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NioBay Metals Confirms Phosphate in Historic Vior Drill Holes on Foothills Property
MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce that, following re-sa
About this update from Niobay Metals Inc.
[{"type":"text","content":" MONTREAL, May 07, 2024 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce that, following re-sampling of historic Vior drill holes from the Foothills Project, assay results confirm the presence of phosphate in addition to the titanium already demonstrated in previous campaigns. The Foothills Project is located north of St. Urbain, 100 km north of Québec City and 90 km south of Saguenay (La Baie area), Québec. This Project covers an area of approximately 285 km2 and is comprised of 5 separate claims blocks. It covers most of the contact of the intrusive zone known as the St. Urbain anorthosite. Vior historical results (press release of May 20, 2020) Table 1: Composites of intercepted mineralization Hole From (m) To (m) Length (m) TiO2 (%) FH-20-01 4 m. 21.35 m. 17.85 m. 39.47% FH-20-01 56.2 m. 61 m. 4.80 m. 39.47% FH-20-02 3 m. 30.8 m. 27.80 m. 38.82% FH-20-04 40.9 m. 56.55 m. 15.65 m. 40.92% FH-20-05 115 m. 127.85 m. 10.85 m. 40.65% FH-20-07 34.65 m. 84.15 m. 49.50 m. 30.98% FH-20-08 32.9 m. 49.60 m. 16.70 m. 31.46% FH-20-08 64.75 m. 69.05 m. 4.30 m. 35.80% Table 2: Resampling results for holes 07 and 08 by NioBay Hole From(m) To (m) Length (m) Lithology P205 % TiO2 (%) FH-20-07 84,15 98,00 13,85 Nelsonite 5,27 FH-20-08 79,25 80,30 1,05 Gabro 6,21 FH-20-08 83,90 86,10 2,20 Gabro 5,40 FH-20-08 86,10 87,80 1,70 Massive Ilmenite 38,4 FH-20-08 87,80 88,50 0,70 Gabro 4,86 FH-20-08 91,90 92,40 0,50 Massive ilmenite 8,11 FH-20-08 93,85 94,60 0,75 Gabro 6,47 FH-20-08 94,60 95,40 0,80 Semi-massive ilmenite 7,24 FH-20-08 96,95 98,05 1,10 Gabro 5,72 FH-20-08 99,75 101,05 1,30 Gabro 5,16 A word from the CEO, Jean-Sebastien David “We are pleased to announce that the Foothills Project not only returned excellent TiO2 results, but also confirmed the presence of phosphate in secondary minerals. This bodes well for the field campaign that commenced on May 6, 2024. We have also recently learned that Ottawa has authorized the Canadian aerospace industry to purchase Russian titanium. Specifically, Bombardier and Airbus have been granted an exemption from Canada's ban on Russian titanium. This situation only encourages our efforts to find new local sources of supply,” concluded Mr. David. Qualified Pe...