PROJECT 81 – Exploration Update: Noble Stakes Additional Mineral Claims Contiguous to Project 81
September 5, 2018 (Source) — Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that it has successfully staked 405 claim units, totalling approximately 8,536 hectares in two(2) blocks namely the Macdiarmid-Jamieson township block and the Mahaffy-Geary township block, Northern Ontario, Canada (Figure 1). The Mahaffy-Geary claim block ties onto Crawford and Aubin townships- that are part of the Company’s ~70,000 hectare Project 81, and is approximately 4,855 hectares. The Macdiarmid-Jameison block staked is approximately 3,681 hectares. The claims staked were based on ongoing analysis and evaluation by Noble’s geological and geophysical team whereby the areas staked have large EM & Mag conductors and structures similar to the Kingsmill Township Nickel-Cobalt deposit and the Crawford Township Nickel body.
The Kingsmill Ni-Co Deposit is approximately 3.0km long, by 500m wide and 500m in depth compared to the Royal Nickel Corp, Dumont Deposit in Quebec, which is approximately 5.0km in length, 500m wide and 450m in depth containing a Proven and Probable Reserve of 1,178,600,000 tons grading 0.27% Nickel and 107ppm Cobalt. (RNC Feasibility Study Report No: 2280, dated July 25, 2013 by Ausenco Solutions Canada Inc. (Ausenco) and Titled “Technical Report on the Dumont Ni Project, Launay and Trecesson Townships, Quebec, Canada)
A preliminary grade estimate of the Kingsmill Ni-Co Deposit, composited from a limited number of diamond drillholes is approximately 0.26% Nickel and 123ppm Cobalt. NOB recently resampled a number of coarse rejects from the Kingsmill 2012 diamond drill campaign, using Peroxide Fusion analysis for Nickel and Cobalt, which returned on average a higher grade than the original Total Digestion (TD-ICP) and Aqua Regia (AR-ICP) analysis. (Results previously released on August 01, 2018.)
Noble’s Project 81 is located within the Kidd-Munro assemblage of the western Abitibi Subprovince in Northern, Ontario, and is one of the largest contiguous, underexplored land packages in Ontario. The assemblage is one of the most ultramafic-rich volcanic successions of any age in the world and is hosts to the Kidd Creek VMS deposit, an important example of bimodal-mafic (ultramafic) volcanic-associated massive sulphide (VMS) deposits.
Noble President and CEO, Vance White said “we are very pleased to have been able to acquire this ~8500 Ha of open ground and add it to our ~70,000 Ha Project 81. Based on our geological and geophysical compilations we feel this ground could be prospective and subject to additional option to potential partners. It is important to remember here that the world class Kidd Creek deposit had a signature of a gravity anomaly associated with an EM high and a Mag Low geophysical anomaly and is spatially associated to an Ultramafic body, and also, that in many locations around the globe, VMS deposits occur in clusters of several satellite VMS deposits in proximity to a very large VMS deposits such as the Kidd.”
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.
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Figure 1. New claims Staked
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, a contiguous land package of approximately ~70,000 hectares covering 12 townships immediately north of the Kidd Creek Mine (celebrating its 51st 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 of a very large, low grade Nickel-Cobalt 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 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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