Noble Mineral stakes 8,536 ha near Project 81

Sep 6, 2018

2018-09-05 08:10 ET – News Release

Mr. H. Vance White reports

PROJECT 81 – EXPLORATION UPDATE NOBLE STAKES ADDITIONAL MINERAL CLAIMS CONTIGUOUS TO PROJECT 81

Noble Mineral Exploration Inc. has successfully staked 405 claim units, totalling approximately 8,536 hectares in two blocks, namely the Macdiarmid-Jamieson township block and the Mahaffy-Geary township block, Northern Ontario, Canada. The Mahaffy-Geary claim block ties onto Crawford and Aubin townships that are part of the company’s about 70,000-hectare Project 81, and is approximately 4,855 hectares. The Macdiarmid-Jamieson block staked is approximately 3,681 hectares. The claims staked were based on continuing analysis and evaluation by Noble’s geological and geophysical team whereby the areas staked have large electromagnetic and magnetic conductors and structures similar to the Kingsmill township nickel-cobalt deposit and the Crawford township nickel body.

The Kingsmill Ni-Co deposit is approximately 3.0 kilometres long, by 500 metres wide and 500 m in depth compared with the Royal Nickel Corp. Dumont deposit in Quebec, which is approximately 5.0 km in length, 500 m wide and 450 m in depth containing a proven and probable reserve of 1,178.6 million tons grading 0.27 per cent nickel and 107 parts per million cobalt (RNC feasibility study report No. 2280, dated July 25, 2013, by Ausenco Solutions Canada Inc. and titled “technical Report on the Dumont Ni Project, Launay and Trecesson Townships, Quebec, Canada).

A preliminary grade estimate of the Kingsmill Ni-Co deposit, composited from a limited number of diamond drill holes, is approximately 0.26 per cent nickel and 123 ppm cobalt. The company recently resampled a number of coarse rejects from the Kingsmill 2012 diamond drill campaign, using peroxide fusion analysis for nickel and cobalt, which returned on average a higher grade than the original total digestion (TD-ICP) and aqua regia (AR-ICP) analysis (results previously released on Aug. 1, 2018).

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) VMS deposits.

Noble president and chief executive officer Vance White said: “We are very pleased to have been able to acquire this about 8,500 hectares of open ground and add it to our about 70,000-hectare Project 81. Based on our geological and geophysical compilations we feel this ground could be prospective and subject to additional option to potential partners. It is important to remember here that the world-class Kidd Creek deposit had a signature of a gravity anomaly associated with an EM high and a mag low geophysical anomaly, and is spatially associated to an ultramafic body, and also, that in many locations around the globe, VMS deposits occur in clusters of several satellite VMS deposits in proximity to a very large VMS deposits such as the Kidd.”

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, a contiguous land package of approximately about 70,000 hectares covering 12 townships immediately north of the Kidd Creek mine (celebrating its 51st 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 confirmed the discovery of a very large, low-grade nickel-cobalt 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 2018 winter exploration season.

We seek Safe Harbor.

http://www.noblemineralexploration.com