Noble Hits New 5-Year High as VMS Discovery Starts to Take Shape
Noble Mineral Exploration (TSXV: NOB) gained by 15% today to a new 5-year high of $0.23 per share! If Canada Nickel Company (TSXV: CNC) itself was a gold/silver company its market cap would be $3-$4 billion but nickel is out of favor right now. NOB owns a 20% stake in East Timmins Nickel owner of Mann West and Mann Central which already rival Crawford in size despite only ~40% of the geophysical footprint being drilled! NOB also owns huge stakes in CNC and Homeland Nickel (TSXV: SHL) the most promising U.S. nickel company, plus NOB owns NSRs in multiple CNC properties!
Crucially, Noble retains 5-year exploration rights for gold, copper, and volcanogenic massive sulphide (VMS) deposits on lands transferred to Canada Nickel—and that optionality is now being actively exercised.
Noble has just completed its first drill hole of 2026 targeting Kidd Creek–style VMS mineralization, reporting an intercept of 6.5 meters grading 0.64% zinc with associated anomalous copper, silver, and lead from 141.0 to 147.5 meters down hole.
What makes this exciting is not the zinc grade in isolation, but what zinc can represent in a VMS system. In classic Kidd Creek–style deposits, zinc-rich mineralization often occurs on the flanks or above the copper-rich core—meaning early zinc hits can be the first vector toward a much larger massive sulphide system along strike or at depth.
This interpretation is now strongly supported by geophysics. A Mise-à-la-masse (MALM) survey (which injects electrical current directly into the mineralized drill hole) outlined a coherent conductive horizon precisely where the polymetallic mineralization was intersected. Even more importantly, a surficial magnetic survey detected a coincident magnetic anomaly over the same zone—confirming the target is both electrically conductive and magnetic, a hallmark signature of sulfide-rich VMS systems.
Figure 1: MALM survey results projected to surface (conductive horizon shown in red/pink).
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Figure 2: Surficial magnetic survey over the same zone (magnetic anomaly coincident with MALM conductor).
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Together, the drilling and geophysics suggest Noble is not chasing an isolated zinc occurrence—it is vectoring into a traceable, multi-metal sulfide system that can now be followed systematically along strike and at depth. This is exactly how many world-class VMS deposits were discovered and expanded in their earliest stages.
Next steps are already in motion: CG-25-02 is collared roughly 200 meters to the northwest to intersect the same zone at approximately 200 meters vertical depth, and an additional 1,000 meters (2 holes) have been scheduled for Southwest Carnegie Township.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA is receiving compensation from NOB of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is for informational and educational purposes only and does not provide investment advice.