Nobel29 Resources Corp. Commences Induced Polarization Surveys Over Priority Target Areas, Algarrobo Copper-Gold Project, Chile

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[{"type":"text","content":" TORONTO, June 17, 2021 (GLOBE NEWSWIRE) -- Nobel29 Resources Corp. (TSX-V: NBLC; OTC: NBTRF) (the “Company” or “Nobel”) announces that it has commenced Induced Polarization (“IP”) surveys over the priority target areas indicated by the recently completed magnetometer survey (see news release June 11, 2021) at the Algarrobo project in Chile (Figure 1) (the “Project” or the “Algarrobo Project”). The planned survey contemplates doing pole–dipole arrays over the larger target areas indicated by the magnetic survey and gradient array in the areas of the mineralized trends where the higher grade veins are known to occur and sand cover is demonstrated to be relatively thin (Figure 2). The contract for the survey was awarded to Argali Geofisica EIRL, a highly experienced geophysical contractor in the Chilean copper environments. Approximately 80 line-kilometers of IP surveying has been laid out which should be completed in approximately 6 weeks. High priority areas should be completed in approximately 3-4 weeks. It is expected that final assays from the drill campaign will be received in that period and the magnetic, IP and reconnaissance drilling along with trenching and geological mapping can be integrated prior to commencing the main phase of diamond and RC drilling. According to Vernon Arseneau, P.Geo., COO of Nobel, “Although the Project area has been subject to artisanal mining for decades, which demonstrates the presence of high-grade copper mineralization distributed over at least 5 kilometers, the Project is unusual in that there is limited basic geological mapping, geophysical data or documentation of the geological controls on the mineralization given the long history of mine development. The reconnaissance drilling by the Company integrated with the new magnetic and IP data bases and basic geological and structural mapping will provide a powerful base from which to effectively explore the Project.” IP Survey Details The larger targets will be surveyed with the pole-dipole array and a dipole spacing of 100m or more to obtain significant depth penetration of 400m or more. Sand dunes (mostly in the western part of the grid) may present problems for the pole-dipole array which requires many regularly spaced current electrodes along the line. If current cannot be transmitted in the sand areas, then the gradient array will be tes...

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