Nobel Provides Update ON LA Salvadora and Algarrobo Copper Projects, Chile
NOBEL PROVIDES UPDATE ON LA SALVADORA AND ALGARROBO COPPER PROJECTS, CHILE
TORONTO, ONTARIO November 8, 2021 – Nobel Resources Corp. (TSX–V: NBLC; OTC: NBTRF) (the “Company”
or “Nobel”) plans to commence the initial drill program on its newly acquired Salvadora copper project in
Chile. The program will commence as soon as the drill permit is received which is expected to be around
November 15th based on written correspondence from the regulators the file is in order. This permit will allow
for up to 39 drill platforms from which multiple holes can be drilled per platform. Drilling continues at its
flagship Algarrobo Project with the drill presently set up to te st the large Central Target (see news release
dated September 1, 2021).
Figure 1: Location of Algarrobo and Salvadora projects.
Algarrobo Update
Drilling has been proceeding slowly at the Central Target site due to a number of factors including mechanical
issues with the drill and the target site being covered by thick sand dunes which have resulted in logistical
challenges. These have been overcome and it is expected the program will proceed more efficiently going
forward. Set up included the establishment of a water reservoir at an accessible location for water trucks and
installation of several kilometers of water line. The first hole on this target is in progress. It is a very large
target and will require relatively long drill holes (500 -600 meters) to test it. Given the scale, the Company
expects to complete at least 4-8 drill holes within the 4 km x 2.5 km area of the IP anomaly in order to evaluate
its potential to host a major deposit.
La Salvadora Project
La Salvadora is an iron oxide copper gold (“IOCG”) project located approximately 2 hours drive from Nobel’s
flagship Algarrobo project. The Company plans to commence drilling around mid -November and intends to
complete approximately 2 ,000 meters of diamond prior to year- end. Accommodations and sites for core
storage, logging and sampling have already been identified an d the crews are ready to start as soon as the
permit is received. Meetings with officials have indicated the documentation for the permit is complete and
delays are not expected. The initial drill program will focus on three main targets. Historical drilling used
reverse circulation (RC) rigs so no core is available to the Company to assess the geology or structure. The
initial targets include:
1. Area of SLVA -RC-0002 which intersected 72 meters grading 1.21% copper and 0.21 g/t gold. This
area is wide open for expansion.
2. A second distinct buried magnetic anomaly approximately 1 kilometer to the south with only a single
drill hole in it (SLVA-RC-0010) which intersected 20 meters grading 0.6% copper and 0.15g/t gold at
shallow depths.
3. A series of short drill holes to evaluate the extension of the copper oxide zone that extends at least
750 meters along a northwest trending mineralized structure.
La Salvadora occurs in the vicinity of the large Manto Verde (Anglo American) and Santo Domingo (Capstone
Mining) IOCG deposits (Figure 2 ). The area is well serviced by all weather roads and can be worked year-
round. The region is well established as a mining area where community support is known to be strong and
there is good access to infrastructure, including electricity, water and ports or mining infrastructure in country.
Note that historical drill hole results are from RC drill holes and the Company has not seen QA/QC data for the
assays and representative RC chips were preserved. Readers are cautioned that these potential grades are
from single drill holes and there has been insufficient exploration by the Company or its qualified person at La
Salvadora to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will
result in these targets being delineated as a mineral resource or mineral reserve.
Vern Arseneau, P.Geo., COO of Nobel comments, “We are looking forward to getting boots on the ground and
start the drilling at La Salvadora. The project is very accessible and we will have two strong projects with drills
running in this highly prolific copper producing region of Chile.”
Figure 2: Location map showing the La Salvadora Project as well as major projects and operations in the
region.
Figure 3: Cross section showing historical drill hole SLVA-RC-0002 down dip from where the copper oxide
mineralization is exposed in trenches and intercepted in shallow RC holes.
Figure 4: Magnetic map of a portion of La Salvadora showing SLVA -RC-0010 on the southern magnetic
anomaly. The series of white historical RC drill holes show the distribution of near -surface copper oxide
mineralizaton.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. Vernon
Arseneau, P.Geo, as defined by National Instrument 43-101 of the Canadian Securities Administrators.
About Nobel
Nobel Resources has the right to acquire 100% interest in each of the Algarrobo project and the La Salvadora
Project, both potential Iron Oxide Copper Gold Ore (IOCG) style, high grade copper properties in Chile. The
country is a top mining jurisdiction as it is strategically located within 25 km from port and has world -class
IOCG deposits within the Major Candelaria belt. Chile’s mining capabilities benefit from close to surface, high
grade mineralization within the mining face and has the necessary permitting in place.
For further information, please contact:
David Gower
Chief Executive Officer
www.nobel-resources.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, regarding the prospectivity of
each of the Algarrobo project and the La Salvadora project (collectively, the “Projects”), the mineralization of
the Projects, the Company’s ability to explore and develop the Projects, timing of the Company receiving drill
permits; access to drilling equipment; and the Company’s future plans. Generally, forward-looking information
can be identified by the use of forward -looking terminology such as “plans”, “expects” or “does not expect”,
“is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends” , “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward - looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Nobel, as the case may be, to be materially different
from those expressed or implied by such forward -looking information, including but not limited to: general
business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in the mining industry. Although Nobel has
attempted to identify important factors that could cause actual results to differ materially from those
contained i n forward -looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward -looking information. Nobel does not
undertake to update any forward-looking information, except in accordance with applicable securities laws.
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