An Induced Polarization survey will be done to identify areas of increased sulphide concentration within the gold horizon. Geophysical work is expected to start immediately with the 2,000 meter drill program beginning in September. The Dargavel Property is owned 100% by Noble subject to a 2%
The funding for this program is being provided 50% by Noble and 50% by a private investor. Noble has agreed with the investor that if the outcome of the program is positive, Noble will enter into good faith negotiations with the investor to enter into an option and joint venture agreement that would recognize the investor and Noble as each holding their respective interests in the drilled property, subject to standard dilution provisions to the extent that either does not fund future maintenance and exploration expenditures. All agreements between Noble and the investor are subject to compliance with
The 2020 drill program detected gold mineralization over a strike length of 7.5 kilometers, open in both directions. In addition, the true width of the zone has not been determined as evidenced by the fact that drill hole DAR-20-06 ended in mineralization after cutting more than 18 meters of core mineralized with gold. Very little work has been done in the past in Dargavel Township due to the heavy overburden cover and the fact that the area was not open for traditional staking due to the predominance of patented claims.
Of the six holes drilled in 2020, five intersected gold mineralization. The mineralized zones appear to be associated with magnetic and electromagnetic (EM) anomalies that have been identified over the entire strike length by a regional airborne survey executed by Noble and by historic EM surveys.
In addition to gold values, the drilling also detected 1.51 g/t combined platinum and palladium over 1.5 meters associated with gold mineralization in Hole DAR-20-05. Past work in the township has also detected significant nickel, cobalt and platinum group mineralization.
About
Cautionary Statement
The foregoing information may contain forward-looking statements relating to the future performance of
Contact:
Tel: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
(C) 2021 Electronic News Publishing, source