For a Barracuda 7200.7, you would want the jumper cap in the Master position (sitting on the two leftmost pins in the group). Use a standard flat 80-wire ribbon cable and plug the drive into the black plug and the motherboard into the blue plug (most 80-wire cables have a blue plug for the motherboard end, which is further from the other two plugs on the ribbon). See if it likes that better.
It's worrisome that the drive is making weird noises, though :Q Could you try attaching it to a different computer temporarily, just to see if the other computer's BIOS can detect it? The drive doesn't happen to be on a reduced-voltage power cable (such as the "Fan Only" cable on an Antec TruePower power supply), does it?