Toronto, ON – TheNewswire – July 20, 2022 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV: NOB), (FRANKFURT:NB7), (OTC:NLPXF) is pleased to report on the progress of a number of its active projects.
Township of Calder-Lennox, Ontario (4,800 ha)
A three-hole, 1500m drill program has been mobilized on the Company’s Calder-Lennox property. The drill target is a 3.5 km conductive zone which does not appear to have been tested in the past. Drilling is expected to continue through August with results expected in early October. (see Figure 1)
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Figure 1: Conductive area (round dots) on magnetic background.
Buckingham Graphite Project, Quebec (3,700 ha)
The crews have completed Phase 1 of the planned surface exploration program. The work included visual prospecting as well as a surface conductivity survey (Beep Mat). New graphite mineralization has been located and samples taken. The results of the sample analyzes are expected in early September.
Nagagami Carbonatite Niobium and Rare Earths Project, Ontario (14,000 ha)
Consultations are progressing with Constance Lake First Nation (CLFN) and it is expected that Noble and CLFN will enter into an exploration agreement in the near future. An early exploration permit has been received from the province and helicopter-assisted drilling is expected to begin in September.
The Cousineau Boulder Project, Ontario (4,500 ha)
An airborne magnetic-electromagnetic survey by helicopter is expected to be completed in July/August.
Island Pond property, central Newfoundland (14,400 ha)
The works will include a airborne magnetic-electromagnetic survey by helicopter, expected to be completed in August/September
Cere Villebon, Quebec (483 ha)
A visit was made to Céré Villebon in June. Historic drill holes have been located. Historical mineralization does not appear to be coming to the surface, so no mineralized trenches or outcrops have been located.
Laverlochere, Quebec (518 ha)
The Laverlochère property was also visited and reported, historical mineralization was sampled. Samples have been submitted to the lab with results expected in early September
The historical exploration results disclosed in this press release do not comply with the requirements of National Instrument 43-101.
Wayne Holmstead PGeo (ON), a “Qualified Person” as that term is defined by National Instrument 43-101, has reviewed the data disclosed in this press release, and has otherwise reviewed and approved the technical information contained herein. press release on behalf of Noble.
About Noble Mineral Exploration Inc. :
Noble Mineral Exploration Inc. is a Canadian junior exploration company which, in addition to its interests in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the Wawa area of Ontario, will continue to hold mineral rights to ~36,400 hectares, in the Timmins-Cochrane region of northern Ontario, in which Noble has acquired a 50% interest in 7 patents and 310 tenure-identified mining claims totaling approximately 6,600 ha in the Carnegie Townships, Kidd, Wark and Prosser and an option for 4,800 ha in Calder Township. known as Project 81, plus approximately 11,000 additional hectares in the Timmins area. Project 81 contains diversified exploration-ready targets for gold, nickel-cobalt and base metals at various stages of exploration. It will also hold its recently acquired ~14,600 hectares in the Nagagami carbonatite complex near Hearst, Ontario, and ~14,400 hectares of mining claims in central Newfoundland. In addition, it holds mining rights to ~3,700 hectares in the Buckingham Graphite property, ~518 hectares in the Laverlochere Nickel, Copper, PGNM 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.
The common shares of Noble trade on the TSX Venture Exchange under the symbol “NOB”.
Neither the 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 of the information contained herein.
The foregoing information may contain forward-looking statements regarding the future performance of Noble Mineral Exploration Inc. Forward-looking statements, particularly those regarding 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 Company’s filings with the TSX Venture Exchange and securities authorities. 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.
H. Vance White, President
E-mail: [email protected]
Investor Relations: [email protected]