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FAQ: Noble Minerals' Acquisition of the Mehmet Rare Earth Property in Northern Quebec
TL;DR
Noble Mineral Exploration gains strategic advantage by acquiring the 4,465-hectare Mehmet Property with high rare earth element concentrations in Quebec's emerging critical minerals district.
Noble acquired 90 mining claims via map staking covering a 10-kilometer circular magnetic structure containing fractured syenite with allanite crystals and rare earth element mineralization.
This acquisition supports Canada's critical minerals supply chain for green technologies, contributing to sustainable energy solutions and economic development in Northern Quebec communities.
The Mehmet Property features a unique circular magnetic structure with exceptionally high rare earth concentrations, including 2,157 ppm total rare earth elements in government samples.
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Noble Minerals acquired 90 mining claims covering approximately 4,465 hectares called the Mehmet Property, located about 163 kilometers east of Schefferville on the Quebec-Labrador border.
The property contains hyperalkaline rock with rare metals, specifically an alkali feldspar and clinopyroxene syenite containing abnormally high amounts of allanite crystals and allanite-filled microfractures, along with apatite, fluorite, and magnetite.
Quebec government sampling showed 2157.1 ppm total rare earth elements (including 114.4 ppm heavy rare earths), 2144.6 ppm Zirconium, 392.7 ppm Neodymium, 135.3 ppm Yttrium, 26.1 ppm Thorium, and 71.5 ppm Niobium.
This acquisition demonstrates Noble's commitment to exploring for critical minerals in Canada and adds a promising rare earth element property to their exploration portfolio in a region known for rare earth potential.
The property forms a circular-shaped magnetic structure approximately 10 kilometers across, classified by the Quebec Government as hyperalkaline rock with associated rare metals.
Besides the Quebec government sampling, very little exploration work has been done on the property, indicating it remains largely unexplored.
The Mehmet Property is located about 65 km southwest of the Crater Lake Property where Scandium Canada has defined a rare earth and scandium resource.
Wayne Holmstead, P.Geo (OGQ#10434), a qualified person as defined by National Instrument 43-101, reviewed the data and approved the technical information on behalf of Noble Minerals.
Noble holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and 14,000 hectares elsewhere in Quebec, plus holdings in Canada Nickel Company, Homeland Nickel, East Timmins Nickel, and various other properties including Project 81 and the Holdsworth gold property.
Curated from NewMediaWire
