NOB:CC - Noble Minerals Update on Exploration Projects in Ontario and Quebec
(TheNewswire)
Toronto, Ontario – January 17, 2023– Noble Mineral Exploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased to report on several active explorationprojects in Ontario and Quebec.
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Additional sampling of the core in Nagagami Projecthole NG-22-02 has identified a 61.0 metre* long mineralized zone thathas an average grade of 0.554% Total Rare Earth Oxide (TREO) and0.098% Nd 3 (includes bothnew and December 5, 2022, results);
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Numerous exploration targets have been identified onBoulder Project near Hearst, Ontario. A total of 88 additional miningclaim cells have been acquired to bring the total to 147 (single celland multicell) claims;
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Application has been made to the Quebec Government fora drill program on the Cere Villebon project;
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A line-cutting and geophysical program is in progresson the Kidd Project in preparation for diamond drilling;
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Isabelle Robillard has been commissioned to update a43-101 report on the Buckingham Graphite Project;
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A property has been acquired in Newfoundland from alocal prospector. The property covers the northern extension of theSpruce Ridge Property where recent drilling intersected 51.00 metresaveraging 1.69 grams of gold per tonne (g/t Au) in hole SP21-01, 15.00metres of 2.36 g/t Au (including 4.00 metres of 5.29 g/t Au) inSP21-03, 21.20 metres of 1.75 g/t Au in SP21-08, 17.60 metres of 1.34g/t Au in SP21-11 and 21.00 metres of 2.06 g/t Au in SP21-14.
Nagagami Project
Newly obtained analytical results from Hole NG-22-02 onthe Company’s Nagagami Property near Hearst, Ontario (see Figure 1), filled gaps between and around the 4.0 and 10.0 metre* longintercepts (reported December 5, 2022), such that a 61.0 metre*-longmineralized intercept is now recognized in the core. The 61.0 metre*long mineralized intercept contains an average of 0.554% Total RareEarth Oxide (TREO) and 0.098% Nd 2 O 3 . The 61.0metre* zone includes a 17.0 metre* long zone that has average TREO andNd 2 O 3 grades of 0.665% and 0.118%,respectively. These grades are 20% higher than those of the 61.0metre* intercept.
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61.0 metre* intercept (between 373 and 434m) contains0.554% Total Rare Earth Oxides and 0.098% Nd
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Above intercept includes 17.0 metres* (between 380 and397m) containing 0.665% TREO and 0.118% Nd
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Two smaller intercepts containing 0.573 % TREO and0.105% Nd over 4.0 metres* (between 528 and532m) and 0.605 % TREO and 0.119% Nd over 7.0metres (between 538 and 545m), were also discovered.
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A slightly longer mineralized intercept also contains0.24% Ce over 89.0 metres* (345 to434m).
For comparison purposes, the average Dy 2 O 3 , Nd 2 O 3, Pr 2 O 3 , and Tb 2 O 3 content of the 61.0 metre intercept is equivalent to 5.2 g/tof gold (comparison made using US$ REE + Gold prices reported byKitco.com at 4 pm on January 13, 2022).
Additional work being undertaken on the Nagagamiproject would include; preparation for geophysical surveys to identifythe distribution of rock units in the core of the carbonatite complex;studying the area around the property to identify a possible locationfor a new road to facilitate mobilizing a diamond drill onto theproperty via ground rather than using a helicopter; meetings withcommunities near Hearst to share Noble’s planned explorationprogram; and lithogeochemical and mineralogical studies tocharacterize the wallrocks hosting the mineralized zone(s) andidentify the TREO-bearing minerals. .
Total Rare Earth Oxides = Ce 2 O 3 +Dy 2 O 3 +Er 2 O 3 +Eu 2 O 3 +Gd 2 O 3 +Ho 2 O 3 +La 2 O 3 +Lu 2 O 3 +Nd 2 O 3 +Pr 2 O 3 +Sc 2 O 3 +Sm 2 O 3 +Tb 2 O 3 +Tm 2 O 3 +Yb 2 O 3 +Y 2 O 3
*true width not known at this time
For a video on the Nagagami drillproject, please see:
https://www.youtube.com/watch?v=K69UH7RT9MY
Figure 1: Location of Noble MineralsDrill Holes in the Nagagami Complex
Boulder Project
Noble Minerals has identified several explorationtargets using the recently completed magnetic and electromagneticairborne survey. Some targets were located on property adjacent to theexisting Boulder Project property. Noble acquired 88 additionalmining claims to cover geophysical anomalies near the existing landpackage (see Figure 2 below).
The next steps being taken to prepare for explorationon the Noble Minerals’ Boulder Project property will include;
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submitting an exploration permit application to theOntario Mining Lands Administration System (MLAS) for the planneddiamond drilling program;
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organizing a prospecting program to explore foroutcrop/boulders that could explain the geophysical targets;
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follow up talks with surface rights owners aboveNoble’s mining claims to arrange access for drill rigs to theexploration targets located on or near their properties;
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and meetings in the communities near Hearst to opendialogue on the project.
Figure 2: Boulder Project Claim Boundary with Magneticsand EM picks
Buckingham Graphite
Isabelle Robillard MSc. P. Geo has been commissioned toupdate a 43-101 report on the Buckingham Graphite Project. Ms.Robillard was responsible for the planning,execution and monitoring of the drilling programs conducted in 2016for Ashburton Ventures. The author has also supervised the splittingand sampling of the core material for Ashburton.
Cere Villebon
Application has been made to the Quebec Government fora Spring 2023 drill program on the Cere Villebon project.
Drilling and resource estimates done by the Groupe LaFosse Platinum Inc on the North Zone in 1987 (see Figure 3) evaluateda historical resource of 421,840 tonnes grading 0.52% copper, 0.72 %nickel and 1.08 g/t combined platinum-palladium (Groupe La FossePlatinum 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 mineral resources, and these estimatesshould only be considered as an indication of the mineral potential ofthe Property.
Figure 3: Cere Villebon North Mineralized Zone
Newfoundland Project
A property has been acquired in Newfoundland from alocal prospector. The property covers the northern extension of theSpruce Ridge Property (see Figure 4) where recent drilling intersected 51.00 metres averaging 1.69 grams ofgold per tonne (g/t Au) in hole SP21-01, 15.00 metres of 2.36 g/t Au(including 4.00 metres of 5.29 g/t Au) in SP21-03, 21.20 metres of1.75 g/t Au in SP21-08, 17.60 metres of 1.34 g/t Au in SP21-11 and21.00 metres of 2.06 g/t Au in SP21-14
Figure 4: Newfoundland new Property in relation toSpruce Ridge Drilling and Property
Michael Newbury PEng (ON), a “qualified person” assuch term is defined by National Instrument 43-101, has reviewed thedata disclosed in this news release, and has otherwise reviewed andapproved 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 ~6,000hectares 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:
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 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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