NLPXF - Project 81 Exploration Update Dargavel Gold Target Drilling Results
(TheNewswire)
Toronto, Ontario - TheNewswire - March 11, 2021 - Noble Mineral ExplorationInc. ( “Noble” or the “Company” )(TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to provide an update on the 2020 Diamond Drilling Campaign on Project 81-Dargavel Gold Trend (Figure 1, Figure 2). NOB completed 6 NQ sizediamond drill hole totalling 1390.5m resulting in 822 core samples(Table 1) being sent to Activation Laboratories Ltd (Actlabs) inTimmins, Ontario for Au, Ag, Pt, Pd and 32 element ICP analysis. Thelate release of these results was all due to the late receipt of thefinal results from Actlabs.
The objective of the drilling campaign was to duplicateand expand on gold, platinum and palladium results published inhistorical drill hole (25013) drilled in the 1960 by CANICO and drillhole (K84-03) drilled the 1980’s by Chevron Canada Resources Ltd.The 2020 program found anomalous Au values but not with the samewidths or grade as the historical. Uncertainty on the precise locationof the historical drilling may be at fault. However, the programestablished that the Dargavel Gold Trend might be much larger andcontinuous than originally thought. (Tables 2 & 3).
Figure 1: Project 81 - Dargavel GoldProperty Location Map
Figure 2: Project 81- Dargavel GoldProperty
Geology Map with Drill Hole Locations
1: Noble's 2020 Diamond DrillholeSummary
| Drillhole |
| Azimuth |
| Dip |
| Length (m) |
| Easting |
| Northing |
| Elevation |
| SamplesTaken |
| DAR-20-01 |
| 215 |
| -50 |
| 109.5 |
| 461317.0 |
| 5429472.0 |
| 268 |
| 63 |
| DAR-20-02 |
| 215 |
| -50 |
| 129 |
| 461274.0 |
| 5429497.0 |
| 267 |
| 73 |
| DAR-20-03 |
| 220 |
| -50 |
| 108 |
| 461370.0 |
| 5429434.0 |
| 270 |
| 53 |
| DAR-20-04 |
| 160 |
| -50 |
| 276 |
| 463404.0 |
| 5427276.0 |
| 271 |
| 159 |
| DAR-20-05a |
| 180 |
| -60 |
| 48 |
| 463463.0 |
| 5427242.0 |
| 270 |
| 0 |
| DAR-20-05 |
| 180 |
| -60 |
| 285 |
| 463464.4 |
| 5427244.0 |
| 270 |
| 176 |
| DAR-20-06 |
| 235 |
| -50 |
| 435 |
| 466252.4 |
| 5424552.8 |
| 260 |
| 298 |
3D geological modelling and 3D magnetic inversionstudies have indicated that the mineralization to the SE of drillholes DAR 20-01 to DAR 20-03 is very prospective and that the currentdrill holes need to be deepened.
DAR 20-01 returned 0.73g/t Au over 3.05m in asemi-massive sulphide, hosted by an altered tuffaceous unit.
DAR 20-03 returned 0.64 g/t Au over 4.10m, including1.45g/t Au over 1.5m in a brecciated tuffaceous unit.
DAR 20-05 which returned 0.67g/t Au over 18.0m and acombined 3.65g/t Au+Pt+Pd over 1.5m in a sulphide rich, altered maficintrusive unit, and is a completely new discovery that targeted aninterpreted fold nose previously not tested. This discovery ties inthe historical mineralization to the NW to that in the SE.
DAR 20-06 which returned 0.52g/t Au over 19.8m, and2.41g/t Au over 1.5m in a tuffaceous unit ended in mineralization andNOB believes that this hole needs to be deepened. NOB also believesthat this was the top of a larger gold mineralized alterationzone.
Table 2: Assay Highlights from 2020Drilling Program
| DDH |
| Assay (g/t) |
| From (m) |
| To (m) |
| Interval (m) |
| DAR-20-01 |
| 0.73 Au |
| 64.25 |
| 67.30 |
| 3.05 |
| DAR-20-03 |
| 0.64 Au |
| 83.40 |
| 87.50 |
| 4.10 |
| DAR-20-04 |
| 0.34 Au |
| 74.45 |
| 76.00 |
| 1.55 |
| 0.35 Au |
| 139.00 |
| 140.50 |
| 1.50 |
| DAR-20-05 |
| 0.67 Au |
| 72.50 |
| 90.50 |
| 18.00 |
| Including |
| 2.84 Au |
| 74.00 |
| 75.50 |
| 1.50 |
| 2.15 Au |
| 84.50 |
| 86.00 |
| 1.50 |
| AND |
| 2.13 Au, 0.93 Pd and 0.58 Pt |
| 155.00 |
| 156.50 |
| 1.50 |
| DAR-20-06 |
| 2.41 Au |
| 396.50 |
| 398.00 |
| 1.50 |
| 0.52 Au |
| 415.20 |
| 435.00 |
| 19.80 |
Table 3. Noble's 2020 TwinnedDrillholes Comparison
| Noble's 2020 Drilling |
| Historical 1980's Drilling |
| DDH |
| Au |
| Interval |
| Dip |
| Length |
| DDH |
| Au |
| Interval |
| Dip |
| Length |
| DAR-20-01 |
| 0.73 |
| 3.05 (64.25-67.30) |
| -50 |
| 109.5 |
| 25013 |
| 0.97 |
| 7.19 (59.86-67.06 m) |
| -55 |
| 110.3 |
| DAR-20-06 |
| 0.24 |
| 1.50 |
| -50 |
| 435 |
| K-84-3 |
| 7.1 |
| 2 (72-74m) |
| -45 |
| 218 |
| 1.05 |
| 0.90 (291.10-2920) |
| 3.8 |
| 2.1 (319-321.1m) |
| 0.52 |
| 19.80 (415.20 – 4350) |
Sections DAR 20-01, DAR 20-03
Graphic Logs DAR 20-01, DAR 20-03
Graphic Logs DAR 20-05, DAR 20-06
Randy S C Singh PGeo (ON), PEng (ON), VP Exploration& Project Development of Noble and a "qualified person"as such term is defined by National Instrument 43-101, has verifiedthe technical data disclosed in this news release on behalf of NobleMineral Exploration Inc.
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, holds approximately72,000 hectares of mineral rights in the Timmins-Cochrane areas ofNorthern Ontario known as Project 81. Project 81 hosts diversifieddrill-ready gold, nickel-cobalt and base metal exploration targets atvarious stages of exploration. More detailed information is availableon the website at www.noblemineralexploration.com .
Noble’s common shares trade on the TSX VentureExchange under the symbol “NOB”.
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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 notassume any obligation to update or revise its forward-lookingstatements, whether as a result of new information, future events orotherwise.
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