Noble Mineral Exploration is back
They are back! After a brief period of being issued a Cease Trade Order Noble Mineral Exploration Inc. (TSXV: NOB) advises that the TSX Venture Exchange has approved the application for reinstatement of trading of Noble’s common shares.
A Cease Trade Order (CTO) was issued by the Ontario Securities Commission (OSC) for the delay in the filing of the Company’s audited annual financial statements for the year ended August 31, 2018, and related filings. On January 17, 2019 the OSC lifted the cease of trade order placed on Noble and the Company has been advised by the TSX Venture Exchange that trading in its common shares can resume on January 22, 2019.
This is great news for Noble and a very good time to reintroduce what they do.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company holding in excess of 79,177 hectares of mineral rights in the Timmins/Cochrane area of Northern Ontario, upon which it plans to generate joint venture exploration programs to further expand on all its exploration and development programs.
The Timmins/Cochrane area
Timmins, just 30 km from Project 81 (with a population of over 42,000), has an economy based on natural resource extraction and is supported by industries related to lumbering and the mining of gold, zinc, copper, nickel and silver. Timmins serves as a regional service and distribution centre, it has significant industry services, ample access to power and water supplies with infrastructure in place, and access by a paved highway. It is also served by Timmins/Victor M. Power airport.
Project 81, the company’s flagship, is one contiguous parcel of land covering all or parts of 14 townships, adjacent to the Kidd Creek Mine Complex, near Timmins Ontario. This includes 448 claims contiguous to Block A covering approximately 7,252 hectares. The Kidd mine has been in production for over 50 years and has produced 150 million tonnes of very high-grade base metals.
The project is targeting nickel-cobalt (Ni-Co), gold (Au), chromium (Cr), copper (Cu), lead (Pb), zinc (Zn), and silver (Ag). Project 81 hosts a number of zones that have had historical exploration, identifying nickel and gold mineralization from work carried out in the 1960’s and 1970’s (these sample results are historical and non-NI 43-101 compliant), as well as assay results from drilling conducted by the Company in 2012.
Noble is an excellent project generator candidate with 100% owned mineral rights on their Project 81 property, consisting of high-potential nickel volcangenic massive sulfide [VMS] and gold targets. It has huge exploration potential having one of Canada’s largest, under-explored and privately held land packages. The Project has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends. Drill results from the 2018 drilling campaign were positive and included a range of gold grades from 0.24 g/t up to 7.85 g/t Au, with almost every drill hole finding gold along the 650 m tested of the 1700 m strike length.
Noble is well placed being in the historically proven region of Timmins, and having an under-explored region covering 70,000 hectares of mineral rights just 2-3 km north of Glencore’s famous Kidd Creek Mine. With a market cap of just CAD$ 13.5 million upside is large should they have exploration success in 2019.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>