Noble Hydrocarbons Alta Ltd. ("NHA") Announces Oil Shale Exploration Permits Update
July 04 2008 - 4:22PM
Marketwired
VANCOUVER, BRITISH COLUMBIA -
The Company is pleased to announce that for each of its oil
shale exploration permits located near Tisdale, Saskatchewan, it
has received from the Saskatchewan government confirmation and
approval that the work commitment expenditures required for all
five years of the permits have been fulfilled. Prior to receiving
approval of expenditures, all oil shale cores are required to be
stored at the Saskatchewan Industry and Resources Subsurface
Geological Laboratory located in Regina. NHA completed this
requirement in May 2008 on delivery of all cores from its 9 hole
drill program to that facility. NHA holds three oil shale
exploration permits in the Tisdale area covering 28,447 hectares
(70,294 acres).
Samples of the cores from the 9 hole drill program were sent for
laboratory testing and analysis to Baseline Laboratories in Texas
under the supervision and chain of custody of Wayne F. Downey Jr.,
Professional Geologist for GRH (Global Resource Holdings, LLC). Mr.
Downey left GRH's employ in late 2007. He has been retained by NHA
to prepare a report relating to the Baseline Laboratory results on
the tests he commissioned. NHA is awaiting a final copy of his
report.
NHA also holds in the Hudson Bay area of Saskatchewan a further
oil shale exploration permit covering parts of 5 townships
comprising 37,980 hectares (93,851 acres). Investors may be aware
of the significant coal deposit discovery made by Goldsource Mines
Inc. approximately 50 kms (30 miles) northeast of the community of
Hudson Bay, Saskatchewan. The northeast corner of NHA's oil shale
exploration permit area abuts the southwest corner of the coal
permits recently granted by the Saskatchewan government to
Goldsource Mines Inc. including the discovery deposit. NHA's
exploration rights are exclusive in its permit area and extend from
the surface to the top of the Precambrian geological layer. Should
coal be encountered by NHA during the course of its exploration of
the permit area, it has confirmed with the Saskatchewan Industry
and Resources that it has the option of converting part of its oil
shale exploration permit area to a coal lease.
ON BEHALF OF THE BOARD OF DIRECTORS
NOBLE METAL GROUP INCORPORATED
JJ McIntyre, President
Should you wish to receive our news release via e-mail please
contact us at nobleinc@telus.net.
For statements of historical fact relating to the Company, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. "Forward-looking
information" is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate",
and other similar words, or statements that certain events "may",
"will", or "could" occur. There are uncertainties inherent in
forward-looking information including factors beyond the company's
control, and no assurance can be given that the programs will be
completed on time, on budget or at all. The reader is cautioned not
to place undue reliance on forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release.
Contacts: Noble Metal Group Incorporated JJ McIntyre President
(604) 683-9338 (604) 683-9293 (FAX) Email: nobleinc@telus.net
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