Noble Completes Drill Program on the Kidd2/Carnegie Project Near Timmins, Ontario

Noble Completes Drill Program on the Kidd2/Carnegie Project Near Timmins, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario February 6, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report that drilling has been completed on the Kidd2Carnegie Project. Five holes (1,692 meters) were drilled with helicopter support on various targets near the Kidd Creek Mine.

  • Noble Minerals, in a joint venture with 11530313 Canada Inc., completed the drill program with the help of a $200,000 Ontario Junior Exploration Program (OJEP) grant.

  • Research by Noble staff identified several targets for the drill program.

  • The Kidd2/Carnegie project is devoted to finding an extension of the Kidd Creek deposit.

  • The program was a technical success because it identified the geological horizon that hosts the Kidd Creek mineralization and encountered massive sulphides. Analyses of core samples found that they were generally non-economic.

Kidd2/Carnegie Project

The Kidd2/Carnegie Project consists of a group of patented and staked mining claims located north and northwest of the Kidd Creek Mine and 24 km north of Timmins, Ontario. The Kidd deposit, owned by Glencore, is one of the world's largest volcanogenic massive sulfide ore deposits that produces copper, zinc, and silver.

Exploration of this area in the past has been hindered by small land packages owned by various companies. 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 has completed strategic Induced Polarization surveys within 2 km of the Kidd Creek open pit on the Fly Creek Rhyolite. The target of the program was an anticlinal structure that contained rhyolite intercalated with ultramafic rocks. 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 deposit 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 Figure 1).

In addition, the Fly Creek Rhyolite might be a faulted extension of the Chance Rhyolite, where several Texas Gulf drill holes intersected lead, zinc, and silver mineralization.

To the west, Noble has used Induced Polarization to investigate a property that lies 600 meters along strike from the Chance mineralization. This stratigraphic horizon also runs through the Kidd Creek Mine.


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Figure 1: Geological Map of the Kidd Creek Area showing the relation of Area and Kidd Creek Rhyolites


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Figure 2: North Facing Geological Cross Section of the Kidd Creek mine (after Bleeker et al., 1999).


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Figure 3: Comparable Section on Noble property (located at 5395650m N on Figure 4). The yellow Chert unit and the red Volcanogenic Massive Sulphide (VMS) unit are thinner than they appear on the section. The green unit consists primarily of pillow and tuffaceous volcanic and gabbroic mafic rocks. The orange unit consists of felsic and intermediate tuffaceous and brecciated rocks. The purple units consist primarily of ultramafic rock. Copper (Cu) and Zinc (Zn) labels indicate areas where the drill

core contains more than 200 ppm of each metal over at least 1 m.

Figure 4: P lan showing the location of the chargeability anomaly and the drill holes. Yellow stars indicate mineralization encountered in previous drill programs.


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Figure 5: Massive Sulphide section encountered in Hole CB-23-01.


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Figure 6: Rhyolite Flow Breccia encountered in Hole CB-23-01.

Drill Program

The primary target of the drill program was an Induced Polarization chargeability anomaly located on the eastern half of the Noble Project Area "A" (see Figure 1) located about 2000 meters north of the Kidd Creek Mine. Figure 2 is an idealized cross-section through the Kidd Creek Mine, and Figure 3 is a section showing the location of the chargeability anomaly and the location of Hole CB-23-01 of the present drill program.

The near-surface geology of the Kidd Creek Mine is shown in the north-facing Geological Cross published by Bleeker, 1991 (Figure 2). A massive peridotite unit occurs at the stratigraphic base of the geological section (at the east end of the cross-section). This unit is overlain by a 250m thick rhyolite unit that contains various textures, including pyroclastic and breccia (Prior et al., 1999b; DeWolfe et al., 2018). The rhyolite unit is overlain by a sphalerite-chalcopyrite massive sulfide body up to 100m thick (on the section). The massive sulfide unit is overlain by graphite sediment, which is overlain by a silicified rock unit (bright yellow and labeled rhyolite) interpreted to be a chert unit (Figure 1). These sedimentary rocks are overlain by mafic volcanic rocks (see Figure 1 – green rock unit labeled as andesite on the west side of cross-section). The location of the massive sulfide deposit at the contact between the rhyolite and mafic rocks is consistent with the geological setting of many other volcanogenic massive sulfide (VMS) deposits.

The near-surface geology on Grid A (Figure 4) is shown in the north-facing Geological Cross constructed using the results from the Noble Minerals Induced Polarization survey (2021), Xplor Resources diamond drill hole log KC-16-04 and 3-D Borehole Pulse EM survey for hole KC-16-04, and Noble drill hole CB-23-01 (Figure 2). A massive, altered peridotite unit occurs at the stratigraphic base of the geological section (at the East end of the cross-section). This unit is overlain by a 1m thick massive sulfide unit (Figure 5), which is overlain by a 200m thick rhyolite unit that contains various textures, including pyroclastic and breccia (Figure 6). A 3 m thick rock unit overlies the rhyolite unit and is interpreted as a volcanogenic massive sulfide (VMS) body because it contains up to 20% pyrite plus pyrrhotite (from drill log KC-16-04). The presence of the massive sulfide body is supported by a 3-D Borehole Pulse EM survey for hole KC-16-04 completed by Xplor Resources (Crone, 2016) and zinc values that average 206 ppm (between 621 to 624m) and copper values that average 125 ppm (between 585 to 588m in ddh KC-16-04). The massive sulfide unit is overlain by a silicified rock unit interpreted to be a chert (Figure 3). The chert unit was 30 m long in drill hole KC-16-04 and is overlain by mafic volcanic rocks (see Figure 3 – green rock unit labeled as mafic on the west side of cross-section).

The geological cross-section on Parcel "A" is comparable to that in the Kidd Creek mine and is interpreted to indicate that the geology of Grid A is an on-strike extension of the Kidd Creek deposit.

Analyses received for Holes CB-23-01 to CB-23-03 have maximum values that are listed in the table below:

Hole #

Copper

Zinc

Lead

Silver

(ppm)

(ppm)

(ppm)

(ppm)

CB-23-01

359

291

31

1.5

CB-23-02

155

303

58

0.2

CB-23-03

164

1380

19

0.2

Analyses for Holes CB-23-04 and CB-23-05 are still pending.

The drill results will be assessed, along with additional trace elements and stable isotope geochemical analysis, and downhole EM geophysical testing, to try and identify additional exploration targets that warrant drill testing.

Vance White, President and CEO of Noble, said, "We are very pleased to complete this program with the support of the OJEP grant and our partners 11530313 Canada Inc. The drilling has given us important technical information that will be invaluable in the planning of future exploration programs here."

*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

Michael Newbury PEng (ON), a "qualified person" as defined by National Instrument 43-101, has verified 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 that, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp., and MacDonald Mines Exploration Ltd. It also has an interest in the Holdsworth gold exploration property in the area of Wawa, Ontario. It continues 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 also holds ~14,600 hectares in the Nagagami Carbonatite Complex and ~4,600 hectares in the Boulder Project near Hearst, Ontario. In addition, Noble has ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in a Havre St Pierre Nickel, Copper, PGM property, ~518 hectares in the Laverlochere Nickel, Copper, PGM property, all of these are in the Province of Quebec. More detailed information can be found on the Company's 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 preceding 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) 2024 TheNewswire - All rights reserved.

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Noble Reports on Canada Nickel Drilling Results from Mann Township

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - February 22, 2024 Noble Mineral Exploration Inc. ( "Noble" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report results form drilling completed by Canada Nickel Company Inc. (" Canada Nickel ") on the optioned Mann Twp properties, as reported in the Canada Nickel news release of February 22, 2024, copied below.  The Mann Twp properties that are the subject of the news release are subject to an Option and Joint Venture Agreement between Noble and Canada Nickel.  That agreement provides Canada Nickel the right to earn up to an 80% interest in the subject properties, with Noble retaining a 20% interest.  The results announced by Canada Nickel arise from exploration conducted by Canada Nickel in earning its up to 80% interest.

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(TheNewswire)

Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the " Private Placement "). (Please see Noble's news release of November 24, 2023.)  At this first tranche closing, Noble raised gross proceeds of $112,500 (before fees and expenses) through the issuance of 1,500,000 flow-through common share units (" FT Units ") priced at $0.075 per unit. Each FT Unit is 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 issued pursuant to the FT Units will be exercisable for two years for one common share of the Company at an exercise price of $0.125 per share. Noble may close subsequent tranches of the Private Placement

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(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario November 20, 2023 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report that mobilization has begun in preparation for a November 27 th start of a 2,000 meter drill program on the Kidd2Carnegie Project near Timmins, Ontario. As a result of the mild Fall and continuing wet conditions, it was decided to use helicopter support in placing and moving the drill. As freeze-up progresses the program will shift to a ground supported program from a helicopter supported drill program. This move will save money and allow for more meters of drilling to be completed.

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(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - November 6, 2023 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to give an update to ongoing exploration projects.

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(TheNewswire)

Noble Mineral Exploration Inc.

Company Exploration Update

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western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the appointment of Mr. Sandeep Singh as Chief Executive Officer of the Company, effective immediately.  Mr. Singh will work closely with Dr. Paul West-Sells who will continue in the role of President in connection with the succession process. Further, Mr. Kenneth Williamson has retired from his role as Director and Interim Chairman.  Current board member, Dr. Bill Williams has taken on the role of Interim Chairman as the Company searches for a replacement.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

As a highly respected mining professional with 20 years of sector expertise, Mr. Singh adds meaningful capital markets and strategic expertise to the Company. He was previously the President and CEO of Osisko Gold Royalties, where he led the successful turnaround of the company. For the fifteen years prior, Mr. Singh was an investment banker focusing on the North American metals and mining sector with BMO Capital Markets, Dundee Securities, and ultimately co-founding Maxit Capital, a leading independent M&A firm. He has advised numerous mining companies on financing alternatives and strategic matters as well as having acted on some of the most complex and value-enhancing M&A transactions in the mining sector. Mr. Singh holds a Bachelor of Mechanical Engineering degree from Concordia University and a Masters of Business Administration degree from Oxford University .

Dr. Bill Williams , Interim Chairman, commented "The Board would like to thank Ken for his dedication, and contributions to the Company. We wish him the best as he focuses his energy on his family and retirement. I'd also like to commend Paul on playing an active role in the succession planning efforts that led to the appointment of Mr. Singh. Paul has been the driving force behind the Casino project since the very beginning and we are hopeful he will continue to play an important role as we build out the management team necessary for the next phases of the Company's growth.

The Board is delighted to have someone of Sandeep's caliber joining the team. Throughout his impressive career, he has shown a dedication to stakeholder value, above all else, and will be aligned with shareholders through a significant personal investment into the Company. With Sandeep's addition, we are strengthening the Company's management capabilities to better unlock the value potential of the Casino project."

Mr. Singh commented "I see tremendous value in Casino as one of very few viable assets in the copper-gold development space. Casino strikes a unique balance of important scale, attractive commodity mix, low jurisdictional risk, and quick payback through the higher-grade core of the deposit. The credible data, underpinning a thorough feasibility study, and remaining upside from additional resources or optimizations to the project provide tangible upside potential. I am excited to be joining the Western Copper and Gold team at a pivotal time for the Company."

The Company also announces a C$3 million private placement (the "Placement") with Mr. Singh for the purchase of 2.22 million common shares at a price of C$1.35 per common share. The closing of the Placement is subject to entering into a customary subscription agreement and the receipt of approvals of the Toronto Stock Exchange and the NYSE American LLC. The shares issued pursuant to the Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws.

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Dr. Bill Williams "

Dr. Bill Williams
Interim Chairman
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: strengthening the Company's management capabilities to better unlock the value potential of the Casino project, the remaining upside from additional resources or optimizations to the project and the expected closing of the Placement; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-appoints-sandeep-singh-as-ceo-302069363.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/22/c1847.html

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About Osisko Metals

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Highlights

  • A new discovery, Mann Central, successfully delineated across 2.5 kilometre strike length by six holes
  • Three additional drill holes at previously announced Mann Northwest discovery, extended mineralization across a 2.7 kilometre strike length
  • Mann Northwest and Mann Central are two of five targets (others are Mann Southeast, Newmarket and Reaume) each with a geophysical footprint larger than Crawford, and a combined strike length of over 25 kilometres

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce the final set of assay results from its initial exploration program at the Mann Property, a joint venture with Noble Mineral Exploration Inc. ("Noble") whereby Canada Nickel can earn an 80% interest by completing certain cash and share payments and exploration expenditures (see original press release dated November 22, 2021 ).

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