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Noka Resources Inc (2)
Symbol NX
Shares Issued 40,811,321
Close 2017-03-20 C$ 0.08
Market Cap C$ 3,264,906
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Noka Resources plans drill program at Tully West

2017-03-21 06:17 ET - News Release

Mr. Dominic Verdejo reports

NOKA RESOURCES PLANS DRILL PROGRAM AT TULLY WEST GOLD PROPERTY

Noka Resources Inc. is planning an initial drill campaign to follow up on a gold intercept of 36.7 grams per tonne gold (uncut) over 6.3 metres drilled by SGX Resources Inc. in 2013 on its Tully West gold property (refer to SGX Resources Inc.'s press release dated Sept. 26, 2013, on SEDAR).

Dominic Verdejo, president and chief executive officer of Noka, commented: "We look forward to commencing an exploration program to test the western extension of the Tully gold deposit, previously explored by SGX Resources in 2013. The historical drill result of 36.7 g/t gold over 6.3 metres drilled along strike to the west of the Tully gold deposit with identical geological characteristics is significant and merits further exploration and a follow-up drill program."

The Tully West gold property hosts the western extension of the Tully gold deposit and is situated approximately 33 kilometres northeast of Timmins, Ont. Stepout drilling in 2013 by SGX encountered high-grade gold mineralization in drill hole No. 13-38, which intersected 36.7 g/t Au (uncut) over 6.3 metres, 200 metres vertically below surface. This intercept occurred approximately 300 metres west of the previously established limits of the Tully gold deposit. Coarse visible gold was observed in the drill hole within a broad zone of mineralized quartz and carbonate veining within the host altered volcanic tuff, identical to the main Tully deposit to the east.

The host volcanic tuff unit is readily detectible by geophysics and has been traced for over 2,000 metres in both eastern and western directions away from the main deposit. The Tully deposit is interpreted to be a series of auriferous shallow-dipping (extensional or ladder) stacked vein sets within a subvertical competent mafic tuff host that is bounded by ultramafic volcanic rocks to the south and sediments to the north. This host sequence of rocks all lie within a regional east-west fault corridor, a northern splay from the Porcupine-Destor fault. The Tully gold deposit has been drilled over a 1,000-metre strike length to date, and to depths of over 600 metres, remaining open along strike and to depth.

About Noka Resources Inc.

Noka Resources is a Canadian junior exploration company focused on mineral exploration in North America. The company is focused on advancing exploration activity on the Birch and Uchi gold properties adjacent to the Springpole gold deposit (controlled by First Mining Finance) in the Red Lake gold district of Western Ontario and the Tully West gold property located northeast of Timmins, Ont. The company's goal is to secure and explore quality mineral assets in the Americas.

All technical information in this press release has been reviewed and approved by Peter Caldbick, PGeo. Mr. Caldbick is a qualified person for the purposes of National Instrument 43-101.

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