Noble Mineral Exploration Inc. Experiments with AMT Geophysical Survey for target identification - Dargavel Twp
Toronto, May 24, 2017 - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSX-V: NOB, FRANKFURT: NB7, OTC.PK: NLPXF) is pleased to announce that, it has entered into a services Agreement with Earth Science Services Corp ("ESSCO") to use its propriety Stargate II AMT technology to provide detailed, drill target identification of a high priority target in Dargavel Twp., Northern Ontario. The entire Dargavel Township is under explored and located within Noble's Project 81 - an ~70,000 hectare land package controlled by Noble. SG II uses an Ultra-Sonic enhanced deep-penetrating AMT (Audio-Magnetotellurics) system and proprietary algorithms, hardware and software. A survey data environment has been identified on the Dargavel Twp Property of Project 81. Analysis of the survey data identified a target of significant magnitude based on their size/volume criteria (the "Target"). A detailed structural model and map of the criteria meeting "Target" area has been generated and has been provided to Noble. To this point ESSCO has identified it as "Project A" located in the North-West quadrant of Dargavel. A fixed wing or heliborne survey will be carried out by ESSCO over the target area in order to locate subsurface pierce point vectors and spot one drill hole collar on the Target identified. Should both parties agree that it is reasonably feasible, ESSCO will drill one Noble financed target hole of approximately 900 meters on the Target as efficiently and economically as possible allowing for logistics related to topography and ground conditions which if successful will receive one million shares of Noble treasury shares subject to TSX Venture Exchange approval.
Vance White, Noble's President and CEO commented: "We're very excited to enter into this agreement as it may have the potential to highlight significant structure in an underexplored part of this township in the very large ~70,000 Hectare Project Area. This may lead to numerous other applications of the system to other potential targets on Project 81."
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds in excess of 70,641 hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold and base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com.
Noble's common shares trade on the TSX Venture Exchange under the symbol "NOB".
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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