Nobel Withdraws from Option to Acquire LA Salvadora Copper Project IN Chile
NOBEL WITHDRAWS FROM OPTION TO ACQUIRE LA SALVADORA COPPER PROJECT IN CHILE
TORONTO, ONTARIO November 2 4, 2022 – Nobel Resources Corp . (TSX–V: NBLC; OTC: NBTRF ) (the
“Company” or “ Nobel”) has decided to withdraw from its option to acquire the Salvadora project (the
“Project” or the “Property”) in Chile. According to Vern Arseneau, COO of Nobel, “The Company has
reviewed all of the technical results to date. The Company intersected copper mineralization from all drill
holes, which were located in two areas of the Property , including several intervals grading more than 1%
copper. However, the mineralization did not demonstrate sufficient grade or continuity to support
development of a commercial scale copper mining operation . The potential for a covered oxide zone
associated with the sulphide copper mineralization was also evaluated by drilling , and the extent of the
copper oxide mineralization was too limited for development. The Company is excited to pursue its recently
acquired Pircas Verde Project, where potential for a larger deposit remains to be tested.”
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. David
Gower, P.Geo., as defined by National Instrument 43-101 of the Canadian Securities Administrators.
About Nobel
Nobel Resources is focused on exploring for and developing copper projects in Chile, the premiere copper
mining jurisdiction globally. The Company has a team with a strong background of exploration success in
the region.
For further information, please contact:
Vincent Chen
Investor Relations
www.nobel-resources.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward -looking information” within the meaning of applicab le Canadian
securities legislation. Forward-looking information includes, without limitation, regarding the prospectivity
of the Project, the mineralization of the Project, the Company’s ability to explore and develop the Pircas
Verde project 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 inte grate 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 in 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.