NOB:CC - Exploration Update -- Work Programs in Progress on Projects in Ontario and Quebec
(TheNewswire)
Toronto, Ontario – TheNewswire – February 22, 2023 – Noble MineralExploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased toreport on progress for a number of it’s active projects.
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Drill program commenced on Cere Villebon Property inQuebec;
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IP Survey near completion on Kidd/Carnegie project inadvance of proposed drill program
Cere Villebon Property, Quebec
A 2,500 meter drill program has commenced on theCompany’s Cere Villebon property which consists of 15 claims (483hectares). The property is road and power accessible, located only 4kilometers east of Highway 117, the highway that connects Montreal toVal d’Or.
The Cere Villebon property consists of pyrrhotite andchalcopyrite mineralization in fracture fillings hosted by ultramaficrocks in the metamorphic halo of the Freville Batholith. The copper,nickel and platinum group mineralization is located in two zones, theNorth and the South Zone.
Drilling and resource estimates done by the Groupe LaFosse Platinum Inc., in 1987, evaluated a historical resource of421,840 tonnes grading 0.52% copper, 0.72 % nickel and 1.08 g/tcombined platinum-palladium (Groupe La Fosse Platinum Inc., 1987Annual Report). This estimate is historical in nature, non-compliantwith the standards under NI 43-101- Standards of Disclosure for MineralProjects , and therefore should not be reliedupon. A Qualified Person has not done sufficient work to classify thehistorical estimate as current mineral resources, and the Company isnot treating this historical estimate as current mineral resources. These estimates should only be considered as an indication of themineral potential of this property.
Diamond Drill Hole FV-87-1 drilled by LaFosse Platinumin 1987 into the North Zone intersected 27.38* meters of 0.70% nickel, 0.68%copper, 0.23 g/t platinum, 0.64 g/t palladium and 0.08 g/t goldincluding 7.65* meters of 0.94% nickel, 1.02% copper . (* Exact width not known at this time). As reported inthe December 10, 2009 NI 43-101 Report prepared for St-GeorgesMinerals Inc and Lightwave Corp by Jean Sebastien Lavallee B.Sc.,P.Geo. and Marc-Andre Cloutier, M. Sc. A., Geol. Eng.
Figure 9: Cere Villebon North Zone showing location ofDDH FV-87-1.
Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument 43-101.
Kidd Creek Project
Line cutting has been completed on the Kidd Creekproject with the IP survey near completion on 4 primary targets inCarnegie Twp in advance of a proposed 2000 meter drill program.
The Kidd Creek Project consists of a group of patentsand claims including 50% held with 11530313 Canada Inc acquired fromExplor Resources Inc in the vicinity of the Kidd Creek Mine, 24 kmnorth of Timmins Ontario. The Kidd deposit is one of thelargest volcanogenic massive sulfide ore deposits in theworld, and one of the world’s largest base metal deposits and lieswithin the Abitibi greenstone belt and is presently owned byGlencore.
Exploration of this area in the past was hindered by so many companieswith small land packages. Over the years, Noble has been successfulin assembling one of the largest land inventories in the vicinity ofthe Kidd Creek Mine.
Noble Minerals is finishing up strategic Induced Polarization surveyswithin 2 km of the Kidd Creek open pit on the Fly Creek Rhyolite. The target of the program is rhyolite intercalated with ultramaficrocks on an anticlinal structure. It is postulated that theserhyolites are the same age as the Kidd Creek mineralized rhyolites. Bleeker (1999)* proposed that faults that slice through the KiddCreek mine fold have displaced the northern limb of the Kidd CreekMine fold up to 2 km to the north and are interpreted to betime-stratigraphic equivalent. (See Figures 1 and 2).
In addition, the Fly Creek Rhyolite may be the faulted extension ofthe Chance Rhyolite where Texas Gulf previously intersected severaldrill holes containing lead, zinc and silver mineralization.
To the west Noble will be investigating, a property with InducedPolarization that lies within 600 meters and on the same stratigraphichorizon as the Chance mineralization and the Kidd Creek Mine.
* Bleeker, W., 1999. Structure, Stratigraphy, and Primary Setting ofthe Kidd Creek Volcanogenic Massive Sulfide Deposit: ASemiquantitative Reconstruction. Economic Geology Monograph 10, p.71-121
Figure 1: Exploration Model for the Kidd Creek Mine. Adapted from Morgan, L.A., and Schulz, K.J., (2012)*
* Morgan, L.A., and Schulz, K.J.,2012, Physical volcanology of volcanogenic massive sulfide deposits involcanogenic
massive sulfide occurrence model: U.S. Geological Survey ScientificInvestigations Report 2010–5070 –C, chap. 6, 8 p
Figure 2: Geological Map of the Kidd Creek Area showing Relation ofArea Rhyolites to the Kidd Creek Rhyolite
Michael Newbury PEng (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., Go MetalsCorp. and MacDonald Mines Exploration Ltd., and its interest in theHoldsworth gold exploration property in the area of Wawa, Ontario,will continue to hold ~25,000 hectares of mineral rights in theTimmins-Cochrane areas of Northern Ontario known as Project 81, aswell as an additional ~11,000 hectares in the Timmins area and ~14,400hectares 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 its~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600hectares in the Boulder Project both near Hearst, Ontario, as well as~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectaresin the Havre St Pierre Nickel, Copper, PGM property, ~518 hectaresin the Laverlochere Nickel, Copper, PGM property and ~482 hectares inthe Cere-Villebon Nickel, Copper, PGM property, all of which are inthe province of Quebec. More detailed information is available onthe 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 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: ir@noblemineralexploration.com
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