NOB:CC - Noble Minerals Completes AirTEM Heli-borne Survey Near Go Metals HSP Project Havre St. Pierre Quebec and Company Exploration Update
(TheNewswire)
Toronto, Ontario – TheNewswire - November 6, 2023 – Noble MineralExploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) ispleased to give an update to ongoing exploration projects.
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The AirTEM airborne survey recently completed on theNHSP Property in the Havre St. Pierre region of Quebec has detected anelectromagnetic anomaly approximately 800m x 700m in size. Similaranomalies on the Go Metals Corp property in the same geologicalenvironment resulted in discovery of massivesulphide mineralization with good grades of copper and nickel andelevated platinum, palladium, cobalt and gold values.
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Ground Magnetometer, VLF-EM and Induced Polarizationsurveys have been initiated on the Boulder Project in preparation foran overburden drilling campaign in an attempt toidentify the source of a highly mineralized boulder found in thearea.
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Preparations are underway for the December start of adrill campaign on the Kidd2/Carnegie project in the vicinity of theKidd Creek Mine near Timmins Ontario.
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In the vicinity of Noble’s Island Pond property,Newfoundland, Benton Resources announced favourable results on theGreat Burnt Property (Benton Press Release Nov 1,2023.). “Benton Hits Multiple High-Grade Copper Zones in First TwoHoles Including 8.31% Cu over 13m and Continues to IntersectCopper-Rich Massive Sulphides in Drilling at Great Burnt”. Theconductive zone that hosts the South Pond gold mineralization crossesthe Noble Minerals claims and has not been explored by drilling todate.
NHSP Property
Noble is pleased to report the completion of an AirTEM airbornemagnetic-electromagnetic survey on 188 claims (10,152 hectares) ofstrategic ground in the vicinity of Go MetalsCorp, HSP Nickel Copper Platinum Group Project north of Havre StPierre located in Quebec. The survey covers approximately 18 km ofthe total 29 km of prospective contact covered by the Noble claims. The contact of the Havre St Pierre Anorthositic Complex is nearwhere Go Metals Corp reported the discovery of massive sulphidemineralization with significant grades of copper and nickel andelevated platinum, palladium, cobalt and gold values. (Go Metals PressRelease Dated September 13, 2022).
The Noble claims cover part of the Havre St. PierreAnorthositic Complex, which contains known nickel, copper and PGEmineralization. The claims cover magnetic features similar to GoMetal’s, HSP Nickel-Copper discovery. Nickel, Copper and PlatinumGroup mineralization tends to accumulate near the intrusive contactthat is identified by a sharp contrast between magnetic high andextreme magnetic low (the anorthosite). The Noble claims coverapproximately 29 km of prospective contact. (Figure 1). Theelectromagnetic survey was done to identify additional prospectivetargets for further investigation.
The AirTEM survey was successful in identifying an 800meter long conductive zone associated with a magnetic high within themargin of the anorthositic complex located on Noble claims. The EManomaly was found to be associated with the NE contact margin of anarea.
Figure 1: Noble Claims relative to Go Metals, HSPClaims on a total field magnetic background.
Figure 2: Noble Minerals Airborne Survey Grid
Figure 3: Location of Conductors on ApparentConductivity Background
Figure 4: Location of Conductors on Magnetic Fieldbackground
Future work will include evaluation of the airbornesurvey, ground follow-up that includes trenchingand diamond drilling of identified targets. Ground follow-up andsubsequent work will need to be delayed until next Spring because ofthe onset of winter weather in the are.
Boulder Project, HearstOntario
A sample of the metalliferous boulder, brought to theTimmins Mining District Regional Resident Geologist in 2019 by a Mr.A. Cousineau, was submitted for chemical analysis to Geolabs inSudbury to establish its metal and mineralogical makeup. Geolabsdetermined that the boulder contained: 71.8% copper; 3.5% lead, 1.09%zinc; 252 g/T of silver, 3.79 g/T of gold; 4.43 g/T of palladium; and2.22 g/T of platinum and consisted primarily of cuprite (van Hees etal., 2020). The type of copper mineralization found in the boulderis unusual for copper mineralization found in the Superior Province ofthe Canadian Shield. The primary mineral is cuprite, a soft, heavy,red oxide mineral (Cu2O) that is an important ore of copperworldwide.
In 2021, Noble launched an exploration program on theproperty in an effort to identify the source of the boulder. Basaltill samples collected from two fence lines of hand auger holes,located about 100 m and 1 km north of the boulder location, produced35 gold grains. These gold grains defined a southeast-northwesttrending dispersion train that indicates they were transportedsoutheast by the continental glacier from a source area located to thenorthwest. The dispersion train appears to begin near a northeasttrending magnetic anomaly to the northwest of the property. Thegold grains are predominantly reshaped (24) but also include modified(7) and pristine (4), supporting a local source for themineralization.
Work is continuing on the Boulder Project near Hearst,Ontario. An application has been made for an Ontario JuniorExploration Grant that could provide up to $200,000 on a $400,000program. The magnetometer, VLF-EM and Induced Polarizationgeophysical surveys have begun in preparation for overburden drillingin an attempt to identify the source of a highly mineralized boulderfound in the area.
Figure 5: Boulder project area with glacial icemovement directions in Way Township and potential targets (yellowstars).
Kidd2/Carnegie Project, TimminsOntario
As previously announced, the drilling of theKidd2/Carnegie project has been delayed until December. The delay iscaused by an unusually wet spring and summer season making access tothe drill sites very difficult. Helicopter support was considered;however, management determined that the additional expense wasexcessive and would much rather see the money spent on the ground. The drill contractor has informed Noble that they would commit 2drills to the program in order to complete the program in anexpeditious manner allowing the company to meet its timeline for theOJEP grant. The company's partner agreed with this decision. (Fordetails on the project see Noble Press Release dated July 18,2023)
Reference: van Hees, E.H., P. Bousquet, J. Suma-Momoh,C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge,A. Millette and C. Patterson, 2020. Report of Activities 2019,Resident Geologist Program, Timmins Regional Resident GeologistReport: Timmins and Sault Ste. Marie Districts; Ontario GeologicalSurvey, Open File Report 6366, 160p.
Island Pond Property,Newfoundland
Favourable results announced on the Benton Resources,Great Burnt Property in the vicinity of Noble’s Island Pondproperty. Benton Press Release (Nov 1, 2023) “Benton Hits MultipleHigh-Grade Copper Zones in First Two Holes Including 8.31% Cu over 13mand Continues to Intersect Copper-Rich Massive Sulphides in Drillingat Great Burnt”
The Great Burnt Main Zone has an NI 43-101 compliantresource prepared in 2022 for Spruce Ridge Resources Ltd. by P&EMining Consultants Inc. of 667,000 Tonnes at 3.21% copper (indicated)and 482,000 Tonnes at 2.35% copper (inferred), contained within mininglease 211(10210M). The Copper resource remains open to the south andat depth. Highlights of the drill programs to date include:
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GB20-05: 27.20 m of 8.06% Cu,including 7.75 m of 16.88% Cu
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GB20-20: 22.75 m of 6.89% Cu,including 12.55 m of 10.59% Cu
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GB18-05: 20.94 m of 6.21% Cu,including 6.98 m of 10.71% Cu
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GB18-06: 9.97 m of 7.45% Cu,including 5.03 m of 11.42% Cu
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GB16-08: 7.50 m of 9.45% Cu,including 3.00 m of 19.30% Cu
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GB16-09: 5.75 m of 6.68% Cu,including 1.50 m of 11.70% Cu
Exploration at the South Pond Zone has identifiedpotential for both copper and gold along several kilometers ofstrike. Highlights of the 2021 drill program include:
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SP21-01: 1.69g/t Au over 51.00 m,including 3.19g/t Au over 11.00 m, within 10 m of surface
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SP21-03: 2.36g/t Au over 15.00 m,including 11.33g/t Au over 1.00 m
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SP21-08: 1.75g/t Au over 21.20 m,including 2.82g/t Au over 10.20 m
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SP21-11: 1.34g/t Au over 17.60 m,including 2.48g/t Au over 4.20 m
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SP21-14: 2.06g/t Au over 21.00m
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SP21-16: 1.72g/t Au over 10.00m
The conductive zone that hosts theabove mineralization crosses the Noble Minerals claims and has notbeen explored by drilling to date. (Figure 6)
Note: Widths quoted are true corelength, true widths are estimated at approximately 70% of corelengths
Figure 6: Noble’s Island Pond Claims in relation toBenton’s Great Burnt and South Pond Claims
Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument43-101.
Mitch Lavery, P.Geo (OGQ) a “qualified person” assuch term is defined by National Instrument 43-101, has reviewed theQuebec data disclosed in this news release, and has approved thetechnical information in this news release on behalf of Noble.
Michael Newbury PEng (ON), a "qualifiedperson" as such term is defined by National Instrument 43-101,has verified the Ontario data disclosed in this news release, and hasapproved 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”.
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 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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