Nobel Resources Corp. (NBLC:TSXV) announced on April 23, 2026, the initial drill results and planned follow-up work on its Cuprita and Pampa Austral Projects in northern Chile, as well as new management appointments within the company.
With the resignation of interim CEO and director, Larry Guy, and the company's corporate secretary new management has come into play. Vernon Arseneau will take over as CEO, and Wanda Roque — an experienced law clerk with a long track record as a corporate secretary — will take over as Nobel's corporate secretary. In addition, Denis Archambault has been appointed as an Independent Director to the board of directors. Mr. Archambault holds a Bachelor of Business from the University and Ottawa and has had a long, fulfilling career as a professional in the real estate and finance industry.
Regarding drill results, the drill program at Cuprita intersected a wide section of mineralized and altered porphyry in holes 3, 4, and 5. Nobel discovered anomalous copper values from holes 4 and 5 in the 0.1% to 0.2% range, leading the company to expect a copper-mineralized porphyry system.
CEO Vernon Arseneau spoke of the results, saying, "This is the first drill campaign of any kind to test this newly identified large porphyry system. Drilling has confirmed that this is a large, bona fide mineralized porphyry system. We have not yet identified a high-grade copper zone within it, but the geological components strongly support conducting further work on the system. We have commenced with additional geophysical and alteration studies to better target the next phase of drilling."
The Company’s drill program at the Cuprita Project is targeting an area centered on an extensive lithocap that was identified by surface mapping on the property during 2025. The lithocap is interpreted to have developed above a porphyry-related hydrothermal system. The presence of a lithocap is a key signature of mineralized porphyries in this region. The lithocap is located along a well-defined structural corridor trending approximately N10°–20°E. Access road construction for the drill program has created new outcrop exposures of the lithocap. While the actual extent is not known, the lithocap extends at least 2 km by 1km under overburden cover. It is located within a broader soil anomaly zone defined by Cu (copper) values above 200 ppm, reaching a maximum of 9,000 ppm Cu in soils.
Key geological and geophysical parameters guiding the drill targeting at Cuprita include:
- Located within the Paleocene porphyry copper belt
- Widespread copper mineralization in outcrops (including small-scale mines) and extensive copper geochemistry anomaly
- Presence of an extensive leach cap such as commonly associated with porphyry copper deposits in this region
- Extensive development of tourmaline breccia zones, a common pathfinder for porphyry copper projects in the region
- IP anomaly and magnetic low associated with the target area, similar to low-pyrite porphyry copper deposits in the region
- Structural setting similar to major deposits, including El Salvador, Cerro Colorado, Spence, Sierra Gorda, Fortuna — northeast structural corridor crosscut by northwest secondary faults
- Drill holes CUP-003 and CUP-004 confirm a clear vertical alteration zoning beneath the lithocap, transitioning from argillic to phyllic and propylitic alteration, a characteristic feature of large porphyry copper hydrothermal systems.
Results of the Pampa Austral Project lies within a well-known IOCG belt of Chile and is located approximately 35km north of the town of Diego de Almagro, in the same district as several producing medium and large-scale mines are located within the district. Historical data from the Pampa Austral Project has indicated that ". . . a hole drilled by Farwest Mining in 2004 returned 70m grading 0.7% Cu (including 14m at 2.1% Cu and 0,1 g/t Au) from a specular hematite-rich stockwork zone."
Nobel is currently reviewing all historical data in order to design a drill program to evaluate this target in the coming weeks and has submitted the required documentation to Sernagiomin in order to secure a permit.
Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects in northern Chile.
Copper Need Outweighs Availability
The copper sector is experiencing soaring demand due to technological developments, and a shortage is growing. "The copper industry is entering a structural deficit, with demand from electrification and AI expected to outpace new mine development. Recycling is essential for filling this gap, but it is not currently capable of meeting the entire deficit on its own . . . A significant long-term deficit is projected, potentially exceeding 6 million tonnes annually by the early 2030s," reported Ahead of the Herd on April 22, 2026. "The shortage would be 23.8% shy of the projected demand of 42Mt, even as copper recycling doubles to 10Mt."
As a crucial construction and technology component, copper has remained steady in the market. "Copper rose to the highest level in more than a month as most industrial metals rallied on optimism that the U.S. and Iran will restart peace talks. . . Copper rose 1.8% to settle at US$13,284.50 a ton on the London Metal Exchange," reported Mining.com on April 14, 2026.
On the same day, Tavi Costa agreed, noting that, "Copper has remained remarkably resilient despite the recent broader market selloff, and it increasingly looks like a metal setting up for a meaningful move higher."
Some investors and experts have a more cautious view of the metal, though, waiting for war news before making a solid statement. For the site, on April 16, 2026, Jaiveer Shekhawat wrote for Investing.com: "However, the global outlook remains cautious, with institutions like Goldman Sachs and Citi projecting a surplus market and potential price downside amid macroeconomic uncertainties. Trade data also reflects softer demand, with China's refined copper imports declining, although concentrate imports have increased."
Newell says Nobel Could be Rare
1In a contributed opinion piece for Streetwise Reports, John Newell of John Newell and Associates wrote about Nobel Resources on December 23, 2025. Newell rated the company as a 'Speculative Buy', noting that, "Nobel Resources Corp. is positioning itself to become a copper discovery company at a time when new discoveries in tier-one jurisdictions are increasingly rare."
He continued, saying, "I view Noble Resources as a Speculative Buy for investors who understand exploration risk and are looking for leverage to copper discovery in a world-class jurisdiction."
Streetwise Ownership Overview*New Property to Explore
Nobel intends to explore its Anais property, which is located near Manto Verde Mine and within a metallogenic belt that includes large copper deposits. This is a ready-to-drill project in which the company hopes to discover high-grade copper-gold mineralization.
Ownership & Share Information2
Nobel Resources Corp. has a market cap of CA$10.47 million, with 209.40 million shares outstanding. The company's 52-week range is CA$0.02-CA$0.17.
Management & Insiders hold 8.38% of shares, while the remaining 91.62% of shares are by retail Retail.
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Important Disclosures:
- Nobel Resources Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nobel Resources Corp.
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
1. Disclosure for the quote from the John Newell article published on December 23, 2025
- For the quoted article published on December 23, 2025, Nobel Resources Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
- Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
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2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
