Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) is pleased to report that Canada Nickel Company Inc. (“Canada Nickel”) has initiated a drill campaign on the properties optioned from Noble in Mann Twp et al. The direct related quotes are taken from the Canada Nickel News Release of May 24, 2023.
“Mann Northwest Property
The Mann property is located 22 kilometres east of Crawford and 45 kilometres northeast of Timmins. The property consists of at least three main ultramafic targets like that at Crawford – Mann Northwest with a target footprint of 6.0 km 2 , Mann Central with a target footprint of 3.1 km 2 , and Mann Southeast with a target footprint of 4.1 km 2 - compared to Crawford target footprint of 1.6 km 2 (see Figure 1).
Drilling started in the Northwest zone, with the first four drillholes intersecting very strongly serpentinized peridotite and minor dunite. These first four holes delineated mineralization along 800 metres of strike length and a width of at least 500 metres within a total target length of 10.4 kilometres. Mann Northwest remains open in all directions. Mineralogy and assays are pending. All four holes collared in dunite/peridotite with lesser intersections of pyroxenite and some minor dykes (Figure 1). All holes show strong serpentinization, and fine-grained mineralization throughout.”
Figure 1. Plan View of Mann zones with ongoing drilling in Northwest area.
Vance White, President and CEO of Noble, said “we are extremely pleased to see Canada Nickel moving forward with their initial round of drilling in Mann Twp .”
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in the Timmins area and ~14,400 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as its ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, its ~518 hectares in the Laverlochere Nickel, Copper, PGM property, all of which are in the Province of Quebec. More detailed information is available on the website at: https://www.noblemineralexploration.com
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-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
Noble Mineral Exploration (TSXV:NOB,FWB:NB7,OTCQB:NLPXF) is a Canadian junior exploration company with shareholdings in Canada Nickel, Spruce Ridge Resources and MacDonald Mines Exploration.
Noble holds approximately 90,000 hectares of mineral rights in various areas of Northern Ontario, Quebec and Newfoundland, upon which it plans to generate joint venture exploration programs. The company is exploring for nickel, cobalt, platinum group metals (PGMs), volcanogenic massive sulphide (VMS), gold, chromium, copper, zinc, silver and gold. The company owns one contiguous block of land totaling 25,000 hectares staked and patented mineral rights at Project 81 including a 50-percent interest in the Carnegie, Prosser, Wark and Kidd Twps (6,600 hectares ) claims, and an option on 4,800 hectares in Calder Twp.
Noble’s Project 81 properties have been sold to Canada Nickel for 3.5 million shares of Canada Nickel, which yielded dividends to Noble shareholders in the second quarter of 2022 by way of a return of capital. Noble has retained a 2-percent net smelter return (NSR) on claims in Bradburn, Mahaffy and MacDiarmid Twps subject to a 50-percent buyback at graduated rates per project.
The Crawford nickel sulfide project covers 9,000 hectares of the larger Project 81 property and is approximately 14 kilometers north of the Kidd Creek mine. After an initial drill program carried out by Spruce Ridge Resources, the Crawford Ni-Co-PGM deposit was taken over by Sprudge Ridge for 22 million shares of Canada Nickel.
Noble Mineral also holds interest in Mann et al Twps comprising 1,900 hectares in the Timmins area of Northern Ontario, for which it holds the mineral rights focusing on Ni-Co-PGM. The company plans a follow-up drilling campaign at the Nagagami River Carbonatite project covering 14,600 hectares of niobium and rare earth discovery near Hearst in Northern Ontario. Noble is also planning its 2023 drill campaign at the 4,600-hectare Boulder Project. Scheduled winter drilling for the same year is set for the 482-hectare Cere-Villebon and 3,700-hectare Buckingham graphite projects.
Noble Mineral has also formed numerous strategic financial and technical partnerships that apply state-of-the-art technology to help identify various types of mineralization. Some of the company’s partners include MacDonald Mines Exploration (TSXV:BMK), a Canadian precious metals explorer, Orix Geoscience, a geological consulting firm, BECI Exploration Consulting, an innovative airborne mineral exploration technology developer, CGG Multiphysics, a fully-integrated geoscience company providing leading geological, geophysical (airborne gravity gradiometer) and reservoir services, Windfall Geotek to produce artificial intelligence (AI), IBK, as their financial advisor, and Franco-Nevada (TSX:FNV), a net smelter royalty (NSR) holder.The Project 81 property spans over 36,400 hectares and is located in the Timmins-Cochrane area of Northern Ontario. It comprises patented mineral rights, in addition to contiguous staked mining claims. The property remains mostly underexplored and is prospective for gold, silver, nickel, cobalt, platinum group metals (PGM), chromium, copper, lead, VMS and zinc deposits. Project 81 is within three kilometers of Glencore’s Kidd Creek zinc-copper-silver mine complex, 30 kilometers from the Porcupine-Destor main break, and within 25 kilometers of the City of Timmins, Ontario. The property is accessible by paved highway and has access to high-voltage transmission lines, hydropower, water, mining personnel and mining service suppliers and contractors.
Noble Minerals has acquired a copper-precious-metal prospect near Hearst, Ontario, extending from about 4 to 15 kilometers southwest of the town of Hearst. The staked area is equivalent to approximately 4,500 hectares. A 140-kilogram boulder was found in the area containing significant concentrations of base and precious metals which, upon analysis conducted in 2019 by the Ontario Geological Survey, determined that the boulder contained: 71.8 percent copper; 3.5 percent lead, 1.09 percent zinc; 252 grams per ton (g/t) of silver, 3.79 g/t of gold; 4.43 g/t of palladium; and 2.22 g/t of platinum and consisted primarily of the mineral cuprite.
Drilling is planned in 2023 to follow up on airborne EM/Mag for Boulder producing more than 70 percent copper.
First core from Nagagami Complex
Noble acquired an estimated 14,607 hectares, including 695 mining claims, in the Nagagami River area. The carbonatite alkalic complex is positioned approximately 65 kilometers northwest of Hearst, Ontario. Project perspectives are based on magnetic study of the Nagagami land relative to the Niobec mine in Quebec. These geologically similar areas indicate donut-shaped structures with syenitic rocks forming the circular magnetic high, and carbonatitic rocks forming the central magnetic low where niobium and other rare earth mineralization is hosted.
The Buckingham graphite project comprises 3,700 hectares in the Outaouais area of Western Quebec. A 2022 fieldwork of a two-phase program was conducted to include reprocessing of data from a 2013 survey, property visits to locate trenches, grab samples and drill hole collars. The company has proposed to conduct infill drilling on the property in 2023.
Between the 1960s and 1980s, drilling and exploration were conducted at the Lucas gold project. No significant exploration work, however, has been completed on the property since the 1980s. Historic (not NI 43-101 compliant) drill highlights include 9.14 meters grading 3.14 g/t gold and 8.84 meters grading 3.5 g/t gold. The project also has six discrete parallel induced polarization (IP) anomalous trends that require follow-up exploration.
In 2012 and 2018, Noble Mineral completed airborne electromagnetic and magnetic geophysical surveys on the property. The surveys outlined an anomalous gold trend that was followed up with a 3,184-meter drill program over 650 meters of the 1,700-meter strike length. Highlights from the 2018 drill program include 5 meters grading 1.42 g/t gold and 9.5 meters grading 1.84 g/t gold.
The company believes that the gold mineralization at Lucas is structurally controlled and occurs as discrete lenses stacked within the pyrite-gold mineralized tuff unit. Noble Mineral intends to conduct follow-up drilling during future work programs.
H. Vance White has served as president and director of the company since 2003. He has been actively involved in the mineral exploration and production industry for over 50 years. White has also served as director and officer of several other reporting issuers, including Dickenson Mines, now Goldcorp/Newmont. He was the founder of AfriOre, now owned by Lonmin.
Robert Suttie currently works with Marrelli Support Services as its vice-president. He has more than 20 years of experience, 10 of which were in public accounting prior to his tenure with the Marrelli organization. He specializes in management advisory services, accounting and the financial disclosure needs of Marrelli’s public client base. Suttie also serves as CFO for a number of other junior mining companies listed on the TSX and TSXV, leveraging his skills and experience to become integral to the reporting issuers.
Wayne Holmstead brings Noble Mineral Exploration more than 40 years of exploration experience in Ontario and Quebec. He is a P.Geo who graduated from the University of Toronto holding positions of president, vice-president exploration, exploration manager and director for various junior mining companies over the years and has directed all aspects of mineral exploration in Canada.
He co-discovered and arranged financing for the MacLeod Lake copper-molybdenum-gold-silver deposit in James Bay, Quebec. He outlined 18 million tonnes of copper, molybdenum, gold and silver in the Main Zone, and discovered the South Zone and Rocky Point Zone at Macleod Lake through boulder tracing and beep mat prospecting.
Denis Frawley is a corporate and securities lawyer at Ormston List Frawley LLP, where he has been practicing since 2006. He regularly advises companies involved in the mineral resource exploration and mining industries on matters related to corporate law, securities law, corporate governance and related areas. Frawley also routinely advises private and public companies on financings, mergers and acquisitions, joint ventures and general commercial and business matters. In addition, as part of his practice advising public companies, he frequently advises on reverse takeovers and other transformative transactions.
Prior to founding Ormston List Frawley LLP, Frawley was a partner in Toronto at another leading Canadian law firm. He received his bachelors of common and civil law degrees from McGill University and his Bachelor of Social Science in economics from the University of Ottawa. He is permitted to practice in Ontario and New York.
For the majority of his career, Birks Bovaird’s focus has been on the provision and implementation of corporate financial consulting and strategic planning services. He was previously the vice-president of corporate finance for one of Canada’s major accounting firms. He presently is the chairman of Energy Fuels Inc., a premier US-based integrated uranium miner listed on the TSX and NYSE. Bovaird is chairman of GTA Resources and Mining as well as a member of the audit committee. He has been involved with numerous public resource companies, both as a member of management and as a director. He is a graduate of the Canadian Director Education Program and holds the Institute of Corporate Directors (ICD.D) designation.
Michael Newbury is a professional engineer, banker and project finance specialist with over 30 years of experience in the operation, financing and evaluation of natural resource projects. Newbury’s mining and technical expertise, as well as financial and engineering capabilities, enable the evaluation, assessment, development and operational plans and financial structures that manage project risk, minimize equity requirements and maximize shareholder value.
Newbury has a bachelor’s of science from McGill University, managed Barclays Bank’s World Mining Group and the Credit Suisse Corporate Banking Group. He was one of the initial partners in Endeavour Financial and provided his technical expertise to that group for over 10 years. He has extensive experience in the evaluation and financial structuring of natural resource projects in emerging market countries including Uzbekistan, Kazakhstan, South Africa, China and Venezuela, now Bolivarian Republic of Venezuela. Currently, he operates as an independent consultant and is on the Boards of a number of junior mining companies. He is Noble Mineral Exploration’s designated qualified person (QP) for geological reporting.
As the president of Blue Source Canada, the largest developer and marketer of projects to reduce greenhouse gas (GHG) in Canada, Yvan Champagne oversees project sourcing, offset sales, brokerage and advisory services for the Canadian market. An experienced leader and entrepreneur in carbon markets, Champagne has a great passion for and understanding of environmental technologies and GHG-reduction projects.
His broad experience includes GHG project screening, assessment and contracting, and advising companies and organizations across Canada on sustainable environmental strategies and programs. Champagne brings expertise in government relations, consulting in the energy sector, public affairs and marketing, and growing companies in new markets. Champagne obtained his Bachelor’s of arts in political science from Yale University with a focus on environmental policy and business-government relations. He is also a graduate of the Kellogg-Schulich Executive MBA program.
Dr. Samuel Peralta has 35 years of business experience in the energy and technology sectors, overseeing business development, product and process innovation and corporate transformation. He holds a PhD in physics, with an industry background in energy, mobile platforms and digital media, advanced sensors and semiconductors. Currently, he is CEO of Windrift Bay, which develops and manages a portfolio of technology and media properties. He was previously director of business and corporate development at Kinectrics, overseeing $70 million annually in high-tech programs for the energy industry.
Previously, he was CEO of Qvadis, a smartphone software provider and CTO for OH Solar, a photovoltaic firm based on an acquisition from Texas Instruments. Peralta served in key positions at Ontario Power Generation and the Ontario Laser and Lightwave Research Centre. He has served on the board of directors of public, private and non-profit firms, with committee leadership in governance, finance and audit, and special projects including mergers and acquisitions. Peralta served on the boards of Qvadis, Envergence, OPEL Solar, Axiom NDT, POET Technologies and the Organization of Canadian Nuclear Industries. He is currently sitting on the boards of Cobalt Blockchain, Noble Mineral Exploration and Windrift Bay.
Stephen Balch, a professional geologist, has over 30 years of experience in mineral exploration as an exploration geophysicist. He is one of Canada’s leading experts on geophysical techniques used to identify nickel-copper sulfide and platinum-group-metal targets. Since 2010, he has served as president and a director of Triumph Instruments, a company that conducts airborne time-domain electromagnetic surveys in North America, China and Mexico.
Since 2001, he has been president of Balch Exploration Consulting, a company that provides consulting services to major mining and junior exploration companies. From 2007 to 2015, Balch served as the president and a director of Canadian Mining Geophysics, a geophysical data recording company. He currently serves as vice-president of exploration for Canada Nickel.
Dr. Ed van Hees is a registered professional geoscientist with over 40 years of domestic and international experience working in, exploring for, and doing research on the origin and geochemistry of Orogenic gold deposits. He has worked as an exploration field geologist, mine geologist, exploration manager, consulting geologist, research scientist and professor of geology. Most recently, van Hees was employed as the Regional Resident Geologist responsible for the Timmins and Sault Ste Marie Mining Districts with the Ontario Geological Survey Resident Geology Program. Here he supervised the professional staff and authored / co-authored 7 Annual Reports of Activity and 10 Recommendations for Exploration between 2016 and 2020. Starting in 2019 he was employed as a professor for the Haileybury School of Mines where he has taught and helped develop seven geology, geochemistry, geophysics and environmental courses. From 2001 to 2015, van Hees was a professor of geology at Wayne State University in Detroit, Michigan, where taught core geology courses including mineralogy, petrology, structural geology and exploration / economic geology, as well as conducting research on the geochemistry and structural geology of orogenic gold deposits, and the geochemistry of metal pollution. In total, he has authored/co-authored 36 publications.
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Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the results of its Annual General and Special Meeting of shareholders held on February 22, 2023. (the " AGM "). At the AGM, the shareholders approved
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Toronto, Ontario TheNewswire February 22, 2023 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report on progress for a number of it's active projects.
Drill program commenced on Cere Villebon Property in Quebec;
IP Survey near completion on Kidd/Carnegie project in advance of proposed drill program
Cere Villebon Property, Quebec
A 2,500 meter drill program has commenced on the Company's Cere Villebon property which consists of 15 claims (483 hectares). The property is road and power accessible, located only 4 kilometers east of Highway 117, the highway that connects Montreal to Val d'Or.
The Cere Villebon property consists of pyrrhotite and chalcopyrite mineralization in fracture fillings hosted by ultramafic rocks in the metamorphic halo of the Freville Batholith. The copper, nickel and platinum group mineralization is located in two zones, the North and the South Zone.
Drilling and resource estimates done by the Groupe La Fosse Platinum Inc., in 1987, evaluated a historical resource of 421,840 tonnes grading 0.52% copper, 0.72 % nickel and 1.08 g/t combined platinum-palladium (Groupe La Fosse Platinum Inc., 1987 Annual Report). This estimate is historical in nature, non-compliant with the standards under NI 43-101- Standards of Disclosure for Mineral Projects , and therefore should not be relied upon. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and the Company is not treating this historical estimate as current mineral resources. These estimates should only be considered as an indication of the mineral potential of this property.
Diamond Drill Hole FV-87-1 drilled by LaFosse Platinum in 1987 into the North Zone intersected 27.38* meters of 0.70% nickel, 0.68% copper, 0.23 g/t platinum, 0.64 g/t palladium and 0.08 g/t gold including 7.65* meters of 0.94% nickel, 1.02% copper . (* Exact width not known at this time). As reported in the December 10, 2009 NI 43-101 Report prepared for St-Georges Minerals Inc and Lightwave Corp by Jean Sebastien Lavallee B.Sc., P.Geo. and Marc-Andre Cloutier, M. Sc. A., Geol. Eng.
Click Image To View Full Size
Figure 9: Cere Villebon North Zone showing location of DDH FV-87-1.
Historical exploration results disclosed in this news release are non-compliant with the requirements of National Instrument 43-101.
Kidd Creek Project
Line cutting has been completed on the Kidd Creek project with the IP survey near completion on 4 primary targets in Carnegie Twp in advance of a proposed 2000 meter drill program.
The Kidd Creek Project consists of a group of patents and claims including 50% held with 11530313 Canada Inc acquired from Explor Resources Inc in the vicinity of the Kidd Creek Mine, 24 km north of Timmins Ontario. The Kidd deposit is one of the largest volcanogenic massive sulfide ore deposits in the world, and one of the world's largest base metal deposits and lies within the Abitibi greenstone belt and is presently owned by Glencore.
Exploration of this area in the past was hindered by so many companies with small land packages. Over the years, Noble has been successful in assembling one of the largest land inventories in the vicinity of the Kidd Creek Mine.
Noble Minerals is finishing up strategic Induced Polarization surveys within 2 km of the Kidd Creek open pit on the Fly Creek Rhyolite. The target of the program is rhyolite intercalated with ultramafic rocks on an anticlinal structure. It is postulated that these rhyolites are the same age as the Kidd Creek mineralized rhyolites. Bleeker (1999)* proposed that faults that slice through the Kidd Creek mine fold have displaced the northern limb of the Kidd Creek Mine fold up to 2 km to the north and are interpreted to be time-stratigraphic equivalent. (See Figures 1 and 2).
In addition, the Fly Creek Rhyolite may be the faulted extension of the Chance Rhyolite where Texas Gulf previously intersected several drill holes containing lead, zinc and silver mineralization.
To the west Noble will be investigating, a property with Induced Polarization that lies within 600 meters and on the same stratigraphic horizon as the Chance mineralization and the Kidd Creek Mine.
* Bleeker, W., 1999. Structure, Stratigraphy, and Primary Setting of the Kidd Creek Volcanogenic Massive Sulfide Deposit: A Semiquantitative Reconstruction. Economic Geology Monograph 10, p. 71-121
Click Image To View Full Size
Figure 1: Exploration Model for the Kidd Creek Mine. Adapted from Morgan, L.A., and Schulz, K.J., (2012)*
* Morgan, L.A., and Schulz, K.J., 2012, Physical volcanology of volcanogenic massive sulfide deposits in volcanogenic
massive sulfide occurrence model: U.S. Geological Survey Scientific Investigations Report 2010–5070 –C, chap. 6, 8 p
Figure 2: Geological Map of the Kidd Creek Area showing Relation of Area Rhyolites to the Kidd Creek Rhyolite
Michael Newbury PEng (ON), a "qualified person" as such term is defined by National Instrument 43-101, has reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in the Timmins area and ~14,400 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, ~518 hectares in the Laverlochere Nickel, Copper, PGM property and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec. More detailed information is available on the website at www.noblemineralexploration.com .
Noble's common shares trade on the TSX Venture Exchange under the symbol "NOB".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-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: ir@noblemineralexploration.com
Copyright (c) 2023 TheNewswire - All rights reserved.
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Toronto, Ontario January 17, 2023 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report on several active exploration projects in Ontario and Quebec.
Additional sampling of the core in Nagagami Project hole NG-22-02 has identified a 61.0 metre* long mineralized zone that has an average grade of 0.554% Total Rare Earth Oxide (TREO) and 0.098% Nd 3 (includes both new and December 5, 2022, results);
Numerous exploration targets have been identified on Boulder Project near Hearst, Ontario. A total of 88 additional mining claim cells have been acquired to bring the total to 147 (single cell and multicell) claims;
Application has been made to the Quebec Government for a drill program on the Cere Villebon project;
A line-cutting and geophysical program is in progress on the Kidd Project in preparation for diamond drilling;
Isabelle Robillard has been commissioned to update a 43-101 report on the Buckingham Graphite Project;
A property has been acquired in Newfoundland from a local prospector. The property covers the northern extension of the Spruce Ridge Property where recent drilling intersected 51.00 metres averaging 1.69 grams of gold 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 of 1.75 g/t Au in SP21-08, 17.60 metres of 1.34 g/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 on the Company's Nagagami Property near Hearst, Ontario (see Figure 1), filled gaps between and around the 4.0 and 10.0 metre* long intercepts (reported December 5, 2022), such that a 61.0 metre*-long mineralized intercept is now recognized in the core. The 61.0 metre* long mineralized intercept contains an average of 0.554% Total Rare Earth Oxide (TREO) and 0.098% Nd 2 O 3 . The 61.0 metre* zone includes a 17.0 metre* long zone that has average TREO and Nd 2 O 3 grades of 0.665% and 0.118%, respectively. These grades are 20% higher than those of the 61.0 metre* intercept.
61.0 metre* intercept (between 373 and 434m) contains 0.554% Total Rare Earth Oxides and 0.098% Nd
Above intercept includes 17.0 metres* (between 380 and 397m) containing 0.665% TREO and 0.118% Nd
Two smaller intercepts containing 0.573 % TREO and 0.105% Nd over 4.0 metres* (between 528 and 532m) and 0.605 % TREO and 0.119% Nd over 7.0 metres (between 538 and 545m), were also discovered.
A slightly longer mineralized intercept also contains 0.24% Ce over 89.0 metres* (345 to 434m).
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/t of gold (comparison made using US$ REE + Gold prices reported by Kitco.com at 4 pm on January 13, 2022).
Additional work being undertaken on the Nagagami project would include; preparation for geophysical surveys to identify the distribution of rock units in the core of the carbonatite complex; studying the area around the property to identify a possible location for a new road to facilitate mobilizing a diamond drill onto the property via ground rather than using a helicopter; meetings with communities near Hearst to share Noble's planned exploration program; and lithogeochemical and mineralogical studies to characterize the wallrocks hosting the mineralized zone(s) and identify 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 drill project, please see:
https://www.youtube.com/watch?v=K69UH7RT9MY
Click Image To View Full Size
Figure 1: Location of Noble Minerals Drill Holes in the Nagagami Complex
Boulder Project
Noble Minerals has identified several exploration targets using the recently completed magnetic and electromagnetic airborne survey. Some targets were located on property adjacent to the existing Boulder Project property. Noble acquired 88 additional mining claims to cover geophysical anomalies near the existing land package (see Figure 2 below).
The next steps being taken to prepare for exploration on the Noble Minerals' Boulder Project property will include;
submitting an exploration permit application to the Ontario Mining Lands Administration System (MLAS) for the planned diamond drilling program;
organizing a prospecting program to explore for outcrop/boulders that could explain the geophysical targets;
follow up talks with surface rights owners above Noble's mining claims to arrange access for drill rigs to the exploration targets located on or near their properties;
and meetings in the communities near Hearst to open dialogue on the project.
Click Image To View Full Size
Figure 2: Boulder Project Claim Boundary with Magnetics and EM picks
Buckingham Graphite
Isabelle Robillard MSc. P. Geo has been commissioned to update 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 2016 for Ashburton Ventures. The author has also supervised the splitting and sampling of the core material for Ashburton.
Cere Villebon
Application has been made to the Quebec Government for a Spring 2023 drill program on the Cere Villebon project.
Drilling and resource estimates done by the Groupe La Fosse Platinum Inc on the North Zone in 1987 (see Figure 3) evaluated a historical resource of 421,840 tonnes grading 0.52% copper, 0.72 % nickel and 1.08 g/t combined platinum-palladium (Groupe La Fosse Platinum Inc., 1987 Annual Report).
This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and therefore should not be relied upon. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and these estimates should only be considered as an indication of the mineral potential of the Property.
Click Image To View Full Size
Figure 3: Cere Villebon North Mineralized Zone
Newfoundland Project
A property has been acquired in Newfoundland from a local prospector. The property covers the northern extension of the Spruce Ridge Property (see Figure 4) where recent drilling intersected 51.00 metres averaging 1.69 grams of gold 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 of 1.75 g/t Au in SP21-08, 17.60 metres of 1.34 g/t Au in SP21-11 and 21.00 metres of 2.06 g/t Au in SP21-14
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Figure 4: Newfoundland new Property in relation to Spruce Ridge Drilling and Property
Michael Newbury PEng (ON), a "qualified person" as such term is defined by National Instrument 43-101, has reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in the Timmins area and ~14,400 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~6,000 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, ~518 hectares in the Laverlochere Nickel, Copper, PGM property and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec. More detailed information is available on the website at:
https://www.noblemineralexploration.com/
Noble's common shares trade on the TSX Venture Exchange under the symbol "NOB".
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-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: ir@noblemineralexploration.com
Copyright (c) 2023 TheNewswire - All rights reserved.
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Toronto, Ontario TheNewswire - December 5, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report the discovery of rare earth mineralization during a recent drill program on the Nagagami Project northwest of Hearst, Ontario.
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Toronto, Ontario TheNewswire - December 2, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the closing of its previously announced (see the news release dated November 15, 2022) non-brokered private placement (the " Private Placement ") whereby it raised gross proceeds of $562,500 (before fees and expenses) through the issuance of 6,250,000 flow-through common share units (" FT Units ") priced at $0.09 per unit. Each FT Unit was comprised of one common share issued as a "flow-through share" as defined in the Income Tax Act (Canada) and designated as a flow-through common share (" FT Share ") and one-half non-flow-through common share purchase warrant, each full warrant being exercisable for three years for one common share in the capital of the Company at an exercise price of $0.11 per common share.
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Nickel plays a vital role in electric vehicle (EV) and battery manufacturing, a sector that sees rapid expansion year after year. Market research projects a growing nickel demand to reach 1.3 million metric tonnes per annum by 2030, as nickel content in electric vehicles increases to over 40 kilograms per car battery.
Despite its significant role in powering a global shift to greener energies, analysts also project an undersupply of nickel for the next several years due to decreasing production and a lack of new active mines. Mining companies operating high-grade nickel projects offer investors exposure to a market with great economic growth and success potential.
One such company is FPX Nickel (TSXV:FPX, OTXQB:FPOCF), focused on exploring and developing its wholly-owned advanced development-stage Tier 1 Baptiste project in the Decar Nickel District in central British Columbia. The company’s project developments demonstrate the Decar Nickel District’s potential to supply high-concentration nickel and cobalt sulfates suitable for the growing electric vehicle battery industry, as well as more traditional markets for nickel, such as stainless steel.
The Baptiste project leverages an existing 2020 PEA and mineral resource estimate. Together, these NI 43-101 compliant reports show the Baptiste project has the potential to become one of the world’s largest-scale, lowest-cost nickel producers. The positive geological interpretation of the Van target at the Decar Nickel District offers further blue-sky potential for the Baptiste project, potentially mimicking the successes of its geographic neighbors, such as New Gold’s (TSX:NGD, NYSEMKT:NGD) C$1.8 billion Blackwater Gold open-pit project.
FPX Nickel released an updated mineral resource estimate for the Baptiste Nickel project incorporating results from 2021's in-fill drilling program and is based on a new geological modeling approach and newly improved dike model, all of which contribute to significantly improved Davis Tube Recoverable (DTR) nickel grades. The 2022 mineral resource estimate includes total nickel and potential by-product elements, cobalt and iron. It reports a 6-percent DTR nickel grade increase in the indicated category and a 15-percent increase in the inferred category.
The Baptiste project presents FPX Nickel with the potential to produce refined nickel with a significantly lower carbon footprint than other sources of production in the global nickel industry. Recent leach testing of awaruite nickel concentrates produced from Baptiste achieved nickel recoveries of 98.8 percent to 99.5 percent in producing a high-purity chemical solution containing 69.4 to 70.1 g/L nickel.
FPX Nickel aims to build a carbon-neutral mining operation at the Baptiste project. In keeping with that goal, FPX Nickel, along with mining companies, such as Anglo American majority-owned (LSE:AAL,OTCQX:AAUKF) DeBeers, and the Government of Canada have co-founded a multi-university research program to study carbon capture and storage at mining sites.
The company completed a large-scale pilot test work, with results validating both the flowsheet and the 85 percent DTR nickel recovery assumed in the 2020 PEA. The company's current large-scale, three-phase metallurgical test work program, which has been ongoing since mid-2021, will conclude in the second quarter of 2023. The resulting dataset will support the completion of the Baptiste preliminary feasibility study.
Sufficient high-grade (> 65 percent nickel) awaruite concentrate was produced for downstream hydrometallurgical testing for the production of battery-grade nickel sulphate. The large-scale pilot test work validates the processing strategy for Baptiste, leveraging awaruite's ferromagnetism, high density, active surface properties, and very high nickel content.
Baptiste’s awaruite mineralization promotes a simple three-stage process and has the potential to be more efficient than the typical five-stage process required to convert sulphide and laterite ores into nickel sulphate. Rapid nickel extraction of more than 98 percent in 60 minutes is achieved under mild pressure leaching conditions with significantly lower equipment size/risk, power consumption, pressure and temperature requirements than typical high-pressure acid leach (HPAL) operations.
FPX Nickel’s management team consists of highly experienced capital markets and mining professionals, including Canadian Mining Hall of Fame member Dr. Peter Bradshaw, and veteran geologist Rob Pease.
The Decar Nickel District covers 245 square kilometers and is 80 kilometers west of the Mt. Milligan mine, central British Columbia. The property hosts the highly prospective Baptiste nickel project, which has the potential to become the world’s best development-stage nickel project. The asset is accessible via logging and paved road, with railway and hydropower nearby.
In February 2021, the company released results from initial field tests, demonstrating the potential for significant direct air carbon capture in the tailings on the property. “These exciting results mark an important step in our objective to develop Baptiste as the world’s first large-scale, carbon-neutral nickel operation,” commented FPX Nickel president and CEO Martin Turenne.
Baptiste hosts nickel-iron alloy mineralization, bulk-tonnage potential and open-pit nickel mining possibilities across its four primary targets. Exploration has also indicated resources at an average grade of 0.123 percent DTR nickel for 2.3 million tonnes and 391 million tonnes of inferred resources with an average grade of 0.115 percent DTR nickel.
Next Mine Consulting has been tasked to prepare an updated mineral resource estimate for the Baptiste project indicating a 6-percent DTR nickel grade increase in the indicated category and a 15-percent increase in the inferred category, a significant improvement in DTR nickel grade from the 2020 preliminary economic assessment (PEA) resource estimate.
In September 2022, the company completed a 2,504-meter step-out drilling program at its Van target in the Decar Nickel District. The completed holes stepped out aggressively from the initial discovery area, testing the potential for nickel mineralization up to 1 kilometer west of the holes drilled in 2021. Results from this drilling program were incorporated in the updated mineral resource estimate for the Baptiste Nickel project with total nickel and potential by-product elements, cobalt and iron.Martin Turenne is a senior executive with over 15 years of experience in the commodities industry, including over five years in the mining industry. He has extensive leadership experience in strategic management, fundraising, economic analysis, financial reporting, regulatory compliance and corporate tax. Turenne formerly served as CFO of First Point Minerals Corp. from 2012 to 2015 and in positions at KPMG LLP and Methanex Corporation. He is a member of the Canadian Institute of Chartered Accountants.
With more than 20 years in the industry, Andrew Osterloh is experienced in process engineering, plant metallurgy and project management. He was formerly the project director and head of studies for Fluor Canada, leading feasibility study work for large base metal assets. He was formerly project director and manager of studies for Fluor Canada, where he led feasibility studies for several large base metal assets in the Americas for Glencore, Freeport-McMoRan, Teck and Newmont. Osterloh is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Applied Science in mineral process engineering from the University of British Columbia.
J. Christopher Mitchell is a business consultant with more than 40 years of experience in the mineral industry. He previously served as senior vice-president of Viceroy Resource Corp., and executive vice-president and CFO of Orvana Minerals Corp. Mitchell holds an MBA and M.Sc. from the University of British Columbia and is a member of the Association of Professional Engineers of British Columbia. He is also a director of Endurance Gold Corp.
Dr. Peter Bradshaw is a geologist with more than 45 years of international mineral exploration experience in over 30 countries with Barringer Research, Placer Dome and Orvana Minerals. He is a member of the Canadian Mining Hall of Fame. Bradshaw’s key discoveries and project involvement include Porgera Gold Mine, Papua New Guinea; Kidston Gold Mine, Queensland, Australia; Misima Gold Mine, Papua New Guinea; Big Bell Gold Mine, Western Australia; Omai Gold Mine, Guyana; Decar Nickel Project, British Columbia, Canada; director of Aquila Resources; co-founder and first chairman of the Mineral Deposit Research Unit, University of British Columbia.
Rob Pease is a geologist with more than 30 years of experience in exploration, mine development and construction. He is the former CEO of Terrane Metals, acquired by Thompson Creek for C$650 million. Pease was also the former director of Richfield Ventures, acquired by New Gold for C$500 million. He is a director of Pure Gold Mining Inc. and Liberty Gold Corp.
William Myckatyn is a mining engineer with more than 34 years of experience in the mining industry. Myckatyn is the founder and CEO of Quadra Mining Ltd. He served as chairman and subsequently co-chairman of Quadra FNX Mining until its takeover in 2012. Prior to this, Myckatyn was chairman, president and CEO of Dayton Mining Corp., where he led the restructuring and merger with Pacific Rim Mining Corp. He was the former president and CEO of Princeton Mining and Gibraltar Mines Ltd. For over 17 years, he worked for various operations controlled by Placer Dome Inc. and its associated predecessor companies, including four separate mines in Australia and the Philippines. He is a director of San Marco Resources and OceanaGold.
Peter Marshall is a mining engineer with 30 years of experience in mine development and construction. Marshall was formerly VP of project development at New Gold and SVP project development at Terrane Metals. He has extensive mine development experience in central British Columbia, including completing the Blackwater gold project feasibility study and development, and early construction of Mt. Milligan copper-gold mine, acquired by Thompson Creek for C$650 million in 2010.
James Gilbert has more than 30 years of investment and transaction execution experience, with more than 20 years focused on the international mining and metals industry. Gilbert held senior management positions with Rothschild, Gerald Metals Inc. and Minera S.A., a private mining investment company. His experience covers mergers and acquisitions, debt and equity financing, off-take and specialty refining agreements, joint venture negotiations and strategic marketing. He was formerly director of AQM Copper Inc., acquired by Teck Resources in 2016.
Anne Currie is a recognized leader in the permitting of major Canadian mining projects, with over 30 years of experience in the private and public sector, including as a former senior partner with leading global consultancy Environmental Resources Management. She was British Columbia's chief gold commissioner, the chief regulatory authority for the Mineral Tenure Act., and has an exceptional track record in steering the environmental assessment and permitting processes for major mining projects in British Columbia, including for the KSM, Brucejack, Kemess Underground and Blackwater projects.
Dan Apai has over twenty years of mining industry experience in civil engineering and engineering management over a diverse range of projects. In his previous role as a principal civil engineer for Fluor Canada, he led the study and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources and Newcrest. Apai's technical expertise includes site layout, earthworks, water management, linear facilities (i.e., roads, powerlines, pipelines), and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Apai is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia.
Mineral exploration and development company NiCAN Ltd (TSXV:NICN) is pursuing a portfolio of highly prospective yet underexplored projects in known nickel belts in Manitoba, one of the top nickel-producing provinces in Canada.
As the world’s sixth largest nickel producer, Canada continues to be an important jurisdiction for nickel mining with an estimated 133,581 tonnes of nickel in concentrate produced in 2021.NiCAN’s promising land package in Manitoba has the potential of being well-positioned to meet the rising demand for nickel, largely driven by the developing electric vehicle (EV) market. Manitoba’s nickel deposits also contain copper, cobalt and PGMs as a valuable byproduct of production.
NiCAN’s flagship asset, the Wine project, is within the prolific Flin Flon-Snow Lake Greenstone Belt of Manitoba. The Pipy project, NiCAN’s second asset, is only 15 kilometers away from the world-class Thompson nickel deposit, indicating the project's potential.
NiCAN reported additional strong drill results from the Wine Project in Manitoba, including 8.6 meters of 2.22 percent NiEq from its 2022 reconnaissance diamond drilling program. The company also intersected new mineralization approximately 850 meters to the northeast of the Wine occurrence as part of its 2023 winter drilling program.
The Wine project is in close proximity to significant base metal projects, including Reed Lake Mine, Spruce Point Mine and the Rail Deposit. Furthermore, the Flin Flon-Snow Lake Greenstone Belt hosts dozens of other precious and base metal mines, indicating the potential for additional discoveries at the Wine project.
NiCAN’s Pipy project is underlain by the Pipe Formation, which hosts the renowned Thompson Nickel mines to the south. Despite its proximity to the Thompson mine, the asset has received minimal exploration attention since the 1960s, allowing NiCAN to apply modern technologies to capitalize on the untapped asset.
The company recently doubled its land position at the Pipy project. NiCAN has already compiled and corrected historical data and completed a UAV high-definition magnetometer survey.
Experienced mining executives lead NiCAN with expertise in exploration, project development, mining operations and financing mining assets. Additionally, the company’s board of directors brings additional expertise in international law and corporate financing. The team focuses on nickel projects in attractive and renowned jurisdictions for nickel exploration.
NiCAN’s flagship Wine project in Manitoba is located 50 kilometers southwest of Snow Lake and is near the Reed Lake mine, Spruce Point mine and Rail deposit. The asset has received minimal historical exploration yet produced significant results up to 20.37 meters of 1.3 percent nickel and 2.27 percent copper.
The Pipy project, in Manitoba, Canada, is targeting high-grade nickel sulphide mineralization similar to the mineralization at the Thompson T1 and T3 mines. The asset is underlain by the Pipe Formation, which hosts the nickel mineralization in the region and is located at or close to a significant flexure in the belt. The company is currently engaging with local Indigenous stakeholders and awaiting additional work permits.
Brad Humphrey has more than 25 years of international mining experience. Prior to joining NiCAN, Humphrey was CEO of QMX Gold, which was acquired by Eldorado Gold. Prior to QMX, Humphrey worked for Morgan Stanley as an executive director and North American precious metals analyst, where he was responsible for growing Morgan Stanley's North American gold research coverage. Humphrey was also a managing director and head of mining research at Raymond James and covered precious metal equities at CIBC World Markets and Merrill Lynch. Humphrey has held a variety of mining industry roles from contract underground miner to CEO. Humphrey is currently on the board of Black Swan Graphene.
Mike Hoffman is currently chair and director at 1911 Gold and a director of Velocity Minerals, Silver X Mining and Fury Gold. He is a mining executive with 35 years of experience including engineering, mine operations, corporate development, projects and construction. Hoffman also has direct northern Canadian mining experience, including operations and projects. He is the former CEO of Crowflight Minerals, Kria Resources and Crocodile Gold.
With more than 20 years of experience in senior financial management and reporting experience, Shaun Heinrichs is a chartered professional accountant with the Institute of Chartered Accountants of British Columbia, and holds a business degree from Simon Fraser University. His career began at Ernst & Young, and subsequently moved on to senior management roles in several public companies including as chief financial officer of Veris Gold Corp., a precious metals producer listed in Canada and the US, from 2008 to 2015, and as the CFO of VMS Ventures Inc. from 2015 to 2016. Heinrichs also served as a director of Veris Gold Corp from 2012 to 2013. Presently, Heinrichs is the CFO of Group Eleven Resources Corp., a zinc exploration company based in Ireland and 1911 Gold, a gold-focused exploration company in Manitoba.
Patrick Gleeson was a corporate lawyer in Canada for almost twenty years and has worked with Cassels, Brock & Blackwell LLP. He has taken public more than 40 companies and served as general counsel, director and executive officer for several listed companies, from start-ups to those with billion-dollar market capitalizations. Presently, Gleeson is the president and founder of St. Peter's Spirits, a socially conscious, adult beverage company producing drinks that “are rooted in the benefits of plants.” Prior to St. Peter's, Gleeson founded IR Battery Resources & Processing, which consolidated the Delta Kenty Nickel project in northern Quebec, organized the first exploration program at Delta Kenty in over 15 years, and ultimately sold the project to an international mining company.
Saga Williams has worked in Indigenous communities in government and corporate roles as legal counsel, in negotiations and governance, and as a strategic advisor, for more than 20 years. Williams has been on negotiation teams that have successfully settled more than $1 billion in agreements and has worked on Indigenous community engagement and negotiations to support national energy and mining projects. Williams teaches at Osgoode Hall Law School as an adjunct professor and supports student-led negotiations focusing on consultation, Indigenous rights and reconciliation. Over the last 25 years, she has held many non-profit board positions. Williams is Anishinaabe, a member of Curve Lake First Nation, and is currently an elected official for her community.
Dr. Mark Cruise is a professional geologist with more than 25 years of international mining experience. A former polymetallic commodity specialist with Anglo American plc, Cruise founded and was CEO of Trevali Mining Corporation. Under his leadership, the company grew from an initial discovery into a top-ten global zinc producer with operations in the Americas and Africa. He previously served as vice-president business development and exploration, COO and CEO for several TSX, TSXV, and NYSE-Americas listed exploration and development companies. Cruise is currently on the board of Velocity Minerals.
Stacey Pavlova is a finance professional with more than 10 years of experience in the mining industry in investor relations, finance and metal sales roles. Pavlova is currently the vice-president, investor relations and communications at Faraday Copper, a development-stage mining company with copper assets in Nevada and Arizona. Previously, Pavlova was the vice-president, investor relations and corporate communications at New Pacific Metals, and held various positions in investor relations, metal sales and treasury with SSR Mining, an intermediate precious metals producer. Pavlova is a chartered financial analyst and is a graduate of the University of Denver, where she completed a Master of Finance degree. Pavlova currently serves on the board of the Canadian Investor Relations Institute.
Cere Villebon Project:
A drill program and geophysical surveys has been completed on the Cere Villebon Project southeast of Val d’Or, Quebec. The program included 7 diamond drill holes for a total of 1,955 meters. Significant mineralization was encountered in holes 1 and 5. Analysis results of samples taken have been received for Hole 1.
H istoric drilling and resource estimates 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 (Groupe La Fosse Platinum Inc., 1987 Annual Report).
This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and therefore should not be relied upon. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and these estimates should only be considered has an indication of the mineral potential of the Property.
Significant mineralized sections from the current drill program are included in Table 1. The intermediate sections not initially sampled have been sampled and sent for analysis. Portable XRF readings have indicated similar mineralization from 188 to 228 meters downhole.
Figure 1: Pseudo-section in the Vicinity of Hole 1
Image 1: Drill core from Hole 1, 220.5m depth down hole.
Nagagami Project:
A 61 metre* long mineralized intercept from Hole NG-22-02 contains an average of 0.554% Total Rare Earth Oxide (TREO) and 0.098% Nd 2 O 3 . The 61 metre* zone includes a 17 metre* long zone that has average TREO and Nd 2 O 3 grades of 0.665% and 0.118%, respectively. These grades are 20% higher than those of the 61 metre* intercept.
The average Dy 2 O 3 , Nd 2 O 3, Pr 2 O 3 , and Tb 2 O 3 content of the 61 metre intercept is equivalent to 3.25 g/t of gold. ( This calculation was done with a gold price of US$ 2000/ounce.)
Additional work being undertaken on the Nagagami project include; geophysical surveys to identify the rock units in the core of the carbonatite complex; studying the area around the property to identify a possible location f(or a new road to facilitate mobilizing a diamond drill onto the property via ground rather than using a helicopter; meetings in communities near Hearst to share Noble’s planned exploration program with the public; and lithogeochemical and mineralogical studies to characterize the wallrocks that host the mineralized zone(s) and identify 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 drill project, please see:
https://www.youtube.com/watch?v=K69UH7RT9MY
Boulder Project:
Noble Minerals has Identified several exploration targets using the recently completed magnetic and electromagnetic airborne survey. (See figure 2 below).
Steps being taken to prepare for exploration on the Noble Minerals’ Boulder Project property include:
Figure 2: Boulder Location with possible up-ice source on magnetic background and EM picks (stars)
Buckingham Graphite Property:
The following was adapted from the April 11, 2023, report titled, Technical Report on the Buckingham Graphite Project, Buckingham Township, Quebec, Canada by Isabelle Robillard P,Geo, OGQ
The Buckingham Graphite Property of Noble Mineral Exploration fully deserves further investigation as several mineralized intersections were drilled over historical conductors. Three zones of interest were identified as follows:
A three phase work program is proposed:
The NI 43 101 Report will be posted on the Company’s website within the next 30 days.
Newfoundland Project:
The Newfoundland property covers the northern extension of the Spruce Ridge Property where recent drilling intersected 51.00 metres averaging 1.69 grams of gold 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 of 1.75 g/t Au in SP21-08, 17.60 metres of 1.34 g/t Au in SP21-11 and 21.00 metres of 2.06 g/t Au in SP21-14.
Figure 3: Newfoundland new Property in relation to Spruce Ridge Drilling and Property
Michael Newbury P.Eng. (ON), a “qualified person” as such term is defined by National Instrument 43-101, has reviewed the Ontario data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.
Mitch Lavery (OGQ), a “qualified person” as such term is defined by National Instrument 43-101, has reviewed the Cere Villebon data disclosed in this news release, and has otherwise reviewed and approved this technical information in this news release on behalf of Noble.
Isabelle Robillard (OGQ) a “qualified person” as such term is defined by National Instrument 43-101, has reviewed the Buckingham Graphite data disclosed in this news release, and has otherwise reviewed and approved this technical information in this news release on behalf of Noble.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in the Timmins area and ~14,400 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as its ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, its ~518 hectares in the Laverlochere Nickel, Copper, PGM property, all of which are in the Province of Quebec. More detailed information is available on the website at: https://www.noblemineralexploration.com
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-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: ir@noblemineralexploration.com