Nobel29 Resources Corp. renamed itself as Nobel Resources Corp. in July 2021. Nobel Resources is a junior mining company that identifies, acquires, evaluates, explores and develops underexplored mineral properties located in Chile, primarily base metal and precious metal assets.
Nobel Resources Corp is listed on the TSX Venture Exchange under the ticker symbol NBLC. The Toronto-based natural resource mining company holds the right to acquire a 100 per cent ownership stake in the Algarrobo Copper-Gold Project in northern Chile.
The Algarrobo Project is located approximately 25 kilometers from Caldera Port with a nearby smelter, mill and processing facility – by ENAMI. The project has good infrastructure, including a road network and water supply.
The property is near six operational mines within a radius of 100 kilometers, including the Candelaria Deposits (operated by Lundin), featuring copper, gold and silver mineralization. The Algarrobo Project hosts quality grade copper-infused vein systems with oxide layers and sulphide mineralization in the form of iron oxide, copper and gold deposits. In addition, the project includes three primary mineralized vein systems with the potential for additional deposits. The project involves both underground and near-surface mining operations.
In 2021, the Chile-focused metal exploration company conducted a detailed magnetic survey, a gradient array induced polarization test and geological and structural mapping. The company is carrying out a 10,000-meter diamond drill program. Nobel Resources Corp. is focused on exploring operations to identify new target areas. The company aims to exploit the available prospects and maximize the mineral resource potential and estimations for the advancement of the project.