Noble Completes Phase 1 Drilling on Boulder Project near Hearst, Ontario: Provides Update on Timmins and Wawa Area, Gold Projects
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Noble Completes Phase 1 Drilling on Boulder Project near Hearst,
Ontario:
Provides Update on Timmins and Wawa Area, Gold Projects
Toronto, Ontario – October 29, 2024 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)
(TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that Phase 1
drilling on the 214 claims in Way Township (Boulder Project) has been completed . The claims
extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is
equivalent to approximately 4,500 hectares or 45 sq km. The purpose of the Phase 1 drill program
was to identify the nature of the till and bedrock geology in the vicinity of the mineralized boulder
discovery. This was necessary since about 90% of the property is glacial till covered.
Historically, a sample of a metalliferous boulder, brought to the Timmins Mining District Regional
Resident Geologist in 2019 by a Mr. A. Cousineau, was submitted for chemical analysis to Geolabs
in Sudbury to establish its metal and mineralogical makeup. Geolabs determi ned that the boulder
contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/t of silver, 3.79 g/t of gold; 4.43 g/t of
palladium; and 2.22 g/t of platinum and consisted primarily of cuprite (van Hees et al., 2020).
In 2021, Noble launched a surface exploration program to in an effort to identify the source of the
boulder. Basal till samples collected from two fences of hand auger holes, located about 100 m
and 1 km north of the boulder, produced 35 gold grains. In 2022 an airborne geophysical survey
was flown over the property followed by a ground geophysical survey in November/December
2023.
The Phase 1 drill holes were focussed in the vicinity of the boulder location in order to better
understand the physical and fault related geology as defined by geophysics done in the Fall of
2023. The data collected in the Phase 1 drill program is in the process of being evaluated.
Induced Polarization (IP) surveys conducted in 2024 identified several anomalies, located
immediately north and northwest of the copper boulder discovery site. These IP and nearby
magnetic anomalies coincide with the location overburden drill holes that produced gold grains in
the overlying till.
Phase 2 drilling will be focussed on these various chargeability and conductive anomalies detected
during the recent ground and airborne surveys and will likely start in 2025.
The 2024 drill program was partially funded by OJEP (the Ontario Junior Exploration Program)
sponsored by the Ontario Government whereby 50% of the approved exploration expenses for the
project will be refunded back to Noble.
Figure 1: Photo of the Cousineau Boulder
References:
van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword,
L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Activities 2019, Resident
Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie
Districts; Ontario Geological Survey, Open File Report 6366, 160p.
The Lucas Township Gold Project
The Lucas Township Gold Project is a drill -ready project located approximately 30 km north of
Timmins, Ontario.
In 2018 Noble completed 15 NQ size diamond drill holes totaling 3,184 meters covering
approximately 650m strike length of the 1700m Gold Mineralized structure/trend identified from
2012 and 2018 Airborne Electromagnetic and Differential Magnetic Surveys. Noble located 37
historical drill-hole collars in the field and twinned three of these historical drill holes. No further
work has been done since 2018.
The Project has 6 discrete IP anomalous trends which require follow -up exploration. Only one
trend (Anomaly A, Figure 2, Table 1) has been investigated by diamond drilling to date. Gold
mineralization is interpreted to be structurally controlled and occur as discrete lenses stacked
within the pyrite plus gold mineralized tuffaceous unit.
Future work will include further drilling on the IP Anomaly A to further define the known gold
mineralization. In addition, testing the other 5, undrilled, IP anomalies to test for gold
mineralization similar to that found in Anomaly A.
Figure 2: Plan of Induced Polarization Zones Projected to Surface with Collars of 2018 Drilling
and Magnetic Background
Table 1: Gold Intersections from Noble’s 2018 Drill Program (True width not known at this time)
Holdsworth Gold Project
The Wawa-Holdsworth Project is located 3 km north of the town of Hawk Junction and 20 km
northeast of the town of Wawa in Corbiere and Esquega Townships, Ontario and comprises 18
contiguous fee simple absolute patented claims covering approximately 285 hectares. The property
has year -long road access as well as easy access to other infrastructure including rail, road,
electrical power, labour force and suppliers.
Historic work has defined three gold targets on the Wawa Holdsworth Project (Figure 3):
1) the Soocana Quartz Vein System
2) massive Pyrite Zones with an oxidized cap
3) black granular oxide zone referred to as the “Oxide Sands”
The Soocana Vein System was tested during 4 separate drill programs conducted between 1931
and 2008. Results from these drill programs indicated a strike length of 750 metres for the vein
system.
Selected channel sampling results across a 51-meter strike length of this vein averaged 14.7 g/t Au
in widths ranging from 0.5 to 1.5 meters. The latest drilling was done by Noble Minerals in 2008
(Table 2)
Figure 3: Gold Zones on the Holdsworth Property
Table 2: Noble Minerals 2008 Drill Program on the Soocana Vein System (True width not known
at this time)
The massive Pyrite Zones appear to be formed in a sulphide iron formation and represents a distinct
gold target. The sulphides exhibit shearing and form steeply 5 dipping east-west trending lenses
distributed along a mafic/felsic metavolcanic contact over a defined strike length of 2.2 km. Initial
drilling between 1918 and 1930 focussed on the sulphur content of the Pyrite Zones whereas the
exploration programs of the 1980s recognized a gold association. Seven drill holes in Pyrite Zones
contained assays that varied from nil to relatively wide sections gold bearing material, the best
being 0.85 g/t over 11.83 metres in a 1988 drill hole (Reed Lake Exploration Ltd.). Another gold