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Exploring and Developing a Large-Scale IOCG Project in Chile

Picture of the Algarrobo Project in Chile. (Source)

Today, Nobel29 Resources Corp. has its debut on the TSX Venture Exchange under the symbol NBLC. The stock opened at $0.55 and currently stands at $0.59 after 342,500 shares traded. With 65,758,205 shares issued and outstanding, the company currently has a market capitalization of $39 million. 

According to its latest presentation, Nobel has the right to acquire 100% of the Algarrobo Project in Chile, "an extensively mineralized IOCG with significant large-scale potential". IOCG stands for "Iron Oxide Copper Gold" deposit-type. According to Wikipedia: "The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines, although the formation of these deposits is still not fully understood, and the fluid origin of the world class deposits are still being investigated."

Nobel´s Algarrobo IOCG Project is strategically located within 25 km of a port and 45 km from a smelter, plant and mill. The major Candelaria Copper-Gold-Silver Mine (80% Lundin Mining and 20% Sumitomo) is located 60 km south of Copiapo (similar geology to Algarrobo) along with several world-class copper-gold mining projects in the district. 

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Rockstone plans to initiate coverage on Nobel Resources shortly with an in-depth report on the company, the Algarrobo Project and the IOCG-Porphyry Belt in Chile, home to some of the world´s richest and biggest copper-gold-silver mines. 

Compan Details 

Nobel29 Resources Corp.
36 Lombard Street
Toronto, Ontario, M5C 2X3 Canada
Phone: +1 416 356 4839
Email: info@nobel-resources.com
Website: www.nobel-resources.com

CUSIP: 65500R108
ISIN: CA65500R1082

Shares Issued & Outstanding: 65,758,205
Escrowed shares: 19,275,000


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Canada Symbol (TSX.V): NBLC
Current Price: $0.59 CAD (04/20/2021)
Market Capitalization: $39 Million CAD

Contact:
Rockstone Research
Stephan Bogner (Dipl. Kfm.)
8260 Stein am Rhein, Switzerland
Phone: +41-44-5862323
Email: info@rockstone-research.com
www.rockstone-research.com

Cautionary Notes: Stated comparisons with other projects or companies are not necessarily indicative of the potential of Nobel Resources Corp. and its Algarrobo Project and should not be understood or interpreted to mean that similar results will be obtained from Nobel Resources Corp. Results of stated past producers, active mines, exploration and development projects in the region are not necessarily indicative of the potential of Nobel Resources Corp. and should not be understood or interpreted to mean that similar results will be obtained from the Algarrobo Property. The historical information on the Algarrobo Property is relevant only as an indication that some mineralization occurs on the Algarrobo Property, and no resources, reserve or estimate is inferred. A qualified person has not done sufficient work to classify the historical information as current mineral resources or mineral reserves; and neither Rockstone nor Nobel Resources Corp. is treating the historical information as current mineral resources or mineral reserves

Nobel Resources Disclaimer: This presentation contains, or incorporates by reference, “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Nobel Resources Corp. (“Nobel” or the “Company”), Nobel’s mineral properties, the future price of gold, zinc and other metals, the estimation of mineral resources and mineral reserves, results of exploration activities and studies, the realization of mineral resource estimates, exploration activities, costs and timing of the development of new deposits, the acquisition of additional mineral resources, the results of future exploration and drilling, costs and timing of future exploration of the mineral projects, requirements for additional capital, management’s skill and knowledge with respect to the exploration and development of mining properties in Chile, government regulation of mining operations and exploration operations, timing and receipt of approvals and licenses under mineral legislation, the Company’s local partners, and environmental risks and title disputes. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations (including negative 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 statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Nobel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks associated with the Company’s dependence on the mineral projects; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; risks associated with dependence on key members of management; conclusions of economic evaluations and studies; currency fluctuations (particularly in respect of the Canadian dollar, the United States dollar and the rate at which each may be exchanged for the others); future prices of gold, copper and other metals; uncertainty in the estimation of mineral resources, exploration and development risks; infrastructure risks; inflation risks; defects and adverse claims in the title to the projects; accidents, political instability, insurrection or war; labour and employment risks; changes in government regulations and policies, including laws governing development, production, taxes, royalty payments, labour standards and occupational health, safety, toxic substances, resource exploitation and other matters; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; insufficient insurance coverage; the risk that dividends may never be declared; and liquidity and financing risks related to the global economic crisis. Such forward-looking statements are based on a number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that on-going contractual negotiations will be successful and progress and/or be completed in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of gold. Although Nobel has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Nobel to classify certain of the historical technical information included in this presentation, including the historical estimates of the Algarrobo project as a current mineral resource and Nobel is not treating the historical estimates as a current mineral resource or mineral reserve. This historical information should not be relied upon and Nobel cannot guarantee the accuracy of the historical data. Forward-looking statements contained herein are made as of the date of this presentation. There can be no assurance that forward-looking statements 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 statements due to the inherent uncertainty therein.
 
Rockstone Disclaimer: This announcement contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Nobel Resources Corp. anZimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to Nobel29 Resources Corp.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through its respective profiles on SEDAR at www.sedar.comPlease read the full disclaimer here and further information here as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, owns equity in Nobel29 Resources Corp., as well as in Zimtu Capital Corp., and is being paid by Zimtu Capital Corp., which company also holds a long position in Nobel29 Resources Corp. Also note that Nobel29 Resources Corp. pays Zimtu Capital Corp. to provide this report and other investor awareness services.
 

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COMPANY INFO
Name: Nobel29 Resources Corp.
Canada Symbol: NBLC
Germany Symbol / WKN: not listed
Shares Issued & Outstanding: 65,758,205
Phone: +1 416 356 4839
Email:info@nobel-resources.com
Web: www.nobel-resources.com
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