Sabre Resources Limited announced AC drilling completed and deeper RC drilling planned. Assay results for the shallow Aircore Drilling program at the Bonanza Gold Project have been received. The shallow drilling has not resolved the cause of the linear magnetic features, interpreted to be faults, and deeper RC drilling will be carried out. The best result obtained from the Aircore drilling was 4m at 1.27g/t Ag in hole BZAC0016. The Aircore drilling was conducted on a very widely spaced 400m by 100m grid to test for supergene gold mineralization within the near surface regolith profile indicative of mineralization in fresh bedrock. The drill hole depth averaged 30m with holes intersecting oxidised clays and penetrating to partially weathered bedrock. There are indications of faulting in the form of variations in the basement lithologies, stringer quartz veins and pegmatite intrusions in the Aircore drilling. The pegmatite rocks appear to have been intruded along some of the interpreted structures that represent lines of weakness in the bedrock. Lithium bearing pegmatites are recorded in the Penny West area, so selected samples of the pegmatite have been resubmitted for analysis for the lithium suite of elements. The Aircore drill targets that were selected for the November 2020 Aircore drilling program were based on an interpretation of the detailed airborne magnetic survey completed in August 2020. Northeast and northwest trending linear magnetic lows were interpreted to be fault splays from the Youanmi Shear that hosts gold mineralization at Ramelius Resources Penny West Gold Mine ~800m to the east. Intersections from Penny North include: 6m @ 47.4g/t Au from 150m in SPWRC027, 4m @ 105g/t Au from 151m in SPWRC0221. Sabre now intends to commence a Reverse Circulation (RC) drilling program to test the interpreted faults at greater depth with closer spaced holes. A RC drilling contractor has been secured and drilling is scheduled for February. The program will comprise holes of at least 100m in depth with 6 holes planned initially with potential to expand the number and depth of holes based on results as drilling progresses. Traverses of RC holes will be drilled across the priority structures identified from the aeromagnetic data and the Aircore drilling. A senior geologist will be on site to log the holes as they are drilled to identify any indication of alteration or mineralization in the form of quartz veins, shearing and pyrite. Additional deeper holes of up to 250-300m will be drilled as a follow up if any visual indications of mineralization are intersected.