Noble Mineral completes survey, mag study at Dargavel

Sep 3, 2020

2020-09-03 10:07 ET – News Release

Mr. Vance White reports

PROJECT 81 – EXPLORATION UPDATE: DARGAVEL GOLD TREND PROJECT, HOLDSWORTH GOLD PROPERTY

Noble Mineral Exploration Inc. has noted that the orientation airborne magnetic gradiometer survey by BECI and the magnetic inversion study by Geophysique Camille St-Hilaire Inc. of Rouyn-Noranda, Que., based on the recently completed orientation mag survey have been completed over the six-kilometre Dargavel gold trend in Dargavel township, Northern Ontario, Canada.

Also, a 25-kilogram oxide sand sample from the Holdsworth gold property in Wawa, Ont., Canada, has been taken and shipped to Dundee Sustainable Technologies (DST) for metallurgical analysis at its Thetford Mines facility in Thetford Mines, Que. Noble’s acquisition of this property remains subject to the approval of the TSX Venture Exchange.

Dargavel gold trend project

The Dargavel gold trend is approximately six kilometres in strike and has a number of historical, non-National Instrument 43-101-compliant drill holes dating back to 1965 with anomalous gold results over 23.6 feet and anomalous platinum results over 9.6 feet in drill hole 25013. Locally Gold results were 3.05 grams per tonne over 8.0 feet and platinum results were 2.86 grams per tonne. The host rock of the Dargavel gold trend is interpreted to be an iron formation and the main purpose of the recent mag inversion study was to determine and identify any fold-nose structure and pinpoint areas of inflection within the iron formation. The magnetic inversion study identified and confirmed seven fold-nose structures and inflection points within the iron formation that warrant follow-up diamond drilling. The magnetic inversion analysis also determined that Inco’s 1965 historical drill hole 25013 was drilled 520 metres north-northwest of the best part of that fold-nose anomalous structure.

Noble plans to mobilize and drill approximately 1,000 metres in four drill holes to test this fold-nose structure around drill hole 25013.

The Dargavel gold trend is located within Project 81. Noble’s Project 81 is located within the Kidd-Munro assemblage of the western Abitibi subprovince in Northern Ontario and is one of the largest contiguous, underexplored land packages in Ontario. The assemblage is one of the most ultramafic-rich volcanic successions of any age in the world and is hosts to the Kidd Creek VMS (volcanogenic massive sulphide) deposit, an important example of bimodal-mafic (ultramafic) volcanic-associated massive sulphide deposit, as well as the Crawford and Kingsmill nickel-cobalt-palladium deposits and the Lucas gold deposit.

Holdsworth gold property

The recently reacquired Holdsworth gold project was the subject of a 25-kilogram oxide sand sample that was shipped to Dundee Sustainable Technologies of Montreal, Que., for metallurgical analysis using its CLEVR process. DST’s CLEVR process provides mining companies with an alternative to the conventional methods of extracting gold with cyanide. The toxicity of cyanide and the environmental challenges related to this reagent are well documented. The method used by DST uses no cyanide and produces no toxic liquid or gaseous effluent; and the solid residues are inert, stable and non-acid generating.

Randy S.C. Singh, PGeo (Ontario), PEng (Ontario), vice-president, exploration and project development, a qualified person as such term is defined by NI 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 is a Canadian-based junior exploration company that, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd. as well as its interest in the Holdsworth gold exploration property in the area of Wawa, Ont., holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

We seek Safe Harbor.

https://noblemineralexploration.com/