Nobel Withdraws From Option to Acquire La Salvadora Copper & More Trending News


TORONTO, Nov. 24, 2022 (GLOBE NEWSWIRE) — Nobel Resources Corp. (TSX–V: NBLC; OTC: NBTRF) (the “Company” or “Nobel”) has determined to withdraw from its possibility to purchase the Salvadora mission (the “Project” or the “Property”) in Chile. According to Vern Arseneau, COO of Nobel, “The Company has reviewed all of the technical results to date. The Company intersected copper mineralization from all drill holes, which were located in two areas of the Property, including several intervals grading more than 1% copper. However, the mineralization did not demonstrate sufficient grade or continuity to support development of a commercial scale copper mining operation. The potential for a covered oxide zone associated with the sulphide copper mineralization was also evaluated by drilling, and the extent of the copper oxide mineralization was too limited for development. The Company is excited to pursue its recently acquired Pircas Verde Project, where potential for a larger deposit remains to be tested.”

Qualified Person

The scientific and technical info on this information launch has been reviewed and authorized by Mr. David Gower, P.Geo., as outlined by National Instrument 43-101 of the Canadian Securities Administrators.

About Nobel

Nobel Resources is targeted on exploring for and creating copper initiatives in Chile, the premiere copper mining jurisdiction globally. The Company has a staff with a powerful background of exploration success within the area.

For additional info, please contact:
Vincent Chen
Investor Relations
[email protected]

Cautionary Note Regarding Forward-looking Information

This press launch comprises “forward-looking information” throughout the that means of relevant Canadian securities laws. Forward-looking info consists of, with out limitation, concerning the prospectivity of the Project, the mineralization of the Project, the Company’s capability to discover and develop the Pircas Verde mission and the Company’s future plans. Generally, forward-looking info will be recognized by means of forward-looking terminology akin to “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking info is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of Nobel, because the case could also be, to be materially totally different from these expressed or implied by such forward-looking info, together with however not restricted to: common enterprise, financial, aggressive, geopolitical and social uncertainties; the precise outcomes of present exploration actions; dangers related to operation in international jurisdictions; capability to efficiently combine the bought properties; international operations dangers; and different dangers inherent within the mining trade. Although Nobel has tried to determine necessary components that might trigger precise outcomes to differ materially from these contained in forward-looking info, there could also be different components that trigger outcomes not to be as anticipated, estimated or supposed. There will be no assurance that such info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking info. Nobel doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.


Nobel Withdraws From Option to Acquire La Salvadora Copper

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Nobel Withdraws From Option to Acquire La Salvadora Copper

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Nobel Withdraws From Option to Acquire La Salvadora Copper

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