Noble Minerals Updates on Exploration Projects in Ontario and Quebec
January 17, 2023 at 08:12 am EST
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Noble Mineral Exploration Inc. reported on several active exploration projects in Ontario and Quebec. Additional sampling of the core in Nagagami Project hole NG-22-02 has identified a 61.0 metre long mineralized zone that has an average grade of 0.554% Total Rare Earth Oxide (TREO) and 0.098% Nd2O3 (includes both new and December 5, 2022, results); Numerous exploration targets have been identified on Boulder Project near Hearst, Ontario. A total of 88
additional mining claim cells have been acquired to bring the total to 147 (single cell and multicell) claims; Application has been made to the Quebec Government for a drill program on the Cere Villebon project; A line-cutting and geophysical program is in progress on the Kidd Project in preparation for diamond drilling; Isabelle Robillard has been commissioned to update a 43-101 report on the Buckingham Graphite Project; A property has been acquired in Newfoundland from a local prospector. The property covers the northern extension of the Spruce Ridge Property where recent drilling intersected 51.00 metres averaging 1.69 grams of gold per tonne (g/t Au) in hole SP21-01, 15.00 metres of 2.36 g/t Au (including 4.00 metres of 5.29 g/t Au) in SP21-03, 21.20 metres of 1.75 g/t Au in SP21-08, 17.60 metres of 1.34 g/t Au in SP21-11 and 21.00 metres of 2.06 g/t Au in SP21-14. Newly obtained analytical results from Hole NG-22-02 on the Company's Nagagami Property near Hearst, Ontario, filled gaps between and around the 4.0 and 10.0 metre long intercepts (reported December 5, 2022), such
that a 61.0 metre-long mineralized intercept is now recognized in the core. The 61.0 metre long mineralized intercept contains an average of 0.554% Total Rare Earth Oxide (TREO) and 0.098% Nd2O3. The 61.0 metre zone includes a 17.0 metre long zone that has average TREO and Nd2O3 grades of 0.665% and 0.118%, respectively. These grades are 20% higher than those of the 61.0 metre intercept. 61.0 metre intercept (between 373 and 434m) contains 0.554% Total Rare Earth Oxides and 0.098% Nd2O3 Above intercept includes 17.0 metres (between 380 and 397m) containing 0.665% TREO and 0.118% Nd2O3.
Two smaller intercepts containing 0.573 % TREO and 0.105% Nd2O3 over 4.0 metres (between 528 and 532m) and 0.605 % TREO and 0.119% Nd2O3 over 7.0 metres (between 538 and 545m), were also discovered. A slightly longer mineralized intercept also contains 0.24% Ce2O3 over 89.0 metres (345 to 434m).
For comparison purposes, the average Dy2O3, Nd2O3, Pr2O3, and Tb2O3 content of the 61.0 metre intercept is equivalent to 5.2 g/t of gold (comparison made using USD REE + Gold prices reported by Kitco.com at 4 pm on January 13, 2022). Additional work being undertaken on the Nagagami project would include; preparation for geophysical surveys to identify the distribution of rock units in the core of the carbonatite complex; studying the area around the property to identify a possible location for a new road to facilitate mobilizing a diamond drill onto the property via ground rather than using a helicopter; meetings with communities near Hearst to share Noble's planned exploration program; and lithogeochemical and mineralogical studies to characterize the wallrocks hosting the mineralized zone(s) and identify the TREO-bearing minerals.
Noble Mineral Exploration Inc. is a Canada-based junior exploration company. The Company is engaged in the exploration and evaluation of mineral resources. It holds approximately 25,000 hectares of mineral rights hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional-11,000 hectares in the Timmins area and 14,400 hectares of mining claims in Central Newfoundland. It also hold it-14,600 hectares in the Nagagami Carbonatite Complex and its -4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as its 482 hectares in the Cere-Villebon Nickel, Copper, PGM property, its 3,700 hectares in the Buckingham Graphite Property, its 10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, its 518 hectares in the Laverlochere Nickel, Copper, PGM property, all of which are in the province of Quebec. The Holdsworth gold property, located approximately 25 kilometers northeast of Wawa, Ontario.
NOBLE MINERAL EXPLORATION INC. 
