Noble Mineral Exploration Inc (OTCMKTS:NLPXF) Stock In Focus After Recent Development
Shares of Noble Mineral Exploration Inc (OTCMKTS:NLPXF) have been moving within a narrow range over the past week.
Market Stats
On Thursday, NLPXF stock ended flat at $0.0977 with more than 10k shares, compared to its average volume of 1.8k shares. The stock has moved within a range of $0.0977 – 0.0977 after opening trading at $0.0977.
Noble Mineral Mobilizes Drill to Dargavel/Aubin Townships to Verify Historic Gold Values
Canadian-based junior exploration company Noble Mineral Exploration Inc (OTCMKTS:NLPXF) on January 6, 2021, announced that mobilization of drill and crew has commenced on the Dargavel/Aubin property.
Designed for testing historic gold values, the drill program is intersected by Inco in the 1960s and Chevron in the 1980s.
A minimum of 2,000 meters is in the pipeline and Dargavel/Aubin Property is owned 100% by the company subject to 50/50 Option /JV with just 2% held by Franco Nevada. The two sites having the highest potential have been chosen from the many targets.
The Noble drill hole ended in mineralization and will be extended to define the true extent of the mineralization. Additional drilling will be done to test geophysical anomalies along the strike for approximately 5.5 km.
Vance White, President, and CEO of Noble said that the company is keen on continuing exploration of Dargavel Township Property.
White added that the prior work done by the company had detected gold mineralization in five out of six holes drilled. According to the CEO, the current program of diamond drilling and geophysics will facilitate defining the unknowns in the zone.
Michael Newbury P.Eng, a “qualified person” has verified the data. Noble Mineral Exploration will continue to hold about 40,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario as well as in Central Newfoundland.
Key Quote
Vance White, President and CEO of Noble, said” We are excited to continue the exploration on the Dargavel Township Property. Previous work carried out by Noble on the property detected gold mineralization in the five out of six holes drilled. What was not defined by the last program was the strike length of the zone or the width of the zone. The present program of geophysics and diamond drilling will help to define these unknowns.”
Traders Corner
NLPXF stock is above the 20-Day and 50-Day Moving averages of $0.1010 and $0.0996 respectively. The stock is trading in the neutral zone with the RSI at 48.
