Sable Announces Option Agreement Consolidating the New "Zorro" Project in San Juan, Argentina

Executive Summary

• Sable Resources entered a binding letter agreement to acquire 100% of the 5,236‑ha “La Esquina” property in San Juan, Argentina, which will be renamed the “Zorro Project.”
• The acquisition positions Sable adjacent to major copper‑polymetallic deposits (Minsud/South32 Chita Valley) and adds a high‑potential land package for future drilling.
• Payment schedule totals US$990,000 over three years, with an optional 1% NSR purchasable for US$1,000,000.

Key Details

• Property Size & Location: 5,236 hectares in the Frontal Cordillera of San Juan, Argentina; adjacent to Chita Valley copper resources.
• Acquisition Structure:
• Initial paid US$25,000 at signing of letter of intent (already paid).
• Additional US$25,000 due upon signing the definitive option agreement.
• US$70,000 payable before the first anniversary of the option agreement.
• US$120,000 payable before the second anniversary.
• US$760,000 payable before the third anniversary.
• Net Smelter Royalty: 1% NSR on the property; can be purchased for US$1,000,000.
• Exploration Potential: Identified three mineralization styles – intrusion‑related Cu, magmatic‑hydrothermal breccias, and epithermal veins – with historic occurrences and a large magnetic anomaly (~7 km × 4 km).
• Planned Work: Detailed mapping, sampling, trenching, geophysics now; drill program slated for H2 2026.
• Sampling Activity: 98 rock samples collected, currently being analyzed by ALS Minerals.
• Infrastructure: Excellent road access (23 km from nearest village), low elevation (2,600 m), enabling year‑round work and reduced exploration costs.
• Qualified Person: Luis Arteaga M.Sc., P.Geo., VP Exploration, NI 43‑101 QP who reviewed and approved technical information.

Notable Quotes

“The consolidation of the Zorro land will allow us to explore a high‑potential project along a world‑class mineral belt with chances of discovering porphyry, epithermal or intrusion related mineralization. Adding Zorro to our project pipeline shows our commitment to exploration in San Juan, one of the most attractive jurisdictions in the world.” – Dr. Ruben Padilla, President & CEO

Materiality Assessment: Material – Positive (significant expansion of Sable’s land base in a high‑grade copper district with clear development plans and defined financial commitments).