Kingsmill Nickel Deposit Contains Anomalous Cobalt; NOB to fire assay 2012 drill core for Cobalt; Additional Drill Indicated Nickel Discoveries to be tested for Cobalt
March 15, 2018 (Source) — Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that the 100 percent owned Kingsmill Nickel Deposit drilled by Noble Mineral Exploration Inc. in 2012 contains anomalous Cobalt from the initial Total Digestion-ICP (TD-ICP) analysis. The average Cobalt grade calculated from NOB 2012 drilling is 113ppm Cobalt (1ppm = 1g/t).
This project has been renamed the Kingsmill Nickel-Cobalt Deposit.
The Kingsmill Ni-Co Deposit was drilled in 2 drill fences with 12 NQ size diamond drill hole for approximately 4922m. Figures 1& 2.
Plan View of the Kingsmill Ni-Co Deposit
Kingsmill Ni-Co Deposit showing West Drill Fence Trace and NOB 2012 Drill Hole Traces.
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The Kingsmill Ni-Co Deposit is approximately 2000m long by 500m wide by 500m deep and open at depth, and it is a serpentinized ultramafic intrusive body that has been faulted and displaced along the Matagami River fault structure. Noble believes that the other portion of the Kingsmill nickel-cobalt mineralized body is located in Bradburn Township to the north – this ground in Bradburn Township was staked by Noble in 2012.
Noble plans to fire assay the coarse rejects for Cobalt from the 2012 drill campaign and/or submit the remaining 1/2 drill core that is in storage for this analysis.
Table 1 list the Nickel and Cobalt grades obtained from the initial TD-ICP assay result over the downhole drill intersection.
Noble believes that the Kingsmill Ni-Co Deposit is similar in geology and size to the Royal Nickel (TSX.RNX) Dumont Nickel-Cobalt Deposit in the Abitibi Region of Quebec (0.27% Nickel and 107ppm Cobalt) considered to be the “world’s largest undeveloped reserves of nickel and cobalt.” which is fully permitted and construction ready.
SW-NE Cross Section – Kingsmill Ni-Co Deposit (West Drill Fence)
Randy S.C. Singh P.Geo (ON), P.Eng (ON) VP- Exploration & Project Development a “qualified person” as such term is defined by National Instrument 43-101 has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.
Vance White, President & CEO of Noble Mineral Exploration Inc., said ” we firmly believe that all drill indicated Nickel discoveries throughout Project 81, in Crawford, Nesbitt, Aubin, and Dargavel Townships are anomalous in Cobalt and will be drill tested in the near future – see Table 2.”
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company which, apart from its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Wawa-Holdsworth gold exploration property in Wawa, Ontario, has as its flag ship program Project 81 is a contiguous land package of approximately ~70,000 hectares covering 12 townships immediately north of the Kidd Creek Mine (celebrating its 50th year of operation). Project 81 which has seen very limited mineral exploration over the last 50 years and has had a number of historical drill indicated Gold, Copper, Lead-Zinc, Silver and Nickel showings. Noble has confirmed the discovery a very large, low grade Nickel Deposit in Kingsmill Township in 2012, which is within the project area. The Lucas Gold showing was also drill tested by Noble in 2012 with additional follow up drilling to be carried out during the 2017-2018 winter exploration season. Additional information can be found on our website at www.noblemineralexploration.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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