NOB:CC - Noble Completes Drill Program on the Kidd2/Carnegie Project Near Timmins Ontario
(TheNewswire)
Toronto, Ontario – February 6, 2024– Noble Mineral Exploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) ispleased to report that drilling has been completed on theKidd2/Carnegie Project. Five holes (1,692 meters) were drilled withhelicopter support on various targets near the Kidd Creek Mine.
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Noble Minerals, in a jointventure with 11530313 Canada Inc., completed the drill program withthe help of a $200,000 Ontario Junior Exploration Program (OJEP)grant.
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Research by Noble staff identified several targets forthe drill program.
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The Kidd2/Carnegie project is devoted to finding anextension of the Kidd Creek deposit.
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The program was a technical success because itidentified the geological horizon that hosts the Kidd Creekmineralization and encountered massive sulphides. Analyses of coresamples found that they were generally non-economic.
Kidd2/Carnegie Project
The Kidd2/Carnegie Project consists of a group ofpatented and staked mining claims located north and northwest of theKidd Creek Mine and 24 km north of Timmins, Ontario. The Kidd deposit,owned by Glencore, is one of the world's largest volcanogenic massivesulfide ore deposits that produces copper, zinc, and silver.
Exploration of this area in the past has been hinderedby small land packages owned by various companies. Over the years,Noble has been successful in assembling one of the largest landinventories in the vicinity of the Kidd Creek Mine
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Noble Minerals has completed strategic InducedPolarization surveys within 2 km of the Kidd Creek open pit on the FlyCreek Rhyolite. The target of the program was an anticlinal structurethat contained rhyolite intercalated with ultramafic rocks. It ispostulated that these rhyolites are the same age as the Kidd Creekmineralized rhyolites. Bleeker* (1999) proposed that faults that slicethrough the Kidd Creek deposit have displaced the northern limb of theKidd Creek Mine fold up to 2 km to the north and are interpreted to betime-stratigraphic equivalent. (See Figure 1).
In addition, the Fly Creek Rhyolite might be a faultedextension of the Chance Rhyolite, where several Texas Gulf drill holesintersected lead, zinc, and silver mineralization.
To the west, Noble has used Induced Polarization toinvestigate a property that lies 600 meters along strike from theChance mineralization. This stratigraphic horizon also runs throughthe Kidd Creek Mine.
Figure 1: Geological Map of the Kidd Creek Area showing the relationof Area and Kidd Creek Rhyolites
Figure 2: North Facing Geological Cross Section of the Kidd Creek mine(after Bleeker et al., 1999).
Figure 3: Comparable Section on Noble property (located at 5395650m Non Figure 4). The yellow Chert unit and the red Volcanogenic MassiveSulphide (VMS) unit are thinner than they appear on the section. Thegreen unit consists primarily of pillow and tuffaceous volcanic andgabbroic mafic rocks. The orange unit consists of felsic andintermediate tuffaceous and brecciated rocks. The purple units consistprimarily of ultramafic rock. Copper (Cu) and Zinc (Zn) labelsindicate areas where the drill
core contains more than 200 ppm of each metal over at least 1 m.
Figure 4: P lan showing the location of thechargeability anomaly and the drill holes. Yellow stars indicatemineralization encountered in previous drill programs.
Figure 5: Massive Sulphide section encountered in HoleCB-23-01.
Figure 6: Rhyolite Flow Breccia encountered in HoleCB-23-01.
Drill Program
The primary target of the drill program was an InducedPolarization chargeability anomaly located on the eastern half of theNoble Project Area “A” (see Figure 1) located about 2000 metersnorth of the Kidd Creek Mine. Figure 2 is an idealized cross-sectionthrough the Kidd Creek Mine, and Figure 3 is a section showing thelocation of the chargeability anomaly and the location of HoleCB-23-01 of the present drill program.
The near-surface geology of the Kidd Creek Mine isshown in the north-facing Geological Cross published by Bleeker, 1991(Figure 2). A massive peridotite unit occurs at the stratigraphic baseof the geological section (at the east end of the cross-section). Thisunit is overlain by a 250m thick rhyolite unit that contains varioustextures, including pyroclastic and breccia (Prior et al., 1999b;DeWolfe et al., 2018). The rhyolite unit is overlain by asphalerite-chalcopyrite massive sulfide body up to 100m thick (on thesection). The massive sulfide unit is overlain by graphite sediment,which is overlain by a silicified rock unit (bright yellow and labeledrhyolite) interpreted to be a chert unit (Figure 1). These sedimentaryrocks are overlain by mafic volcanic rocks (see Figure 1 – greenrock unit labeled as andesite on the west side of cross-section). Thelocation of the massive sulfide deposit at the contact between therhyolite and mafic rocks is consistent with the geological setting ofmany other volcanogenic massive sulfide (VMS) deposits.
The near-surface geology on Grid A (Figure 4) is shownin the north-facing Geological Cross constructed using the resultsfrom the Noble Minerals Induced Polarization survey (2021), XplorResources diamond drill hole log KC-16-04 and 3-D Borehole Pulse EMsurvey for hole KC-16-04, and Noble drill hole CB-23-01 (Figure 2). Amassive, altered peridotite unit occurs at the stratigraphic base ofthe geological section (at the East end of the cross-section). Thisunit is overlain by a 1m thick massive sulfide unit (Figure 5), whichis overlain by a 200m thick rhyolite unit that contains varioustextures, including pyroclastic and breccia (Figure 6). A 3 m thickrock unit overlies the rhyolite unit and is interpreted as avolcanogenic massive sulfide (VMS) body because it contains up to 20%pyrite plus pyrrhotite (from drill log KC-16-04). The presence of themassive sulfide body is supported by a 3-D Borehole Pulse EM surveyfor hole KC-16-04 completed by Xplor Resources (Crone, 2016) and zincvalues that average 206 ppm (between 621 to 624m) and copper valuesthat average 125 ppm (between 585 to 588m in ddh KC-16-04). Themassive sulfide unit is overlain by a silicified rock unit interpretedto be a chert (Figure 3). The chert unit was 30 m long in drill holeKC-16-04 and is overlain by mafic volcanic rocks (see Figure 3 –green rock unit labeled as mafic on the west side of cross-section).
The geological cross-section on Parcel “A” iscomparable to that in the Kidd Creek mine and is interpreted toindicate that the geology of Grid A is an on-strike extension of theKidd Creek deposit.
Analyses received for Holes CB-23-01 to CB-23-03 havemaximum values that are listed in the table below:
| Hole # |
| Copper |
| Zinc |
| Lead |
| Silver |
| (ppm) |
| (ppm) |
| (ppm) |
| (ppm) |
| CB-23-01 |
| 359 |
| 291 |
| 31 |
| 1.5 |
| CB-23-02 |
| 155 |
| 303 |
| 58 |
| 0.2 |
| CB-23-03 |
| 164 |
| 1380 |
| 19 |
| 0.2 |
Analyses for Holes CB-23-04 and CB-23-05 are stillpending.
The drill results will be assessed, along withadditional trace elements and stable isotope geochemical analysis, anddownhole EM geophysical testing, to try and identify additionalexploration targets that warrant drill testing.
Vance White, President and CEO of Noble, said, “Weare very pleased to complete this program with the support of the OJEPgrant and our partners 11530313 Canada Inc. The drilling has given usimportant technical information that will be invaluable in theplanning of future exploration programs here.”
*Bleeker, W., 1999. Structure, Stratigraphy, andPrimary Setting of the Kidd Creek Volcanogenic Massive SulfideDeposit: A Semiquantitative Reconstruction. Economic Geology Monograph10, p. 71-121
Michael Newbury PEng (ON), a "qualifiedperson" as defined by National Instrument 43-101, has verifiedthe data disclosed in this news release, and has otherwise reviewedand approved the technical information in this news release on behalfof Noble.
About Noble Mineral ExplorationInc.
Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company that, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd., Go MetalsCorp., and MacDonald Mines Exploration Ltd. It also has an interest inthe Holdsworth gold exploration property in the area of Wawa, Ontario.It continues 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 metalexploration targets at various stages of exploration. It also holds~14,600 hectares in the Nagagami Carbonatite Complex and ~4,600hectares in the Boulder Project near Hearst, Ontario. In addition,Noble has ~482 hectares in the Cere-Villebon Nickel, Copper, PGMproperty, ~3,700 hectares in the Buckingham Graphite Property, ~10,152hectares in a Havre St Pierre Nickel, Copper, PGM property, ~518hectares in the Laverlochere Nickel, Copper, PGM property, all ofthese are in the Province of Quebec. More detailed information can befound on the Company’s website at :
https://www.noblemineralexploration.com
Noble’s common shares trade on theTSX 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 preceding 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, risks,and 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 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: ir@noblemineralexploration.com
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