Noble Mineral Exploration starts survey at Project 81

Sep 14, 2017

2017-09-14 07:52 ET – News Release

Mr. Vance White reports

EXPLORATION UPDATE NOBLE INITIATES HIGH DEFINITION AIRBORNE GRAVITY GRADIOMETER SURVEY HD-AGG WITH GEDEX INC. ON PROJECT 81 IN TIMMINS

Gedex Inc. will survey Noble Mineral Exploration Inc.’s extensive and very prospective Project 81 property north of Timmins and adjacent to the Kidd Creek mine, using its new state-of-the-art HD-AGG system.

Gedex has been developing this next-generation, first-of-its-kind advanced airborne gravity gradiometer system over a number of years in partnership with some of the world’s major mining companies and is commencing limited flight surveys of known and prospective target areas using a Cessna Caravan aircraft. Full commercial surveys will commence once Gedex installs the HD-AGG system into a Dash 8 survey aircraft.

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 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. The Lucas gold showing was also drill tested by Noble in 2012 with additional follow-up drilling to be carried out during the 2017 to 2018 winter exploration season.

Noble completed two airborne electromagnetic and magnetic surveys in January, 2012, and July, 2017, that cover the entire 70,000 hectares and have outlined several bedrock conductors and mineralized trends that have been confirmed by historical drill holes dating back to the 1960s.

The Gedex HD-AGG is a patented technology that is an innovative method for measuring changes in Earth’s gravitational field at resolutions significantly higher than ever before available. The HD-AGG system provides exploration data that can be used either alone or quantitatively integrated with other geophysical imaging technologies (seismic, electromagnetics, magnetics) to detect buried deposits that current technologies cannot effectively discover. Current and legacy geophysical data combined with HD-AGG data will improve subsurface imaging. Noble is very pleased to acquire potentially over 6,000 line kilometres of this HD-AGG data over Project 81 to prioritize targets on, and advance its exploration of, this property.

The data from this survey will be coupled with recent airborne magnetic and electromagnetic data and proprietary geological interpretation of Project 81 to create a comprehensive data set which will allow Noble to aggressively seek joint venture partners to earn into various selected targets that have been identified to date relating to Project 81.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company, which, in addition to its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont., holds in excess of 70,641 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold and base metal exploration targets at various stages of exploration.

Randy S.C. Singh, PGeo (Ontario), PEng (Ontario), vice-president of exploration and 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.

David Hatch, PGeo, chief geophysicist and chief operating officer of Gedex, 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 Gedex.

We seek Safe Harbor.

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