Noble Mineral hires NPLH for Project 81 drilling

May 4, 2020

2020-05-04 09:47 ET – News Release

Mr. Vance White reports

PROJECT 81: EXPLORATION UPDATE — NOBLE TO DRILL DARGAVEL TWP GOLD TARGETS

Noble Mineral Exploration Inc. has contracted NPLH Inc. to begin an initial 1,000-metre drill campaign on the Dargavel township gold targets, which form part of Project 81 and are located in the Dargavel township, north of Timmins, Ont., Canada. The program is designed to test approximately 6.5km strike length of a well-defined structural feature identified by Airborne Magnetic & Electromagnetic Surveys completed in 2012 and in follow-up orientation EM & Mag surveys in 2017. This structure was drill tested in the 1960s (Table1) and is located within a structurally complex setting and comprise of a series of volcanics and sediments wedge between two large felsic intrusive bodies. Noble believes that the historical drill holes, based on 1950’s airborne surveys and the lack of GPS positioning at that time, did not test the best targets/anomalies within these structures.

The funding for this program is being provided 50% by Noble and 50% by a private investor. Noble has agreed with the investor that if the outcome of the program is positive, Noble will enter into good faith negotiations with the investors to enter into an option and joint venture agreement that would recognize the investors and Noble as each holding their respective interests in the drilled property, subject to standard dilution provisions to the extent that either does not fund future maintenance and exploration expenditures. All agreements between Noble and the investors are subject to compliance with TSX Venture Exchange policies.

Randy S.C. Singh, PGeo (ON), P.Eng (ON), VP- Exploration & 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, in addition to its shareholdings in Canada Nickel, 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 in excess of 78,500 hectares of mineral rights in the Timmins – Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts multiple diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

We seek Safe Harbor.

https://noblemineralexploration.com/