Noble Signs Exploration Agreement with the Constance Lake First Nation
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Signs Exploration Agreement with the Constance Lake First
Nation
Toronto, Ontario – August 22, 2022 – Noble Mineral Exploration Inc. ( “Noble” or the “Company”) (TSX-V:NOB,
FRANKFURT: NB7, OTCQB:NLPXF) Noble is pleased to announce that it has entered into a Exploration Agreement
(“Agreement”) with the Constance Lake First Nation (“CLFN)”) in relation to exploration and potential development at
both the Company’s Nagagami and Boulder Projects near Hearst, Ontario.
The Agreement establishes a commitment by Noble to provide accommodation, to engage in ongoing consultation and
establish a mutually beneficial cooperative and productive relationship with the CLFN located in the Projects area. The
agreement also provides the First Nation with an opportunity to participate in the benefits of the Project s through
priority access to business opportunities, employment and training, and through financial compensation.
Vance White, President and CEO of Noble, said: "we are fully committed to the responsible exploration and potential
development of what we believe to be two very exciting opportunities in heretofore underexplored mineral lands. Our
approach is to work with First Nations in order to create shared value through economic opportunities, while also being
respectful and responsible stewards of the natural environment. Noble acknowledges Constance Lake First Nation in its
commitment to protect and enhance the land and resource based economy within its Traditional Territory. We welcome
the First Nation in a constructive and collaborative approach to the exploration and potential development of the
Projects.”
Chief Ramona Sutherland of the Constance Lake First Nation says, “Co nstance Lake First Nation ensures that any
development in our Territory is done right, only with respect for the lands and our people and only with our free, prior
and informed consent. We are pleased that Noble has agreed to proceed in this respectful way.”
The Projects
Nagagami Carbonatite Niobium and Rare Earths Project, Ontario (~14,000 ha)
An Early Exploration Permit has been received from the Province and helicopter supported drilling is expected to begin in
September.
Past work in the Nagagami area has been spotty in the past. Part of this is due 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 0.3% Nb205 from a grab sample of
syenite taken at 230 feet downhole. 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.
Figure 1: Comparison of the Nagagami Complex (left) with the Niobec Mine in Quebec
The Boulder Project (~4,500 ha)
In 2019 Ontario Geological Survey analyzed a sample from the 140kg boulder and determined 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 the mineral cuprite
During the Fall of 2021 Noble launched an exploration program on the property to in an effort to identify the source of the
boulder. Basal till samples collected from two fence lines of hand auger holes, located about 100 m and 1 km north of
the boulder location, produced 35 gold grains. These gold grains defined a southeast -northwest trending dispersion train
that indicates they were transported southeast by a glacial transport from a source area located to the northwest. The
dispersion train appears to begin near a northeast trending magnetic anomaly to the northwest of the property. The gold
grains are predominantly reshaped (24) but also include modified (7) and pristine (4), supporting evidence of local source.
The cost of the staking, sampling and assaying to date has been.
Work will continue during the 2022 field season including a helicopter airborne survey, expected to be completed in
September.
Figure 2: The Cousineau Boulder cut in half.
Historical exploration results disclosed in this news release are non-compliant with the requirements of National Instrument
43-101.
Michael Newbury PEng (ON), a “qualified person” as such term is defined by National Instrument 43- 101, has reviewed
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, will continue to hold mineral rights to ~36,400
hectares, in the Timmins -Cochrane area of Northern Ontario, included in which Noble has acquired a 50% interest in 7
patents and 310 tenure identified mining claims totalling ~6,600ha in Carnegie, Kidd, Wark and Prosser Townships and
an option on 4,800ha in Calder Twp. 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 will also hold its recently acquired ~14,600 hectares in the Nagagami Carbonatite Complex near Hearst,
Ontario and ~14,400 hectares of mining claims in Central Newfoundland. In additi on, it holds mineral rights to ~3,700
hectares in the Buckingham Graphite Property, ~518 hectares in the Laverlochere Nickel, Copper, PGNM property and
~482 hectares in 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 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]