Project 81: Exploration Update Noble to Test Drill Calder Twp Gold Target
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Toll Free: 866-214-9486
Fax: 416-367-1954
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Project 81: Exploration Update
Noble to Test Drill Calder Twp Gold Target
Toronto, Ontario – February 28, 2020 - Noble Mineral Exploration Inc. (“Noble” or the "Company") (TSX-V:NOB,
FRANKFURT: NB7, OTC.PK:NLPXF) Noble is pleased to announce that it has contracted NPLH Inc., to commence
drilling on the Calder Gold Target, which forms part of Project 81 and is located in Calder Township north of Timmins,
Ontario, Canada. The program is designed to test a 900m strike length of a previously untested structures identified by
an Airborne EM-Mag Survey flown in 2018 by BECI. Drilling will commence on approval of a water crossing permit from
the Ministry of Northern Development and Mines (MNDM).
The Calder EM trend is an approximately 900m long structure that is a very discrete bedrock conductor within favourable
geology interpreted from airborne magnetics. The geology has been interpreted to be steeply dipping to the northeast .
Overburden thickness in the area is believed to be approximately 30-50 m and the hole is designed to intersect the
conductor at approximately 75 to 100m vertical depth. Follow up drilling will be contingent on the results from this drill
hole.
Figure 1: Airborne EM Trend and Profile
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Toll Free: 866-214-9486
Fax: 416-367-1954
The funding for this program is being provided 50% by Noble and 50% by a private investor. Noble has agreed with the
investor that if the outcome of the program is positive, Noble will enter into good faith negotiations with the investor to
enter into an option and joint venture agreement that would recognize the investor and Noble as each holding an 50/50
interest in the drilled property, subject to standard dilut ion provisions to the extent that either does not fund future
maintenance and exploration expenditures. All agreements between Noble and the investor are and will be subject to
compliance with TSX Venture Exchange policies.
Randy S.C. Singh P.Geo (ON), P.Eng (ON) VP- Exploration & Project Development 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.
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:
Noble Mineral Exploration Inc.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]