NOB:CC - Noble Mineral Mobilizes a Diamond Drill to the Kidd2/Carnegie Project Near Timmins Ontario
(TheNewswire)
Toronto, Ontario – November 20,2023 – Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report thatmobilization has begun in preparation for a November 27 th start of a2,000 meter drill program on the Kidd2/Carnegie Project near Timmins,Ontario. As a result of the mild Fall and continuing wet conditions,it was decided to use helicopter support in placing and moving thedrill. As freeze-up progresses the program will shift to a groundsupported program from a helicopter supported drill program. This movewill save money and allow for more meters of drilling to becompleted.
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Noble Minerals in a joint venture with 11530313 CanadaInc. plans to spend $450,000 (approximately 2,000 meters of drilling)on the current drill program on the Kidd2/Carnegie Project locatedapproximately 2 kilometers north of the prolific Kidd Creek Mine.
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Research by the Noble staff and a recent geophysicalsurvey (including Induced Polarization) has identified a chargeability anomaly as a primarydrill target on Noble held ground.
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The Kidd2/Carnegie project is devoted to finding theextension of the Kidd Creek mineralization.
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Up to $200,000 in grant money has been committed by theOntario Junior Exploration Program.
Kidd2/Carnegie Project
The Kidd2/Carnegie Project consists of a group ofpatented and staked mining claims in the vicinity of the Kidd CreekMine and 24 km north of Timmins, Ontario presently owned by Glencore.The Kidd deposit is one of the largest volcanogenic massive sulfide oredeposits in the world, and one of theworld’s largest base metal deposits that lies within the Abitibi greenstone belt . .
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 to within 2 km of the Kidd Creek open pit on theFly Creek 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 Figure 1).
In addition, the Fly Creek Rhyolite may be the faultedextension of the Chance Rhyolite where previously several Texas Gulfdrill holes intersected lead, zinc and silver mineralization.
To the west, Noble has used Induced Polarization toinvestigate a property that lies within 600 meters and on strike withthe Chance mineralization. This stratigraphic horizon also runsthrough the Kidd Creek Mine.
Figure 1: Geological Map of the Kidd Creek Area showing Relation ofArea Rhyolites to the Kidd Creek Rhyolite
Drill Program
The primary target of the drill program will be achargeability anomaly located within the Noble Project Area on Figure1 and located about 2000 meters north of the Kidd Creek Mine. Figure 2is a plan showing the location of the chargeability anomaly andproposed drill holes. Figure 3 is a pseudo-section with thecorresponding resistivity and metal factor.
Figure 2: P lan showing the location of thechargeability anomaly and proposed drill holes. The yellow starsindicate mineralization encountered in past drill programs.
Figure 3: Pseudo-section with the correspondingresistivity and metal factor.
Vance White, President and CEO of Noble, said “We arevery pleased to get this program started with the support of the OJEPgrant and our partners 11530313 Canada Inc. Drilling will be underwayin the very near term.”
*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 interest in theHoldsworth gold exploration property in the area of Wawa, Ontario. Itcontinues 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 also holds ~14,600hectares in the Nagagami Carbonatite Complex and ~4,600 hectares inthe Boulder Project both near Hearst, Ontario. In addition, Noble has~482 hectares in the Cere-Villebon Nickel, Copper, PGM property,~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 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 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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