Project 81 – Timmins-Cochrane Properties
An exploration and development property wherein the Company holds mineral rights, in excess of 36,400 hectares, in the Timmins-Cochrane area of Northern Ontario, included in which Noble has acquired a 50% interest in 7 patents and 310 tenure identified mining claims totalling ~6,600ha in Carnegie, Kidd, Wark and Prosser Townships and an option on 4,800ha in Calder Twp.
Project 81 is a land package of patented, optioned and staked mineral claims. The property hosts a number of zones that have historical exploration identifying nickel-cobalt-PGMs, VMS and gold mineralization from work carried out in the 1960's and 1970's (these sample results are historical and non-NI 43-101 compliant) as well as assay results from drilling conducted by the Company in 2012, 2018 and 2020. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.
Township Properties – Mann, Hanna, Duff and Reaume Townships
Noble has options to acquire 307 mining claims (the “Claims”) in Mann, Hanna, Duff, and Reaume Townships, covering an area totaling approximately 6,539 hectares. The Company has also staked an additional 256 mining claims in Mann, Hanna, Duff and Reaume Townships totaling approximately 5,453 hectares. This property has been optioned to Canada Nickel Company for cash shares and work to earn an 80% interest.
Nagagami River – Hearst Area, Northern Ontario
677 claims through staking, to cover the Nagagami Carbonatite/Alkalic Complex, located about 65 kilometers Northwest of Hearst Ontario. The staked area is equivalent to about 14,600 hectares or 140 square kilometers. A study of the magnetic data for the Nagagami Complex and the Niobec Mine both indicate a donut shaped structure with syenitic rocks forming the circular magnetic high with carbonatitic rocks forming the central magnetic low. At Niobec, it is in the central magnetic low where the Niobium and Rare Earth mineralization is hosted.
19 contiguous patented mining claims covering approx. 304ha, 16 claims in S. Corbiere Township and 3 claims in N. Esquega Township. The Company owns 100% mineral rights subject to 1-5% NSR and 5-10% NPI subject to payback of all historic costs. A wholly-owned gold exploration property in the Wawa area of Ontario.
Noble has acquired a Copper-Precious Metals Prospect near Hearst, Northern Ontario. The Company has optioned to acquire a 100% interest in 204 claim units in Way Twps. The claims extend from about 4 to 15km southwest of the town of Hearst. The staked area is equivalent to approximately 4,500 hectares.
A 140kg boulder was found in the area containing significant concentrations of base and precious metals, upon which an analysis, conducted in 2019 by the Ontario Geological Survey, determined that the boulder contained; 71.8% copper, 3.5% lead, 1.09% zinc, 252 g/T of silver, 3.79 g/T of gold, 4.43 g/T of palladium, and 2.22 g/T of platinum and consisted primarily of the mineral cuprite. The significant discovery of the highly mineralized boulder was in an area that has not seen much past exploration. The discovery of the source of the boulder would be an important mineral find.