NOB:CC - Noble Mineral: Exploration Update - Geophysical Crews Mobilized to Kidd Creek Project Timmins Ontario
(TheNewswire)
Toronto, Ontario – TheNewswire - November 28, 2022 – Noble MineralExploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased toreport on progress on a number of its active projects.
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Line-cutting and Induced Polarization, Magnetometer andVLF-EM Surveys have commenced on the 50% held Kidd CreekProject
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Final results expected shortly for drill core samplesfrom the Nagagami Niobium and Rare Earth Property
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Final Calder drill project analyses received.
Kidd Creek Project
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 isone of the largest volcanogenic massive sulfide oredeposits in the world, and one of theworld’s largest base metal deposits and lies within the Abitibi greenstone belt and is presently owned by Glencore.
Exploration of this area in the past was hindered by somany companies with small land packages. Over the years, Noble hasbeen successful in assembling one of the largest land inventories inthe vicinity of the Kidd Creek Mine.
Noble Minerals plans to conduct strategic InducedPolarization surveys within 2 km of the Kidd Creek open pit on the FlyCreek Rhyolite. The target of the program is rhyolite intercalatedwith ultramafic rocks on an anticlinal structure. It is postulatedthat these rhyolites are the same age as the Kidd Creek mineralizedrhyolites. Bleeker (1999)* proposed that faults that slice through theKidd Creek mine fold have displaced the northern limb of the KiddCreek Mine 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 faultedextension of the Chance Rhyolite where Texas Gulf previouslyintersected several drill holes containing lead, zinc and silvermineralization. (See Figure 3).
To the west Noble will be investigating, a propertywith Induced Polarization that lies within 600 meters and on the samestratigraphic horizon as the Chance mineralization and the Kidd CreekMine. (See Figure 4)
* Bleeker, W., 1999. Structure, Stratigraphy, andPrimary Setting of the Kidd Creek Volcanogenic Massive SulfideDeposit: A Semiquantitative Reconstruction. Economic Geology Monograph10, 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
Figure 3: Example Section through the Chance mineralization
Table 1: Values reproduced from the section above.
| From (ft) |
| To (ft) |
| Length (ft) |
| Zinc (%) |
| Lead (%) |
| Silver (%) |
| 589.2 |
| 592.2 |
| 3.0 |
| 2.48 |
| 0.32 |
| 592.2 |
| 595.8 |
| 3.6 |
| 1.16 |
| 0.2 |
| 595.8 |
| 600.2 |
| 4.4 |
| 20.8 |
| 3.2 |
| 0.44 |
| 600.2 |
| 606.2 |
| 6.0 |
| 4.28 |
| 0.88 |
| 0.16 |
| 606.2 |
| 619.8 |
| 13.6 |
| Barren Graphite |
| 619.8 |
| 625.8 |
| 6.0 |
| 9.62 |
| 7.8 |
Figure 4: Proximity of the Noble Property to the Chance Mineralization
Calder Township Drill Program
The Calder Township drill program has been completed.The targeted conductors were explained by semi massive to massivesulphide in intermediate to mafic volcanic rocks. Two holes weredrilled for a total of 865 meters. Best values on 1m split coresamples were; Au 21 ppb, Pd 25 ppb, Pt 23 ppb, Ag 11.8 ppm, Cu 545ppm, Pb 1260 ppm, Zn 7170 ppm.
No further work is recommended at this time.
Nagagami Carbonatite Niobium and RareEarths Project, Ontario (14,000 hectares)
Drilling has been completed on the Company’s NagagamiProject near Hearst, Ontario. A total of 1302 meters were drilled intwo holes. The target of the drilling was a magnetic low on theNagagami Carbonatite Complex where on comparable complexes, niobiumand rare earth mineralization has been discovered and mined. Anexample of this is the St Honore, (Niobec) Carbonatite Complex inQuebec.
The core has been logged, sampled and submitted to thelab. A total of 195 samples were split and submitted to the lab. Finalresults are expected by the end of November or early December
Additional drilling is planned with favourableresults.
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 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 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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