Noble Metal Group Incorporated - Analysis of Geological, Geochemical, and Geophysical Surveys
Noble Metal Group Incorporated - Analysis of Geological, Geochemical, and Geophysical Surveys
Cariboo Gold Property
Vancouver, British Columbia CANADA, April 11, 2013 /FSC/ - Noble Metal Group Incorporated (NMG - TSX Venture),
Various exploration programs have been carried out on the Cariboo Gold Property. These include several geochemical soil surveys, electro-magnetic surveys, Induced Polarization surveys, trenching, and diamond drilling.
The main structure in the area is the Keithley Creek Thrust Fault that runs from Shoal's Bay on Quesnel Lake northwest up Keithley Creek along the lower portion of Rabbit Creek carrying onto the northwest across Fontaine Creek. The dominant geological strike is northwest however may have shifted by the northeasterly trending faults
Significant iron oxide has been observed in minimal outcrop exposure west of Weaver Creek, quartz veins and quartz stringers are also present. Graphitic schist containing pyritic sulphides was found in proximity to anomalous gold values discovered by the Weaver Creek geochemical surveys.
During 2012 the company completed a 12.6-kilometer (7.83 miles) geochemical soil survey. In order to complete the survey a total of 5.41 Kilometers of old trails and logging roads were cleared and re-habilitated. The newly cleared areas will also provide access for future exploration work and diamond drilling.
The survey was designed to explore an area west of the original Weaver Creek geochemical grid. A total of 252 samples were collected from the "B" horizon or below the root layer. Parallel lines were spaced at 25 meters, samples were collected every 50 meters along the lines.
Gold assay results ranged from
This anomalous gold zone now covers a length of 1500 meters (4921Feet)extending and correlating with a northeast to east/northeast trending zone occurring in the original Weaver Creek Grid to the east. The entire anomalous zone now totals approximately 3000 meters (9842 feet) in length.
To view map titled Weaver Creek Grid 2012 Geochemical Survey; please click the following link:
http://www.usetdas.com/pr/noblemapapril112013.jpg
Values of greater than 20 ppb are considered anomalous. The survey outlined several "spot highs" such as 60 ppb / 80 ppb and 110 ppb which may be significant as has been illustrated in the Barkerville area.
Results obtained from the geological, geophysical and geochemical surveys indicate the potential for the discovery of a lode gold deposit. Further exploration programs are planned for the upcoming season.
ON BEHALF OF THE BOARD OF DIRECTORS
NOBLE METAL GROUP INCORPORATED
?Dorothy Dennis"
President
This news release has been approved by W G Timmins P. Eng a qualified person under National Instrument 43-101
Except for statements of historical fact relating to the Company, this news release contains certain "forward-looking "information" within the meaning of applicable securities law. "Forward-looking information" is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events "may", "will", or "could" occur. There are uncertainties inherent in forward-looking information including factors beyond the company's control, and no assurance can be given that the programs will be completed on time, on budget or at all. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is cautioned not to place undue reliance on forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Noble Metal Group Incorporated
1873 Spall Road
Kelowna. B.C.
Canada V1Y 4R2
Tel: (250)862-9655
To view release as a PDF file, click on the following link:
http://www.usetdas.com/pr/noblePR1april112013.pdf
Source: Noble Metal Group Incorporated (TSX-V: NMG)
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