In This Article:
TORONTO, ONTARIO - January 17, 2025 (NEWMEDIAWIRE) - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) s pleased to announce the acquisition of the Chateau Property, a 12 claim property (569 hectares) by map staking in the Kitivik region of Northern Quebec. Historical work from a reconnaissance program in 2008 by Azimut Exploration indicated the following results in 4 grab samples taken on the property. This program identified significant mineralization on a 1 km by 0.5 km, thorium equivalent, airborne radiometric anomaly and highlights the project's potential for critical minerals. (Fig 1)
Highlights
- Historical work indicates grab samples up to 0.24% UO, 10.6% REEO (total rare earth oxides), 14.3% PO (phosphorus pentoxide) and 110.0 g/t Ag (silver)
- Samples are associated with a 1 km by 0.5 km thorium-equivalent, airborne radiometric anomaly.
Highlights of the Historical Results:
1. Grab Sample A:
- 0.12% UO (uranium oxide)
- 2.73% ThO (thorium dioxide)
- 10.6% REEO (rare earth oxides)
- 0.77% YO (yttrium oxide)
- 14.3% PO (phosphorus pentoxide)
- 0.10% Pb (lead)
2. Grab Sample B:
- 0.19% UO
- 0.3% ThO
- 110.0 g/t Ag (silver)
- 1.90% ZrO (zirconium dioxide)
- 0.18% Pb
3. Grab Sample C:
- 0.24% UO
- 0.16% ThO
- 0.44% ZrO
- 0.15% Pb
4. Grab Sample D:
- 0.10% UO
In addition, the area is characterized by high uranium values in lake sediment samples taken by the Quebec Government. One sample taken 1.3 km east of the rock sampling analyzed 124 ppm uranium. (Fig 1)
Figure 1: Highlights of the Chateau Property on a thorium equivalent, airborne radiometric anomaly background
Discussion of Results: The past work demonstrates the polymetallic nature of mineralization at Chateau, with notable concentrations of uranium, thorium, rare earth elements (REEs), yttrium, phosphorus, zirconium, and silver. In particular, the high-grade Rare Earth and Phosphorus values in Grab Sample A and the elevated silver and zirconium content in Grab Sample B underscore the project's potential to host critical minerals.
Vance White (CEO of Noble Minerals) commented: "We are highly encouraged by these historic results, which validate the strategic significance of the Chateau Project. The combination of critical minerals and rare metals in such concentrations, positions Chateau as a key critical mineral asset in the Noble group of properties. The global shift toward clean energy, advanced technologies and the search for North American sources of critical minerals makes this property a valuable asset and Noble is committed to advancing this project and unlocking its full potential."