CORPORATE PRESENTATION September 2019 Greenfield Exploration at its - - PowerPoint PPT Presentation

CORPORATE PRESENTATION

September 2019

TSXV:SAE

Greenfield Exploration at its Best

September 2019 TSXV:SAE

2

Forward Looking Statements

Certain statements in this presentation document are forward-looking statements, which reflect the expectations of management regarding the business development objectives and plans of Sable Resources Ltd. and it’s subsidiaries (collectively referred to as “Sable” or the “Company”. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this presentation include: statements regarding the company’s proposed targets for production and for other exploration and development plans; statements regarding exploration upside; statements regarding projected metallurgical recoveries; statements regarding plans for 2018 exploration and development; statements regarding expected costs; statements regarding the mill; and statements regarding 2018 objectives and targets. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed

• r implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the

inherent uncertainties and speculative nature associated with gold and silver exploration, (3) a decreased demand for gold and silver, (4) any number of events or causes which may delay exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company’s control. These forward looking statements are made as of the date of this presentation and the Company assumes no obligation to update these forward looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company’s public filings with Canadian securities regulators, available on SEDAR at www.sedar.com. Any Resources, Reserves or

• ther estimates as to the volume of mineralized rock contained herein are historical estimates and were completed prior to the implementation of NI

43-101 unless expressly stated. Sufficient work to classify the historic mineral resource as a current mineral resource has not been completed. Hence, the resource estimate should not be relied upon.

Sable Highlights

TARGETING

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Focused on underexplored projects with good potential for camp size, high-grade discoveries

LAND POSITION

Large size mineral tenure packages to allow for mineral belt scale exploration and discovery

• f world class deposits

PARTNERSHIPS

JDS Energy and Mining Inc., and Talisker Exploration Services Inc.

MANAGEMENT

New management team in place as of 2017 with a good track record of success

POLITICAL RISK

All projects located in safe, stable British

• Columbia. Argentinian &

Mexican Jurisdictions

PROGRAM EXECUTION

Experienced well-trained country based exploration teams with local knowledge and skills

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Corporate

Share Structure and Capitalization

1 Year Share Price Performance Current Price (as at Sept 04, 2019) C$0.12 52-Wk High C$0.36 52-Wk Low C$0.09 OSK Financing (Shares) 16,000,000 Other Shares Outstanding 145,416,897 Market Capitalization $19,370,028 Less: Cash (Sept 04, 2019) $2,1000,000 Plus: Debt $0 Enterprise Value $17,270,028 Capital Structure (C$M Except Per Share Figures) Dilutive Securities

Type Expiry Strike Amount

Warrants 12-Sep-21 $0.35 4,191,950 Warrants 11-Oct-20 $0.35 5,000,000 Warrants 11-Oct-20 $0.25 600,000 Warrants 15-May-21 $0.15 2,876,667 Warrants 29-Aug-22 $0.21 8,000,000 Options 24-Oct-21 $0.10 1,200,000 Options 3-May-22 $0.15 2,550,000 Options 10-Nov-22 $0.17 2,200,000 Options 26-Mar-23 $0.245 3,200,000 Options 26-Oct-23 $0.30 1,300,000 Options 27-Feb-24 $0.25 450,000 Total 31,568,617 (Add) Basic Shares Outstanding 161,416,897 Fully Diluted Shares Outstanding 192,985,514

September 2019

Management & Board Own 13.5%

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Corporate

Sable Leadership M A N A G E M E N T Tom Obradovich

President, CEO, Chairman

Luis Arteaga

QP, Exploration Manager

Terry Harbort

VP Corporate Development

Ruben Padilla

VP Exploration

Over 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp.; was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador; a co- founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt; acquired most of the Matachewan gold camp by an RTO of Young-Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005; and serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc.

• Mr. Arteaga is a professional

geologist with more than 13 years of experience in precious metals exploration in a wide range of mineral deposits. Luis has worked for various major and junior companies including 5 years with AngloGold Ashanti in Colombia and Brazil. Luis joined Talisker Exploration Services in 2011 as Senior Geologist where he worked in Mexico, Peru, Northern Ireland and Canada on behalf of the Osisko group of companies. Luis holds a BSc in geology from Universidad Nacional de Colombia and an MSc degree from Laurentian University. Luis is a P.Geo and member in good standing of the APGO in Ontario and holds a temporary permit from the OGQ in Quebec. PhD in Structural Geology and

• Tectonics. Recognised senior

member of the discovery team

• f AngloGold's Ashanti's La

Colosa and Gramalote

• deposits. Specialist in mapping

and interpretation of ore geometries and ore controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project

• management. Co-founder and

VP Exploration of Talisker Exploration Services. Currently the Chief Geoscientist for Barkerville Gold Mines Ltd and Osisko Nominee to the board of IDM Mining. PhD from the University of

• Arizona. Over 30 years

experience in the mineral exploration industry, Dr. Padilla has completed important research at the La Escondida deposit. With AngloGold Ashanti Ltd., he acted as exploration country manager in Peru and in Colombia and as chief geologist for the Americas exploration group. He was part of the team that discovered the Colosa and Gramalote deposits in

• Colombia. He is the founder

and chief geologist for Talisker Exploration Services Inc. Dr. Padilla is a director of UniGold Inc. and Minera Alamos Inc.

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Corporate

Sable Leadership B O A R D O F D I R E C T O R S Brent Gilchrist

Director

Terence Harbort

Director

Andres Tinajero

Director

Donald Njegovan

Director

Tom Obradovich

President, CEO, Chairman An accomplished finance executive with extensive experience in the investment and banking

• sectors. He is currently

the President of JDS Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment management, acquisitions and project

• financing. Brent is also

the President and Co- founder of JDS Silver Inc., the owner and

• perator of the Silvertip

Mine located in Northern British Columbia. PhD in Structural Geology and Tectonics. Recognised senior member of the discovery team of AngloGold's Ashanti's La Colosa and Gramalote

• deposits. Specialist in

mapping and interpretation

• f ore geometries and ore

controls covering various types of geological environments with direct applications to mineral economics from target generation, target definition and evaluation, and project

• management. Co-founder

and VP Exploration of Talisker Exploration

• Services. Currently the

Chief Geoscientist for Barkerville Gold Mines Ltd and Osisko Nominee to the board of IDM Mining. Holds a MBA and is a Member of the Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australia and he is a Certified member of the Institute of Corporate Directors. He has served as CFO and Vice President of Finance of several medium sized public companies across Canada. Has over 25 years of experience in the mining

• industry. He holds a

bachelor of science in mining engineering from Michigan Technological University and a bachelor

• f arts from the University
• f Manitoba. Currently, he

is the vice-president, new business development, at Osisko Mining Corp. He was formerly managing director of global mining at Scotiabank, an investment banker at Toll Cross Securities Inc., and also worked underground and as a mining engineer throughout North America.

• Mr. Njegovan is a director
• f Cabral Gold Ltd. and

was on the board of directors of St. Andrew Goldfields Ltd. up until it was acquired by Kirkland Lake Gold.

Over 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp.; was a key individual behind Aurelian Resources (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador; a co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt; acquired most of the Matachewan gold camp by an RTO of Young- Davidson Mines Ltd. which was subsequently acquired by Northgate Minerals in 2005; and serves on the board of Barkerville Gold Mines Ltd. and Dalradian Resources Inc.

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Strategy

Well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions Sables' main focus is developing their large portfolio of new greenfield projects to resource stage utilizing their Upper Level Epithermal Strategy Discovery by Systematic Exploration

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Sable Greenfields

• Proven Discovery

Methodology

• No Project Recycling
• World Class Pipeline
• Clear Pathway to Drilling
• Clear Advance or Discard

Criteria

• Experienced

Knowledgeable Team

• High Risk Early Stage

Already De-Risked

Major Style Exploration by a Junior

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Sable Greenfields

Major Style Exploration by a Junior

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Sable Mexico Greenfields

Drill Project Overview

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Sable Mexico Greenfields

New Claims over Key Target areas including Vinata

Sable Tenements and Projects In Chihuahua State Manzana Mineral Applica-on 405,619 ha 39,414 ha in 11 mining -tles Phase 1 finished, Phase 2 pending Important mining district

• The world class CRD Naica and

Santa Eulalia Ag-Zn-Pb districts

• Large Ag-Zn-Pb vein districts of Los

Gatos and Cusi Ac-ve Sable Projects

• Margarita: in second round
• f drilling
• Vinata: drill ready

Stream Sediments - Sable Rock Sample- Sable VINATA MARGARITA Chihuahua City Terrazas Savonarola Naica Ag-Zn-Pb Santa Eulalia Ag-Zn-Pb Los Gatos Trend Ag-Zn-Pb Pedernales Ag-Pb-Zn Cusi Ag-Pb-Zn

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Margarita Discovery

• Low-Intermediate Sulphidation Epithermal Ag
• 1.7km of Outcropping Multiple Veins
• Chanel Sampling 100-900g/t Ag
• 1kg/t+ values in Drill Results
• Wide Vein Intercept Widths to over 12m
• Mining Friendly Chihuahua
• Adjacent to Sunshine Silver Los Gatos (256Moz

AgEq) & Surrounded by Sunshine Claims

• Option to Earn 100%
• Second Stage Drilling 19 Holes Underway

Currently Drilling - Bonanza Grade Target

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Margarita Drill Hole Locations

Second drill phase over Margarita & first drill test on other outcropping veins

M a r i e v e i n

Ongoing second phase drill plan along the Margarita Vein First exploration drill test plan over the other 4 veins outcropping at the Margarita project

September 2019

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Margarita

Vein Intercepts

E

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Vinata

• Grassroots Discovery
• Not Previously Drilled
• Strong Pathfinder Indicators
• Low-Sulphidation Epithermal
• Mining Friendly Chihuahua
• 100% Sable Owned
• Completed 43-101
• Permitting Initiated
• Drill Ready

Grassroots Discovery From Systematic Exploration

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El Escarpe

• Grassroots Discovery
• Upper Level Low-Sulphidation

Epithermal

• Close to Infrastructure
• Chalcedonic to Opaline Textures
• Mineralised Above Bonanza Au

to 1.5g/t, Ag to 66g/t

• 100% Sable Owned
• Completed 43-101
• Permitting Underway
• Drill Ready

Multiple Drill Ready Targets

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Scorpius

• Miocene-Pliocene Central Peru

Metallogenic Belt

• Large Strong Alteration Footprint
• Significant Geochemical Anomaly

Values up to 7.75g/t Au

• Phase II & Drill Permitting

Underway

• Option to Own 100%

High Sulphidation Target

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Scorpius High Sulphidation Gold System

Technically Drill Ready – Drill Plan for mid 2019

RESISTIVITY HIGH

L1 L2 L3 L3

RESISTIVITY HIGH R E S I S T I V I T Y H I G H

• Satellite image. Au samples results from domes and volcanic rocks

affected quartz-alunite altera;on, some vuggy silica and silicifica;on.

• E-W sec;ons, looking N. Showing resis;vity

anomalies probably represen;ng silica zones. See line loca;on in the map on the leE. L2 L1 400 m

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San Juan Regional

• 16 Targets Identified in 35,000ha
• 6 Located in Don Julio Cluster
• High & Low-Intermediate

Sulphidation Style Epithermal Recognized by Sable Exploration Team

• Mining Friendly San Juan

Jurisdiction

• Option to Own 100%

Extending the Prolific El Indio Trend in Argentina

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San Juan Land Package

1 2 3

4

5 6 7 8 9 11 10

14

15 18 19

1-Patos 2-Patos Norte 3-SF Este 1 4-SF Este 2 5-SF Este 3 6-Skarn 7-Esperanza 8-La Gringa - Amarillo 9-Colorado 10-Heaven Hill – Tocota 11-San Gabriel 12- Lodo N 13-Lodo S 14-LG 15-Majadita 16-Ruta Norte 17-Las Amarillas 18-Oti 19-Satellite

16

17

58,629 ha and 19 anomalies

• Don Julio Cluster includes all targets explored during

the last 2 years.

• All other anomalies are pending Phase 1 review.

Don Julio Cluster Don Julio Cluster

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Don Julio & Surrounding Target Zones

Large Cluster of Mineralized Centers Colorado Vein Target

DH1 DH2 - 10 DH3 DH4 DH5 DH6 DH7 DH8 DH9

Tocota La Gringa Punta Cana Untested Au in Rock

Esperanza Heaven Hill

2000 m

Phase 3 and Phase 2 Update

• 3101 m of core drilling were

completed in 11 DHs.

• Heaven Hill and Esperanza

targets drilled.

• Classic vuggy silica blanket was

not present.

• Possible alternative target at the

low angle contact of Miocene volcanic and siliciclastic basement

• Mapping is unveiling a large

epithermal field with HS and IS epithermal centers and newly recognized outcrops of porphyry type veins

Large gold anomalous area with a mix of advanced argillic alteration and illite-smectite zones.

• 3 large outcropping upper

epithermal level vein systems (San Gabriel, Lodo, and Colorado).

Intermediate Sulphidation Veins Porphyry Vein Type Outcropping Veins

• Newly recognized outcropping zones

with “A, D, and Maricunga” porphyry type veins (Totoca & La Gringa).

San Gabriel

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Lodo Vein System

5,500 m structure with upper level Intermediate Sulphidation Veins

• Drill Plan for Late-2019

L3 L2 L1

Preserved paleowater table Bladed calcite, fluorite, barite Hydrothermal breccias 2 to 10 m wide

• paline-chalcedonic

vein

• NW Normal fault zone affecting the

Paleozoic siliciclastic rocks & Permo- Triassic felsic batholith.

• Typical upper level epithermal

textures well exposed, up to 80 m wide:

• Paleo water table preserved on the

northwest.

• Hydrothermal breccias, abundant

carbonate, Mn Oxide, some barite, fluorite, bladed calcite replaced by silica, and chalcedonic and opaline silica in structures.

• Observed individual veins between 2

and 10 m wide

• Spatially associated altered felsic and

mafic dikes

• Initial sampling reports values up to: 0.33

ppm Au, 48.8 ppm Ag, 2.3% ppm Mn, 1 % Zn, 1.38% Pb, 1280 ppm As, and 5390 ppm Ba.

• Mapping and sampling completed in

April

New Discovered by Sable: Never Mapped, Never Sampled Before Drill Permitting Underway

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Lodo Vein System

Intermediate Sulphidation Veins

Preserved paleowater table Bladed calcite, fluorite, barite Hydrothermal breccias 2 to 10 m wide opaline- chalcedonic vein

Banded crustiform vein with chalcedony and oxidized barite - carbonate Oxidized bladed calcite replaced by silica White to greenish massive chalcedonic- opal silica

Looking toward the northwest ~ 5,500 m along the NW Strike

Hydrothermal Breccia

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Colorado Vein System

> 2000 m Intermediate Sulphidation Vein - Drill Plan for Late-2019 – Early 2020

New Discovered by Sable: Never Mapped, Never Sampled Before

Preserved paleowater table Hydrothermal breccias Altered felsic dike H i g h s u l p h i d a t i

• n

I n t e r m e d i a t e s u l p h i d a t i

• n
• NE fault-breccia zone affecting the

Paleozoic siliciclastic rocks

• Strong silicification along the structure,

chalcedonic silica, hydrothermal breccia, and pervasive silicified sandstone nearby interpreted as paleo water table level

• Spatially associated to an altered

felsic dike Close to the outer limit of the high sulphidation system of Amarillo.

• Initial sampling reports values up to:

3.12ppm Au, 62 ppm Ag, 17 ppm Hg, 3910 ppm Mn, 1665 ppm Zn, 3740 ppm Pb, 458ppm As, and 1770ppm Ba.

• Mapping and sampling completed in

April

• Target Au-Ag (Zn-Pb) bonanza zones

(Cerro Negro Style) Drill Permitting Underway

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San Gabriel Vein System

> 2500 m Intermediate Sulphidation Veins - Drill Plan for Late-2019 – Early 2020

New Discovered by Sable: Never Mapped, Never Sampled Before

Limit of the Tocota dome field Large E-W fault zone Large andesitic dike Some of the mapped silica veins

• Multiple chalcedony – opal

silica veins associated with a large E-W fault zone hosted by the copula of a felsic Late Paleozoic batholith and its Paleozoic siliciclastic roof pendant

• Individual veins from few cm

t o 6 m w i d e w i t h chalcedonic-opaline silica, hydrothermal and fault breccias, bladed calcite and banded silica textures

• Initial sampling reports

values up to: 7.64 ppm Au, 100 ppm Ag, 18 ppm Hg, 5550 ppm Mn, 2400 ppm Zn, 1.3 % Pb, 617 ppm As, and 4820 ppm Ba.

• Mapping and sampling completed in April
• Target Au-Ag (Zn-Pb) bonanza zones (Cerro

Negro Style) Drill Permitting Underway

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San Gabriel & Colorado Vein Systems

Possible preserved paleowater table Hanging wall strong silicification Hydrothermal breccia 3.19 g/t Au Colorado structure

• utcrop >

2000 m

COLORADO SAN GABRIEL

Part of the area with outcropping veins ~2500 m along strike Hydrothermal breccia 3.19 g/t Au Opal – San Gabriel Banded chalcedony – San Gabriel San Gabriel

• utcropping veins

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New Discovery – Large Telescoped Porphyry-Epithermal System

• Porphyry veins type (A. D, and

M a r i c u n g a t y p e ) h a d b e e n recognized for first time in the project area

• The roll of the porphyry type veins

and its mineral potential is under interpretation and evaluation

• La Gringa associated with a Qz-

Diorite with sericite – chlorite – smectite alteration and with a Qz- Fds porphyry. All overprinted by deep levels of a high sulphidation system (silica, pyrophyllite, dickite, kaolin, alunite, and some vuggy silica alteration)

• Tocota, two occurrences associated

with a Qz-Diorite dikes

• Main fluid flow related to the high

sulphidation system was along the contact of Paleozoic basement with the Miocene volcanic rocks and a l o n g s t r u c t u r e s . P o t e n t i a l stratabound target zone

Tocota E-W Fault Tocota intrusive center Probable volcanic next Esperanza Heaven Hill Part of the contact between siliciclastic basement and Miocene volcanic rocks

San Gabriel 2 km

Porphyry Vein Type Outcropping Veins Limit of high sulphidation

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Recently Identified Porphyry Veins

New Discovery By Sable

Role of the porphyry type veins and mineral potential is under interpretation and evaluation, including mapping, sampling, petrography, U-Pb dating, and fluid inclusion recognizing work, and probably ground geophysical survey. TOCOTA LA GRINGA LA GRINGA LA GRINGA LA GRINGA

Maricunga type vein with high sulphidation

• verprinting

Maricunga type veins D - vein D - vein A - veins

September 2019