Boulder Property History – Noble Mineral Exploration

We at Noble Mineral Exploration have some exciting news for you. We have been working at acquiring this property for some time now (see link provided below to the news release of April 25, 2022). We call it the Boulder Property because, located on that property is a pretty astonishing 140 kg boulder with some fantastic metal grades.

The story starts about 20 years ago when a local entrepreneur from Hearst, Ontario decided that a farm highlighting some of the local wildlife would be a viable tourist attraction. While digging a pond with a backhoe he cursed a boulder that was blocking his progress. With some difficulty he was able to pull the boulder out of the hole and place it on the side with the other material from the excavation.

The boulder sat there for some time, covered with mud but the rain eventually washed the surface of the boulder. Now Andre had always had an interest in the rocks on his farm and area and would pick up samples when something caught his fancy. He eventually realized that this was no ordinary looking boulder and loaded it up in his truck and put it in his garage…and there it sat…for 20 years.

Friends dropped in and he would invariably show them the boulder until one day a friend said, “Why don’t you call the Resident Geologists Office in Timmins and get them to take a look at it”. He contacted Ed van Hees, the Resident Geologist, Timmins Area at the time. Ed took a look at it and, at first glance, determined it was some sort of iron formation but said he would send it to the government lab for analysis. He also considered that it was from the Hearst area where there are virtually no known metal deposits, besides iron, located there.

Time passed until the results of the analysis came back from the lab. Ed could not believe his eyes and thought there must be some mistake. He verified the results with the lab that they corresponded to the sample that was submitted and there was not a lab error. To his surprise the results indicated that the boulder was composed of 72% copper with accessory base metal and precious metal content. Now in mines such as Kidd Creek in Timmins where the average copper content is 1.8% this is certainly an incredible number.

Andre took the boulder to the Timmins Mining Show and had some general enquiries and then COVID-19 hit and in Andre’s words, “Everything went quiet.” Ed filed his report in the Annual Report of the Resident Geologist, Timmins, and everyone hunkered down for the pandemic.

Fast forward to Winter 2021. Wayne Holmstead (geologist) is flipping through Ed’s report and comes across a one-page description of the boulder with a photo. Boulder tracing has always been an interest of his and has historically led to the discovery of some important ore deposits, including the large Eleonore gold deposit in Quebec. He contacted some of his colleagues and they raised a small amount of money in order to stake claims and do some initial research on the boulder location and potential sources.

One of the people he contacted was Vance White of Noble Mineral Exploration. He knew that Vance was always interested in new ideas and was willing to take a chance on a longshot. Vance was hooked and with Wayne (now Exploration Manager for Noble) drafted an agreement for Noble to acquire 100% interest in the project.

The metal value of the grades contained in the boulder are in excess of $10,000CDN per tonne of material or equivalent to ~138 grams of gold per tonne or for those that like the old method, 4.4 oz/ton gold.

For more information see our press release dated April 25th, 2022 – Noble Minerals Acquires a Copper-Precious Metal Prospect near Hearst, Ontario or contact

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email:        info@noblemineralexploration.com

Investor Relations

Email:        ir@noblemineralexploration.com

Disclaimer

This summary was written by Exploration Manager Wayne Holmstead, who gave us the right to exclusively publish for dissemination to the public.

References:

van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Activities 2019, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6366, 160p.