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NioBay Metals Intercepts Niobium in the Extension of Its Main Zone at Crevier
MONTRÉAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the first results
About this update from Niobay Metals Inc.
[{"type":"text","content":" MONTRÉAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the first results of the Fall 2023 drilling program at its 72.5%-owned Crevier niobium & tantalum project (the “Crevier Project”). The Crevier Project is located about 50 km north of the town of Girardville and about 150 km from the Niobec mine. It is located on the Nitassinan (or ancestral territory) of the Pekuakamiulnuatsh, whose main population centre is Mashteuiatsh. This property is easily accessible via existing logging roads. Update on the results of the 2023 drilling program on the Crevier Project The Company completed a drilling program at the end of September 2023. The eight-hole campaign, spanning more than 2,700 m, tested the continuity of mineralization at depth and in the northwest and southeast sectors of the main zone. The Company has just received the first results from holes 23-001, 23-002 and 23-003. We are proud to have intercepted niobium more than 1 km from the main zone, in what appears to be its extension. Table 1: Composites of intercepted mineralization Hole ID from (m) to(m) Length (m) Nb2O5**% Ta2O5**% 1532-23-001 5.45 10.30 4.9 0.28 0.033 16.00 25.50 9.5 0.36 16.00 18.00 2 0.030 18.50 25.50 7 0.042 30.90 35.00 4.1 0.33 46.25 54.50 8.25 0.21 46.25 49.25 3 0.028 55.25 57.00 1.75 0.31 55.25 58.03 2.78 0.028 93.70 99.50 5.8 0.039 1532-23-002 104.80 114.40 9.6 0.26 104.80 108.30 3.4 0.037 109.50 112.20 2.7 0.031 118.50 124.35 5.85 0.26 120.35 124.35 4 0.033 127.90 132.70 4.8 0.26 149.00 154.93 5.93 0.30 160.00 161.70 1.70 0.033 163.50 185.00 21.5 0.035 164.50 176.00 11.5 0.36 164.50 186.40 21.9 0.31 1532-23-003 115.45 124.05 8.6 0.037 116.45 122.40 5.95 0.21 127.50 130.50 3 0.024 165.00 168.00 3 0.024 * Best intersection according to 0.1% (1000 ppm) Nb2O5 COG (cut-off grade) as established in last 43-101 technical report** Nb2O5 and Ta2O5 are calculated oxide equivalent based on the Nb an Ta elements la...