TORONTO, May 30, 2012 /PRNewswire/ -- Noble Mineral
Exploration Inc. (the "Company") (TSX-V:NOB,
FRANKFURT:NB7, OTC.PK:NLPXF) is pleased to announce that it has
identified Awaruite (Ni3Fe) – naturally occurring alloy of
nickel and iron (75Ni/25Fe), Heazlewoodite (Ni3S2) and Cobaltian
Pentlandite (Fe19Ni29Co4S48) in pulp samples from Project 81,
Kingsmill Nickel Deposit. This Nickel Body has been exhibiting low
sulphur content throughout the mineralized Serpentinized Peridotite
ultramafic rock unit from the TD-ICP and AR-ICP analysis done
to-date, results were previously released on February 21st, March
5th and 29th and April 12th,
2012. Twenty (20) representative samples from the eastern
and western parts (along an identified strike length of 1800 m) of
the Nickel body were analysed at the Actlabs Facility in
Ancaster, Ontario using an MLA-SEM
technique and Davis Tube Analysis.
Samples were prepared as polished sections of rock, riffle
split, from pulps previously used in the ICP analysis, and Awaruite
was identified as individual grains and intimately associated with
Heazlewoodite and Magnetite. Davis Tube analysis also generated
recoverable Magnetic and Non-Magnetic fractions, the quantity of
which can be considered comparable to known Awaruite deposits under
exploration elsewhere in the world. The limitations of using the
pulps in this analysis are recognized and it was in no way intended
to quantify the magnetically recoverable nickel alloy
fraction. More detailed analysis using a coarser grind
instead of pulverized samples is required to better understand the
Awaruite distribution and characteristics in this nickel
deposit.
Dr. Gordon Bacon, P.Eng.
(BC, ON) has reviewed the results to date and, based on his
extensive experience with Awaruite deposits throughout the world
and more recently with the Cliffs Resources operated First Point
Minerals, Decar Project in British
Columbia, has been retained as the metallurgical consultant
on this project in order to better understand the mineralogy and
metallurgy of the Kingsmill Nickel Deposit. His initial
review has indicated that additional metallurgical testing is
required that the Company will undertake immediately. Dr.
Bacon has also agreed to be the Qualified Person ("QP") under NI
43-101 for the Kingsmill Nickel Project.
Vance White, President and CEO of
Noble, said "We are pleased to welcome Dr. Bacon to the Noble
team as we believe his global credibility and expertise will assist
Noble in moving the Kingsmill Nickel Project forward."
Project 81-Kingsmill Nickel Deposit is very close to road,
rail and hydropower infrastructure and available Nickel grinding
circuits in the Timmins area.
There remain a number of similar large strongly magnetic
anomalies that are interpreted to be "faulted extensions" of the
Kingsmill Nickel Body within Project 81, that require follow up
exploration and drilling.
NOB Exploration Update:
A 6-hole, 3000m NQ size diamond drill program is currently under
way on the Lucas Gold Target. Five (5) holes have been
completed totalling approximately 2,577m. A number of samples from
all holes have been submitted for analysis and assay results are
pending. Samples are being analysed at Activation Laboratories Ltd
(Actlabs) in Timmins, an ISO 9001
accredited laboratory.
About Project 81:
Project 81, the Company's flagship project, is a 72,410 hectare
patented and staked land package divided into 2 blocks. The patents
include surface, mineral and timber rights, and host a significant
timber resource plus a number of zones that have historical
exploration identifying nickel and gold mineralization (these
sample results are historical and non 43-101 compliant) from work
carried out in the 1960's and 1970's, which have been
confirmed by recent assay results from the current, ongoing drill
program.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior
exploration company holding in excess of 72,000 hectares of
property in the Timmins,
Iroquois Falls and Smooth Rock Falls areas of Northern
Ontario. The Company also holds a portfolio of diversified
exploration projects at various stages of exploration and drilling
for Vanadium, Nickel, Copper, Chromium and PGM in the 'Ring of
Fire' McFauld's Lake Area of Northern
Ontario, Gold in the Wawa
area of Northern Ontario, and
Uranium in Northern
Saskatchewan.
Michael Newbury, P. Eng (ON), a
"qualified person" as such term is defined by National Instrument
43-101 and a Director of NOB 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 NOB. On
site core logging and sampling was executed by Howard Lahti PhD,
P.Geo (NB), under the supervision of Randy
Singh P.Geo (ON), P.Eng (ON) VP Exploration & Project
Development of NOB.
More detailed information is available on the website at
www.noblemineralexploration.com
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
Phone: 416-214-2250
eMail: ir@noblemineralexploration.com
SOURCE Noble Mineral Exploration Inc.