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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Ruben Padilla, President & CEO,

SABLE RESOURCES

"Latin America is an area where we would gladly acquire more projects, particularly in San Juan as well as in northern Mexico, considering our experience there."

Can you provide an update on your operations in Argentina and Mexico?

We have large prospective land packages along the Central Mexico Silver Mineral Belt and on the extensions of the Maricunga and El Indio belts in San Juan, Argentina. Three projects in Argentina are seeing drilling this season, while we continue target generation work at the rest of our properties in Argentina and Mexico.

Sable is planning to drill around 25,000 m in three different projects during the South American field season. Field work reinitiated in September 2021 with trenching and mapping work at the Los Pumas Project, a new project found by Sable’s exploration team within the regional properties, located 21 km south of Don Julio. Last May, Sable completed a first drilling campaign at its flagship El Fierro project, which included 25 drill holes and 3,278 m. El Fierro project is located in one of the best known old high-grade vein mining districts in San Juan and has not been ex-plored in modern times. High-grade intercepts reported in our first drill phase are a good first step in an area where mapping has defined a footprint of 8.6 by 6.5 km with approximately 14.5 km of veins.

Sable has started drilling activities at two of its other projects in the pro-mining province of San Juan – the Don Julio and La Poncha projects, which both have multiple Au-Cu porphyry targets defined. Final drill locations were completed in the months of November and December 2021, and drilling commenced in early 2022.

How far can your balance sheet currently take your operations?

At the end of the last quarter, Sable had C$28 million in cash and investments. We are fully financing the work at both El Fierro and La Poncha and our joint venture partner South32, one of the largest base metal companies in the world, is financing the Don Julio and Los Pumas projects. After we have completed exploration and drilling over the next 12 months, we should still have over C$14 million to continue more advanced exploration work.

How does your relationship with local communities compare from Mexico to Argentina?

In both countries we interact with local communities, municipalities, environmental authorities and land owners, which could be private parties or community associations in the case of Mex-ico. We comply with all legal requirements and maintain good communication with the envi-ronmental and mining authorities. We conduct community baseline studies to gain a good un-derstanding of the local communities, create communication channels, and identify areas of mutual collaboration. So far, we have not had any problems in Mexico or in San Juan as both of these areas have a long history of mining and good acceptance of mineral exploration work.

Since you are listed on the TSX-V and the OTCQB, how do both compare?

As a Canadian based company, we have higher volume in Canada. The OTCQB gives us access to the US retail market providing for additional liquidity for shareholders. In 2022 we will spend more time marketing in the US to increase our exposure to US investors but note that most institutional shareholders, like one of our major shareholders Franklin Templeton, use Canadian brokers.

What types of projects are you looking for to acquire?

We look at projects with a geological potential to lead to a discovery that will capture the at-tention of large and mid-tier companies. The size, grade and jurisdiction of new discoveries are the real generators of value for shareholders. We like to put our efforts in projects with a po-tential of over 2 million ounces of gold or 120 million ounces of silver since the same effort is required to explore large or small deposits, so the geological potential makes or breaks a pro-ject. In terms of jurisdictions, Latin America is an area where we would gladly acquire more projects, particularly in San Juan as well as in northern Mexico, considering our experience there. Peru is also a country of interest. We are well funded with multiple high-quality targets and we hope that one of our various drilling campaigns will lead to a discovery of a deposit that fits with our minimum size and quality criteria.

Next:

Section 5: Junior Exploration