Nobel Resources receives permits to drill at Cuprita

Executive Summary

• Nobel Resources Corp. has received all necessary permits to commence its first-ever drill campaign at the Cuprita project in the Antofagasta Region, Chile, as early as November.
• The initial phase involves diamond drilling from eight platforms, with additional platforms to be added based on results, targeting a highly prospective copper porphyry system.
• Geological indicators, including a leach cap, soil anomalies with copper values 300% above background, and ground magnetic lows, support the potential for a buried porphyry deposit.

Key Details

• Permit Status: All necessary permits received from the Copiapo office of Servicio Nacional de Geologia y Minera (SERNAGEOMIN) during the week of Oct. 12.
• Drilling Schedule: First drill campaign expected to commence as early as November.
• Drilling Plan: First phase includes diamond drill holes from eight initial platforms; additional platforms will be added based on results.
• Project Location: Cuprita project, Atacama region of northern Chile, part of the Metallogenic Paleocene porphyry copper belt.
• Geological Context: Project sits on a north-northeast-trending major structural corridor crosscut by a northwest-trending secondary structure, similar to world-class deposits like Spence, Sierra Gorda, and El Salvador.
• Geological Indicators:
  • Identification of a leach cap with associated copper, lead, and zinc anomaly in soils.
  • Soil anomaly located adjacent to a ground magnetic low.
  • Soil values exhibit copper levels more than 300% above expected background levels, particularly southeast of the outcropping leach cap.
  • Presence of copper oxides, quartz veins, and remanent sulphides near intersecting major faults.
  • Large area of tourmaline breccias identified, considered a favorable pathfinder for productive porphyry systems.
• Qualified Person: David Gower, PGeo, reviewed and approved the scientific and technical information.

Notable Quotes

• "With the fieldwork now completed and drill permits in hand we are very excited to be the first to drill Cuprita." — Larry Guy, Chairman and CEO
• "The classic signature of a buried porphyry at Cuprita can't be ignored. We are excited to get the drill turning. Nobel's outstanding portfolio of additional exploration projects in Chile will be tested in 2026." — Larry Guy, Chairman and CEO