Noble Mineral to Drill Untested Thomas Carbonatite in Ontario With Government Support

Noble Mineral Exploration Inc. has signed a drill contract for drilling on the Thomas Rare Earth property near Timmins, Ontario, with support from an Ontario Junior Exploration Program grant. The company identified a magnetic feature in Thomas Township resembling a classic carbonatite signature, which are the world's primary source of rare earth elements (REE), niobium, zirconium, and phosphate oxide. Carbonatites typically form intrusive or subvolcanic features like cone sheets, volcanic necks, dykes, sills, breccias, and veins, though surface outcrops are rare due to easy weathering of carbonate minerals.

The magnetic signature usually resembles a donut-shaped body with a magnetic high surrounding an extreme magnetic low, where the low is caused by the carbonate-rich section that may carry rare earth elements and other minerals. To the best of the company's knowledge, this magnetic structure has never been drilled and does not outcrop on surface. In 2023, Noble completed a magnetometer and VLF-EM survey to identify the exact position of the magnetic low and the depth of overburden, preparing for the current drilling phase. Phase 2 will involve drilling into the magnetic low to confirm the existence of a carbonatite and test for economic mineralization.

Noble has been awarded an Ontario Junior Exploration Program grant by the Ontario Government, providing a 50% rebate on exploration programs of up to $200,000 on a $400,000 exploration program in Ontario. Vance White, President and CEO of Noble, stated, "We are pleased to start up a drill program on this exciting untested project in light of the geopolitical interest in finding new sources of Rare Earth Elements. We also appreciate the assistance Ontario's OJEP." Wayne Holmstead P.Geo. #2509, a qualified person as defined by National Instrument 43-101, verified the data and reviewed the technical information. For more information, visit https://www.noblemineralexploration.com.