Noble Minerals Announces Drilling Results from Noble Minerals- Canada Nickel Joint Venture
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Minerals Announces Drilling Results from Noble Minerals-
Canada Nickel Joint Venture
Highlights
• Drill Program completed on the Mann and Reaume Properties, part of the Noble Minerals-Canada
Nickel Joint Venture (ExploreCo)
• Mann Central Property: Drill results include 223 meters of 0.29% nickel including 10 meters of
0.51% nickel
• Mann West Property: Drilling successfully delineated mineralization over a 1,700 meter strike
length and 600 meters width
• First assays from 2024 drilling at Mann West yield excellent results including 330 metres of 0.26%
nickel in MAN24-58 including a total of 24.5 metres of 0.35% nickel; initial resource estimate
expected by Q1 2025
• Multiple gold intervals in Mann North drilling including 4.5 metres of 2.36 g/t gold within 45
metres of 0.45 g/t gold at MAN24-67
• Reaume Property: Drilling indicated an improved nickel grade
Toronto, Ontario – October 31, 2024 – Noble Mineral Exploration Inc. ( “Noble” or the “Company”) (TSX-
V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce results of a drill program on joint venture
properties (ExploreCo) north of Timmins Ontario (See Canada Nickel Press Release dated October 31, 2024).
ExploreCo, the name of which will be announced in due course, will control 1,989 mining claims totaling
approximately 42,000 hectares and will include nickel properties in Mann, Newmarket, and Reaume
Townships as well as Calder, Galna, McCool, Moody, Mortimer, Stimson, and other properties currently held
by Canada Nickel (see Figure 1, ExploreCo properties shown in purple).
Figure 1 - Regional Map of ExploreCo Properties (purple)
Under the Binding Letter of Intent, the first $5 million of funding for ExploreCo will be provided from existing
funds by Canada Nickel, after which costs will be funded by pro rata ownership basis, which will initially be
80% Canada Nickel and 20% Noble. Canada Nickel and Noble will continue to maintain their existing royalty
rights on the ExploreCo claims, as will previous claim owners who had vended claims to Noble. (see NR July 8,
2024)
Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane. The Company
has completed a drill program in three of the four identified areas within the property, Mann North, Mann
West (together formerly Mann Northwest), and Central. (Figure 2). Exploration at Mann South is currently
underway. Canada Nickel currently owns 80% of the Mann Property after successfully completing an earlier
earn-in agreement with Noble Mineral Exploration. This property is part of the creation of an 'ExploreCo'
subsidiary with Noble Mineral Exploration (see press release July 8, 2024) with Noble owning the other 20%.
Figure 2 – Mann Property
Mann West
Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres).
The drill program has focused on the southern half of the target with drilling completed over a strike length of
1.7 kilometres and a width of at least 600 metres. All drillholes intersected long sections of well-serpentinized
peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily
of pentlandite and heazlewoodite. The Company has drilled 40 holes to date at Mann West (Figure 3), 31 of
which were drilled during the 2024 program. With this drilling, the Company has completed the first phase of
exploration that is required for an initial resource estimate expected by Q1 2025. Assays from nine holes are
presented in this release, with the remaining holes at Mann West still pending.
Table 2 – Mann West drilling highlights.
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MANN WEST
MAN24-33 11.2 396.0 384.8 0.24 0.011 0.009 0.008 0.35 6.48 0.028
including 174.0 183.0 9.0 0.30 0.014 0.018 0.011 0.18 6.34 0.100
MAN24-37 8.7 180.0 171.3 0.26 0.011 0.005 0.006 0.15 6.04 0.037
and 236.4 402.0 165.6 0.26 0.012 0.008 0.007 0.24 6.26 0.071
including 267.0 273.0 6.0 0.37 0.013 0.004 0.005 0.30 7.73 0.100
and 361.5 369.0 7.5 0.38 0.013 0.078 0.043 0.18 6.35 0.162
MAN24-45 6.2 402.0 395.8 0.24 0.013 0.016 0.010 0.39 6.60 0.235
including 136.5 144.0 7.5 0.30 0.014 0.044 0.015 0.75 6.99 0.086
MAN24-49 5.4 198.2 192.8 0.19 0.013 0.029 0.017 0.41 7.44 0.081
and 221.6 402.0 180.4 0.21 0.011 0.003 0.006 0.42 6.69 0.033
MAN24-54 49.5 192.8 143.3 0.26 0.011 0.003 0.003 0.13 5.80 0.045
and 216.5 402.0 185.5 0.27 0.012 0.012 0.007 0.28 6.22 0.029
including 268.5 277.5 9.0 0.48 0.019 0.003 0.003 0.62 7.86 0.015
MAN24-58 21.0 351.0 330.0 0.26 0.013 0.015 0.007 0.24 6.51 0.076
including 193.5 204.5 11.0 0.35 0.015 0.023 0.009 0.44 6.86 0.110
and 307.5 321.0 13.5 0.36 0.016 0.040 0.018 0.19 7.17 0.130
MAN24-62 8.6 501.0 492.4 0.18 0.014 0.041 0.026 0.31 7.88 0.047
MAN24-69 7.2 229.5 222.3 0.19 0.013 0.022 0.015 0.38 7.35 0.054
and 264.0 491.0 227.0 0.19 0.013 0.004 0.005 0.41 7.35 0.023
MAN24-71 23.5 260.5 237.0 0.27 0.012 0.011 0.009 0.25 6.29 0.082
including 63.0 108.0 45.0 0.37 0.013 0.036 0.018 0.15 5.77 0.196
and 302.2 501.0 198.8 0.17 0.012 0.014 0.032 0.36 7.56 0.027
*True width undetermined. All lengths are drillhole lengths.
Figure 3 – Mann West
Mann Central
The outline of the ultramafic body at Mann Central is estimated by magnetics to be 4.5 kilometres long and
between 0.5 to 1.0 kilometres wide (or 3.1 square kilometres). Drilling at this target was completed during the
spring/summer of 2024 and now totals 32 drillholes and 11,853 metres. Mineralization is more consistent near
the center of the target over an area of 1.9 kilometres by 600 metres (1.1 square kilometres). This release
provides an update for 13 drillholes (Table 3), all of which intersected varying degrees of mineralized peridotite
with minor pyroxenite dykes.
Mafic volcanics with abundant sulphide mineralization in the north contact were intersected in eight holes
including MAN24-32 which yielded 3.3 metres of 1.03% nickel, 0.31% cobalt, and 0.57 % copper. Assays are
still pending for 10 drillholes and the results from nine drillholes were previously released (see press release
September 10, 2024).
Table 3 – Mann Central drilling highlights.
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAN24-19 3.0 304.0 301.0 0.18 0.012 0.008 0.006 0.42 7.36 0.037
and 384.0 396.8 12.8 0.18 0.010 0.003 0.008 0.33 6.29 0.083
MAN24-22 9.0 552.0 543.0 0.24 0.012 0.005 0.006 0.17 5.90 0.057
Including 195.0 207.0 12.0 0.29 0.013 0.022 0.008 0.14 5.66 0.082
MAN24-26 12.0 55.5 43.0 0.25 0.011 0.003 0.008 0.18 5.85 0.101
and 100.5 399.0 298.5 0.23 0.011 0.004 0.003 0.16 6.22 0.052
MAN24-32 90.0 402.0 312.0 0.21 0.015 0.004 0.004 0.27 6.42 0.121
including 96.0 99.3 3.3 1.03 0.308 0.026 0.013 0.14 19.78 4.840
MAN24-34 75.0 259.0 184.0 0.22 0.011 0.008 0.008 0.31 6.79 0.044
and 297.0 402.0 105.0 0.24 0.011 0.007 0.008 0.22 5.97 0.080
MAN24-35 25.2 144.3 119.1 0.22 0.012 0.003 0.004 0.24 6.74 0.051
and 161.0 387.0 226.0 0.18 0.013 0.005 0.006 0.40 7.39 0.030
MAN24-39 97.5 171.0 73.5 0.19 0.011 0.007 0.007 0.45 7.28 0.049
MAN24-40 103.3 153.0 49.7 0.24 0.012 0.004 0.004 0.26 6.10 0.071
and 141.0 396.0 255.0 0.21 0.012 0.005 0.005 0.41 7.05 0.031
MAN24-43 76.7 182.4 105.7 0.22 0.012 0.005 0.006 0.22 6.37 0.114
and 205.4 402.0 196.6 0.23 0.012 0.003 0.005 0.38 6.56 0.033
MAN24-44 43.0 186.7 143.7 0.21 0.011 0.004 0.004 0.30 6.65 0.029
and 195.0 402.0 207.0 0.19 0.013 0.005 0.007 0.415 7.176 0.030
MAN24-52 11.4 46.7 35.3 0.31 0.037 0.003 0.006 0.169 5.794 0.176
and 73.0 400.0 327.0 0.20 0.013 0.004 0.005 0.390 6.779 0.028
MAN24-56B 45.0 402.0 357.0 0.20 0.013 0.003 0.005 0.411 7.126 0.022
MAN24-60 31.9 241.2 209.3 0.20 0.013 0.007 0.007 0.369 6.920 0.060
and 277.5 310.9 33.4 0.26 0.015 0.003 0.004 0.055 8.981 0.057
*True width undetermined. All lengths are drillhole lengths.
Figure 4 – Mann Central
Mann North
The Mann North target is approximately 1.5 kilometres long by 600 metres wide (0.9 square kilometres)
(Figure 4). Drilling was completed during the summer of 2024 and consisted of a preliminary exploratory phase
of 16 drillholes totaling 6,315 metres. The majority of these holes intersected long sections of peridotite, with
minor dunite (Table 4) with nickel grades in the peridotite consistent with Crawford. The peridotites, however,
have anomalous values of platinum (Pt) and palladium (Pd) over significant intervals, as seen on Table 5. Hole
MAN24-31, for example, intersected 12.7 metres of 0.58 g/t Pt+Pd and MAN24-50 intersected 16.7 metres of
0.50 g/t Pt+Pd.
In addition to the anomalous Pt and Pd, the ultramafic units at Mann also have higher values for gold, especially
near certain contacts. The intersections can be high grade and narrow such as in MAN23-12 which intersected
4.93 g/t gold over 1.5 metres or c an be thicker and lower grade such as in MAN24 -67 which intersected 0.45
g/t gold over 45.0 metres. Nine of 15 of the drillholes at Mann North assayed to date include gold intersections
of 0.4 g/t gold or higher. Significant intersections are summarized in Table 6.
Assays are pending for three remaining holes.
Table 4 – Mann North drilling highlights
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAN24-24 39.0 109.5 70.5 0.15 0.010 0.004 0.003 0.43 6.77 0.061
MAN24-31 28.4 519.0 490.6 0.18 0.012 0.013 0.022 0.38 6.88 0.061
including 57.0 72.0 15.0 0.30 0.014 0.044 0.024 0.28 6.47 0.280
MAN24-36 21.0 408.0 387.0 0.21 0.012 0.012 0.010 0.50 6.93 0.063
MAN24-46 18.8 312.5 293.7 0.17 0.012 0.005 0.007 0.40 7.54 0.028
and 327.9 399.0 71.1 0.17 0.014 0.012 0.008 0.39 8.25 0.057
MAN24-47 18.0 402.0 384 0.18 0.012 0.006 0.008 0.48 7.36 0.035
MAN24-50 21.5 280.6 259.1 0.15 0.012 0.004 0.005 0.45 7.54 0.024
and 313.5 390.0 76.5 0.18 0.013 0.010 0.011 0.41 7.29 0.051
MAN24-51 45.0 171.0 126 0.16 0.013 0.008 0.010 0.44 7.76 0.030
and 196.0 402.0 206 0.16 0.012 0.005 0.005 0.34 7.25 0.032
MAN24-53 15.0 402.0 387 0.11 0.012 0.007 0.010 0.33 8.07 0.032
MAN24-55 17.4 177.8 160.4 0.18 0.013 0.005 0.005 0.53 7.56 0.046
and 352.5 402.0 49.5 0.19 0.012 0.007 0.017 0.36 6.67 0.039