(TheNewswire)
GRAB SAMPLE RETURNED 5.36 G/T GOLD
Toronto, Ontario / TheNewswire / December 13, 2016 –
Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that it has
received results from MacDonald Mines Exploration Limited (“MacDonald”), for its ground sampling on Noble’s
Wawa-Holdsworth Gold and Silver Project (“the Project”), located 25 kilometres northeast of Wawa, Ontario. The results reported by
MacDonald are as follows:
“Highlights from the initial sampling program include:
-
-The discovery of a new gold-bearing shear zone next to the old CN railway line (image 1) sample containing
5.36 g/t gold; and
-The Company has determined that the known gold mineralized zones at Wawa-Holdsworth are part of a
500-metres wide corridor with multiple zones of deformation and hydrothermal alteration that are considered favourable for gold
mineralization.
Quentin Yarie, MacDonald’s President and CEO commented: “We are excited that with the
limited time spent on the property since the announcement of the Option Agreement, our experience in the Wawa Gold Camp has led to
the discovery of a gold-mineralized shear zone next to a railway line that has been used for decades. The observation of numerous
deformation and alteration zones in a 500-metres wide corridor suggests that the gold system at Holdsworth is much larger than what
previous exploration results indicate. Results to date are exciting and we are looking forward to further the development of this
very promising project.”
Results from the initial sampling program
This sampling and mapping program led to the discovery of a gold-bearing shear zone located alongside the old
CN railway in the southern part of the property. The discovered gold-bearing shear zone is formed close to the contact between a
volcanic sequence and a composite porphyritic intrusion. This sampling and mapping program also indicates that the previously known
zones of gold mineralization of the Wawa-Holdsworth Project are part of a much larger deformation and alteration corridor that is
now defined over a width of 500 metres.
The main zones of gold mineralization of the Wawa-Holdsworth Project include:
-
-Lode Gold in traditional quartz veins, known as the "The Soocana Vein",
-An oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) known as the "The
Oxide Sands", and
-The precursor to the Oxide Sands - a massive pyrite zone (Algoma Iron Formation) at depths, known
as "The Massive Sulphide".
The identification of this large deformation and alteration corridor, which already hosts many zones of gold
mineralization, indicate that the gold system is likely larger than what is indicated by previous exploration and that additional
exploration may uncover additional zones of gold mineralization.
MacDonald's future exploration programs at Holdsworth will take full advantage of its technical team’s
experience and expertise in the Wawa Gold Camp. This includes the use of forefront technologies like short wave
infrared and portable XRF analyses that provide quantitative mineralogical and chemical indicators to evaluate the fertility and
prospectivity of gold-bearing structures. The Company has also initiated a detailed review and re-interpretation of
the existing exploration data on the property to pinpoint possible areas of gold mineralization that were missed in the past. This
will help define the boundaries and size of the gold system present on the property, and guide future exploration
programs.
Wawa-Holdsworth Project Details
The Project is comprised of 19 contiguous patented mining claims covering approximately 304
hectares. Sixteen of these are located in the extreme southern part of Corbiere Township and the remaining three extend into the
northern part of Esquega Township, in the Wawa Area of Northern Ontario.
Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising
and approving the scientific and technical content of this news release.
About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario, Canada.
Previously focused on Copper and Zinc (VMS), and Nickel exploration in the Ring of Fire area of the James Bay Lowlands of Northern
Ontario, the company is now focusing its efforts and finances on projects that demonstrate the greatest market potential for
return.
The Company's common shares trade on the TSX Venture Exchange under the symbol "BMK". “
To learn more about MacDonald Mines, please visit www.macdonaldmines.com
Vance White, President and CEO of Noble commented: “We are very pleased
that MacDonald is so aggressive on what we believe to be a tremendously exciting Gold and Silver Project having potential for near
term cash flow. We are very confident in the abilities of the MacDonald geological team and their extensive knowledge of this camp
to prove up the economic potential of this property.”
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 70,641
hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario. The Company also holds a portfolio of diversified
exploration projects at various stages of exploration Gold in the Wawa area of Northern Ontario, and Uranium in Northern
Saskatchewan. More detailed information is available on the website at www.noblemineralexploration.com.
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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