Nobel Withdraws From Option to Acquire the Algarrobo Copper Project in Chile
March 28 2023 - 6:00PM
Nobel Resources Corp. (TSX–V: NBLC; OTC: NBTRF)
(the “Company” or “Nobel”) has decided to withdraw from its option
to acquire the Algarrobo project (the “Project”) in Chile.
According to Vern Arseneau, COO of Nobel, “After
completing an extensive drill campaign on multiple target areas and
reviewing the data from the Project, we have concluded that
although there remains some potential for a deep porphyry on the
property, alteration assemblages suggest it is likely too deep and
in an area with a very thick dune cover and as such unlikely to be
an economically viable target.”
Qualified Person
The scientific and technical information in this
news release has been reviewed and approved by Mr. David Gower,
P.Geo., as defined by National Instrument 43-101 of the Canadian
Securities Administrators.
About Nobel
Nobel Resources is focused on exploring for and
developing copper projects in Chile, the premiere copper mining
jurisdiction globally. The Company has a team with a strong
background of exploration success in the region.
For further information, please
contact:Vincent ChenInvestor
Relationsvchen@nobel-resources.comwww.nobel-resources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, regarding the prospectivity of the Project, the
mineralization of the Project, and the Company’s future plans.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might”
or “will be taken”, “occur” or “be achieved”. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Nobel, as the case may be,
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased
properties; foreign operations risks; and other risks inherent in
the mining industry. Although Nobel has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Nobel does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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