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Nobel Resources Corp ( (TSE:NBLC) ) just unveiled an update.
Nobel Resources has identified a new mineralized porphyry copper system at its Cuprita project in northern Chile, based on early results from the first-ever diamond drill program on the property. The fourth hole, CUP004, intersected more than 100 meters of copper-bearing porphyry and a sulfide-rich interval with strong alteration, suggesting a transition into a mineralized domain beneath an extensive lithocap.
Portable XRF readings in CUP004 show localized high copper values, including up to 2.9% copper in chrysocolla-bearing veinlets, although full laboratory assays are still pending. The drilling is targeting a large lithocap-defined structural corridor interpreted to overlie a significant porphyry system, and a follow-up step-out hole CUP005 is now being collared to further test the chargeability anomaly and refine the scale of the discovery.
More about Nobel Resources Corp
Nobel Resources Corp. is a mineral exploration company focused on copper projects, with a key asset being the Cuprita project in northern Chile. The company targets large porphyry copper systems, leveraging geological and geophysical surveys to identify and drill highly prospective zones within established Andean copper belts.
Average Trading Volume: 746,425
Technical Sentiment Signal: Buy
Current Market Cap: C$17.78M
For an in-depth examination of NBLC stock, go to TipRanks’ Overview page.