Noble Minerals Discovers Rare Earth Mineralization on the Nagagami Project, Hearst, Ontario

Noble Minerals Discovers Rare Earth Mineralization on the Nagagami Project, Hearst, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

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.

  • Anomalous values of rare earth metals encountered throughout hole NG-22-02

  • High values of 0.36% Ce and 0.12% Nd

  • 0.53% Total Rare Earth Oxides (TREO) over 4.0 metres plus a separate zone of 0.48% over 11.0 metres*.

  • TREO values above include 0.090% Nd over 4.0 metres* plus 0.087% Nd over 11.0 metres*.

Analyses have been received for the Company's Nagagami Project near Hearst, Ontario. A total of 1,302 meters were drilled in two vertical holes to test the theory that Rare Earth Element ("REE") and Niobium ("Nb") mineralization could be found in the Nagagami Carbonatite Complex. The target of the drilling was a magnetic low in the centre of the Nagagami Complex that is geologically comparable to niobium- and rare earth-bearing complexes discovered and mined elsewhere. The St Honore, (Niobec) Carbonatite in Quebec is such a complex that is mining separate REE- and Nb-bearing zones.

The Nagagami carbonatite complex is not exposed in outcrop on the property because it is covered by overburden and Paleozoic sediments. That requires geophysical data be used to place the drill holes.

Although anomalous REE values were encountered in both holes, the best results were obtained from Hole NG-22-02.:

  • 408.0 to 412.0 metres*, 0.53% Total Rare Earth Oxides (includes 0.090% Nd ) and

  • 417.0 to 427.0 metres*, 0.48 % Total Rare Earths Oxides (includes 0.087% Nd ).

The 5 metre core interval between these two intersections has not been sampled but is expected to generate similar values because it consists of the same rock type. That would extend the mineralization to a core length of 20 metres*. Additional sampling of the 5 metre interval and core elsewhere in the hole is scheduled to be completed in December.

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

This result is a new discovery which has not been explored previously. The extent of the zones has not been established at this time, however the company controls about 150 km 2 of potential ground.

The best niobium (Nb) intersection was also encountered in Hole NG-22-02 (155 metres below REE values):

  • 582 to 587 metres*, 0.05% Niobium (Nb) (150

*true width not known at this time

Although this niobium result was lower than anticipated, geological evidence indicates that carbonatite complexes tend to be zoned and the location of REE mineralization does not necessarily coincide with the Nb-bearing zones. The St Honore deposit in Quebec has both a rare earth zone (REE) and a separate niobium (Nb) zone.

Vance White CEO Noble Minerals commented: "We are very pleased to have found rare earth mineralization in the second hole of a test drill program.  The potential target area is 150 square kilometres, and, to date, we have only explored about 1 square kilometre. We have a lot of work to do."

Uses of Rare Earth Minerals

Manufacturing permanent magnets is the largest global use of REE's accounting for 29% of forecasted demand. China presently leads the market by producing 140,000 tonnes of REE's in 2020. This amount accounts for almost 60% of global production. The Global rare earth market is projected to grow from current USD 5.3 billion to USD 9.6 billion by 2026.

("Nd, Pr") Neodymium and Praseodymium – Power the strongest types of rare earth magnets which enable the conversion of electrical energy into motion via permanent-magnet motors. Permanent magnets are an essential component of electric vehicles and modern electronics including, cell phones, televisions, computers, and automobiles and more robust commercial applications.

For a video on the Nagagami drill project, please see:

https://www.youtube.com/watch?v=K69UH7RT9MY

Historical exploration results disclosed in this news release are non-compliant with the requirements of National Instrument 43-101.

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:

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) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

NOB:CA
Noble Mineral

Noble Mineral Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Noble Mineral Exploration

Noble Mineral


Keep reading...Show less
Noble and Canada Nickel Announce Spin-out of Mann Twp JV and Acquisition of Eastern Exploration Properties

Noble and Canada Nickel Announce Spin-out of Mann Twp JV and Acquisition of Eastern Exploration Properties

(TheNewswire)

Noble Mineral Exploration Inc.

Highlights

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Minerals Initiates Temporarily Delayed Drill Program in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

Noble Minerals Initiates Temporarily Delayed Drill Program in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - July 2, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that after a delay due to inclement weather, Noble is now ready to initiate their drill program.  Extreme hot, dry weather in mid June gave way to thunderstorms and in some cases tornadoes.  Noble was concerned with potential forest fire risk and the health and welfare of their workers.  With the coming of more stable weather in July, the company is now ready to start the drill program.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Minerals Initiates Temporarily Delayed Drill Program in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario.

Noble Minerals Initiates Temporarily Delayed Drill Program in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario.

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - July 2, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that after a delay due to inclement weather, Noble is now ready to initiate their drill program.  Extreme hot, dry weather in mid June gave way to thunderstorms and in some cases tornadoes.  Noble was concerned with potential forest fire risk and the health and welfare of their workers.  With the coming of more stable weather in July, the company is now ready to start the drill program.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Acquires Mann Twp Claims and Spruce Ridge Units, and Agrees to Purchase Interest in Carnegie Twp Claims

Noble Acquires Mann Twp Claims and Spruce Ridge Units, and Agrees to Purchase Interest in Carnegie Twp Claims

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - June 11, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to provide the following updates:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Minerals Plans to Drill in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

Noble Minerals Plans to Drill in proximity to the Location of a 140 kg, Mineralized Boulder Found near Hearst, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - May 28, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTCQB:NLPXF) is pleased to announce that the company has plans to execute a drill program on 214 claims in Way Township commencing in mid-Jine. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km. The drill program follows geophysical surveys done to identify targets that may be the source of the mineralized boulder. The recent geophysical program was partially funded by the Ontario Junior Exploration Program and application has been made to the same program to fund the drill program. The Program will fund up to $200,000 on a $400,000 exploration program.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Significant Citizen Interest in the Immersive Workshop

Significant Citizen Interest in the Immersive Workshop

Falco Resources Ltd. (TSX-V: FPC) (" Falco " or the " Corporation ") is delighted with citizen participation in the immersive public workshop which was held on July 17 th at the Rouyn-Noranda Convention Center. The population was invited to experience sound and vibration simulations and meet acoustics experts.

In addition to explaining the sound and vibration phenomena that surround us, the evening aimed to collect the concerns, understandings and proposals for improvement formulated by citizens regarding Falco's Horne 5 Project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
World Copper Establishes At-The-Market Equity Program

World Copper Establishes At-The-Market Equity Program

Amends Loan Extension Agreement

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the Company has established an at-the-market equity program (the "ATM Program") that allows World Copper to issue and sell common shares from treasury ("Common Shares") having an aggregate gross sales amount of up to $25 million to the public, over an approximately two (2) year period (subject to earlier termination as described below), from time to time through BMO Capital Markets (the "Agent"), as sole agent. Sales of the Common Shares under the ATM program will be made pursuant to the terms and conditions of an equity distribution agreement (the "Distribution Agreement") dated July 17, 2024, entered into between the Company and the Agent.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Highlights:

  • First of seven new nickel resources expected to be published by end of the first quarter of 2025 demonstrating the potential scale of the Timmins Nickel District
  • Initial Deloro indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel
  • Seven exploration rigs currently drilling across the Timmins Nickel District

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource for its 100% owned Deloro Nickel Sulphide Project ("Deloro") near Timmins, Ontario .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Heritage Mining Reports Successful SGH Orientation Survey

Heritage Mining Reports Successful SGH Orientation Survey

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Trident Royalties PLC Announces Update on Scheme Timetable

Trident Royalties PLC Announces Update on Scheme Timetable

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Trident Royalties PLC

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Prismo Metals Secures Permit Approval for Deep Drilling Program at Hot Breccia Copper Project in Arizona

Prismo Metals Secures Permit Approval for Deep Drilling Program at Hot Breccia Copper Project in Arizona

Prismo Metals Inc. (the "Company") (CSE:PRIZ)(OTCQB:PMOMF)(FSE:7KU) is pleased to announce that it has received permit approval from the Bureau of Land Management ("BLM") for ten drill pads, at the Hot Breccia copper project in Southern Arizona

The drill pads will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular the large conductive anomaly identified by Prismo's 2023 ZTEM survey. Ground mapping, prospecting and sampling conducted earlier this year has supported the targeting process and target selection.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noble Mineral

Noble Mineral Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×