Noble Mineral drills 19.8m of 0.52 g/t Au at Project 81

Mar 11, 2021

2021-03-11 08:05 ET – News Release

 

Mr. H. Vance White reports

PROJECT 81 EXPLORATION UPDATE DARGAVEL GOLD TARGET DRILLING RESULTS

Noble Mineral Exploration Inc. has provided an update on the 2020 diamond drilling campaign on Project 81- Dargavel gold trend. NOB completed 6 NQ size diamond drill hole totalling 1390.5m resulting in 822 core samples (Table 1) being sent to Activation Laboratories Ltd (Actlabs) in Timmins, Ontario for Au, Ag, Pt, Pd and 32 element ICP analysis. The late release of these results was all due to the late receipt of the final results from Actlabs.

The objective of the drilling campaign was to duplicate and expand on gold, platinum and palladium results published in historical drill hole (25013) drilled in the 1960 by CANICO and drill hole (K84-03) drilled the 1980’s by Chevron Canada Resources Ltd. The 2020 program found anomalous Au values but not with the same widths or grade as the historical. Uncertainty on the precise location of the historical drilling may be at fault. However, the program established that the Dargavel Gold Trend might be much larger and continuous than originally thought. (Tables 2 & 3).

 

 
   1: Noble's 2020 Diamond Drillhole Summary
 
                                                                   --
  Drillhole  Azimuth Dip Length Easting  Northing  Elevation Samples 
                         (m)                                 Taken   
                                                                     
  DAR-20-01  215     -50 109.5  461317.0 5429472.0 268       63      
                                                                     
  DAR-20-02  215     -50 129    461274.0 5429497.0 267       73      
                                                                     
  DAR-20-03  220     -50 108    461370.0 5429434.0 270       53      
                                                                     
  DAR-20-04  160     -50 276    463404.0 5427276.0 271       159     
                                                                     
  DAR-20-05a 180     -60 48     463463.0 5427242.0 270       0       
                                                                     
  DAR-20-05  180     -60 285    463464.4 5427244.0 270       176     
                                                                     
  DAR-20-06  235     -50 435    466252.4 5424552.8 260       298     
                                                                   --

 

3D geological modelling and 3D magnetic inversion studies have indicated that the mineralization to the SE of drill holes DAR 20-01 to DAR 20-03 is very prospective and that the current drill holes need to be deepened.

DAR 20-01 returned 0.73g/t Au over 3.05m in a semi-massive sulphide, hosted by an altered tuffaceous unit.

DAR 20-03 returned 0.64 g/t Au over 4.10m, including 1.45g/t Au over 1.5m in a brecciated tuffaceous unit.

DAR 20-05 which returned 0.67g/t Au over 18.0m and a combined 3.65g/t Au+Pt+Pd over 1.5m in a sulphide rich, altered mafic intrusive unit, and is a completely new discovery that targeted an interpreted fold nose previously not tested. This discovery ties in the historical mineralization to the NW to that in the SE.

DAR 20-06 which returned 0.52g/t Au over 19.8m, and 2.41g/t Au over 1.5m in a tuffaceous unit ended in mineralization and NOB believes that this hole needs to be deepened. NOB also believes that this was the top of a larger gold mineralized alteration zone.

 

 
  Table 2: Assay Highlights from 2020 Drilling Program
 
                                                                      
  DDH       Assay (g/t)                  From (m) To (m) Interval (m) 
                                                                    - 
  DAR-20-01 0.73 Au                      64.25    67.30  3.05         
                                                                    - 
  DAR-20-03 0.64 Au                      83.40    87.50  4.10         
                                                                    - 
  DAR-20-04 0.34 Au                      74.45    76.00  1.55         
                                                                      
            0.35Au                       139.00   140.50 1.50         
                                                                    - 
  DAR-20-05 0.67 Au                      72.50    90.50  18.00        
                                                                    - 
  Including 2.84Au                       74.00    75.50  1.50         
                                                                      
            2.15Au                       84.50    86.00  1.50         
                                                                    - 
  AND       2.13 Au, 0.93 Pd and 0.58 Pt 155.00   156.50 1.50         
                                                                    - 
  DAR-20-06 2.41 Au                      396.50   398.00 1.50         
                                                                      
            0.52Au                       415.20   435.00 19.80        
                                                                      

  Table 3. Noble's 2020 Twinned Drillholes Comparison
 
                                                                                                    --
  Noble's 2020 Drilling                               Historical 1980's Drilling                      
                                                                                                      
  DDH       Au(g/t) Interval(meters) Dip  Length(m)   DDH    Au(g/t) Interval(meters) Dip   Length(m) 
                                                                                                      
  DAR-20-01 0.73    3.05             -50  109.5       25013  0.97    7.19             -55   110.3     
                    (64.25-67.30)                                    (59.86-67.06                     
                                                                     m)                               
                                                                                                      
  DAR-20-06 0.24    1.50(79.50-810)  -50  435         K-84-3 7.1     2                -45   218       
                                                                     (72-74m)                         

            1.05    0.90                                     3.8     2.1                              
                    (291.10-2920)                                    (319-321.1m)                     

            0.52    19.80                                                                             
                    (415.20-                                                                          
                    4350)                                                                             

  

 

Randy S C Singh PGeo (ON), PEng (ON), VP Exploration & Project Development of Noble and a “qualified person” as such term is defined by National Instrument 43-101, has verified the technical data disclosed in this news release on behalf of Noble Mineral Exploration Inc.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, 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. More detailed information is available on the website at

We seek Safe Harbor.

https://noblemineralexploration.com/

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