NOB:CC - Noble Minerals Initiates an AirTEM Airborne Survey Near Go Metals HSP Project Havre St. Pierre Quebec
(TheNewswire)
Company Exploration Update
Toronto, Ontario - TheNewswire -October 20, 2023 - NobleMineral Exploration Inc. ( “Noble” orthe “Company” ) (TSX-V:NOB)(FRANKFURT:NB7) (OTC:NLPXF) is pleased to reportthe initiation of an AirTEM airborne magnetic-electromagnetic survey on 188 claims(10,152 hectares) of strategic ground in thevicinity of Go Metals Corp, HSP Nickel Copper Platinum Group Projectnorth of Havre St Pierre located in Quebec. The survey coversapproximately 18 km of prospective contact of the Havre St PierreAnorthositic Complex where Go Metals Corp announced the discovery of"Wide Intervals of Nickel and Copper Sulphides. (Go Metals PressRelease Dated September 13, 2022) (Figure 2).
The Noble claims cover 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, Platinum Groupmineralization tends to accumulate near the intrusive contact that isidentified by a sharp contrast between magnetic high and extrememagnetic low (the anorthosite). The Noble claims cover approximately29 km of prospective contact. (Figure 1). The electromagnetic surveywill identify additional prospective targets for furtherinvestigation.
For comparison, the Go Metals property electromagnetic highs andsubsequent drilling are shown on the map (Figure 2). This will helpassist Noble in delineating similar targets on its property.
The helicopter borne, AirTEM,Time Domain EM and Magnetic surveys will consist of 456 line-kms tocover 18 km of strike length (Figure 3). Theclaims are road accessible and power lines cross the property. TheNoble property is located about 90 km north of the town of Havre St.Pierre.
Figure 1: Noble Claims relative to Go Metals, HSPClaims on a total field magnetic background.
Figure 2: Go Metals HSP property with ElectromagneticConductive Zones (green)
Figure 3: Noble Minerals Airborne Survey Grid
Future work will include evaluation of the airbornesurvey, ground follow-up that includes trenchingand diamond drilling of identified targets.
Boulder Project, HearstOntario
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. Work will include induced polarization surveys and overburdendrilling in an attempt to identify the source of a highly mineralizedboulder found in the area.
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 boulder isunusual for copper mineralization found in the Superior Province ofthe Canadian Shield. The primary mineral is cuprite, a soft, heavy,red oxide mineral (Cu 2 O)that is an important ore of copper worldwide.
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. The goldgrains are predominantly reshaped (24) but also include modified (7)and pristine (4), supporting a localsource for themineralization.
Figure 4: 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. Thedrill contractor has informed Noble that they would commit 2 drills tothe program in order to complete the program in an expeditious mannerallowing the company to meet its timeline for the OJEP grant. Thecompany's partner agreed with this decision. (For details on theproject see Noble Press Release dated July 18, 2023)
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.
Historical exploration results disclosed in this newsrelease are non-compliant with the requirements of National Instrument43-101.
Mitch Lavery (OGQ) a “qualified person” as suchterm is defined by National Instrument 43-101, has reviewed the Quebecdata disclosed in this news release, and has otherwise reviewed andapproved the technical information in this news release on behalf ofNoble.
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 hasotherwise reviewed and approved the technical information in this newsrelease on behalf of 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., 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 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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