Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / NOB:CC - Noble Minerals Encounters Significant Copper Nickel Platinum Group Mineralization in Drilling on the Cere Villebon Property Quebec


NOB:CC - Noble Minerals Encounters Significant Copper Nickel Platinum Group Mineralization in Drilling on the Cere Villebon Property Quebec

(TheNewswire)

Toronto, Ontario - TheNewswire - July 11, 2023 - Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSX-V:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report on the reception of final drill coreanalysis results on the Cere Villebon drill program located southeastof Val d’Or, Quebec

  • ampling of Hole 1 from the Cere Villebon drill programreturned analyses of 5.2 meters* of 0.66% copper, 0.94% nickel, 0.04% cobalt,0.25 g/t platinum and 0.66 g/t palladium within a 63 meter* wide mineralized zone grading 0.24%copper, 0.38% nickel, 0.02% cobalt, 0.11 g/t platinum and 0.33 g/tpalladium. (*true width not known at this time);

  • Sampling of Hole 5, located 25 meters east of Hole 1,of 0.46% copper, 0.69% nickel,0.03% cobalt 0.78 g/t platinum and 1.28 g/t palladium over 19 meters* within a 37 meter* zone of 0.36% copper,0.50% nickel, 0.02% cobalt, 0.36 g/t platinum and 0.54 g/t palladium.(*true width not known at this time);

  • The mineralization is associated with a strongchargeability anomaly associated with a resistivity low reflecting thesulphide mineralization encountered in the core. (See Figures 1, 2 andImage 1);

  • Holes 2, 3, 4, 6, and 7 showed no significantmineralization and were drilled off trend of Hole 1 and 5 to testtargets on other parts of the property.

Cere Villebon Project

A drill program and geophysical survey have beencompleted on the Cere Villebon Project southeast of Val d’Or,Quebec. The program included 7 diamond drill holes for a total of1,955 meters. Significant mineralization was encountered in holes 1and 5 and are summarized in Table 1.

H istoric drilling and resourceestimates done by the Groupe La Fosse Platinum Inc on the North Zone(1987) evaluated a historical resource of 421,840 tonnes grading 0.52%copper, 0.72 % nickel and 1.08 g/t combined platinum-palladium (GroupeLa Fosse Platinum Inc., 1987 Annual Report).

This estimate is historical in nature, non-compliant toNI 43-101 Mineral Resources and Mineral Reserves standards, andtherefore should not be relied upon. A Qualified Person has not donesufficient work to classify the historical estimate as current mineralresources, and these estimates should only be considered has anindication of the mineral potential of the Property.

Table 1: Significant Intersections inHole 1 and 5

Hole 1

From (m)

To (m)

Width (m)

Cu (%)

Ni (%)

Co (%)

Pt (g/t)

Pd (g/t

Pt+Pd (g/t)

101.50

102.50

1.00

0.41

0.46

0.02

0.35

0.63

0.98

137.35

148.00

10.65

0.12

0.25

0.01

0.06

0.13

0.19

162.00

225.00

63.00

0.24

0.38

0.02

0.11

0.25

0.36

including

166.70

169.00

2.30

0.25

0.45

0.02

0.09

0.20

0.29

plus

192.00

197.00

5.00

0.44

0.45

0.02

0.17

0.35

0.52

plus

200.00

205.20

5.20

0.66

0.94

0.04

0.25

0.66

0.91

plus

210.00

221.00

11.00

0.38

0.56

0.02

0.17

0.37

0.54

Hole 5

From (m)

To (m)

Width (m)

Cu (%)

Ni (%)

Co (%)

Pt (g/t)

Pd (g/t

Pt+Pd (g/t)

157

194

37.00

0.36

0.5

0.02

0.36

0.54

0.90

including

165

184

19.00

0.46

0.69

0.03

0.50

0.78

1.28

Subsequent to the drilling a 7.2 kilometer program ofInduced Polarization and Magnetometer Survey was done in the vicinityof the diamond drilling.  Figure 1 is a pseudo-section in thevicinity of Hole 1.  The pseudo-section shows a strong chargeabilityanomaly associated with a resistivity low reflecting the sulphidemineralization encountered in the core. (Image 1)

Figure 1: Pseudo-section in theVicinity of Hole 1


Click Image To View Full Size

Figure 2: Chargeability AnomalyShowing Mineralization in Hole 1 and 5


Click Image To View Full Size

Image 1: Drill core from Hole 1,220.5m depth down hole .


Click Image To View Full Size

Mitch Lavery P. Geo . (OGQ), a “qualified person” as such term is defined byNational Instrument 43-101, has reviewed the Cere Villebon datadisclosed in this news release, and has otherwise reviewed andapproved this 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 asits ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property,its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152hectares in the Havre St Pierre  Nickel, Copper, PGM property, its~518 hectares in the Laverlochere Nickel, Copper, PGM property, all ofwhich are in the Province of Quebec.  More detailed information isavailable on the website at: https://www.noblemineralexploration.com

Noble’s common shares trade onthe TSX 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 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

Copyright (c) 2023 TheNewswire - All rights reserved.

Stock Information

Company Name: Noble Mineral Exploration Inc.
Stock Symbol: NOB:CC
Market: TSXVC

Menu

NOB:CC NOB:CC Quote NOB:CC Short NOB:CC News NOB:CC Articles NOB:CC Message Board
Get NOB:CC Alerts

News, Short Squeeze, Breakout and More Instantly...