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Insidexploration

Project 81: Exploration Update Drilling Commences on Calder Twp Gold Target

by MikeyMike426
July 14, 2020
in Articles, Home Page, News Room, NOB, NOB News
0
Project 81: Exploration Update Drilling Commences on Calder Twp Gold Target

Toronto, Ontario – TheNewswire – April 16, 2020 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV:NOB) (FRANKFURT:NB7) (OTC:NLPXF) Noble is pleased to announce that drilling has commence 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 prominent untested structure identified by an Airborne EM-Mag Survey flown in 2018 by BECI.

The Calder EM trend is an approximately 900m long structure that has a very discrete bedrock conductor within a structurally complex zone and has favorable geology interpreted from airborne magnetic’s. 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.

https://www.thenewswire.com/data/tnw/clients/img/971ea607f5f7b4a05fe14f524aee49f5.png
Figure 1: Calder Gold Target – Airborne EM Trend and Profile

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 dilution 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.

For More information please visit https://noblemineralexploration.com/ or https://insidexploration.com/nob/

Additional information can be found in our recent Q&A with Vance white published on April 7th here

Update on Company Activities with Vance White of Noble Minerals Exploration

Noble Mineral Exploration Corporate Video

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:   info@noblemineralexploration.com               

Investor Relations

Email:        ir@noblemineralexploration.com

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MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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These drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek's proprietary Computer Aided Resources Detection System (CARDS).

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The Rickard gold mine is a past producing high grade gold mine dating back to the early 1900's. Many gold specimens can be found from this mine in the Timmins mining museum.

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