (partnered), Don Julio (Sable owned after South32 exit), Copper Queen/Copper Prince (British Columbia).
  • Management: Led by CEO Ruben Padilla, with a team claiming >59 Moz gold discovered in the Americas.
Read the original news release →

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