Noble Mineral Exploration acquires Rare Earth Property, Labrador

Noble Mineral Exploration Inc. [TSXV: NOB; FSE: NB7; OTCQB: NLPXF] reported the acquisition through map staking of a rare earth element (REE) enriched system on its Chapiteau Property located 100 km south of the Strange Lake and B-Zone deposits and 38 km northeast of the Crater Lake Scandium-Rare Earth resource, Labrador. The property consists of 25 map staked units for a total of approximately 647 hectares.

The property covers ground explored by Midland Exploration in 2010/2011. During this time, Midland completed a 3,143-line-km airborne magnetic and radiometric survey that identified several new exploration targets for REEs. With the results of the airborne survey, the Midland team prospected and sampled the exposed portions of these magnetic and radiometric anomalies. Regionally, the results from selected samples from 81 rock outcrops and locally derived and mineralized boulders returned very high values of up to 8.34% rare earth element oxides (TREOs), including yttrium.

The proportion of heavy rare earth element oxides (HREOs) ranged from 2.29% to 12.85% HREO for samples containing more than 0.5% TREO. Analysis of individual REEs yielded significant results up to 8.22% cerium oxide (Ce₂O₃), 3.38% lanthanum oxide (La₂O₃), 3.39% neodymium oxide (Nd₂O₃), 0.66% yttrium oxide (Y₂O₃), 0.96% praseodymium oxide (Pr₂O₃), 0.19% dysprosium oxide (Dy₂O₃), and 0.35% gadolinium oxide (Gd₂O₃).

Regionally, the best concentrations of mineralization are associated with iron oxides nested in pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated in an intrusion interpreted as an alkaline granite. Grab samples from twenty-six new mineralized areas returned values ranging from 1.02% to 8.34% TREO. The alkaline granite hosting this mineralization manifests itself as an airborne magnetic anomaly 9 kilometers in diameter.

On the property recently staked by Noble, six grab samples greater than 0.5% TREO were located by Midland.  They ranged from 1.40 to 3.02% TREO with 0.29 to 0.79% lanthanum oxide (La₂O₃), 0.60 to 1.48% cerium oxide (Ce₂O₃), 0.06 to 0.14% praseodymium oxide (Pr₂O₃), 0.23 to 0.45% neodymium oxide (Nd₂O₃), 0.02 to 0.10% yttrium oxide (Y₂O₃), 0.006 to 0.02% dysprosium oxide (Dy₂O₃) and 0.02 to 0.03% gadolinium oxide (Gd₂O₃).

A series of channel samples and one diamond drill hole (Y3-11-04) were completed on the Chapiteau property in 2011.

Drill hole Y3-11-04 was aimed at the CP North Showing. The hole intersected a grey-pink coarse grained alkaline granite with 2-3% disseminated iron oxides and amphiboles. A total of 29 samples varying in length from 1 to 1.5 metres were collected. All collected samples returned anomalous TREO + Y₂O₃ values averaging 0.14% TREO + Y₂O₃ ranging from 0.11 to 0.19% TREO + Y₂O₃. The best assay results returned 0.13% TREO + Y₂O₃ over 7.5 metres from 25.0 to 32.5 metres, 0.14% TREO + Y₂O₃ over 12.0 metres from 38.0 to 50.0 metres and 0.16% TREO + Y₂O₃ over 7.5 metres from 64.0 to 71.5 metres.

The Chapiteau Property is located about 38 km northeast of the Crater Lake Property where Scandium Canada has defined a rare earth and scandium resource. Indicated resources stand at 16.3 million tonnes grading 277.9 Sc₂O₃, 67.3 g/t Dy₂O₃, 615.7 g/t La₂O₃, 604.9 g/t Nd₂O₃ and 162.3 g/t Pr₂O₃. Inferred resources are 20.9 million tonnes of 271.7 g/t Sc₂O₃, 66.5 g/t Dy₂O₃, 609.1 g/t La₂O₃, 599.1 g/t Nd₂O₃ and 160.7 g/t Pr₂O₃.

 Noble Mineral Exploration 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 and ~175 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. 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 ~3,300-hectare Gull Lake REE Property all of which are in Quebec.