Nobel Resources Corp.  provided the update with respect to its Pircas Verdes Project in Chile. The Company, through its wholly owned Chilean subsidiary, has entered into a definitive option agreement to acquire a 100% interest in the Pircas Verdes project. The Project is located 20 kilometers west of the giant Pelambres-El Pachón porphyry systems. A number of other copper porphyry and porphyry skarn deposits are located near Pircas Verdes. The Company has completed surface mapping and sampling over the previously identified alteration /mineralized areas on the property. During this period, Company personnel also collected a total of 23 samples from various phases of intrusive rocks associated with alteration and mineralization in order to identify and classify the different intrusive phases on how they could represent components of porphyry copper systems similar to the large mines in the area. Eight samples have been collected for radiometric age dating from a selection of quartz porphyry, diorites and dacite porphyry outcrops on the Project and sent to Brazil for radiometric age dating of the intrusive rocks. The age of the mineralized intrusives from the world class Pelambres and El Pachón porphyry deposits, as well as other deposits that have been mined in the area, is Miocene-Pliocene. Demonstrating that the rocks at Pircas Verdes are of a similar age to Pelambres and other deposits mined in the region is considered an important indicator for potentially significant mineralization and greatly enhances the prospectivity of the Project. Older intrusive rocks from the Cretaceous age that generally do not host economic copper deposits are also present in the region and additional planned work will depend in part on the results of the pending age determination of the intrusive rocks. Results of this analysis are expected near the end of July 2023. Due to customs restrictions in Chile related to exportation of mineral samples, the samples were prepared in Chile to separate zircons from the rocks prior to sending to the laboratory in Brazil. Sample preparation in Chile was done by JV Circones y Minerales SpA (independent of the Company) and the samples were then sent to Laboratorio de Geocronologia U-Pb de la Universidad de São Paulo (independent of the Company) for processing and definition of the date of the intrusives from Pircas Verdes. In addition to the on-going work at Pircas Verde, Company personnel continues to evaluate copper prospects, primarily in Chile and Peru, for potential acquisition and to create value for shareholders. The Company has reviewed and completed due diligence on approximately twenty prospects at various stages of exploration during the past field season and the process continues to identify interesting projects for the Company. Recently, the Company has expanded the search to consider projects outside of the Andes region as well. The Pircas Verdes project is situated within a highly productive copper producing district, close to a number of very large porphyry copper - molybdenum deposits. Within the property, the key geological features that typically indicate potential for porphyry copper related mineralization have been identified by Nobel’s team. Piton is a leached intrusive with anomalous copper values in rock chip samples that covers an area of 1,500m by 800m (sampling information provided by the vendor and observed in outcrop). Piton is interpreted as possibly representing the upper levels of a buried mineralized porphyry system.  The Pircas Verdes prospect area contains intense quartz-sulfide stockwork exposed over an area of approximately 450m by 600m peripheral to the Piton leached intrusive.
Other exploration targets peripheral to the main Pircas Verde-Piton hydrothermal center (Vetarron, Marcelino and West) include quartz-tourmaline breccias and veinlets associated with copper oxides and sulphides. Such veins are commonly associated with copper porphyry systems in Chile.  No drilling or geophysical surveys have been completed over the property.  The Pircas Verdes property covers a total of 2,015 hectares located in the eastern part of Chile’s fourth region of Coquimbo. It is some 20km west of the cluster formed by Antofagasta Minerals’ Pelambres mine (2,125 million tonnes grading 0.64% Cu /180ppm Mo) and their similar size Fortuna Project currently under development, and Glencore’s Pachon deposit (3,300 million tonnes grading 0.47% Cu) (Sources: corporate disclosures by Antofagasta Minerals and Glencore). Other copper projects near Pircas Verde include the Llamuco Mine and the Buenaventura Project. The Pircas Verdes Project district shows numerous areas with intense hyperspectral color anomalies corresponding to areas with argillic and phyllic alteration surrounded by propylitic alteration in the volcaniclastic host rocks related to the porphyry mineralization in the region. At the Pircas Verdes project, similar features have been observed: a complex intrusive stock with multi-pulses and phases is recognized ranging from felsic, aplitic, andesitic and dioritic porphyries, together with greater granodioritic and tonalitic intrusive rocks that intrude into the volcanoclastic sequence of the Viñitas Formation. These are associated with zones of alteration and color anomalies associated with structural breaks and structural controls oriented NNW, NS and ENE typical for deposits in the area. The Pircas Verdes Project has a number of hydrothermal alteration zones identified in outcrop that indicate the prospective attractiveness of the area.