PROJECT 81- Exploration Update JV Partner Announces a Significant Nickel, Cobalt, PGE Discovery
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
PROJECT 81- Exploration Update
JV Partner Announces a Significant Nickel, Cobalt, PGE Discovery
• Hole CR18-01 Intersected 291m assaying 0.293% Ni, 118 ppm Co, .02 g/t Pd and .011 g/t Pt
• Drill Holes 03 and 04 Ended in Mineralization with Increasing Grade
Toronto, Ontario – March 04, 2019 – Noble Mineral Exploration Inc. (“Noble” or
the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to
announce that its Option and JV partner Spruce Ridge Resources Ltd (TSX-V SHL)
announced the results of its 2018 diamond drill program on the Crawford Ultramafic
Complex. (The Table and Map below were taken directly from the Spruce Ridge
Resources Ltd., News Release of March 01, 2019.)
CRAWFORD NICKEL PROJECT - 2018 DIAMOND DRILLING RESULTS
DDH ID Hole
dip
Hole
azimuth
From
(m)
To
(m)
Core
Length
Ni (%) Co
(ppm)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
SUMMARY OF INTERVALS PASSING 0.25% Ni CUTOFF
CR18-01 -60° 035° 234.00 525.00 291.00 0.293 118 0.011 0.020 0.002
includes -60° 035° 238.50 393.00 154.50 0.320 120 0.012 0.029 0.001
includes -60° 035° 238.50 283.50 45.00 0.384 144 0.019 0.061 0.001
CR18-03 -50° 035° 475.50 606.00 eoh 130.50 0.299 140 0.028 0.055 0.006
includes -50° 035° 492.00 547.50 55.50 0.324 139 0.028 0.096 0.005
includes -50° 035° 492.00 516.00 24.00 0.333 140 0.060 0.201 0.011
CR18-04 -50° 035° 205.50 402.00 eoh 196.50 0.332 135 0.010 0.027 0.002
includes -50° 035° 208.50 285.00 76.50 0.358 156 0.017 0.041 0.001
includes -50° 035° 208.50 220.50 12.00 0.532 220 0.030 0.070 0.001
SUMMARY OF INTERVALS PASSING 0.20% Ni CUTOFF
CR18-01 -60° 035° 36.00 eoc 594.00 eoh 558.00 0.261 127 0.010 0.016 0.002
CR18-02 -50° 035° 24.00 eoc 175.50 151.50 0.224 126 0.005 0.005 0.001
CR18-02 -50° 035° 175.50 216.00 eoh 40.50 Dunite less than 0.20% Ni
CR18-03 -50° 035° 51.00 eoc 288.00 237.00 Mafic volcanic and marginal zone
CR18-03 -50° 035° 288.00 606.00 eoh 318.00 0.248 126 0.019 0.028 0.003
CR18-04 -50° 035° 42.00 eoc 72.40 30.40 Mafic volcanic
CR18-04 -50° 035° 72.40 193.50 121.10 Dunite less than 0.20% Ni
CR18-04 -50° 035° 193.50 402.00 eoh 208.50 0.324 135 0.018 0.028 0.003
SELECTED INTERVALS WITH ELEVATED PGEs
CR18-03 -50° 035° 492.00 493.50 1.5 0.285 140 0.219 0.567 0.004
CR18-03 -50° 035° 507.00 511.50 4.50 0.339 140 0.059 0.498 0.048
CR18-04 -50° 035° 165.00 166.50 1.50 0.182 120 0.069 0.570 0.006
Dumont Deposit average grade for comparison 0.27 107 0.009 0.020 n/a
Note: eoc = End of Casing; eoh = End of Hole
Note: the lengths reported are core lengths and not true widths. The Company has insufficient information to determine
the attitude, either of the ultramafic body or of mineralized zones within it. True widths will be less than the core lengths
by unknown factors.
The 2018 drilling program by Spruce Ridge and its Joint Venture partner, a group of private investors, was
focussed on the Crawford Ultramafic Complex, a 3.5- kilometre long body of peridotite, dunite and their
serpentinized equivalents. The target was defined by a helicopter -borne magnetic and electromagnetic
survey and an airborne gravity survey, both conducted over of the entire project area of 100 sq. km. An
Artificial Intelligence (A.I.) review of data, provided by Albert Mining Inc. (TSX -V AIIM), also identified the
area as being prospective for nickel.
Vance White, President and CEO of Noble is quoted as saying ” we are very pleased with the
results that Spruce has returned and in particular the core lengths containing consistent
mineralization on this massive anomaly located with easy access from Highway 655. We look
very much forward to Spruce continuing their program as we continue to bring in additional Option
and JV Partners to our extensive 79,000 ha land holdings”.
Randy S C Singh PGeo (ON), PEng (ON), VP Exploration & Project Development of Noble and
a "qualified person" as such term is 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 Mineral Exploration Inc.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition
to its shareholdings in in Spruce Ridge Resources Ltd., and MacDonald Mines Exploration Ltd.,
and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds in
excess of 79,000 hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario
known as Project 81. Project 81 hosts diversified drill -ready gold, nickel-cobalt and base metal
exploration targets at various stages of exploration. 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 t o 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: [email protected]