Noble Mineral starts drilling at Lucas

Feb 12, 2018

2018-02-12 07:53 ET – News Release

Mr. H. Vance White reports


Noble Mineral Exploration Inc. has provided additional updates on various aspects of the 2018 exploration campaign to be carried out on Noble’s project 81. Project 81 is a large contiguous, underexplored and prospective property north of Timmins and immediately north of the world-class Kidd Creek mine, celebrating its 50th year of continuous production.

Heliborne EM (electromagnetic) and mag survey over project 81 by BECI Exploration Consulting

Noble has completed and received final results of two airborne EM and mag surveys completed in January, 2012, and July, 2017, from BECI that now cover the entire approximately 70,000 hectares of project 81. These data have outlined several bedrock conductors and mineralized trends that have been confirmed by historical drill holes dating back to the 1960s. These surveys have identified EM and mag geophysical drill-ready targets in a number of the townships included in project 81.

Data compilation by ORIX Geoscience

Noble is pleased to announce that ORIX Geoscience Inc. has completed and presented to Noble and its current and prospective JV partners compilation reports on Lucas, Carnegie and Crawford townships. These reports identify a number of high-priority drill targets. It is anticipated that similar data compilation results for Dargavel, Lennox, Calder and Bradburn townships should be available in the very near term. ORIX will continue to compile comprehensive datasets for the entire project 81, that will allow Noble to aggressively seek additional JV partners

Lucas gold project

Noble is pleased to announce that it has commenced a diamond drilling campaign on the Lucas gold project, Lucas township, Timmins. The drill program is designed to test over 700 m strike length of the drill indicated historical gold mineralized structures, which lies within a 1,700 m EM anomalous trend identified from the recently completed airborne geophysical EM and differential mag survey. The historical drill results are not compliant with the requirements of National Instrument 43-101.

The designed drill program anticipates drilling up to 14 NQ-size diamond drill holes for approximately 3,000 m. The objective of this drill campaign is to confirm the historical drilling results dating back to 1960s to 1980s reported by Canico, McIntyre Porcupine Mines Ltd., Abitibi Price Resources and Lucas Gold Resources. Historical non-compliant National Instrument 43-101 results of up to 37 metres of 2.97 grams per tonne and 48.8 metres of 1.94 g/t gold have been previously released by the company in releases dated Dec. 1, 2011, and Dec. 5, 2011, and have been posted on the copany’s website. A qualified person has not done sufficient work to qualify these historical results under current standards, and Noble is not treating these results as current.

                     HISTORICAL DRILL DATA*
Township         DDH    Grade        From      To    Mineralized zone
                        (g/t)         (m)     (m)            (metres)

Lucas         L-80-4    2.967       94.49  131.52               37.03
               incl.    3.081      114.91  130.15               15.24
               incl.    4.386      107.29  114.91                7.62
Lucas        L-80-11    3.146      129.84  138.99                9.15
Lucas        L-80-13    2.779      118.87  131.06               12.19
Lucas        L-81-30    3.507      165.81  174.65                8.84
Lucas        L-81-36    1.611       54.25   59.44                5.19
                 and    2.679       80.16   91.44               11.28
               incl.    3.587       82.91   89.92                7.01
Lucas     L-81-36(a)    1.944       54.86  103.63               48.77
               incl.    2.321       57.91   97.54               39.63
Lucas          73-14    1.174      141.91  148.13                6.22
                 and    1.222      160.32  180.69               20.37

* Historical data taken from drill logs reported by Lucas Gold 
Resources and McIntyre Porcupine Mines.

Randy S.C. Singh, PGeo (Ontario), PEng (Ontario), vice-president, exploration and 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.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian based junior exploration company which, apart from its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Wawa-Holdsworth gold exploration property in Wawa, Ont., has as its flagship program Project 81, which is a contiguous land package of approximately 70,000 hectares covering 12 townships immediately north of the Kidd Creek mine (celebrating its 50th year of operation). Project 81 which has seen very limited mineral exploration over the last 50 years and has had a number of historical drill indicated gold, copper, lead-zinc, silver and nickel showings. Noble has confirmed the discovery a very large, low-grade nickel deposit in Kingsmill township in 2012, which is within the project area.

Steve Balch, PGeo — president and founder of BECI, is 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 BECI.

We seek Safe Harbor.

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