Toronto, Ontario TheNewswire – October 29, 2024 Noble Mineral Exploration Inc. ( “Noble” or the “Firm” ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is happy to announce that Part 1 drilling on the 214 claims in Method Township (Boulder Undertaking) has been accomplished. The claims lengthen from about 4 to fifteen km southwest of the city of Hearst, Ontario. The property space is equal to roughly 4,500 hectares or 45 sq km. The aim of the Part 1 drill program was to establish the character of the until and bedrock geology within the neighborhood of the mineralized boulder discovery. This was vital since about 90% of the property is glacial until coated.
Traditionally, a pattern of a metalliferous boulder, dropped at the Timmins Mining District Regional Resident Geologist in 2019 by a Mr. A. Cousineau, was submitted for chemical evaluation to Geolabs in Sudbury to ascertain its metallic and mineralogical make-up. Geolabs decided that the boulder contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/t of silver, 3.79 g/t of gold; 4.43 g/t of palladium; and a couple of.22 g/t of platinum and consisted primarily of cuprite (van Hees et al., 2020).
In 2021, Noble launched a floor exploration program to in an effort to establish the supply of the boulder. Basal until samples collected from two fences of hand auger holes, situated about 100 m and 1 km north of the boulder, produced 35 gold grains . In 2022 an airborne geophysical survey was flown over the property adopted by a floor geophysical survey in November/December 2023.
The Part 1 drill holes had been focussed within the neighborhood of the boulder location to be able to higher perceive the bodily and fault associated geology as outlined by geophysics achieved within the Fall of 2023. The info collected within the Part 1 drill program is within the means of being evaluated.
Induced Polarization (IP) surveys carried out in 2024 recognized a number of anomalies, situated instantly north and northwest of the copper boulder discovery web site. These IP and close by magnetic anomalies coincide with the placement overburden drill holes that produced gold grains within the overlying until.
Part 2 drilling will probably be focussed on these varied chargeability and conductive anomalies detected through the current floor and airborne surveys and can possible begin in 2025.
The 2024 drill program was partially funded by OJEP (the Ontario Junior Exploration Program) sponsored by the Ontario Authorities whereby 50% of the accredited exploration bills for the challenge will probably be refunded again to Noble.
Determine 1: Picture of the Cousineau Boulder
References:
van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.Ok. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Actions 2019, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6366, 160p.
The Lucas Township Gold Undertaking
The Lucas Township Gold Undertaking is a drill-ready challenge situated roughly 30 km north of Timmins, Ontario.
In 2018 Noble accomplished 15 NQ dimension diamond drill holes totaling 3,184 meters masking roughly 650m strike size of the 1700m Gold Mineralized construction/development recognized from 2012 and 2018 Airborne Electromagnetic and Differential Magnetic Surveys. Noble situated 37 historic drill-hole collars within the discipline and twinned three of those historic drill holes. No additional work has been achieved since 2018.
The Undertaking has 6 discrete IP anomalous developments which require follow-up exploration. Just one development (Anomaly A, Determine 2, Desk 1) has been investigated by diamond drilling to this point. Gold mineralization is interpreted to be structurally managed and happen as discrete lenses stacked throughout the pyrite plus gold mineralized tuffaceous unit.
Future work will embody additional drilling on the IP Anomaly A to additional outline the recognized gold mineralization. As well as, testing the opposite 5, undrilled, IP anomalies to check for gold mineralization just like that present in Anomaly A.
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Determine 2: Plan of Induced Polarization Zones Projected to Floor with Collars of 2018 Drilling and Magnetic Background
Desk 1: Gold Intersections from Noble’s 2018 Drill Program (True width not recognized presently)
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Holdsworth Gold Undertaking
The Wawa-Holdsworth Undertaking is situated 3 km north of the city of Hawk Junction and 20 km northeast of the city of Wawa in Corbiere and Esquega Townships, Ontario and includes 18 contiguous fee easy absolute patented claims masking roughly 285 hectares. The property has year-long street entry in addition to quick access to different infrastructure together with rail, street, electrical energy, labour power and suppliers.
Historic work has outlined three gold targets on the Wawa Holdsworth Undertaking (Determine 3 ) :
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1) the Soocana Quartz Vein System
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2) large Pyrite Zones with an oxidized cap
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3) black granular oxide zone known as the “Oxide Sands”
The Soocana Vein System was examined throughout 4 separate drill packages carried out between 1931 and 2008. Outcomes from these drill packages indicated a strike size of 750 metres for the vein system.
Chosen channel sampling outcomes throughout a 51-meter strike size of this vein averaged 14.7 g/t Au in widths starting from 0.5 to 1.5 meters. The most recent drilling was achieved by Noble Minerals in 2008 (Desk 2)
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Determine 3: Gold Zones on the Holdsworth Property
Desk 2: Noble Minerals 2008 Drill Program on the Soocana Vein System (True width not recognized presently)
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The large Pyrite Zones seem like shaped in a sulphide iron formation and represents a definite gold goal. The sulphides exhibit shearing and type steeply 5 dipping east-west trending lenses distributed alongside a mafic/felsic metavolcanic contact over an outlined strike size of two.2 km. Preliminary drilling between 1918 and 1930 focussed on the sulphur content material of the Pyrite Zones whereas the exploration packages of the Nineteen Eighties acknowledged a gold affiliation. Seven drill holes in Pyrite Zones contained assays that different from nil to comparatively broad sections gold bearing materials, the perfect being 0.85 g/t over 11.83 metres in a 1988 drill gap (Reed Lake Exploration Ltd.). One other gold intersection of 5.18 g/t gold over 1.5 metre was additionally obtained in a sericite-altered shear zone within the hanging wall of this zone.
The Oxide Sands are believed to be the product of the weathering of the gold bearing large pyrite zones described above. Detailed exploration work and systematic sampling of the Oxide Sands was undertaken by Noble Minerals over a strike size of 332.5 metres. At this location, the place samples reached a depth of at the least 8 meters, the common gold grade was 3.45 g/t and the common silver grade was 29.99 g/t. Different recognized zones within the Oxide Sands stay to be examined intimately since they weren’t geologically outlined or sampled. The spatial affiliation between the Oxide Sands and the Pyrite Zones point out that the two.2 km-long strike-length is potential for gold. Preliminary gold restoration exams carried out by Welch and SGS Lakefield on Oxide Sands materials indicated gold recoveries starting from 69% to 98.7 % for composite samples and from 45.6% to 89.8% for particular person samples after a 48-hour agitated cyanide leach with out pattern crushing.
A mannequin is at the moment being studied to be able to effectively extract the gold and silver from the Oxide Sands.
The Dargavel Property is accessed from Timmins by travelling roughly 60 km north on
Freeway 655 after which utilizing a maintained unmarked logging street. The challenge is situated
inside 250 to 700 m of a logging street.
First recorded exploration within the space, started with the Worldwide Nickel Firm drilling 14 holes from 1964 to 1966, together with gap 25013 which intercepted 3.06 g/t Au over 1.43 m at 65.62 meters depth. (see Desk 3 and Determine 4)
From 1981 to 1982, Hudbay Mining Restricted flew airborne EM surveys, following up on a number of
anomalies with drilling. Hudbay drill examined these anomalies with 3 drill holes within the Dargavel
space (Ok-81-1, Ok-81-3, and Ok-81-4). A NW-SE trending lengthy linear conductive characteristic was
attributed to an iron formation unit and drill examined, intercepting some pyrrhotite and pyrite
mineralization. One other drill gap testing a conductor intersected 0.96% Zn over 1.70 m.
Chevron Canada Assets Restricted flew airborne EM surveys and carried out IP surveys from 1984 to 1985. Chevron additionally carried out a drill program throughout this era with the Ok-84 and Ok-85 sequence drill holes. Gap K84-3 intercepted 7.1 g/t Au over 2.0 m at 72.0 m depth and three.8 g/t Au over 2.1 m at 319.0 m depth; gap K85-9 intercepted 1.2 g/t Au over 1.0 m at 129.0 m depth. (see Desk 3 and Determine 4)
Desk 3: Historic Drilling Outcomes on the Dargavel Property (True width not recognized presently)
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Determine 4: Location of Historic Drilling
In 2011, Noble Mineral Exploration acquired the P81 Property from Abitibi Bowater Canada Inc. Noble carried out regional helicopter airborne EM and magnetic surveys over varied areas of the property in November 2011.
In 2020 Noble accomplished a 6-hole diamond drill program totaling 1390.5 m on the Dargavel
Property. The aim of the drill program was to comply with up on historic anomalous gold values in
drill holes accomplished by INCO of their 1964 to 1966 drill campaigns and Chevron of their 1984
to 1985 drill campaigns. Along with take a look at new potential areas primarily based on the newest geological
and geophysical interpretation. (see Determine 5 and Desk 4)
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Determine 5: Outcomes of Noble 2020 Drill Program (True width not recognized presently)
Desk 4: Outcomes of Noble 2020 Drill Program (True width not recognized presently)
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In early 2022 Noble contracted NPLH Drilling to finish a 5-hole (and 1 deserted gap) diamond drill program totaling 1253 m on the Dargavel Property. All samples collected from the drill core had been submitted to Activation Laboratories Ltd Timmins (Actlabs) for evaluation. A complete of 291 samples had been taken together with 10 Requirements and 6 Blanks.
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Determine 6: Location of Noble 2022 Drill Holes
Desk 5: Outcomes from Noble 2022 Drill Program
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The Lucas Township Gold Property, Holdsworth Gold Property and the Dargavel Gold Property can be found for three way partnership or choice. For data contact Vance White (contact data on the finish of this press launch.
Wayne Holmstead P.Geo (ON), a “certified individual” as outlined by Nationwide Instrument 43-101, has verified the info disclosed on this information launch, and has in any other case reviewed and accredited the technical data on this information launch on behalf of Noble.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration firm which, along with its shareholdings in Canada Nickel Firm Inc., Homeland Nickel Inc., Go Metals Corp. and Lode Gold Assets Inc . , and its curiosity within the Holdsworth gold exploration property within the space of Wawa, Ontario, will proceed to carry ~25,000 hectares of mineral rights within the Timmins-Cochrane areas of Northern Ontario generally known as Undertaking 81, in addition to a further 20% curiosity in ~11,000 hectares within the Timmins space and ~175 hectares of mining claims in Central Newfoundland. Undertaking 81 hosts diversified drill-ready gold, nickel-cobalt and base metallic exploration targets at varied levels of exploration. It is going to additionally maintain its ~14,600 hectares within the Nagagami Carbonatite Complicated and its ~4,600 hectares within the Boulder Undertaking each close to Hearst, Ontario, in addition to ~3,700 hectares within the Buckingham Graphite Property, ~10,152 hectares within the Havre St Pierre Nickel, Copper, PGM property, and ~482 hectares within the Cere-Villebon Nickel, Copper, PGM property, all of that are within the province of Quebec. Extra detailed data is on the market on the web site at:
www.noblemineralexploration.com .
Noble’s widespread shares commerce on the TSX Enterprise Trade underneath the image “NOB”.
Cautionary Assertion:
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch. No inventory change, securities fee or different regulatory authority has accredited or disapproved the data contained herein.
The foregoing data could include forward-looking statements referring to the long run efficiency of Noble Mineral Exploration Inc. Ahead-looking statements, particularly these regarding future efficiency, are topic to sure dangers and uncertainties, and precise outcomes could differ materially from the Firm’s plans and expectations. These plans, expectations, dangers and uncertainties are detailed herein and infrequently within the filings made by the Firm with the TSX Enterprise Trade and securities regulators. Noble Mineral Exploration Inc. doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not on account of new data, future occasions or in any other case.
Contact: H. Vance White, President
Telephone: 416-214-2250
Fax: 416-367-1954
Electronic mail: data@noblemineralexploration.com
Investor Relations: ir@noblemineralexploration.com
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