(TheNewswire)
Toronto, Ontario TheNewswire – January 27, 2025 Noble Mineral Exploration Inc. ( ‘Noble’ or the ‘Company’ ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report acquisition of additional claims on the wholly owned Cere Villebon Property located southeast of Val d’Or, Quebec. The claims were acquired by map staking and the new property area is now approximately 1,573 Hectares. The new area staked is currently being evaluated for the potential to host similar mineralization to that found in 2023.
The Cere Villebon Project
In 2023, a drill and geophysical program were completed on the Cere Villebon Project. The drill program included 7 diamond drill holes for a total of 1,955 meters. Significant mineralization was encountered in Holes 1 and 5.
Sampling of Hole 1 from the Cere Villebon drill program returned analyses of 5.2 meters* of 0.66% copper, 0.94% nickel, 0.04% cobalt, 0.25 g/t platinum and 0.66 g/t palladium within a 63 meter* wide mineralized zone grading 0.24% copper, 0.38% nickel, 0.02% cobalt, 0.11 g/t platinum and 0.33 g/t palladium . (*true width not known at this time.)
Sampling of Hole 5, located 25 meters east of Hole 1, of 0.46% copper, 0.69% nickel, 0.03% cobalt 0.78 g/t platinum and 1.28 g/t palladium over 19 meters* within a 37 meter* zone of 0.36% copper, 0.50% nickel, 0.02% cobalt, 0.36 g/t platinum and 0.54 g/t palladium . (*true width not known at this time)
The mineralization was found to be associated with a strong chargeability anomaly associated with a resistivity low reflecting the sulphide mineralization encountered in the core.
Holes 2, 3, 4, 6, and 7 showed no significant mineralization and were drilled off trend of Hole 1 and 5 to test targets on other parts of the property.
Historic drilling and resource estimates done by the Groupe La Fosse Platinum Inc on the North Zone (1987) calculated a historical resource of 421,840 tonnes grading 0.52% copper, 0.72 % nickel and 1.08 g/t combined platinum-palladium (Groupe La Fosse Platinum Inc., 1987 Annual Report).
This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves standards, and therefore should not be relied upon. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, and these estimates should only be considered has an indication of the mineral potential of the Property.
Image 1: Drill core from Hole 1, 220.5m depth down hole .
Click Image To View Full Size
Wayne Holmstead, P.Geo (OGQ), a ‘qualified person’ as such term is defined by National Instrument 43-101, has reviewed the Cere Villebon data disclosed in this news release, and has otherwise reviewed and approved this technical information in this news release on behalf of Noble Minerals.
About Noble Mineral Exploration Inc.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., Go Metals Corp. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~1700 hectares in Thomas Twp in the Timmins area and ~175 hectares of mining claims in Central Newfoundland. It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~1,573 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: https://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: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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