Northwire Canada EditionThursday, November 12, 2026
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Drill Results

Noble Mineral signs drill contract for Thomas

By The Northwire Desk — AI Analysis Jan 22, 2026 · 17:33 NOB · 0.25 Noble Mineral Exploration Inc.
NOB · Price

Executive Summary

  • Noble Mineral Exploration Inc. has signed a drill contract to commence drilling on its Thomas rare earth property near Timmins, Ontario, targeting a previously untested magnetic feature identified as a potential carbonatite.
  • The drilling program aims to confirm the existence of a carbonatite structure and test for economic mineralization of rare earth elements (REEs), niobium, zirconium, and phosphate oxide.
  • The exploration program is partially funded by a 50% rebate grant from the Ontario Junior Exploration Program (OJEP), covering up to $200,000 of a $400,000 total exploration budget.

Key Details

  • Project Location: Thomas rare earth property, Thomas township, near Timmins, Ontario.
  • Target Geology: A magnetic feature resembling a classic carbonatite, characterized by a magnetic high surrounding an extreme magnetic low caused by carbonate-rich sections. Carbonatites are primary sources of REEs, niobium, zirconium, and phosphate oxide.
  • Drilling Objective: Phase 2 drilling will target the magnetic low to confirm the carbonatite structure and test for economic mineralization.
  • Survey Data: In 2023, Noble completed a magnetometer and VLF-EM survey to identify the exact position of the magnetic low and determine the depth of overburden.
  • Status of Target: To the best of the company's knowledge, the magnetic structure has never been drilled and does not outcrop on the surface.
  • Funding: The company was awarded an Ontario Junior Exploration Program (OJEP) grant providing a 50% rebate on exploration programs up to $200,000, based on a $400,000 exploration program in Ontario.
  • Qualified Person: Wayne Holmstead, PGeo (No. 2509), has verified the technical data disclosed in the release in accordance with National Instrument 43-101.

Notable Quotes

  • "We are pleased to start up a drill program on this exciting untested project in light of the geopolitical interest in finding new sources of rare earth elements. We also appreciate the assistance Ontario's OJEP." — Vance White, President and CEO
Read the original news release →

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