Noble Mineral upbeat about Quebec government data

Executive Summary

• Noble Mineral Exploration Inc. has identified significant scandium and rare earth element (REE) potential in the Chibougamau area of Quebec based on a review of historic 1986 government geochemical data.
• The company has acquired 22 new claims totaling 1,232 hectares, located approximately 90 kilometers southwest of Chibougamau, to further explore these critical mineral targets.
• The discovery highlights elevated concentrations of scandium, niobium, thorium, and other critical metals, prompting plans for modern exploration activities including geochemical sampling, mapping, geophysics, and drilling.

Key Details

• Claim Acquisition: 22 claims acquired via map staking, totaling 1,232 hectares.
• Location: Approximately 90 km southwest of Chibougamau, Quebec.
• Geology: Area exhibits basalt (V3B) and tonalite (I1D) lithologies.
• Key Geochemical Highlights (from 1986 dataset):
  • Sample 1986000266 (Basalt): 530 ppm Scandium (Sc), 360 ppm Vanadium (V), 160 ppm Copper (Cu), 30 ppm Niobium (Nb), 0.19% Manganese (Mn).
  • Sample 1986000257 (Tonalite): 247 ppm Scandium with associated Niobium and Thorium enrichment.
  • Sample 1986000256 (Tonalite): 185 ppm Scandium with elevated Thorium and Niobium.
  • Sample 1986000289 (Tonalite): 148 ppm Scandium and 405.3 ppm Total Rare Earth Elements (REE), plus 32 ppm Thorium.
  • Sample 1986000258 (Tonalite): 91 ppm Scandium with additional trace element enrichment.
• Strategic Context: Scandium is identified as a critical metal used in high-strength aluminum alloys, solid oxide fuel cells, and advanced aerospace materials.
• Future Exploration Plans:
  • High-resolution geochemical sampling.
  • Structural and lithological mapping.
  • Geophysical surveys.
  • Targeted drilling programs.
• Technical Verification: Data verified by Wayne Holmstead, Quebec PGeo No. 10434, a "qualified person" under National Instrument 43-101.

Notable Quotes

• Vance White, President and CEO: "We are very pleased to acquire this exciting new project in light of the geopolitical interest in finding new sources of Scandium and Rare Earth Elements"