Noble Minerals Announces Update to Drilling Results from Noble Minerals-Canada Nickel Joint Venture on Mann Twp
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Minerals Announces Update to Drilling Results from
Noble Minerals-Canada Nickel Joint Venture on Mann Twp
Highlights
• Positive results continue at Mann West with 28 of 31 holes with intervals greater than 0.3%
nickel including 0.52% nickel over 37.5 metres in MAN24-61 within 0.28% nickel over 356
metres
• New discovery at Mann South with MAN24-81 delivering 0.24% nickel over 508 metres
• Several holes with anomalous PGM horizons such as 0.82 g/t platinum+palladium over
18.6 metres and 0.77 g/t platinum+palladium over 24.5 metres in MAN24-100C at Mann
South
Toronto, Ontario – December 11, 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 December 11, 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).
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)
Commenting on the transaction under the Mann results to date, CEO of Noble said, “ we are extremely
pleased with the Mann results to date from the work carried out by Canada Nickel. We are in the final
stages of completing agreements related to the creation of ExploreCo which hope to have finalized in
the very near term.”
Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane and is
80% owned by Canada Nickel and 20% by Noble Mineral Exploration. The Company has completed
a drill program on four separate targets within the property in 2024, Mann North, Mann West (together
formerly Mann Northwest), Mann Central and Mann South. (Figure 1). This release provides an assay
update from 31 holes, 16 holes at Mann West, 11 holes at Mann South, and four holes at Mann
Central. 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%.
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 completed 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 a total of 39 holes to date at Mann West (Figure 2), with 31 holes 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 16 additional holes are
presented in this release.
Figure 1 – Mann Properties
Table 1 – Drilling highlights Mann Properties
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
Mann West
MAN24-42 9.0 345.2 336.2 0.24 0.012 0.004 0.007 0.20 6.40 0.068
and 371.7 402.0 30.3 0.19 0.010 0.003 0.005 0.38 6.82 0.053
MAN24-61 17.8 374.3 356.5 0.28 0.012 0.033 0.017 0.26 5.98 0.133
including 75.0 112.5 37.5 0.52 0.013 0.107 0.058 0.14 5.80 0.203
MAN24-70 18.0 501.0 483.0 0.24 0.011 0.007 0.008 0.27 6.12 0.067
including 144.0 172.5 28.5 0.29 0.011 0.007 0.007 0.14 5.52 0.076
MAN24-73 74.2 500.4 426.2 0.25 0.012 0.009 0.009 0.25 6.30 0.061
MAN24-74 7.9 278.5 270.6 0.19 0.014 0.027 0.016 0.40 7.40 0.057
including 25.5 31.5 6.0 0.31 0.013 0.028 0.013 0.82 6.67 0.125
and 318.0 402.0 84.0 0.24 0.013 0.003 0.005 0.16 7.45 0.026
MAN24-76 12.6 495.0 482.4 0.26 0.011 0.011 0.010 0.16 5.95 0.042
including 81.0 117.0 36.0 0.29 0.012 0.036 0.014 0.16 6.11 0.089
and 162.0 196.5 34.5 0.31 0.011 0.010 0.012 0.13 5.24 0.024
MAN24-78 19.4 402.0 382.6 0.24 0.013 0.012 0.010 0.38 6.54 0.053
including 261.0 294.0 33.0 0.30 0.013 0.031 0.021 0.52 6.67 0.100
including 274.5 282.0 7.5 0.41 0.015 0.057 0.027 0.72 6.95 0.178
MAN24-82 22.0 481.5 459.5 0.21 0.012 0.017 0.016 0.37 6.76 0.047
including 61.5 360.0 298.5 0.25 0.012 0.019 0.013 0.35 6.17 0.050
including 255.0 277.5 22.5 0.30 0.013 0.025 0.014 0.58 5.91 0.069
MAN24-83 6.0 403.0 397.0 0.21 0.013 0.016 0.011 0.58 7.43 0.087
including 144.0 195.9 51.9 0.27 0.014 0.030 0.024 0.68 7.87 0.064
and 305.5 336.0 30.5 0.27 0.013 0.019 0.009 0.60 6.30 0.080
MAN24-85 69.0 493.0 424.0 0.25 0.012 0.012 0.008 0.26 6.25 0.042
MAN24-86 14.2 462.0 447.8 0.23 0.012 0.006 0.006 0.41 6.33 0.027
MAN24-89 99.0 191.2 92.2 0.22 0.012 0.013 0.009 0.47 6.71 0.042
and 210.6 428.9 218.3 0.24 0.012 0.009 0.008 0.35 6.31 0.053
including 386.0 395.0 9.0 0.35 0.013 0.054 0.020 0.75 6.45 0.120
MAN24-92 27.4 426.9 399.5 0.25 0.012 0.016 0.008 0.39 6.27 0.046
including 267.0 286.5 19.5 0.34 0.015 0.083 0.034 0.66 6.57 0.114
and 324.0 349.5 25.5 0.30 0.012 0.037 0.015 0.57 6.29 0.125
and 433.6 501.0 67.4 0.20 0.013 0.013 0.021 0.50 7.35 0.047
MAN24-93 18.0 391.0 373.0 0.24 0.012 0.009 0.007 0.34 6.43 0.039
and 406.8 470.0 63.2 0.16 0.011 0.005 0.004 0.36 7.34 0.031
MAN24-94 102.0 501.0 399.0 0.24 0.012 0.012 0.009 0.39 6.50 0.039
including 400.5 415.5 15.0 0.30 0.011 0.044 0.021 0.57 6.57 0.083
MAN24-97 18.0 360.0 342.0 0.21 0.013 0.015 0.009 0.37 6.63 0.053
and 406.5 501.0 94.5 0.23 0.012 0.003 0.003 0.39 7.10 0.021
*True width undetermined. All lengths are drillhole lengths.
Figure 2 – Mann West
Mann South
This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and
irregular shape, with an overall area of 4.1 square kilometres. The CNC drill program at Mann South
started in August 2024 consisting of 20 drillholes, all of which intersected serpentinized peridotite and
dunite. Assay results for 11 drillholes are provided in this release with nine drillhole assay results still
pending. Mineralogical analyses are underway to help identify and prioritize the best areas, although
almost half of the strike length of the target remains untested (Figure 3).
Table 2 – Mann South drilling Highlights
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
Mann South
MAN24-66 39.0 139.5 100.5 0.23 0.013 0.003 0.003 0.29 8.03 0.070
and 187.5 402.0 214.5 0.18 0.013 0.003 0.004 0.43 6.61 0.019
MAN24-72 54.5 501.0 446.5 0.20 0.013 0.005 0.006 0.43 6.80 0.019
MAN24-75 16.9 420.0 403.1 0.24 0.010 0.018 0.006 0.30 7.92 0.051
MAN24-77 39.0 46.0 7.0 0.44 0.017 0.051 0.126 0.57 9.28 0.036
and 60.0 448.5 388.5 0.14 0.014 0.019 0.013 0.41 6.96 0.016
MAN24-81 44.3 552.0 507.7 0.24 0.011 0.003 0.003 0.38 7.55 0.056
MAN24-84 28.4 501.0 472.6 0.24 0.011 0.003 0.003 0.42 7.70 0.057
MAN24-90 49.3 501.0 451.7 0.23 0.012 0.004 0.005 0.37 6.33 0.015
MAN24-91 49.0 323.3 274.3 0.17 0.013 0.004 0.004 0.44 6.93 0.043
and 338.7 483.0 144.3 0.22 0.012 0.003 0.003 0.37 6.13 0.021
MAN24-99 51.3 402.0 350.7 0.17 0.013 0.004 0.012 0.46 6.60 0.011
MAN24-100C 21.0 112.4 91.4 0.16 0.014 0.036 0.096 0.37 7.46 0.010
and 131.0 172.0 41.0 0.22 0.012 0.010 0.010 0.61 5.69 0.031
and 340.5 378.4 37.9 0.19 0.013 0.005 0.003 0.56 6.52 0.027
MAN24-103 34.0 402.0 368 0.24 0.012 0.027 0.003 0.36 7.67 0.016
*True width undetermined. All lengths are drillhole lengths.
Figure 3 - Mann South