NOB:CC - Exploration Update - Drilling Commences on Calder-Lennox Property
(TheNewswire)
Toronto, Ontario – TheNewswire - July 20, 2022 – Noble Mineral ExplorationInc. ( “Noble” or the “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased toreport on progress for a number of its active projects.
Calder-Lennox Twp, Ontario (4,800ha)
A three hole, 1500m drill program has been mobilized onthe company’s Calder-Lennox Property. Target of the drilling is a3.5 km conductive zone that does not appear to have been tested in thepast. Drilling is expected to continue into August with resultsexpected early October. (see Figure 1)
Figure 1: Conductive Zone (round dots) on magneticbackground.
Buckingham Graphite Project, Quebec(3,700 ha)
Crews have completed Phase 1 of the planned surfaceexploration program. Work included visual prospecting as well as asurficial conductivity survey (Beep Mat). New graphitemineralization has been located and samples taken. Results of sampleanalyses are expected early September.
Nagagami Carbonatite Niobium and RareEarths Project, Ontario (14,000 ha)
Consultations are progressing with the Constance LakeFirst Nation (CLFN) and it is anticipated that Noble and CLFN willenter into an Exploration Agreement in the near future. An EarlyExploration Permit has been received from the Province and helicoptersupported drilling is expected to begin in September.
The Cousineau Boulder Project,Ontario (4,500 ha)
A helicopter airborne magnetic-electromagnetic survey,expected to be completed in July/August.
Island Pond Property, CentralNewfoundland (14,400 ha)
Work will include a helicopterairborne magnetic-electromagnetic survey, expected to be completed inAugust/September
Cere Villebon, Quebec (483 ha)
A visit was made to the Cere Villebon in June. Historic drill holes were located. Historic mineralization did notappear to come to surface therefore no trenches or mineralizedoutcrops were located.
Laverlochere, Quebec (518 ha)
The Laverlochere property was also visited andreported, historical mineralization was sampled. Samples have beensubmitted to the lab with results expected in early September
Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument 43-101.
Wayne Holmstead PGeo (ON), a “qualified person” assuch term is defined by National Instrument 43-101, has reviewed thedata disclosed in this news release, and has otherwise reviewed andapproved the technical information in this news release on behalf ofNoble.
About Noble Mineral ExplorationInc.:
Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company which, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonaldMines Exploration Ltd., and its interest in the Holdsworth goldexploration property in the area of Wawa, Ontario, will continue tohold mineral rights to ~ 36,400 hectares, in theTimmins-Cochrane area of Northern Ontario, included in which Noble hasacquired a 50% interest in 7 patents and 310 tenure identified miningclaims totalling ~6,600ha in Carnegie, Kidd, Wark and ProsserTownships and an option on 4,800ha in Calder Twp. known as Project 81, as well as an additional ~11,000hectares in the Timmins area Project 81 hosts diversified drill-readygold, nickel-cobalt and base metal exploration targets at variousstages of exploration. It will also hold its recently acquired~14,600 hectares in the Nagagami Carbonatite Complex near Hearst,Ontario and ~14,400 hectares of mining claims in Central Newfoundland.In addition, it holds mineral rights to ~3,700 hectares in theBuckingham Graphite Property, ~518 hectares in the LaverlochereNickel, Copper, PGNM property and ~482 hectares in the Cere-VillebonNickel, Copper, PGM property, all of which are in the province ofQuebec. More detailed information is available on the website at www.noblemineralexploration.com .
Noble’s common shares trade on the TSX VentureExchange under the symbol “NOB.”
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. No stock exchange,securities commission or other regulatory authority has approved ordisapproved the information contained herein.
The foregoing information may contain forward-lookingstatements relating to the future performance of Noble MineralExploration Inc. Forward-looking statements, specifically thoseconcerning future performance, are subject to certain risks and uncertainties, andactual results may differ materially from the Company’s plans andexpectations. These plans, expectations, risks and uncertainties aredetailed herein and from time to time in thefilings made by the Company with the TSX Venture Exchange andsecurities regulators. Noble Mineral Exploration Inc. does notassume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events or otherwise .
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations: ir@noblemineralexploration.com
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