NLPXF - Exploration Update: Noble to Resume Drilling on the Dargavel-Aubin Township Gold Property near Cochrane Ontario Receives OJEP Grant from the Ontario Government
(TheNewswire)
- Previous diamond drilling by Noble foundgold mineralization over 7.5 kilometers of strike, open in bothdirections and in width. Potential target area 30 km long enclosing200 square kilometers
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- 2020 Drill intersections included; 2.84 g/tgold over 1.5 meters and 0.67 g/t over 18.0 meters. *
- Present work program includes a completed20 line kilometer Induced Polarization, Magnetic and VLF-EM survey and4,000 meters of additional diamond drilling to begin in January2022
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- Noble has received confirmation from the Ontario Junior ExplorationProgram sponsored by theOntario Government to fund up to $200,000 of the proposedprogram
* True widthsnot known at this time
Toronto, Ontario – TheNewswire - November 8, 2021 – Noble Mineral Exploration Inc. ( “Noble” or the“Company” ) (TSXV:NOB )( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce that due tofavourable results from the 2020 drill program in Dargavel Townshipand a comprehensive compilation of historical work in the region,additional drilling is recommended to further define goldmineralization in the area. Induced Polarization, Magnetic andVLF-EM surveys have been completed in the vicinity of the 2020drilling to help interpret previously detected mineralized zones andto assist in the locating new drill targets. A 4,000 meter drillprogram is expected to begin in January 2022 when snow conditions andfrozen ground will allow easier movement of the drill rig. TheDargavel Property is owned 100% by Noble subject to a 50/50 Option /JVwith a private investor and to a 2% Net Smelter Royalty held by FrancoNevada.
Previous drilling by Noble identified goldmineralization over a strike length of 7.5 kilometers, open in bothdirections. In addition, the true width of the zone has not beendetermined as evidenced by the fact that drill hole DAR-20-06 ended inmineralization after cutting more than 18 meters of gold mineralizedcore. Very little work has been done in the past in DargavelTownship due to the heavy overburden cover and the fact that the areawas not open for traditional staking due to the predominance ofpatented claims in the area. Compilation of all data in the area hasrevealed that the gold mineralization in the area appears to becontrolled by faulting and iron formation units in close proximity toa granodiorite intrusive contact. The granodiorite contact zoneforms a gold exploration target that is approximately 30 km inlength.
There is also evidence that the granodiorite itself maycontain significant gold mineralization. Rio Algom undertookdrilling in 1991 that resulted in:
Hole AU-91-22 that assayed 0.50 g/t Au over 3m corelength in granodiorite mineralized with chalcopyrite and pyrite.
Hole AU-91-19, drilled approximately 125m south ofAU-91-22, assayed 0.34 g/t Au over 1.7m core length in granodiorite.
A 2011 airborne survey flown by Noble has detectednumerous magnetic and conductive zones in the interior of thegranodiorite that to date have not been tested by diamonddrilling.
The granodiorite contact area and the interior of thegranodiorite creates a potential target area of about 200 squarekilometers.
In addition to gold values, the drilling also assayed1.51 g/t combined platinum and palladium over 1.5 meters core lengthassociated with gold mineralization in Hole DAR-20-05. Past work inthe township has also detected nickel, cobalt and platinum group plusvolcanogenic massive sulphide mineralization.
The Ontario Government has given Noble a ‘vote ofconfidence’ in the Dargavel Project by granting a $200,000 grant tocarry out work on the project under the OntarioJunior Exploration Program. The program was created to stimulateexploration in the junior mining sector in the Province of Ontario. The grant will match an equal expenditure by Noble on the propertyand will be paid upon completion of the proposed program.
Recent compilation work completed by Noble has foundthe following areas of interest in Dargavel and Aubin Townships (SeeFigure 1). (Note these results are historical)
Hudbay K-81-4 (1981): Hole K-81-4 intersected graphiticschist that assayed 0.93 g/tAu over 1.3m . The hole shows also some anomalousvalues in Zn
Chevron 85-3 (1985): Hole K85-3 intersected massivesulphides with garnet and chlorite assayed up to 0.81 g/t Au over 4m
INCO 25013 (1964): Hole 25013 intersected a fragmentalrhyolite with sulphide stringers and quartz veining which gave assaysof 0.56 to 3.05 g/t Au and2.86 g/t Pt . An iron formation with quartzveining and sulphides assayed 0.56 g/t Au over 1.8m
INCO 25016 (1964): Hole 25016 intersected a fragmentalrhyolite which assayed 0.44g/t Au over 0.61m
Chevron 85-10 (1985): Hole K85-10 intersected a maficmetavolcanic rock which assayed for 0.47 g/t Au over 0.5m
Chevron 85-4 (1985): Hole K85-4 intersected a biotiterich quartz porphyry ( 2.5m at0.56 g/t Au) , a quartz-feldspar porphyry (0.37 g/t Au over2m) , an amphibolitic gneiss (1.75m, assays up to 1.55 g/tAu) , and a chlorite schist (3m, assays up to 0.68 g/t Au)
Chevron 85-9 (1985): Hole K85-9 intersected a maficmetavolcanic unit with a progressive transition of chlorite tobiotite, resting on a quartz vein, which assayed 1.18 and 1.37 g/t Au over 1m
Chevron 85-7 (1985): Hole K85-7 intersected sedimentsand quartz porphyries, which returned assays from 0.31 to 2.05 g/t Au
Chevron 84-1 (1984): Sample at 94.8m in metasediments,mineralized with pyrite and chalcopyrite, assayed 0.96 g/t Au . Sampleat 136.1m in qtz-greywacke, assayed 2.95 g/t Au . Thissample was adjacent to the contact with sheared, silicified,seriticized, carbonatized porphyry.
Chevron 84-4 (1984): Best assay obtained was 1.74 g/t Au at 209.3m, from a tuffaceous wacke mineralized with 10-15%pyrite, trace chalcopyrite and cut with qtz-chlorite veining.Additional assay results (Au): 0.65 g/t at 121m; 0.84 g/t at 123.7m; 0.72g/t at 130m; 0.84 g/t at 141m; 1.12 g/t at 196m .
Rio Algom NE-90-10 (1990): Assay results: 0.69 g/t Au and 0.23% Cu over1.9m at 147.8m, in iron formation mineralizedwith magnetite, pyrite and chalcopyrite
Rio Algom AU-91-22 (1991): Sample from hole AU-91-22assayed 0.50 g/t Au over3m in granodiorite mineralized with chalcopyriteand pyrite. Hole AU-91-19, drilled approximately 125m south ofAU-91-22, returned 0.34 g/t Auover 1.7m in granodiorite .
Rio Algom NE-91-14 (1991): Assay results: 0.98 g/t Au over 1.5m at 107.8m at contact between mafic and ultramafic metavolcanicmineralized with pyrite, trace chalcopyrite and qtz-chlorite-feldsparveining with 15% py at contact; 1.36 g/t Au over 1.10m at 110.8m in alteredultramafic rocks
Inco 27089 (1966): Assays returned 8.40 g/t over 0.30m ,from a sheared, carbonated, siliceous zone betweenmeta-dacite/andesite and 0.46g/t Au over 10.70m in meta-rhyodacite plus 1.13 g/t Au over 6.46m.
Figure 1: Historical explorationdrill hole and Noble drill hole locations.
A summary of the significant results from the Noble2020 drill program are detailed in Table 1 with the hole locations inFigure 1 and 2.
Table 1: Significant GoldIntersections from the 2020 Drill Program*
* True widthsnot known at this time
Figure 1: Map Showing 2020 NobleDrill Holes with Significant Drill Intersections*
* True widthsnot known at this time
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, holds approximately72,000 hectares of mineral rights in the Timmins-Cochrane areas ofNorthern Ontario 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 also owns the Buckingham Graphite Property,the Laverlochere Nickel, Copper, PGM propertyand the Cere-Villebon Nickel, Copper PGM property all of which are inthe province of 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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