(TheNewswire)
Toronto, Ontario / TheNewswire / February 12, 2018 - Noble Mineral Exploration Inc. (“Noble” or the "Company") (TSX-V: NOB, FRANKFURT: NB7, OTC.PK: NLPXF) is pleased to provide additional updates on various aspects of the 2018 exploration campaign to be carried out on Noble’s Project 81. Project 81 is a large contiguous, underexplored and prospective property north of Timmins and immediately north of the World Class Kidd Creek Mine, celebrating its 50th year of continuous production.
Heliborne EM and Mag Survey over Project 81 by BECI Exploration Consulting
Noble has completed and received final results of two Airborne EM and Mag Surveys completed in January 2012 and July 2017 from BECI that now cover the entire ~70,000 hectares of Project 81. This data has outlined several bedrock conductors and mineralized trends that have been confirmed by historical drill holes dating back to the 1960’s. These surveys have identified EM and Mag geophysical drill ready targets in a number of the townships included in Project 81.
Data Compilation by ORIX Geoscience
Noble is pleased to announce that ORIX Geoscience Inc. has completed and presented to Noble and its current and prospective JV Partners compilation reports on Lucas, Carnegie and Crawford Townships. These reports identify a number of high priority drill targets. It is anticipated that similar data compilation results for Dargavel, Lennox, Calder and Bradburn Townships should be available in the very near term. ORIX will continue to compile comprehensive datasets for the entire Project 81, that will allow Noble to aggressively seek additional JV partners
Lucas Gold Project
Noble is pleased to announce that it has commenced a diamond drilling campaign on the Lucas Gold Project, Lucas Township, Timmins. The drill program is designed to test over 700m strike length of the drill indicated historical gold mineralized structures, which lies within a 1700m EM anomalous trend identified from the recently completed Airborne Geophysical EM and Differential Mag Survey. The historical drill results are not compliant with the requirements of National Instrument 43-101.
The designed drill program anticipates drilling up to 14 NQ size diamond drill holes for approximately 3000m. The objective of this drill campaign is to confirm the historical drilling results dating back to 1960-1980’s reported by Canico, McIntyre Porcupine Mines Ltd, Abitibi Price Resources and Lucas Gold Resources. Historical non-compliant 43-101 results (see table below) of up to 37 meters of 2.97g/t and 48.8 meters of 1.94g/t gold have been previously released by the Company in releases dated Dec. 01, 2011 and Dec., 05, 2011 and have been posted on our website. A Qualified Person has not done sufficient work to qualify these historical results under current standards, and Noble is not treating these results as current.
Historical Drill Data*
----------------------------------------------------- |Township|DDH | | | |Mineralized| | | |Grade|From |To |Zone | | | |(g/t)|(m) |(m) | | | | |-------------------------------| | | | | | |(meters) | |---------------------------------------------------| |Lucas |L-80-4 |2.967|94.49 |131.52|37.03 | |---------------------------------------------------| | |incl |3.081|114.91|130.15|15.24 | |---------------------------------------------------| | |incl |4.386|107.29|114.91|7.62 | |---------------------------------------------------| |Lucas |L-80-11 |3.146|129.84|138.99|9.15 | |---------------------------------------------------| |Lucas |L-80-13 |2.779|118.87|131.06|12.19 | |---------------------------------------------------| |Lucas |L-81-30 |3.507|165.81|174.65|8.84 | |---------------------------------------------------| |Lucas |L-81-36 |1.611|54.25 |59.44 |5.19 | |---------------------------------------------------| | |and |2.679|80.16 |91.44 |11.28 | |---------------------------------------------------| | |incl |3.587|82.91 |89.92 |7.01 | |---------------------------------------------------| |Lucas |L-81-36(a)|1.944|54.86 |103.63|48.77 | |---------------------------------------------------| | |incl |2.321|57.91 |97.54 |39.63 | |---------------------------------------------------| |Lucas |73-14 |1.174|141.91|148.13|6.22 | |---------------------------------------------------| | |and |1.222|160.32|180.69|20.37 | |---------------------------------------------------| | | | | | | | -----------------------------------------------------*Historical data taken from drill logs reported by Lucas Gold Resources and McIntyre Porcupine Mines
Randy S.C. Singh PGeo (ON), PEng (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.
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. Additional information can be found on our website at www.noblemineralexploration.com.
About BECI
BECI was formed in 2001 to develop innovative airborne technology for mineral exploration to allow for direct drilling of targets without the need for ground geophysical follow-up. The Company was involved in the development of the AeroTEM system, offered by Aeroquest International Limited, from 2001 to 2006. In 2010 BECI began the development of AirTEM, a cost competitive, mid-power HTEM system and has since provided systems in Canada, Mexico and China. In 2016 BECI developed a triaxial magnetometer based on the Scintrex CS-3 optical magnetometer which can accept incoming spectrometer data.
Steve Balch PGeo – President and Founder of BECI is 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 BECI
About ORIX Inc.
Orix Geoscience Inc. (Orix) is a geological consulting firm that partners with exploration and mining companies. This partnership provides access to a strong technical team that supplements our client's internal workforce. Orix’s multi-faceted team has offices in Toronto, Sudbury, and Winnipeg that provides support for both Canadian and international projects focusing on data collection, interpretation, and project management. They specialize in compiling, interpreting, and modeling large datasets and work closely with their clients to generate targets and execute field programs. Services also include: providing support to internal Marketing and IT teams.
As part of the partnership, Orix covers all costs related to hardware (office supplies, computers, keyboards, monitors, mouse, network maintenance and backups, etc.) and software (Datamine, Leapfrog, ArcMap, MapInfo, Fusion, Microsoft Office Suite, Google Earth Pro, etc.). Orix has WSIB coverage and all required liability insurances. The only aspects of a project that Orix does not cover is all reasonable out-of-pocket expenses, which include travel expenses and accommodations, as well as other requests such as banner-up printing and plotter paper.
At Orix, they believe their client partnerships deserve the best quality products and services resulting from strong working relationships and a disciplined work ethic. Their business model is focused on cultivating long term relationships that focus on their client’s needs and ultimately the success of the project.
Cautionary Statement:
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.
Contacts:
Noble Mineral Exploration Inc.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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