NLPXF - Exploration Update: Noble Acquires Additional Claims in the Vicinity of the Buckingham Graphite Property Quebec
(TheNewswire)
Historical Exploration hasidentified:
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- A 1 km long, airborne,electromagnetic anomaly indicating potential graphitemineralization
- Channel samples yielding 21.6% Cg(total carbon in graphite form) over 14.5* meters and grab samples of36% and 68% Cg
- Drill intersections with up to17.9% Cg over 7* meters and 17.7% over 8* meters
- Bulk sample testing with head grade of 20.7% Cg that yieldedan overall combined flotation concentrate purity of 94.8% with 32% ofthe flakes classified as large (+65 mesh) to jumbo (+28 mesh)
* True width not known at this time
Toronto, Ontario - TheNewswire – Ju ly 8 , 2021 – Noble MineralExploration Inc. ( “Noble” or the“Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce thatit has acquired additional claims in thevicinity of the Buckingham Graphite Property which is located in theOutaouais area of the Grenville Subprovince of Quebec (See Noble PressRelease dated June 21, 2021). The addition of the 2 map-stakedclaims brings the Buckingham Property total to 32 claims (1,923hectares).
The additional 2 claims cover the Buck GraphiteOccurrence that has been explored as recently as 2016. In 2013, ahigh-resolution heliborne magnetic (MAG) and time domain electromagnetic (TDEM) survey covered the areasurrounding and the newly acquired claims. Oneanomaly outlined a 1-kilometer-long conductor(identified as NNE Conductor in Figure 1) historically known to hostgraphite mineralization.
A trenching program was initiated in 2014 based on theairborne survey results and limited ground geophysics. Trench T1measured approximately 48 meters in length and 2.5 meters in width.Twenty-five channel samples were collected from the stripped area. All samples returned graphite mineralized intersections with a bestresult of 8.2% Cg (total carbon in graphite form) over 4.75* meters,including 12.1% Cg over 1* meter and 12.5% Cg over 3.5* meters.(Figure 1). Trench 22C was excavated about 75 m NE of Trench T1. Thirty-nine channel samples were collected of which 35 returned Cgcontents above 8%. One section yielded 21.6% Cg over 14.5* meters and16.8% Cg over 3.9* meters (Figure 1). (*-True widths not known atthis time.)
Figure 1: Location of NNE Conductorand Surface Trenches. Pink to purple shading identifies areas ofairborne conductivity. Adapted from Robillard (2017): TechnicalReport on the Buckingham Graphite Project, Buckingham Township,Quebec, Canada
In 2015, a 20 kilogram bulk sample was taken fromTrench 22C and subjected to initial flotation testing for graphite.These tests were carried out by SGS Canada Inc. of Lakefield, Ontario. The bulk sample was submitted to a simple flotation test, withoutprocess optimization or chemical treatment, such as addition of acidleach or alkaline roast. The sample head grade was 20.7% Cg andreturned an overall combined flotation concentrate purity of 94.8%. The results of the testing indicated 32% of the flakes were large(+65 mesh) to jumbo (+28 mesh) in size and the purity obtained inthese large fractions ranged from 94.8 to 96.1%.
Three phases of diamond drilling were completed on theproperty from November 2015 to December 2016 for a total of 3,782meters (Figure 2). Results of the respective drill programs can beviewed in Tables 1 and 2. A photograph of semi-massive graphitemineralization can be seen in Figure 3.
Figure 2: Location of Diamond DrillHoles on the Buckingham Property. All holes are located on the NobleMinerals Property except for BH16-6, 7, 9 and 12. Adapted fromRobillard (2017).
Table 1: Significant drill holeintersections from the historical 2015 Diamond Drilling Program
Table 2: Significant Diamond Drillintersections from the historical 2016 Drilling Program (Please notethat drill holes BH16-6, 7, 9 and 12 are not located on the NobleMinerals Property)
Figure 3: Semi-massive graphitemineralization from Hole BH16-4 drilled on the Noble Minerals Property(Adapted from Robillard, 2017)
Noble is planning future exploration that willinclude:
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1) Re-processing of airbornedata from the 2013 survey
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2) Examination of the propertyto properly locate the trenches, grab samples and drill holecollars
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3) Beep Mat survey to locatepreviously unidentified graphite mineralization
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4) Additional diamond drillingdepending on the results of the above work.
The consideration for the acquisition are reimbursementof the costs of staking and reserving to the vendor a 2% NSR that willbe subject to Noble’s right to buyback 50% of the NSR for$1,000,000.
The Transactions are subject to approval of the Boardof Directors of each party where applicable, as well as to TSX VentureExchange approval and to compliance with securities and other laws andregulations.
Vance White, President and CEO of Noble, said ”In aneffort to continue to seek projects of merit we are very pleased tohave been able to pick up these additional Buckingham graphite claimsshowing excellent grades and recoveries. A work program is beingprepared in order to follow up.”
Michael Newbury PEng (ON), a "qualifiedperson" as such term is defined by National Instrument 43-101,has verified the data disclosed in this news release, and hasotherwise reviewed and approved the technical information in this newsrelease on behalf of Noble.
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 Wawa, Ontario area, holds approximately72,000 hectares of mineral rights in the Timmins-Cochrane areas ofNorthern Ontario known as Project 81. Project 81 hosts diversifieddrill-ready gold, nickel-cobalt and base metal exploration/VMS targetsat various stages of exploration. Additional Projects are beingacquired including the Buckingham Graphite, project, the Cere-VillebonNi/Co/Pgm Project and the Laverlochere Ni/Cu/Co/Au/Pgm project all ofwhich are in Quebec. More detailed information is available on thewebsite at www.noblemineralexploration.com .
Noble’s common shares trade on the TSX VentureExchange under the symbol “NOB”.
Cautionary Statement:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. No stock exchange, securities commission or otherregulatory authority has approved or disapproved the informationcontained 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 its forward-lookingstatements, whether as a result of new information, future events orotherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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