(TheNewswire)
Toronto, Ontario / TheNewswire / March 6, 2017 –
Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) ( TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that,
MacDonald Mines Exploration Ltd. (TSX-V: BMK) ("MacDonald") has advised Noble that it has begun a core sampling
program at Noble’s Wawa-Holdsworth Project.
Details of the Core Sampling Program
MacDonald has begun a systematic analysis of core from the 2008 Drill
Program. It is developing a database of the lithological and geochemical signatures associated with high grade gold assays by
utilizing XRF, magnetic susceptibility and SWIR measurements.
Initial observations found that the highest grades of gold are associated with deformed
quartz-iron-carbonate veins, with additional sericite, chlorite and tourmaline alteration, hosted in mafic metavolcanic rocks.
These veins locally contain visible gold, accompanied by chalcopyrite, galena and pyrite mineralization.
The Company will be assaying any previously un-sampled prospective zones, particularly those
containing significant shearing and quartz-iron-carbonate veining, and re-sampling any significant quartz veins and analyzing them
using metallic screening.
Highlights from the 2008 Drill Program include:
|
28.35 g/t gold over 1.07 m
|
|
17.9 g/t gold over 0.54 m
|
|
13.5 g/t gold over 0.66 m
|
|
4.07 g/t gold over 0.95 m
|
|
4.03 g/t gold over 0.90 m
|
Wawa-Holdsworth Oxide Sands
The Oxide Sands are one of the main gold targets on the property. Gold mineralization occurs in
black sands composed of fine quartz, non-magnetic iron oxides (likely oxidized pyrite) and free gold. The Oxide Sands are
interpreted to be derived from the weathering of an auriferous and pyritized Algoma-type iron formation. The pyritized iron
formation is, so far, traced on the property over a 2 km-long strike length.
In 2002, a detailed and systematic sampling of the Oxide Sands was conducted over a strike length of
332.5 metres (Blocks A and B). The mineralized sands reached a depth of at least 8 metres and contained an average gold grade of
3.45 g/t and an average silver grade of 29.99 g/t.
Results from the 2002 Sampling Program:
|
BLOCK A
|
Length
(m)
|
Average Width
(m)
|
Average Depth
(m)
|
Gold Grade
(g/t)
|
Silver Grade
(g/t)
|
|
A-1
|
30.0
|
6.9
|
4.65
|
4.92
|
25.22
|
|
A-2
|
13.5
|
5.3
|
3.00
|
5.76
|
42.65
|
|
A-3
|
31.0
|
4.7
|
3.35
|
5.95
|
47.09
|
|
A-4
|
10.0
|
3.5
|
3.74
|
5.94
|
50.78
|
|
A-5
|
24.0
|
2.9
|
3.66
|
5.10
|
50.14
|
|
A-6
|
8.0
|
5.3
|
5.49
|
2.99
|
36.01
|
|
A-7
|
11.5
|
7.5
|
5.03
|
1.74
|
21.29
|
|
A-8
|
20.0
|
6.3
|
3.65
|
0.85
|
9.91
|
|
BLOCK B
|
|
|
|
|
|
|
B-1
|
21.0
|
6.4
|
1.92
|
1.17
|
17.43
|
|
B-2
|
53.0
|
3.8
|
1.14
|
1.20
|
17.94
|
|
B-3
|
17.5
|
2.8
|
1.60
|
3.04
|
44.06
|
|
B-4
|
17.5
|
5.5
|
3.20
|
3.88
|
50.56
|
|
B-5
|
10.0
|
5.5
|
3.20
|
3.51
|
41.28
|
|
B-6
|
45.5
|
3.6
|
2.28
|
1.84
|
16.83
|
|
B-7
|
20.0
|
3.0
|
1.83
|
1.54
|
18.60
|
Preliminary metallurgical testing on Oxide Sands composite samples recovered, without crushing,
between 69% and 98.7 % gold. The Company has identified the Oxide Sands as a short-term target for gold production and is
anticipating that additional Oxide Sands zones can be discovered along the 2km strike length of the pyritized iron formation
defined so far on the property.
MacDonald has completed 62 kilometres of line cutting and will
be conducting a geophysical Mag and EM survey to map the lateral extents of the oxide sands which will then be used for a more
extensive sampling program. MacDonald intends to utilize this data to map, model and highlight prospective drill
targets.
The Wawa-Holdsworth Project is comprised of 18 contiguous patented mining claims covering approximately 285
hectares, located 20 kilometres northeast of Wawa, Ontario.
Three gold targets have been identified on the property:
The MacDonald team, having significant experience in the Wawa Camp, believes that there is potential to find
additional high-grade gold mineralization at the Wawa-Holdsworth Project.
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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