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NioBay Metals begins drilling following significant prospecting results on Crevier
MONTREAL, Sept. 13, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the start of a dr
About this update from Niobay Metals Inc.
[{"type":"text","content":" MONTREAL, Sept. 13, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the start of a drilling campaign on the Crevier Property, owned by Les Minéraux Crevier Inc., in which NioBay holds a 72.5% interest. Several new drill targets have been identified following assay results of up to 0.30% Nb2O5 and 200 ppm Ta2O5 in newly discovered carbonate boulders and carbonate dykes. These boulders and dykes were identified in the vicinity of topographic lineaments sub-parallel to the Main Zone, within a radius of 0.5 to 2.0 kilometers from the Main Zone. The 43-101 resource estimate for the Main Zone totals 25.4 Mt at 0.20% Nb2O5 and 234 ppm Ta2O5 (Measured and Indicated - SGS July 2010). The drilling campaign follows up very encouraging prospecting results that took place this summer in areas where logging had recently been completed. Angular glacial boulders and small dykes were discovered in the vicinity of major topographic lineaments, such as lakes, rivers and streams, all sub-parallel to the Main Zone. The samples collected were mainly composed of more or less carbonated syenite. These lineaments are topographic troughs that could be occupied by more strongly carbonated rocks and/or carbonatites. The various glacial events that impacted the region could have deepened these rock types which are much softer than the surrounding rocks. These lineaments have therefore become new priority drilling targets. A total of 32 samples were sent to ALS laboratories for multi-element (ppm) geochemical analysis. All results of more than 1,000 ppm Nb and more than 100 ppm Ta were reanalyzed quantitatively, for Nb2O5 and Ta2O5 respectively, for confirmation (%). Table 1 shows the best results obtained. Table 1: Best analytical results of the survey Sample X Y Nb (ppm) Nb2O5 (%) Ta (ppm) Ta2O5 (%) D593418 661154 5485631 1635 0.22 127 0.02 D593425 660053 5481248 1175 0.17 140 0.02 D593420 661300 5484305 1090 0.16 52 - D593415 658513 5483161 783 - 122 0.02 D593410 660388 5482745 777 - 200 0.03 D593421 661303 5484309 525 - 96 - Figure 1 shows the location of the samples and assay results on a background of an August 2021 satellite image. It also shows the location of the main zone, the old holes and those planned for the 2022 campaign. The Crevier property is loc...