TORONTO, June 15, 2026 – Nobel Resources Corp. (TSX-V: NBLC; OTCPK: NBTRF) has announced the completion of drilling at the Pampa Austral project and the commencement of drilling at the Cuprita project in Chile.
Cuprita Project Drilling Advances
At Cuprita, which remains the core project for Nobel, geophysical and remote sensing surveys, along with detailed geological mapping, have identified areas within the large lithocap with alteration mineral assemblages characteristic of higher temperature parts of porphyry copper systems. These include intense albitization and destruction of biotite minerals. The areas correspond with strong Induced Polarization (IP) chargeability anomalies and are now the focus of drilling. Results will be announced once the program is completed and laboratory results are received.
Vernon Arseneau, CEO and Director of Nobel, commented: “Based on my decades of experience in this region, we rarely see such intensely altered porphyry systems with only the few drill holes completed by Nobel and no other drilling. These are large, complex systems and require a systematic approach and persistence to solve geometry.”
Pampa Austral Drilling Results
At Pampa Austral, two drill holes were completed in an attempt to repeat historical results reported by Farwest Mining in 2024. However, drilling failed to replicate the copper results reported by Farwest. The Company compiled historical results and located two drill pads that appeared to be the ones reported earlier, but drilling did not encounter the same geological environment or high copper mineralization. The IP anomaly in the same location has been explained by the presence of stringers and disseminations of pyrite over several meters of core length.
Anais Project Update
At the Anais project, field work by Nobel geologists encountered previously unreported drill hole casings close to the high-grade intersection reported by Farwest Mining. This limits the potential for a significant copper discovery, and the Company has decided not to continue exploring this prospect.
Termination of Option Agreements
The Company has terminated the option agreements for the Anais and Pampa Austral projects, effective June 15, 2026.
Arseneau added: “The results obtained at Pampa Austral and Anais have downgraded the potential at those projects in our estimation. However, we remain committed to continue exploration at Cuprita and Janett. Both projects have strong exploration potential and we intend to focus on exploring these during the coming months.”
Figure 1 shows the location of the Pampa Austral Project indicating the two holes drilled by Nobel recently. Figure 2 shows the location of the Pampa Austral, Janett, Anais, and Cuprita projects relative to copper deposits. Information regarding adjacent properties is provided for context only and is not necessarily indicative of mineralization, grade, continuity, or potential of the Project.
