NOB:CC - Noble Acquires Option Properties
(TheNewswire)
Toronto, Ontario – July 31, 2023– Noble Mineral Exploration Inc. ( “Noble” orthe “Company” ) (TSX V: NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased to announce that it has acquired atotal of 44 mining claims (the “Claims”) inMann, Duff, and Reaume Townships, covering an area totalingapproximately ~904 hectares. The Claims were acquired after payment,exploration expenditure commitments and other conditions weresatisfied in accordance with two option agreements entered into byNoble in 2021. Under both transactions, each optionor or group ofoptionors have retained a 2% NSR subject to Noble’s right to buybackhalf of the NSR for $1,000,000 per property during the first fouryears after the date of each royalty agreement. In addition, Noble ison track of acquiring a third optioned property totaling 229 miningclaims in Mann, Duff and Hanna Townships, covering an area totalingapproximately 4,932 hectares. For further details regarding theoriginal transactions on the Claims and the third optioned property(collectively, the “Properties”), please refer to the news releaseissued by Noble on August 11, 2021.
The Properties are a portion of the 625 mining claims(the “Optioned Claims”) of an option and joint venture agreementbetween Noble and Canada Nickel Company Inc. (“Canada Nickel”)whereby Canada Nickel has the right to acquire an up to 80% interestin the Optioned Claims subject to satisfying certain conditions. Forfurther details regarding the option and joint venture agreementbetween Noble and Canada Nickel, please refer to the news releaseissued by Noble on February 24, 2022.
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 asits ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property,its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152hectares in the Havre St Pierre Nickel, Copper, PGM property, its~518 hectares in the Laverlochere Nickel, Copper, PGM property, all ofwhich are in the Province of Quebec. More detailed information isavailable on the website at: https://www.noblemineralexploration.com
Noble’s common shares trade onthe TSX Venture Exchange 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 anduncertainties, and actual results may differ materially from theCompany’s plans and expectations. These plans, expectations, risksand uncertainties are detailed 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 assume 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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