NOB:CC - Noble Mineral Exploration: Exploration Update - Drilling Commences on Nagagami Niobium and Rare Earth Property Hearst Ontario
(TheNewswire)
Toronto, Ontario – TheNewswire - September 20, 2022 – Noble Mineral ExplorationInc. ( “Noble” or the “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased toreport on progress for a number of its active projects.
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Drill crews are in the process of mobilizing to theNagagami Niobium and Rare Earth Property;
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Calder Township drill program has been completed with atotal of 2 holes for a total of 865 meters;
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Airborne survey over the Boulder project will beginbefore the end of September;
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A helicopter airbornemagnetic-electromagnetic survey, expected to be completed in October2022 on the Island Pond Property, Newfoundland.
Nagagami Carbonatite Niobium and RareEarths Project, Ontario (14,000 hectares)
Noble has entered into an Exploration Agreement withthe Constance Lake First Nation (“CLFN)”) in relation toexploration and potential development at the Company’s NagagamiProject near Hearst, Ontario. The Agreement establishes a commitmentby Noble to provide accommodation, to engage in ongoing consultationand establish a mutually beneficial cooperative and productiverelationship with the CLFN for projects located in their traditionalarea. An Early Exploration Permit has been received from theProvince and helicopter supported drilling is in the process ofmobilizing.
Algoma Ore Properties performed the original airborne magnetic surveyin the area that identified the complex. Limited drilling was aimed atthe magnetic ring structure in search of iron deposits. Despitedrilling in the wrong geology for niobium and rare earth metals, oneof the Algoma drillholes returned 0.3% Nb205 from a grab sample ofsyenite taken at 230 feet downhole.
The program will consist of three diamond drill holesfor a total of 2,000 meters. Additional drilling will be plannedwith favourable results.
Calder Township Drill Program
The Calder Township drill program has been completed. The targeted conductors were explained by semi massive to massivesulphides in intermediate to mafic volcanic rocks. Two holes weredrilled for a total of 865 meters. Assays are pending and expectedin October 2022.
Boulder Project Airborne Survey(4,500 hectares)
The airborne survey on the Boulder Project is expectedto be done before the end of September. In 2019 Ontario GeologicalSurvey analyzed a sample from the 140 kg boulder and determined thatthe boulder contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/T ofsilver, 3.79 g/T of gold; 4.43 g/T of palladium; and 2.22 g/T ofplatinum and consisted primarily of the mineral cuprite. TheAirborne survey will be done to detect conductive and magnetic zonesthat could be the potential source of the boulder.
Island Pond Property, CentralNewfoundland (14,400 ha)
Work will include an airbornemagnetic-electromagnetic survey, expected to be completed in October2022.
Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument 43-101.
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 itsrecently acquired ~14,600 hectares in the Nagagami Carbonatite Complexnear Hearst, Ontario, as well as ~3,700 hectares in the BuckinghamGraphite Property, ~518 hectares in the Laverlochere Nickel, Copper,PGNM property and ~482 hectares in the Cere-Villebon Nickel, Copper,PGM property, all of which are in the province of Quebec. Moredetailed information is available on the 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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