Noble Minerals Acquires a Rare Earth Property in Labrador

Executive Summary

• Noble Mineral Exploration Inc. acquired the 647‑hectare Chapiteau Property in Labrador through map staking, adding a rare‑earth element (REE) enriched system to its portfolio.
• Historical airborne surveys and recent sampling on the property returned high REE grades, including up to 8.34 % TREO and notable heavy‑REE concentrations.
• A 2011 diamond drill hole (Y3‑11‑04) intersected alkaline granite with disseminated iron oxides, delivering anomalous 0.11–0.19 % TREO + Y₂O₃ over multiple intervals, confirming the presence of REE mineralization.

Key Details

• Acquisition Scope: 25 map‑staked units covering ~647 ha on the Chapiteau Property, located 100 km south of Strange Lake and B‑Zone deposits and 38 km NE of the Crater Lake Scandium‑REE resource.
• Historical Survey (2010/11): Midland Exploration completed a 3,143‑line‑km airborne magnetic/radiometric survey; identified numerous REE anomalies.
• Grab Sample Results (Midland data):
• TREO up to 8.34 %, HREO 2.29–12.85 % of TREO.
• Individual REEs: Ce₂O₃ = 8.22 %, La₂O₃ = 3.38 %, Nd₂O₃ = 3.39 %, Y₂O₃ = 0.66 %, Pr₂O₃ = 0.96 %, Dy₂O₃ = 0.19 %, Gd₂O₃ = 0.35 %.
• Recent Noble‑Collected Grab Samples (6 samples >0.5 % TREO):
• TREO range 1.40–3.02 %.
• La₂O₃ = 0.29–0.79 %, Ce₂O₃ = 0.60–1.48 %, Pr₂O₃ = 0.06–0.14 %, Nd₂O₃ = 0.23–0.45 %, Y₂O₃ = 0.02–0.10 %, Dy₂O₃ = 0.006–0.02 %, Gd₂O₃ = 0.02–0.03 %.
• Channel Sampling: 26 mineralized areas yielded TREO values 1.02–8.34 %; anomalies associated with iron‑oxide‑rich pegmatite/aplite dikes and a 9 km diameter magnetic anomaly (alkaline granite).
• Diamond Drill Hole Y3‑11‑04 (2011):
• Intersected grey‑pink coarse‑grained alkaline granite with 2–3 % disseminated iron oxides.
• 29 samples (1–1.5 m each) gave average 0.14 % TREO + Y₂O₃, ranging 0.11–0.19 %.
• Notable intervals:
  • 0.13 % TREO + Y₂O₃ over 7.5 m (25.0‑32.5 m)
  • 0.14 % TREO + Y₂O₃ over 12.0 m (38.0‑50.0 m)
  • 0.16 % TREO + Y₂O₃ over 7.5 m (64.0‑71.5 m)
• Technical Review: Qualified Person Mike Kilbourne, P.Geo., has reviewed and approved the technical content per NI 43‑101 standards.

Notable Quotes

(No direct quotes were provided in the release.)