Exploration Update: Noble Minerals Acquires a Critical and Strategic Mineral (Rare Earth/Niobium) Prospect North of Hearst, Ontario. Noble has acquired by staking 677 claims (1400 hectares or 140 sq. km.) on Nagagami Carbonatite/Alkalic Complex
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Exploration Update:
Noble Minerals Acquires a Critical and Strategic Mineral (Rare
Earth/Niobium) Prospect North of Hearst, Ontario.
Noble has acquired by staking 677 claims (1400 hectares or 140 sq. km.) on
Nagagami Carbonatite/Alkalic Complex
Exploration model is a Niobec- style of mineralization (Quebec) where
Niobium has been produced since 1976 and the property has a measured
and indicated resource of Rare Earth Metals
The Nagagami Project falls within the Ontario Government Critical Minerals
Directive issued this year in order to find local sources of strategic materials
Around the world, governments are implementing policies that are
accelerating innovative technology that rely heavily on critical and strategic
minerals as raw materials for electric vehicles, clean energy, and
information communications technology
In addition, the project will qualify for the Ontario Junior Exploration
Program for 2022, sponsored by the Ontario Government to fund up to
$200,000 of the proposed exploration program which will begin in early 2022
The Nagagami Complex has been grossly under -explored with a limited
amount of drilling by Algoma in the 1960’s in search of iron deposits.
Toronto, Ontario – December 16, 2021 – Noble Mineral Exploration Inc. (“Noble” or the
“Company”) (TSX -V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) Noble Minerals is pleased to
announce that it has acquired 677 claims through staking, to cover the Nagagami
Carbonatite/Alkalic Complex, located about 65 kilometers Northwest of Hearst Ontario The
staked area is equivalent to about 1400 hectares or 140 square kilometers.
Recent research by Noble indicated remarkable similarities between the niobium producing
Niobec Mine and the Nagagami Complex. The Niobec Mine now owned by IAMGOLD started
commercial production of niobium pentoxide in 1976. It is one of the major sources of niobium
in the world and North America’s only source of pyrochlore. It currently produces around 7%-
8% of the niobium used globally. Niobec also has a resource in rare earth metals.
A study of the magnetic data for the Nagagami Complex and the Niobec Mine both indicate a
donut shaped struc tures with syenitic rocks forming the circular magnetic high with
carbonatitic rocks forming the central magnetic low . At Niobec, it is in the central magnetic
low where the Niobium and Rare Earth mineralization is hosted. (See Fig 1 and 2)
Figure 1: Magnetic map of the Niobec Mine near St Honore, Quebec . Green circles indicate
drilling in the central magnetic low where niobium and rare earth mineralization is found.
Figure 2: Magnetic map of the Nagagami Carbonatite Complex located northwest of Hearst,
Ontario. Note the magnetic high ring and the central magnetic low similar to the Niobec Mine
at St Honore Quebec.
Recently the Ontario Government, along with the Canadian and World governments have
implemented policies in order to stimulate the search for strategic and critical metals that are
in short supply due to the worldwide push for clean energy, battery, and communication
technology. To promote this, the Ontario Government has launc hed the Ontario Junior
Exploration Program to help Mining companies explore for these metals in Ontario through
grants. Noble will apply for the Ontario grant on the Nagagami project.
Previous work in the Nagagami area has been spotty due in part to the fact that the complex
is not exposed on surface . Algoma Ore Properties performed the original airborne magnetic
survey in the area that Identified the complex. Limited drilling was aimed at the magnetic ring
structure in search of iron deposits. Despite drilling in the wrong geology for niobium and rare
earth metals, one of the Algoma drillholes returned an assay of 0.3% Nb205 from a grab
sample of syenite taken at 230 feet . Fluorite was noted in one drill hole as red -brown, waxy
hydronephelite (an alteration form of nepheline) comprising 5-10% of the rock. The existence
of fluorite is characteristic of carbonatite style mineralization.
About 4.5 kilometers south of the Nagagami Complex, Zenyatta Ventures is developing the
Albany graphite deposit . The Albany deposit is classed as one of the largest known
hydrothermal graphite deposits in the world. Hydrothermal graphite is the purest, but also
the rarest, form of graphite . The graphite mineralization here appears to be related to the
emplacement of the Nagagami complex resulting in the possible occurrence of similar
mineralization and geology on the Noble property.
Identified carbonatites in the area known to host economic m ineralization are identified in
Figure 3.
Vance White, President and CEO of Noble, said ” we are very pleased to add this
project to our portfolio of mineral projects most of which are directed at the search for
the battery and strategic related mineral s. The Nagagami Carbonatite complex is
virtually virgin ground due to a lack of modern exploration techniques. We are
preparing a work program for early 2022.”
Michael Newbury P.Eng. (ON), 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 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 as well as an additional ~11,000 hectares in the
Timmins area. Project 81 hosts diversified drill -ready gold, nickel-cobalt and base
metal exploration targets at various stages of exploration. It also owns the Buckingham
Graphite Property, the Laverlochere Nickel, Copper, PGM property and the Cere-
Villebon Nickel, Copper PGM property all of which are in the province of Quebec. More
detailed information is available on the website at www.noblemineralexploration.com
.
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB.”
Cautionary Statement:
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 acc uracy of this release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained
herein.
The foregoing information may contain forward -looking statements relating to the
future performance of Noble Mineral Exploration Inc. Forward- looking statements,
specifically those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially from the Company’s plans and
expectations. These plans, expectations, risks, and uncertainties are detailed herein
and from time to time in the filings made by the Company with the TSX Venture
Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume
any obligation to update or revise its forward- looking statements, whether as a result
of new information, future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]