Noble Mineral Mobilizes a Diamond Drill to the Kidd2/Carnegie Project
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Mineral Mobilizes a Diamond Drill to the Kidd2/Carnegie Project
Near Timmins, Ontario
Toronto, Ontario – November 20, 2023 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB,
FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report that mobilization has begun in preparation for a November 27th
start of a 2,000 meter drill program on the Kidd2/Carnegie Project near Timmins , Ontario. As a result of the mild Fall and
continuing wet conditions, it was decided to use helicopter support in placing and moving the drill. As freeze-up progresses
the program will shift to a ground supported program from a helicopter supported drill program. This move will save money
and allow for more meters of drilling to be completed.
Noble Minerals in a joint venture with 11530313 Canada Inc. plans to spend $450,000 (approximately 2,000 meters of
drilling) on the current drill program on the Kidd2/Carnegie Project located approximately 2 kilometers north of the prolific
Kidd Creek Mine.
Research by the Noble staff and a recent geophysical survey (including Induced Polarization) has identified a chargeability
anomaly as a primary drill target on Noble held ground.
The Kidd2/Carnegie project is devoted to finding the extension of the Kidd Creek mineralization.
Up to $200,000 in grant money has been committed by the Ontario Junior Exploration Program.
Kidd2/Carnegie Project
The Kidd2/Carnegie Project consists of a group of patent ed and staked mining claims in the vicinity of the Kidd Creek
Mine and 24 km north of Timmins , Ontario presently owned by Glencore. The Kidd deposit is one of the largest
volcanogenic massive sulfide ore deposits in the world, and one of the world’s largest base metal deposits that lies within
the Abitibi greenstone belt. .
Exploration of this area in the past has been hindered by small land packages owned by various companies . Over the
years, Noble has been successful in assembling one of the largest land inventories in the vicinity of the Kidd Creek Mine
.
Noble Minerals has completed strategic Induced Polarization surveys to within 2 km of the Kidd Creek open pit on the Fly
Creek Rhyolite. The target of the program is rhyolite intercalated with ultramafic rocks on an anticlinal structure. It is
postulated that these rhyolites are the same age as the Kidd Creek mineralized rhyolites . Bleeker* (1999) proposed that
faults that slice through the Kidd Creek mine fold have displaced the northern limb of the Kidd Creek Mine fold up to 2 km
to the north and are interpreted to be time-stratigraphic equivalent. (See Figure 1).
In addition, the Fly Creek Rhyolite may be the faulted extension of the Chance Rhyolite where previously several Texas
Gulf drill holes intersected lead, zinc and silver mineralization.
To the west, Noble has used Induced Polarization to investigate a property that lies within 600 meters and on strike with
the Chance mineralization. This stratigraphic horizon also runs through the Kidd Creek Mine.
Figure 1: Geological Map of the Kidd Creek Area showing Relation of Area Rhyolites to the Kidd Creek
Rhyolite
Drill Program
The primary target of the drill program will be a chargeability anomaly located within the Noble Project Area on Figure 1
and located about 2000 meters north of the Kidd Creek Mine. Figure 2 is a plan showing the location of the chargeability
anomaly and proposed drill holes. Figure 3 is a pseudo-section with the corresponding resistivity and metal factor.
Figure 2: Plan showing the location of the chargeability anomaly and proposed drill holes. The yellow stars
indicate mineralization encountered in past drill programs.
Figure 3: Pseudo-section with the corresponding resistivity and metal factor.
Vance White, President and CEO of Noble, said “We are very pleased to get this program started
with the support of the OJEP grant and our partners 11530313 Canada Inc. Drilling will be underway
in the very near term.”
*Bleeker, W., 1999. Structure, Stratigraphy, and Primary Setting of the Kidd Creek Volcanogenic Massive Sulfide Deposit:
A Semiquantitative Reconstruction. Economic Geology Monograph 10, p. 71-121
Michael Newbury PEng (ON), a "qualified person" as 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 that, in addition to
its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals Corp.
and MacDonald Mines Exploration Ltd. It also has interest in the Holdsworth gold exploration
property in the area of Wawa, Ontario. It continues to hold ~25,000 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 and ~14,400 hectares of mining claims in Central Newfoundland.
Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at
various stages of exploration. It also holds ~14,600 hectares in the Nagagami Carbonatite Complex
and ~4,600 hectares in the Boulder Project both near Hearst, Ontario. In addition, Noble has ~482
hectares in the Cere-Villebon Nickel, Copper, PGM property, ~3,700 hectares in the Buckingham
Graphite Property, ~10,152 hectares in a Havre St Pierre Nickel, Copper, PGM property, ~518
hectares in the Laverlochere Nickel, Copper, PGM property, all of these are in the Province of
Quebec. More detailed information can be found on the Company’s website at:
https://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 accuracy 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 protected]