• Freitag, 29 März 2024
  • 07:48 Uhr Frankfurt
  • 06:48 Uhr London
  • 02:48 Uhr New York
  • 02:48 Uhr Toronto
  • 23:48 Uhr Vancouver
  • 17:48 Uhr Sydney

Project 81: Exploration Update Noble to Test Drill Calder Twp Gold Target

28.02.2020  |  The Newswire
Toronto, February 28, 2020 - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV:NOB) (FRANKFURT:NB7) (OTC:NLPXF) Noble is pleased to announce that it has contracted NPLH Inc., to commence drilling 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 900m strike length of a previously untested structures identified by an Airborne EM-Mag Survey flown in 2018 by BECI. Drilling will commence on approval of a water crossing permit from the Ministry of Northern Development and Mines (MNDM).

The Calder EM trend is an approximately 900m long structure that is a very discrete bedrock conductor within favourable geology interpreted from airborne magnetics. 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.


Click Image To View Full Size

Figure 1: 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.

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

Copyright (c) 2020 TheNewswire - All rights reserved.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Noble Mineral Exploration Inc.
Bergbau
A2P09S
CA65506N1015

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.