Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) has announced the signing of a drill contract for 1,000 meters of diamond drilling in two holes located in Carnegie Township near Timmins, Ontario, Canada. The two 500-meter holes are designed to follow up on drilling conducted in 2022, with the objective of further defining the geology and mineralization in the area.
In addition to the initial program, an extra 1,000 meters (two holes) have been scheduled for Southwest Carnegie Township in early 2026, after freeze-up, due to swampy conditions at the proposed drill site. This phased approach allows the company to access the target areas under more favorable conditions.
The technical content of this release has been reviewed and approved by Wayne Holmstead, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. This oversight ensures that the exploration plans meet industry standards for technical accuracy and reliability.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company with a diverse portfolio of mineral properties. The company holds securities in Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc. (20%), as well as an interest in the Holdsworth gold exploration property near Wawa, Ontario. Noble's extensive land holdings include mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and about 24,000 hectares in Quebec, through which it plans to generate option/joint venture exploration programs.
Specifically, Noble holds mineral rights and/or exploration rights in about 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario, known as Project 81, as well as approximately 2,215 hectares in Thomas Twp/Timmins, and an additional 20% interest in roughly 38,700 hectares in the Timmins area. The company also owns about 175 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt, and base metal exploration targets at various stages of exploration.
Other properties include approximately 4,600 hectares in the Nagagami Carbonatite Complex and about 3,200 hectares in the Boulder Project, both near Hearst, Ontario. In Quebec, Noble holds around 3,700 hectares in the Buckingham Graphite Property, about 10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and approximately 1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property. Additionally, the company has a 569-hectare Uranium/Rare Earth property (Chateau), a 461-hectare Uranium/Molybdenum property (Taser North), approximately 4,465 hectares of REE Mehmet Property, and the roughly 3,300-hectare Gull Lake REE Property. More information about these properties can be found at https://www.noblemineralexploration.com.
Noble's common shares trade on the TSX Venture Exchange under the symbol "NOB". The company's forward-looking statements, particularly those concerning future performance, are subject to risks and uncertainties, and actual results may differ materially from plans and expectations. These risks are detailed in the company's filings with the TSX Venture Exchange and securities regulators, and Noble does not assume any obligation to update its forward-looking statements.
