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FAQ: Noble Minerals' Acquisition of Rare Earth Property in Labrador
TL;DR
Noble Mineral Exploration Inc. gains strategic advantage by acquiring a rare earth element property near established deposits, positioning for future mineral development opportunities.
Noble acquired 647 hectares through map staking, with previous sampling showing up to 8.34% rare earth oxides and systematic drilling confirming mineralization continuity.
This exploration advances Canada's critical minerals development, supporting future technologies and sustainable resource management for cleaner energy applications worldwide.
The Chapiteau property contains rare earth elements essential for modern electronics, with samples revealing significant concentrations of cerium, lanthanum, and neodymium oxides.
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Noble Mineral Exploration Inc. has acquired a rare earth element enriched property called the Chapiteau Property in Labrador through map staking, consisting of 25 units covering approximately 647 hectares.
The property is located 100 kilometers south of the Strange Lake and B-Zone deposits and 38 kilometers northeast of the Crater Lake Scandium-Rare Earth resource in Labrador.
Midland Exploration Inc. conducted exploration in 2010/2011, including a 3,143-line-kilometer airborne magnetic and radiometric survey, prospecting, sampling, channel sampling, and one diamond drill hole (Y3-11-04).
Previous sampling returned values up to 8.34% total rare earth element oxides (TREOs), including high concentrations of cerium oxide (8.22%), lanthanum oxide (3.38%), neodymium oxide (3.39%), and heavy rare earth element oxides ranging from 2.29% to 12.85%.
The mineralization is associated with iron oxides nested in pegmatite-aplite dikes and plurimetric iron oxide clusters disseminated in an alkaline granite intrusion that manifests as a 9-kilometer diameter airborne magnetic anomaly.
Six grab samples greater than 0.5% TREO were located, ranging from 1.40 to 3.02% TREO, with various rare earth oxides including lanthanum oxide (0.29-0.79%), cerium oxide (0.60-1.48%), and neodymium oxide (0.23-0.45%).
Drill hole Y3-11-04 intersected alkaline granite with disseminated iron oxides and returned anomalous TREO + Y2O3 values averaging 0.14%, with the best results showing 0.16% TREO + Y2O3 over 7.5 meters.
The property was acquired through map staking and consists of 25 map staked units covering a total of approximately 647 hectares.
This acquisition provides Noble with a property containing proven rare earth element mineralization with high concentrations of both light and heavy rare earths, positioning the company in a strategic rare earth exploration area near established deposits.
Curated from NewMediaWire
