Noble Mineral Exploration Initiates Downhole Electromagnetic Survey in Timmins Area to Identify Off-Hole Mineralization

Noble Mineral Exploration Inc. has contracted Abitibi Geophysics to conduct a downhole electromagnetic survey on two holes in the Carnegie Township area near Timmins, Ontario. The survey is part of a 50/50 partnership with Canada 11530313 Canada Inc. and will include surveying two holes that were recently drilled in follow-up of a drill program done in 2019. The survey utilizes a single-loop configuration, where a large square transmitter loop measuring approximately 500 metres by 500 metres is laid out on surface to generate a controlled electromagnetic field that penetrates the subsurface.

A total of two drill holes, CG-25-01 and CG-25-02, are being surveyed. Sensitive probes will be lowered down each borehole to measure the response of the surrounding rocks to the electromagnetic field. This method is particularly effective at identifying off-hole conductive zones, which are potential mineralized bodies that may not have been intersected directly by drilling, thereby helping to refine future drill targets and improve exploration efficiency. In drill hole CG-25-01, a 6.5-meter section analyzed 0.64% zinc with associated, anomalous values in copper, silver, and lead from 141.0 to 147.5 meters down hole, with a 1-meter section within the wider section running 1.90% zinc.

The anomalous mineralization was found to occur in a weakly laminated sulphide-rich graphitic sediment, with conductive mineralization consisting of about 5% pyrrhotite and local concentrations of up to 10-15%. Analyses on drill hole CG-25-02 have confirmed the presence of a polymetallic mineralized system similar to and assumed to be the same mineralized section as the one described above. The results define a polymetallic mineralized system, highlighted by up to 37 ppb gold and 4.6 g/t silver over 0.9 meters, greater than 0.65% zinc over 2.7 meters with a high of greater than 1.0%, and 0.13% copper over 1.9 meters, along with elevated nickel up to 212 ppm and cobalt up to 189 ppm.

The program is being carried out on lands recently transferred to Canada Nickel but on which Noble retains a 5-year exploration right for volcanogenic massive sulphide mineralization and precious metals. Vance White, President and CEO of Noble, stated that the company is very pleased to get this program started with the support of partners at 11530313 Canada Inc., emphasizing that the search for mineralization similar to the Kidd Creek Mine continues. The technical content of the release has been reviewed and approved by Wayne Holmstead, P.Geo., an independent qualified person as defined by National Instrument 43-101. For more information, visit https://www.noblemineralexploration.com.