Nobel Resources Closes Transaction to Acquire Four Chilean Copper Projects

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[{"type":"text","content":"Nobel Resources Closes Transaction to Acquire Four Chilean Copper Projects\n\n\n\n TORONTO, April 03, 2025 (GLOBE NEWSWIRE) --\n \n Nobel Resources Corp.\n \n (TSX – V: NBLC) (the “Company” or “Nobel”) is pleased to announce that it has completed the transaction to acquire four separate copper projects, namely Cuprita, Janett, Pampa Austral and Anais (collectively, the “Projects”) in Antofagasta Region, Chile (the “Transaction”). Pursuant to the Transaction, Nobel has acquired an option to acquire 100% of each of the Projects (the “Options”). Please refer to the Company’s press release dated January 6, 2025 for further details regarding the Transaction and the Projects.\n \n\n The Cuprita Project is the most advanced Project being acquired pursuant to the Transaction and is now the Company’s principal asset. The Cuprita Project is located in an area that is accessible year-round. Cuprita is a highly prospective, copper project with multiple near surface targets identified during recent rock sampling campaigns.\n \n\n\n Highlights:\n \n\n\n\n Cuprita is located in the renowned Chilean Paleocene Porphyry Copper Belt that hosts several major porphyry copper deposits, such as El Salvador, Cerro Colorado, Spence, Sierra Gorda, Fortuna, as well as some Au deposits (see figure 1).   The copper oxide mineralization (atacamite with lesser brochantite and chrysocolla) occurs in fracture fillings, within quartz veinlets, filling the matrix of hydrothermal breccias and within structures of quartz veins. Cuprita is located at a structural intersection between the primary NNE striking major faults and the secondary NW striking structures (see figure 2). This is an important structural context and is associated with several major deposits in the region. The property has untested geological and geophysical characteristics that indicate potential for a significant porphyry copper deposit. High grade copper values (mainly in the veins) were sampled by the Company during its due diligence review of Cuprita with some anomalous molybdenite up to 165ppm. (Table 1.)\n \n\n\n\n\n Table 1. Due Diligence Rock Chip Samples\n \n\n\n\n\n\n SAMPLE\n \n\n\n\n NORTH\n \n\n\n\n EAST\n \n\n\n\n ELEVATION\n \n\n\n\n Cu_%\n \n\n\n\n Au_(ppm)\n \n\n\n\n Ag_(ppm)\n \...

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