Noble Mineral contractor to resume Project 81 survey

Jan 11, 2018

2018-01-11 07:56 ET – News Release

Mr. H. Vance White reports

PROJECT 81 2018 EXPLORATION UPDATE

Noble Mineral Exploration Inc. has provided the following update on various aspects of the 2018 exploration campaign to be carried out on Noble’s large contiguous and extensive, underexplored and very prospective property north of Timmins and adjacent to the world-class Kidd Creek mine, celebrating its 50th year of continuous production.

High-definition gravity gradiometer survey (HD-AGG)

Noble is pleased to announce that Gedex Earth Inc. will resume flying the high-definition gravity gradiometer survey (HD-AGG) using its new state-of-the-art HD-AGG system. The completed survey will entail completing approximately 10,000 line kilometres over the entire Project 81 acreage totalling approximately 70,000 hectares. 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.

The Gedex HD-AGG is a patented technology that provides an innovative method for measuring changes in the Earth’s gravitational field at resolutions significantly higher than ever previously 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. It is anticipated that current and legacy geophysical data when combined with HD-AGG data will result in improved subsurface imaging. Noble is very pleased to acquire potentially over 10,000 line kilometres of this HD-AGG data over Project 81 to prioritize targets on, and advance its exploration of this property.

Heliborne electromagnetic and magnetic survey over Carnegie and Crawford townships by BECI

Noble has completed and received final results of two airborne EM and mag surveys in January, 2012, and July, 2017, that now covers the entire about 70,000 hectares of Project 81, and has outlined several bedrock conductors and mineralized trends that have been confirmed by historical drill holes dating back to the 1960s. These surveys have identified EM and mag geophysical drill ready targets in a number of the townships included in Project 81.

Data compilation by ORIX Geoscience

Noble is pleased to announce that ORIX has completed and presented to Noble and its joint venture partners compilation reports on Carnegie and Crawford townships. These reports identify a number of high-priority drill targets. It is anticipated that completion of data for Dargavel and Lucas townships should be available in the very near term. Orix Geoscience will continue to compile comprehensive datasets for the entire Project 81, that will allow Noble to aggressively seek additional JV partners.

Lucas drill program

Noble is also pleased to announce that it has entered into a contract to carry out a diamond drilling campaign on the Lucas gold target, which forms part of Project 81 and is located in Lucas township, near Timmins, Ont., Canada. The program is designed to test over 700-metre strike length of the gold mineralized structures outlined by historical drilling that are National Instrument 43-101 non-compliant and by recently completed IP survey, airborne differential magnetic survey and airborne EM survey.

A program totalling six to 10 NQ size diamond drill holes for approximately 3,000 m is being proposed for this drill campaign in order to confirm historical drilling results dating back to 1960 to 1980s by Canico, McIntyre Porcupine Mines Ltd. and Abitibi Price Resources on the Lucas township gold target. Historical non-compliant NI 43-101 results have been previously released by the company in earlier releases dated Dec. 1, 2011, and Dec. 5, 2011, and have been posted on the company’s website.

Noble JV partners drill/exploration programs

It is anticipated that Noble JV partners will be in a position to execute diamond drill programs over the optioned townships as previously announced on completion and confirmation of EM targets from the airborne gravity gradiometer survey.

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.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian based junior exploration company which, apart from its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Wawa-Holdsworth gold exploration property in Wawa, Ont., has as its flagship program Project 81, which 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 which 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.

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.

Steve Balch, PGeo — president and founder of BECI, is 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 BECI.

We seek Safe Harbor.

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