Noble Mineral drills first hole in Timmins area program, Ontario

Noble Mineral Exploration Inc. [TSXV: NOB; FSE: NB7; OTCQB: NLPXF] reported results of the first hole drilled in Carnegie Township near Timmins, Ontario, Canada. The drill program is part of a 50/50 partnership with Canada 11530313 Canada Inc. and will include two 500-metre holes that have been located to follow up on drilling done in 2019.

Recent analysis of downhole geophysics from that program indicated that conductors may have been missed and additional down hole geophysics has been done on the new hole.  Heavy snowfall and extreme low temperatures have hampered the drilling but the first hole is now complete, analyses received and down hole surveying done.

In drill hole CG-25-01, a 6.5-metre section analyzed 0.64% zinc with associated, anomalous values in copper, silver and lead from 141.0 to 147.5 metres down hole (true width not known at this time). A 1-metre section within the wider section was found to run 1.90% zinc. The anomalous mineralization was found to occur in a weakly laminated sulphide rich graphitic sediment. Mineralization consisted of about 5% pyrrhotite, with local concentrations of up to 10-15%.

A Mise à la masse (MALM) survey was competed down hole in the anomalous section. Mise-a-la-Masse (MALM survey) is a downhole geophysical technique used in exploration and mining to map conductive ore bodies by injecting current directly into them, revealing continuity and shape at surface.

A surficial magnetometer survey was conducted on the same grid as the MALM survey and detected a magnetic anomaly coincident with the MALM anomaly indicating that the zone is both magnetic and electromagnetic. These properties will make it easier to trace the zone on surface with traditional surface geophysical techniques.

Hole CG-25-02 is collared about 200 metres northwest to intersect the same zone at about 200-metre vertical depth. An additional 1,000 metres (2 holes) have been scheduled for Southwest Carnegie Township.

The program is being carried out on lands recently transferred to Canada Nickel but on which Noble retains a 5-year Exploration Right for volcanogenic massive sulphide mineralization and precious metals.

Vance White, President and CEO of Noble, said “We are very pleased to get this program started with the support of our partners at 11530313 Canada Inc. The search for mineralization similar to the Kidd Creek Mine continues.”

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,000ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs.

Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area held by East Timmins Nickel. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario.  ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau), ~461 hectare Uranium/Molybdenum property (Taser North), ~4,465 hectares REE Mehmet Property, and the ~3300 hectare Gull Lake REE Property all of which are in the Province of Quebec and the ~ 647-hectare Chapiteau REE property in Labrador.