NOB:CC - Noble Minerals Completes Geophysical Surveys in proximity to the Location of a 140 kg Mineralized Boulder Found near Hearst Ontario
(TheNewswire)
Toronto, Ontario – TheNewswire - March 8, 2024 – Noble Mineral ExplorationInc. ( “Noble” or the “Company” ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) ispleased to announce that the company has completed geophysical surveyson 214 claims in Way Township. The claims extend from about 4 to 15 kmsouthwest of the town of Hearst, Ontario. The property area isequivalent to approximately 4,500 hectares or 45 sq km. Thegeophysical surveys were done in preparation for a reverse circulationdrill program scheduled for the Spring/Summer of 2024. The recentgeophysical program was partially funded by the Ontario JuniorExploration Program.
Historically, a sample of a metalliferous boulder,brought to the Timmins Mining District Regional Resident Geologist in2019 by a Mr. A. Cousineau, was submitted for chemical analysis toGeolabs in Sudbury to establish its metal and mineralogical makeup.Geolabs determined 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 ofpalladium; and 2.22 g/T of platinum and consisted primarily of cuprite(van Hees et al., 2020).
In 2021, Noble launched an exploration program to in aneffort to identify the source of the boulder. Basal till samplescollected from two fences of hand auger holes, located about 100 m and1 km north of the boulder, produced 35 gold grains. These gold grainsdefine a southeast-northwest trending dispersion train that indicatethey were transported southeast by a glacial transport from a sourcearea located to the northwest. The dispersion train begins near anortheast trending magnetic anomaly. The gold grains are predominantlyreshaped (24) but also include modified (7) and pristine (4),supporting evidence of local source.
In 2022 an airborne geophysical survey was flown overthe property followed by a ground geophysical survey inNovember/December 2023. The ground geophysical surveys included 29line-kilometers of Magnetic, VLF-EM and Induced Polarization Survey.Compilation of the ground geophysics in conjunction with the airbornedata was successful in outlining a significantnortheast trending magnetic high unit that was traced from thesouthwest section of the survey block to the northeast corner of thesurvey block. This unit is represented by a strong magnetic high bandthat pinches and swells along its strike length, The survey also showsthat this main high has been crosscut in a northwest to southeastdirection by at least 10 to 11 somewhat narrow magnetic highs that maybe indicative of dike like units.
The contour plan map of the first vertical derivativeof the total field magnetic definitely enhances the northeast strikingmagnetic high feature as well as the numerous northwest-southeastnarrow crosscutting high features. The approximate location of themineralized, Cousineau Boulder appears to coincide with a slightbullseye high at the southeast end of one of the northwest strikingcross dike like features. The white line will be discussed throughoutthe report but is suggested at being a possible cross faultsystem . See Figure 1 below .
Figure 1: First Vertical Derivative of the airbornegeophysical survey showing
location of the Cousineau Boulder and a possible crossfault structure (white line)
Work will continue during the 2024 field seasonincluding a reverse circulation drill program in the vicinity of themineralized boulder and along the lines recently surveyed bygeophysics.
Vance White, President and CEO of Noble, said “we arepleased with the progress on this property and look forward to thereverse circulation drill program that may give us more clues as tothe possible source of this rich boulder.”
Figure 2: Photo of the Cousineau Boulder
References:
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, ResidentGeologist Program, Timmins Regional Resident Geologist Report: Timminsand Sault Ste. Marie Districts; Ontario Geological Survey, Open FileReport 6366, 160p.
Wayne Holmstead P.Geo (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 which, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonaldMines Exploration Ltd., and its interest in the Holdsworth goldexploration property in the area of Wawa, Ontario, will continue tohold approximately 40,000 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 44,000hectares of mining claims in Central Newfoundland. Project 81 hostsdiversified drill-ready gold, nickel-cobalt and base metal explorationtargets at various stages of exploration. Itwill also hold its recently acquired Nagagami Carbonatite Complex nearHearst, Ontario, as well as the Buckingham Graphite Property, theLaverlochere Nickel, Copper, PGNM property and the Cere-VillebonNickel, Copper, PGM property, all of which are in the province ofQuebec. More detailed 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 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
Email : ir@noblemineralexploration.com
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