NOB:CC - Noble Reports Updates Homeland Nickel
(TheNewswire)
TORONTO – TheNewswire - April 07, 2025 – Noble MineralExploration Inc. (" Noble " or the" Company ") (TSXV: NOB) (OTCQB: NLPXF) is pleased to report thatt he News Release issued today giving anExploration and Corporate Update for Homeland Nickel in which Noblehas a significant shareholding was issued today the contents of whichare below. This all relates to the White House announcing immediatemeasures to be introduced to significantly increase the US productionof lithium, nickel, copper, and rare earths, with an eye to increasedproduction, the creation of jobs and, significantly, the reduction ofUS reliance on foreign nations.
“Homeland Nickel ProvidesExploration and Corporate Update
Toronto, Ontario – April 07, 2025– Homeland Nickel Inc. (“ Homeland Nickel ” or the “ Company ”) (TSX-V: SHL, OTC: SRCGF) is pleased to provide anexploration update on its 30% owned Great Burnt Copper and South PondGold Properties that are in joint venture with Benton Resources Inc.(“Benton”) as well as its majority-owned nickel properties locatedin Southern Oregon.
Great Burnt Copper, Newfoundland
Benton continues to intersect high-grade copper within the Great BurntMain Zone and has discovered a second parallel zone (the FootwallZone) reporting higher grades of gold. For example, hole GB-24-49intersected 22.0 metres of 7.47% copper (Cu) at 220 metres (m)downhole within the Main Zone and 9.5 m of 0.35% Cu and 0.94 g/t gold(Au) starting at 425 m downhole within the Footwall Zone. Significantintersections from the 2023-2024 exploration programs by Benton intothe Great Burnt Main Zone are summarized in Table 1. Based on a longsection (Figure 1) the Main Zone has been extended along strike by 400m and remains open down plunge to the south. The newly discoveredFootwall Zone is also open.
GB-23-02: 13.00 m of 8.31%Cu, incl 3.00 m of 12.80% Cu
GB-23-04: 26.87 m of 7.18%Cu, incl 11.16 m of 10.28% Cu
GB-23-07: 12.30 m of 7.20%Cu, incl 7.00 m 10.60% Cu
GB-23-12: 25.42 m of 5.51%Cu, incl 1.00 m of 8.77% Cu, 82.00g/t Ag, 4.43g/t Au
GB-23-15: 22.59 m of 5.03%Cu, incl 0.50 m of 20.00% Cu
GB-23-16: 13.67 m of 5.80%Cu, incl 1.00 m of 20.60% Cu
GB-23-18: 8.17 m of 4.22% Cu,incl 7.05 m of 4.11% Cu
GB-23-21: 24.00 m of 5.81%Cu, incl 7.00 m of 11.47% Cu
GB-23-22: 21.68 m of 3.59%Cu, incl 2.00 m of 15.3% Cu
GB-24-23: 7.00 m of 2.02% Cu,incl 4.00 m of 3.01% Cu
GB-24-32: 11.29 m of 3.10%Cu, incl 6.63 m of 5.57% Cu
GB-24-33: 20.92 m of 2.26%Cu, incl 2.98 m of 4.17% Cu
GB-24-37: 18.10 m of 1.99%Cu, incl 4.50 m of 7.24% Cu
GB-24-40: 3.59 m of 3.47% Cu,incl 1.00 m of 4.52% Cu
GB-24-43: 3.73 m of 3.22%Cu
GB-24-45: 22.8 m of 1.23% Cu,incl 3.8 m of 2.21% Cu
GB-24-49: 22.0 m of 7.47% Cu,incl 15.0 m of 10.02% Cu
Note: True widthsare estimated to be 70% of the above reported core lengths
Table 1 - Significant 2024 drillintersections into the Great Burnt Main Zone.
Figure 1 - Long section of the Great Burnt (Main)Copper Zone.
South Pond Gold, Newfoundland
Benton conducted a drill program during 2024 encountering thicksections of gold mineralization including 54.50 m of 1.88 g/t Au inhole SP-24-32. Drilling will continue in 2025 with a 15,000 m programplanned to expand the shallow mineralization at depth and alongstrike. Significant intersections are summarized in Table 2 with theassays from three drillholes still pending.
Note: Actualwidths of the mineralization are unknown currently
Table 2 - Core length intersections ofgold in South Pond Gold Zone.
Red Flat Property, Oregon
Previous exploration at Red Flat in 2007-2008 identified a historicalnickel resource of 10.4 Mt at 0.84% Ni of measured and indicated plus8.3 Mt at 0.80% Ni of inferred for a total of 317 million pounds ofcontained nickel using a 0.7% Ni-cutoff (AJR Consulting Inc., 2009).The resource is not compliant with NI 43-101 standards as it was notpublished prior to the property being acquired by Homeland Nickel.
During July 2024, Homeland Nickel visited the property with the ForestService to review road access and to locate up to 50 sonic drillholelocations for a future exploration program. The property is roadaccessible across its entire length via a well-maintained gravel roadwith several unmaintained trails extending across the property toprovide excellent overall access. Of historical significance was thepresence of several large trenches (see Figure 2) that are thought tohave been excavated during the 1950s by the United States Government(possibly the United States Geological Survey) where nickel lateritewas exposed for vertical thicknesses up to 15 ft.
A total of forty-four (44) sonic drillhole locations were spotted andphotographed and a subsequent Plan of Operation has been submitted tothe Forest Service for approval. The purpose of this drill program isto determine the vertical extent of the nickel laterite along both anorth-south and east-west corridor in an area with good road access. Abulk sample program is also planned whereby Homeland Nickel willexcavate approximately 2,000 pounds of nickel laterite across thevarious exposed trenches using pickaxes and shovels to minimize theamount of surface disturbance. This material will be subject tomineralogy and metallurgy reviews as well as to determine if thenickel can be removed in-situ.
Cleopatra Property, Oregon
Cleopatra has a historical resource (not NI 43-101 compliant) of19.803 Mt of 0.94% Ni in the measured and indicated categories as wellas 19.671 Mt of 0.92% Ni in the inferred category for a total of 733million pounds of contained nickel. The Company visited the propertyin 2024 and discovered that while the property could be accesseddirectly by four-wheel drive truck, access within the property wasmostly limited to quad-runners. Homeland Nickel has proposed asonic-hole program consisting of up to 16 shallow holes each drilledto a maximum depth of 50 feet. A Plan of Operation was submitted tothe US Forest Service in August 2024 for approval.
Eight Dollar Mountain, Oregon
The Eight Dollar Mountain Property (“Eight Dollar”) is locatedwest of the town of Selma, Oregon and is directly accessible by road.Nickel laterite is evident at surface across much of the property. Asampling program is scheduled for 2025 to obtain several undisturbedsamples of nickel laterite for assaying (approximately 500 g persample). Historic exploration at Eight Dollar has confirmed nickellaterite over a very wide area of variable grade. Homeland Nickelstaked 115 mining claims in 2024 totalling 2,376 ac and has a 100%interest in the property.
Shamrock Property, Oregon
The Shamrock Property (“Shamrock”) consists of 40 mining claimstotalling 758 ac, and is located 20 miles northwest of Medford,Oregon. Access is via a local gravel road extending into the propertyfrom a paved highway to within a few hundred meters of the historicalworkings and was visited by Homeland Nickel in August 2024. Anexploration program at Shamrock is planned for 2025 to relocate thehistorical workings and sample local outcrops. The property wasexplored in 1952-53 and a bulk sample of 200-lb was removed whichassayed 1.3% Ni, 1.1% Cu and 0.03 oz/t Pt. High-grade manganese wasalso removed and processed with assays returning 23.1-32.3% Mn.Shamrock is considered a high-grade nickel sulphide prospect, 100%owned by Homeland Nickel.
Corporate Update
Homeland Nickel continues to own a significant amount of Canada NickelCompany Inc. (TSXV: CNC) and Benton (TSXV: BEX) shares. With therecent announcement by Benton of a lithium spin-out (Vinland LithiumInc., see Benton’s news release dated January 16, 2025) and dividendof shares to existing Benton shareholders, Homeland Nickel willbenefit from its share holding of 12,682,000 BEX common shares,approximately 6.5% of Benton’s issued common shares. These spin-outshares will be held by the Company for investment purposes.
The Company has submitted a Plan of Operation for both Red Flat andCleopatra to the US Forest Service and is expecting for a mid-spring2025 field program. As part of the Plan of Operation, Homeland Nickelmust show that its mining claims have been in good standing since 2014and that each mining claim to be explored has prior indication ofeconomic minerals present prior to a 2015 withdraw order which nowlimits exploration to existing staked prospects.
Figure 2 - Excavated trench at Red Flat revealingnickel laterite at surface.
Qualified Person
Stephen J. Balch, P.Geo. (ON), the Company’s President and CEO and a“Qualified Person” under National Instrument 43-101, has reviewedand approved the technical content of this press release.
About Homeland Nickel
Homeland Nickel is a Canadian-based mineral exploration companyfocused on critical metal resources with nickel projects in Oregon,United States and copper and gold projects in Newfoundland, Canada.The Company holds a significant portfolio of mining securitiesincluding 2.692 million shares of Canada Nickel Company Inc. (TSX-V:CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V:NOB), 12.682 million shares of Benton Resources Inc. (TSX-V: BEX) and2.761 million shares of Magna Terra Minerals Inc. (TSX-V: MTT).Homeland Nickel’s common shares trade on the TSX Venture Exchangeunder the symbol “SHL.” More detailed information can be found onthe Company’s website at:
http://www.homelandnickel.com
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this newsrelease. No stock exchange, securities commission or other regulatoryauthority has approved or disapproved the information containedherein.
This news release contains statements that constitute“forward-looking statements.” Forward-looking statements arestatements that are not historical facts and include, but are notlimited to, disclosure regarding possible events, that are based onassumptions and courses of action, and in certain cases, can beidentified by the words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur,or the negative forms of any of these words and other similarexpressions. Forward-looking statements include statements related tofuture plans for the Company, and other forward-looking information.Forward-looking statements are based on various assumptions includingwith respect to the anticipated actions of securities regulators,stock exchanges, and government entities, management plans andtimelines, as well as results of operations, performance, businessprospects and opportunities. Although the forward-looking statementscontained in this news release are based upon what the management ofthe Company believes are reasonable assumptions on the date of thisnews release, such assumptions may prove to be incorrect.Forward-looking statements involve known and unknown risks anduncertainties, they should not be read as guarantees of futureperformance or results, and they will not necessarily be accurateindications of whether such results will be achieved. A number offactors could cause actual results, performance or achievements todiffer materially from the results discussed in the forward-lookingstatements, including, but not limited to: an inability to develop andsuccessfully implement exploration strategies; general business,economic, competitive, political and social uncertainties; the lack ofavailable capital; impact of the evolving situation in Ukraine on thebusiness of the Company; and other risks detailed from time-to-time inthe Company’s ongoing filings with securities regulatoryauthorities, which filings can be found at www.sedarplus.ca. TheCompany cannot assure readers that actual results will be consistentwith these forward-looking statements. Readers are cautioned not toplace undue reliance on forward-looking statements in this pressrelease. These forward-looking statements are made as of the date ofthis news release and the Company disclaims any intent or obligationto update any forward-looking statement, whether because of newinformation, future events or otherwise, unless otherwise required bylaw.”
A bout Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company, which has holdings of securities in CanadaNickel Company Inc., Homeland Nickel Inc., East Timmins NickelInc.(20%), and its interest in the Holdsworth gold explorationproperty in the area of Wawa, Ontario.
Noble holds mineral and/or exploration rights in~70,000ha in Northern Ontario, ~14,000ha elsewhere in Quebec andNewfoundland, upon which it plans to generate option/joint ventureexploration programs .
Noble holds mineral rights and/or exploration rights in~18,000 hectares in the Timmins-Cochrane areas of NorthernOntario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, aswell as an additional 20% interest in ~38,700 hectares in the Timminsarea and ~175 hectares of mining claims in Central Newfoundland.Project 81 hosts diversified drill-ready gold, nickel-cobalt and basemetal exploration targets at various stages of exploration. Noble alsoholds ~4,600 hectares in the Nagagami Carbonatite Complex and its~3,200 hectares in the Boulder Project both near Hearst, Ontario, aswell as ~3,700 hectares in the Buckingham Graphite Property, ~10,152hectares in the Havre St Pierre Nickel, Copper, PGM property, and~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property,~569 hectare Uranium/Rare Earth property (Chateau) and a ~461 hectareUranium/Molybdenum property (Taser North), all of which are in theprovince of Quebec.
Noble’s common shares trade on theTSX Venture Exchange under the symbol “NOB.”
More detailed information on Noble is available on thewebsite at www.noblemineralexploration.com .
Cautionary Statement Concerning Forward-Looking Statements
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, and actual results may differmaterially from the Company’s plans and expectations. These plans,expectations, risks, and uncertainties are detailed herein andfrom time to time in the filings made by the Company with the TSXVenture Exchange and securities regulators. Noble Mineral ExplorationInc. does not assume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events or otherwise .
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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