Noble advised that MacDonald Begins Metallurgical Testing of Oxide Sands on the Wawa-Holdsworth Project
The Wawa-Holdsworth pyrite prospect is a gold- and silver-bearing, black-coloured, oxidized cap (oxide sands) that overlies a massive pyrite zone. The strike of the pyrite zone runs over two kilometres and its thickness ranges from two to 10 metres. The oxide sands reach a depth of more than eight metres. A sampling program of the oxide sands conducted in 2002 produced an average grade of 4.03 grams per tonne gold and 30.89 g/t silver. Preliminary mill testing by normal vat leach processing without crushing or other processing resulted in a gold recovery of 94 per cent (Seymour M. Sears, PGeo, 2002).
The metallurgical testing initiated by MacDonald Mines will investigate simple processing methods that require no chemicals to concentrate the gold and silver and achieve the highest possible recovery.
To evaluate multiple options the following will be completed:
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-Head assays;
-Mineralogical characterization of the feed;
-Bond ball mill grindability test;
-Heavy liquid separation testing;
-Knelson concentrator testing;
-Flotation and leach testing on gravity tailings as diagnostic tests.
Quentin Yarie, MacDonald's president and chief executive officer, commented: "In the few months our team has worked on the Wawa-Holdsworth project, we've already initiated a bulk sampling program of the oxides sands, initiated metallurgical testwork on the immediate gold target on the property and secured a 100-per-cent interest in the property. Following spring breakup, the company will ramp up its sampling program to better define the oxide sands and continue to prepare for their potential extraction."
Wawa-Holdsworth project highlights:
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-Approximately 285 hectares, 20 kilometres northeast of the town of Wawa;
-Neighbouring Argonaut's greater-than-six-million-ounce gold Magino deposit and Richmont's greater-than-one-million-ounce gold Island gold mine;
-Numerous gold showings with diversified mineralization styles occurring in a 500-metre-wide deformation corridor;
-Year-long road access and easy access to rail, road, electrical power, labour force and suppliers.
Qualified person
Mr. Yarie, PGeo, is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.
About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration is a mineral exploration company headquartered in Toronto, Ont., focused on gold and silica exploration in Canada. The company has built a portfolio of safe-jurisdiction, infrastructure-rich projects that demonstrate the greatest market potential for return. The company is aggressively advancing its highly prospective Wawa-Holdsworth project and has recently signed a binding letter of intent to secure 100-per-cent interest in the Holdsworth property."
Vance White, Noble's President and CEO commented: "By entering into a binding Letter of Intent with MacDonald, Noble will become a significant shareholder in MacDonald, have a potential gold streaming revenue stream and an ongoing NSR over the entire project area. We are very pleased that the MacDonald team are aggressively proceeding with metallurgical testing and bulk sampling of the oxide sands with the potential to generate near term cash flow. Noble will continue to focus on Project 81, where we plan an Airborne Gravity Gradiometer Survey over the entire ~70,000 Hectare Project Area as well as an airborne EM/Mag survey over the two southern townships (Carnegie and Crawford) which sit immediately north of the world class Kidd Creek mine of Glencore Xstrada celebrating its fiftieth year of production".
Randy Singh P.Geo(ON), P.Eng (ON), VP Exploration & Project Development of Noble and a "qualified person" as such term is defined by National Instrument 43-101 has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.
About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario focused on gold and silica exploration in Canada. The Company has built a portfolio of safe-jurisdiction, infrastructure-rich projects that demonstrate the greatest market potential for return. The Company is aggressively advancing its highly prospective Wawa-Holdsworth Project and Charlevoix Silica Property.
Wawa-Holdsworth Project Highlights:
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-Approximately 285 hectares, 20 kilometres northeast of the town of Wawa
-Neighbouring Argonaut's >6Moz gold Magino Deposit & Richmont's >1Moz gold Island Gold Mine;
-Numerous gold showings with diversified mineralization styles occurring in a 500 metres-wide deformation corridor;
-Lode Gold in traditional quartz veins, known as the "The Soocana Vein;
-an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) known as the "The Oxide Sands";
-the precursor to the Oxide Sands - a massive pyrite zone (Algoma Iron Formation) at depths, known as "The Massive Sulphide";
-Year-long road access and easy access to rail, road, electrical power, labour force and suppliers;
-Fee simple absolute ownership of both surface and mineral rights property-wide facilitates the early and advanced exploration process and timelines.
The Company's common shares trade on the TSX Venture Exchange under the symbol "BMK".
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 70,641 hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario known as Project 81. The Project hosts diversified drill ready gold and base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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