Exploration
Update:Noble Acquires Additional Claims in the Vicinity of the
Buckingham Graphite Property, Quebec
Historical Exploration has identified:
-
A
1 km long, airborne, electromagnetic anomaly indicating potential
graphite mineralization
-
Channel
samples yielding 21.6% Cg (total carbon in graphite form) over
14.5* meters and grab samples of 36% and 68% Cg
-
Drill
intersections with up to 17.9% Cg over 7* meters and 17.7% over 8*
meters
-
Bulk
sample testing with head
grade of 20.7% Cg that yielded an overall combined flotation
concentrate purity of 94.8% with 32% of the flakes classified as
large (+65 mesh) to jumbo (+28 mesh)
* True
width not known at this time
Toronto,
Ontario - July
8,
2021 - Noble Mineral Exploration Inc. ("Noble"
or the "Company") (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that it
has acquired additional
claims in the vicinity of the Buckingham Graphite Property which is
located in the Outaouais area of the Grenville Subprovince of
Quebec (See Noble Press Release dated June 21, 2021). The
addition of the 2 map-staked claims brings the Buckingham Property
total to 32 claims (1,923 hectares).
The
additional 2 claims cover the Buck Graphite Occurrence that has
been explored
as
recently as 2016. In 2013, a high-resolution heliborne
magnetic (MAG) and time domain
electromagnetic (TDEM) survey covered the area surrounding and the
newly acquired claims. One anomaly
outlined a
1-kilometer-long
conductor
(identified as NNE Conductor in Figure 1) historically known to
host graphite mineralization.
A
trenching program was initiated in 2014 based on the airborne
survey results and limited ground geophysics. Trench T1
measured approximately 48 meters in length and 2.5 meters in width.
Twenty-five channel samples were collected from the stripped
area. All samples returned graphite mineralized intersections
with a best result of 8.2% Cg (total carbon in graphite form) over
4.75* meters, including 12.1% Cg over 1* meter and 12.5% Cg over
3.5* meters. (Figure 1). Trench 22C was excavated about 75 m
NE of Trench T1. Thirty-nine channel samples were collected
of which 35 returned Cg contents above 8%. One section yielded
21.6% Cg over 14.5* meters and 16.8% Cg over 3.9* meters (Figure
1).
(*-True
widths not known at this time.)
Figure
1: Location of NNE Conductor and Surface Trenches. Pink to
purple shading identifies areas of airborne conductivity.
Adapted from Robillard (2017): Technical Report on the Buckingham
Graphite Project, Buckingham Township, Quebec, Canada
In
2015, a 20 kilogram bulk sample was taken from Trench 22C and
subjected to initial flotation testing for graphite. These tests
were carried out by SGS Canada Inc. of Lakefield, Ontario.
The bulk sample was submitted to a simple flotation test, without
process optimization or chemical treatment, such as addition of
acid leach or alkaline roast. The sample
head
grade was 20.7% Cg and returned an overall combined flotation
concentrate purity of 94.8%. The results of the testing
indicated 32% of the flakes were large (+65 mesh) to jumbo (+28
mesh) in size and the purity obtained in these large fractions
ranged from 94.8 to 96.1%.
Three
phases of diamond drilling were completed on the property from
November 2015 to December 2016 for a total of 3,782 meters (Figure
2). Results of the respective drill programs can be viewed in
Tables 1 and 2. A photograph of semi-massive graphite
mineralization can be seen in Figure 3.
Figure
2: Location of Diamond Drill Holes on the Buckingham
Property. All holes are located on the Noble Minerals
Property except for BH16-6, 7, 9 and 12. Adapted from
Robillard (2017).
Table
1: Significant drill hole intersections from the
historical 2015
Diamond Drilling Program
Table
2: Significant Diamond Drill intersections from the
historical
2016
Drilling Program (Please note that drill holes BH16-6, 7, 9 and 12
are not located on the Noble Minerals Property)
Figure
3: Semi-massive graphite mineralization from Hole BH16-4 drilled on
the Noble Minerals Property (Adapted from Robillard,
2017)
Noble
is planning future
exploration
that
will
include:
1)
Re-processing of
airborne data from the 2013 survey
2)
Examination of the
property to properly locate the trenches, grab
samples and drill hole collars
3)
Beep
Mat survey to locate previously unidentified
graphite
mineralization
4)
Additional
diamond
drilling depending
on
the results of the
above work.
The
consideration for the acquisition are reimbursement of
the costs of staking
and reserving to the vendor a 2% NSR that will be subject to
Noble's right to buyback 50% of the NSR for $1,000,000.
The
Transactions are subject to approval of the Board of Directors of
each party where applicable, as well as to TSX Venture Exchange
approval and to compliance with securities and other laws and
regulations.
Vance
White, President and CEO of Noble, said "In an effort to
continue to seek projects of merit we are very pleased
to have been able to pick up these additional Buckingham graphite
claims showing excellent grades and recoveries. A work program is
being prepared
in
order to follow up."
Michael
Newbury PEng (ON), 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.
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 Wawa, Ontario area, holds approximately 72,000 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/VMS targets at various
stages of exploration. Additional Projects
are being acquired including the Buckingham Graphite, project, the
Cere-Villebon Ni/Co/Pgm Project and the Laverlochere
Ni/Cu/Co/Au/Pgm project all of which are in 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:info@noblemineralexploration.com
Investor
Relations
Email:ir@noblemineralexploration.com
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