NLPXF - Exploration Update Noble Mobilizes Drill to Dargavel/Aubin Townships to Verify Historic Gold Values
(TheNewswire)
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Drill program designed to testhistorical targets drilled by Inco in the 1960’s and Chevron in the1980’s
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An Inco drill hole intersected: 9.25 g/t gold over 0.3m plus0.51 g/t gold over 10.7m and 1.24 g/t gold over 6.5m*
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A Chevron drill hole intersected 7.9g/t gold over 2.0m within 2.6 g/t gold over 7.9m*
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2020 Drill program by Nobleintersected 0.44 g/t gold over 38.5m however the hole ended inmineralization and will be extended*
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Additional drilling will testapproximately 5.5km of strike length including coincident magnetic andelectromagnetic anomalies thought to host the goldmineralization.
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The drill program is funded by the Ontario Junior ExplorationProgram sponsored by theOntario Government to fund up to $200,000 of the proposedprogram
* Historical records not 43-101 compliant, True widthsnot known at this time
Toronto, Ontario - TheNewswire – January 6 , 2021 – NobleMineral Exploration Inc. ( “Noble” or the “Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) today announces that mobilization of a drill and crew hasbegun on its Dargavel/Aubin property. The drill program is designedto test historic gold values intersected by Inco in the 1960’s(Aubin Twp) and Chevron in the 1980’s (Dargavel Twp). A minimum of2,000 meters is planned. The Dargavel/Aubin Property is owned 100% byNoble subject to a 50/50 Option /JV with a private investor and to a2% Net Smelter Royalty held by Franco Nevada.
Of the many targets available, two have been chosenthat appear to hold the highest potential.
Target 1 in Dargavel Township (Figure 1) is planned totest the area where past drilling by Chevron (1984) and Noble (2020)intersected the following values:
7.9 g/t gold over 2.0m within 2.6 g/tgold over 7.9m * (Chevron 85-4, Figure 2)
And follow-up drilling by Noble intersected:
0.44 g/t gold over 38.5m * (Noble DAR-20-06, Figure 2)
The Noble drill hole ended in mineralization and willbe extended in order to define the true extent of the mineralization.Additional drilling will be done to test geophysical anomalies alongstrike for approximately 5.5 km.
Target 2 will test a drill hole drilled by Inco(1960’s) that intersected:
9.25 g/t gold over 0.3m plus
0.51 g/t gold over 10.7m and
1.24 g/t gold over 6.5m * (Inco Hole 27089, Figure 2)
* Historicalresults not 43-101 compliant, True widths notknown at this time
Figure 1: Target Areas of Noble 2022Drill Program on Magnetic background. Dots are Conductive Zones
The current drill program will test a small proportionof targets identified by Noble. Figure 2 shows historic and Nobledrill holes that have shown indications of gold mineralization
Figure 1: Historical explorationdrill hole and Noble drill hole locations. Background isgeology
Vance White, President and CEO of Noble, said” We areexcited to continue the exploration on the Dargavel Township Property.Previous work carried out by Noble on the property detected goldmineralization in the five out of six holes drilled. What was notdefined by the last program was the strike length of the zone or thewidth of the zone. The present program of geophysics and diamonddrilling will help to define these unknowns.”
Michael Newbury P.Eng. (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 area of Wawa, Ontario, will continue tohold approximately 40,000 hectares of mineral rights in theTimmins-Cochrane areas of Northern Ontario known as Project 81 as wellas an additional ~11,000 hectares in the Timmins area and 44,000hectares of mining claims in Central Newfoundland. Project 81 hostsdiversified drill-ready gold, nickel-cobalt and base metal explorationtargets at various stages of exploration. It will also hold itsrecently acquired Nagagami Carbonatite Complex near Hearst Ontario aswell as the Buckingham Graphite Property, the Laverlochere Nickel,Copper, PGM property and the Cere-Villebon Nickel, Copper PGM propertyall of which are in the province of Quebec. More detailed informationis available on the website 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 not assumeany obligation to update or revise its forward-looking statements,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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