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Drill Program accomplished on the Mann and Reaume Properties, a part of the Noble Minerals-Canada Nickel Joint Enterprise (ExploreCo)
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Mann Central Property: Drill outcomes embody 223 meters of 0.29% nickel together with 10 meters of 0.51% nickel
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Mann West Property: Drilling efficiently delineated mineralization over a 1,700 meter strike size and 600 meters width
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Reaume Property: Drilling indicated an improved nickel grade
Toronto, Ontario – September 11, 2024 – TheNewswire – Noble Mineral Exploration Inc. ( “Noble” or the “Firm” ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is happy to announce outcomes of a drill program on three way partnership properties (ExploreCo) north of Timmins Ontario (See Canada Nickel Press Launch dated September 10, 2024).
ExploreCo, the title of which can be introduced in the end, will management 1,989 mining claims totaling roughly 42,000 hectares and can embody nickel properties in Mann, Newmarket, and Reaume Townships in addition to Calder, Galna, McCool, Moody, Mortimer, Stimson, and different properties presently held by Canada Nickel (see Determine 1, ExploreCo properties proven in purple).
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Determine 1: Regional Map of ExploreCo Properties (purple)
Beneath the Binding Letter of Intent, the primary $5 million of funding for ExploreCo can be supplied from present funds by Canada Nickel, after which prices can be funded by professional rata possession foundation, which is able to initially be 80% Canada Nickel and 20% Noble. Canada Nickel and Noble will proceed to take care of their present royalty rights on the ExploreCo claims, as will earlier declare homeowners who had vended claims to Noble. (see NR July 8, 2024)
Mann Property
The Mann property is positioned 22 kilometers east of Crawford, 20 kilometers south of Cochrane, and 45 kilometers northeast of Timmins. The property hosts a collection of ultramafic rocks which can be regarded as folded and faulted alongside a near-continuous 21-kilometre strike size. The ultramafic rocks proceed to the southeast into Newmarket Township. The Firm is presently conducting a drill program that has recognized targets in 4 areas inside Mann Township, Mann North, Mann West (collectively previously Mann Northwest), Central and South.
Mann Central
The define of the ultramafic physique is estimated by magnetics to be 4.5 kilometers lengthy and between 0.5 to 1.0 kilometers vast (or 3.1 sq. kilometers). Drilling at this goal began in June 2024 and consisted of an preliminary exploratory part that included 24 drillholes totaling 9,311 meters. This part of drilling focused the ultramafic physique the place it has a shallow dip to the north and is primarily composed of peridotite and minor dunite, with some pyroxenite dykes. Serpentinization of the host rock is average to excessive, containing fine-grained nickel mineralization, with serpentinization showing extra constant close to the middle of the goal the place an space 1.9 kilometers by 600 meters (1.1 sq. kilometers) has now been delineated by drilling. On this space, gap MAN24-21 intersected 223.4 meters averaging 0.29% nickel, together with a ten.5 meters part of 0.51% nickel. Assays are pending for the remaining 15 holes.
Mann North
The goal is roughly 1.5 kilometers lengthy by 600 meters vast (0.9 sq. kilometres). Drilling at Mann North started in June 2024 and consisted of a preliminary exploratory part of 16 drillholes totaling 6,315 meters. Nearly all of these holes intersected lengthy sections of peridotite, minor dunite, and lesser talc-rich ultramafic rocks, with sturdy serpentinization and good disseminated sulphide alongside many of the goal strike size.
MAN24-28, was collared close to the north finish of the goal, drilling to the southwest, beginning in dunite at 27 meters downhole and ending in peridotite at 414 meters. MAN24-27 was drilled to check the northeast contact and intersected 5.9 metres of 0.52 g/t Platinum plus Palladium close to a pyroxenite-gabbro contact. Assays are pending for the 14 remaining holes now accomplished.
Mann West
Mann West is roughly 3.5 kilometers lengthy by as much as 1.1 kilometers vast (protecting 3.4 sq. kilometers). The drill program has targeted on the southern half of the goal and is presently exploring a strike size of 1.7 kilometers and a width of at the very least 600 metres. Drilling to date has intersected lengthy sections of well-serpentinized peridotite and minor dunite with disseminated and visual nickel mineralization consisting primarily of pentlandite and heazlewoodite. The Firm has drilled 16 holes to this point at Mann West and is midway by means of this part of exploration that’s required for an preliminary useful resource estimate anticipated by Q1 2025. Assays for all of the holes at Mann West are presently pending.
Mann South
This goal is roughly 5.9 kilometres lengthy by as much as 1.2 kilometres vast, having an arcuate and irregular form, with an total space of 4.1 sq. kilometres. The drill program at Mann South began in August and first assay outcomes are usually not anticipated till October 2024. Three holes have been accomplished, and efficiently intersected various levels of serpentinized peridotite and minor pyroxenite. The Firm will proceed testing the strike size of Mann South into the autumn of 2024.
Reaume Property
The Reaume property is positioned 20 kilometers northeast of Crawford, 15 kilometers southwest of Cochrane, and 55 kilometers northeast of Timmins. Prior drill campaigns in 2022 had seasonal entry constraints, nevertheless, in June 2024, the Firm resumed exploration and intersected a strongly mineralized portion of the ultramafic physique consisting of average to strongly serpentinized peridotite containing spotty, coarse-grained awaruite mineralization in gap REU24-12. Assay outcomes are pending on all 5 holes.
Wayne Holmstead P.Geo (ON), a “certified particular person” as outlined by Nationwide Instrument 43-101, has verified the info disclosed on this information launch, and has in any other case reviewed and authorised the technical info 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 referred to as Undertaking 81, in addition to an extra 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 numerous levels of exploration. It can 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 info is accessible on the web site at:
www.noblemineralexploration.com .
Noble’s frequent shares commerce on the TSX Enterprise Trade beneath the image “NOB”.
Cautionary Assertion:
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. No inventory alternate, securities fee or different regulatory authority has authorised or disapproved the knowledge contained herein.
The foregoing info might 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 might differ materially from the Firm’s plans and expectations. These plans, expectations, dangers and uncertainties are detailed herein and every so often 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 because of new info, future occasions or in any other case.
Contacts:
H. Vance White, President
Cellphone: 416-214-2250
Fax: 416-367-1954
E-mail: information@noblemineralexploration.com
Investor Relations: ir@noblemineralexploration.com
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