NIOBAY INTERSECTS 1.02% Nb²O⁵ OVER 62 METRES AT JAMES BAY NIOBIUM
2020年4月8日 - 9:00PM
NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is
pleased to announce significant high-grade intersections at the
James Bay Niobium Project (the “Project”) in Northern Ontario.
The Company is pleased to announce assay results
for the first three drill holes (NBY-20-E1 to E3) subsequent to the
completion of its drilling program. In total, the Company completed
seven drill holes for a total of 3,090 metres. The results of
the remaining drill holes (NBY-20-E4 to E7) are pending and will be
disclosed once the results are received, compiled and verified. The
Company does not believe that the COVID-19 pandemic will delay the
release of the results of the remaining four holes.
A surface plan showing the location of the seven
holes drilled this winter is presented on Figure 1. Vertical
section 200N, where the first three holes were completed, is
illustrated on Figure 2. The assay results reported herein, and
provided in Table 2 below, include the following highlights:
HIGHLIGHTS: (see figures 1 & 2)
- Hole NBY-20-E1 intersected 0.69%
Nb2O5 over 185 metres, including
1.02% Nb2O5 over 61.8
metres.
- Hole NBY-20-E2 intersected 0.66%
Nb2O5 over 190 metres, including
0.97% Nb2O5 over 62.5
metres.
- Hole NBY-20-E3 intersected 0.58%
Nb2O5 over 105 metres, including
0.80% Nb2O5 over 15.5
metres.
A Mineral Resource estimate was prepared by
Roscoe Postle Associates Inc. (“RPA”) on the James Bay Niobium
deposit and dated October 31, 2018.
TABLE 1: HIGHLIGHTS OF THE NI 43-101 MINERAL RESOURCE
ESTIMATE
Classification |
Tonnes |
Grade |
Contained Nb2O5 |
(Mt) |
(%Nb2O5) |
(Mkg) |
Indicated |
26.1 |
0.53 |
123 |
Inferred |
25.3 |
0.51 |
118 |
“We are more than satisfied with the initial
results of the drill program. Our main objective was to extend the
high-grade zone to support early cash flows and accelerated pay
back of initial capital; These first sets of results definitely
confirm our geological hypothesis. The length and grade of the
intersections are significant, it opens up a large area at depth
for future resource expansion and will inevitably increase the
October 2018 NI43-101”, said Claude Dufresne, President & CEO
of NioBay Metals Inc.
The James Bay intrusive is simple in comparison
to many other alkaline complexes in North & South America and
Africa. It contains only two rock types, is low in rare earth
mineral content, non-radioactive and exceptionally coarse grained.
Pyrochlore varies in colour from a pale honey to dark brown or
reddish, and frequently displays spectacular zoning as illustrated
in Figure 3 (see figure 3).
TABLE 2: IMPORTANT INTERVALS FROM
DIAMOND DRILL ASSAY RESULTS.
Hole Name |
From(m) |
To(m) |
Length(m) |
Nb2O5 % |
|
|
|
|
|
NBY-20-E1 |
93 |
278 |
184.4 |
0.69% |
Including |
93 |
171 |
78.4 |
0.57% |
Including |
171 |
233 |
61.8 |
1.02% |
|
|
|
|
|
NBY-20-E2 |
139 |
329 |
189.8 |
0.66% |
Including |
139 |
195 |
56.0 |
0.48% |
Including |
195 |
257 |
62.5 |
0.97% |
|
|
|
|
|
NBY-20-E3 |
334 |
444 |
110.2 |
0.58% |
Including |
336 |
348 |
11.6 |
0.76% |
Including |
392 |
408 |
15.5 |
0.80% |
The interval lengths reported here are between
70% and 75% of true horizontal widths.
TABLE 3: DETAILED INFORMATION OF THE
DIAMOND DRILL HOLES.
Hole Name |
Easthing |
Northing |
Azimuth |
Dip |
Length |
Section |
State |
NBY-20-E1 |
526296 |
5632105 |
81 |
-50 |
349m |
200N |
Analyzed |
NBY-20-E2 |
526296 |
5632105 |
81 |
-63 |
388m |
200N |
Analyzed |
NBY-20-E3 |
526147 |
5632074 |
81 |
-50 |
465m |
200N |
Analyzed |
NBY-20-E4 |
526179 |
5632143 |
81 |
-45 |
441m |
400N |
In the lab |
NBY-20-E5 |
526182 |
5632206 |
81 |
-50 |
444m |
600N |
In the lab |
NBY-20-E6 |
526120 |
5632131 |
81 |
-45 |
498m |
400N |
In the lab |
NBY-20-E7 |
526122 |
5632194 |
81 |
-50 |
504m |
600N |
In the lab |
QUALITY CONTROL / QUALITY ASSURANCE (QA/QC)
The drill core was split in two, with one half
of the core returned to the core box for storage on site, while the
second half of the core was placed in a plastic bag with the sample
tag and sealed prior to be shipped to SGS Lakefield laboratory in
Cochrane, Ontario.
At SGS Lakefield the ½ core samples were crushed
to 6 to 10 mesh before splitting representative subsamples for
assay. The Nb2O5 was analysed by X-Ray Fluorescence (XRF), while
the balance of elements via ICP AES/MS multi-element scan. The
QA/QC standards and blanks results are in line with expected Nb2O5
values.
QUALIFIED PERSONThis press
release was verified and approved by Jacquelin Gauthier,
Geo, and Qualified Person as defined
by NationaI Instrument 43-101.
Mr. Gauthier is the Vice-President Geology
of Niobay Metals Inc.
ABOUT NIOBAY METALS INC.NioBay
Metals Inc. is a mining exploration company holding a 100% interest
in the James Bay Niobium Project located 45 km south of Moosonee,
in the James Bay Lowlands in Ontario. Niobay also holds a 72.5%
interest in the Crevier niobium and tantalum project located in
Quebec and a 49% direct participation in mineral titles situated in
the Chibougamau and Normetal region, Quebec, under a joint venture
agreement with SOQUEM.
CAUTIONARY STATEMENTCertain
statements contained in this press release constitute
forward-looking information under the provisions of Canadian
securities laws including statements about the Company’s plans to
increase its niobium resource. Such statements are necessarily
based upon a number of beliefs, assumptions, and opinions of
management on the date the statements are made and are subject to
numerous risks and uncertainties that could cause actual results
and future events to differ materially from those anticipated or
projected. The Company undertakes no obligation to update
these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors should change,
except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture
Exchange) accept responsibility for the adequacy or
accuracy of this release.
FOR MORE INFORMATION,
CONTACT:Claude
Dufresne, P.Eng.President
& CEONioBay Metals Inc.Tel.: 514 866-6500Email:
cdufresne@niobaymetals.comWebsite: www.niobaymetals.com
Niobay Metals (TSXV:NBY)
過去 株価チャート
から 11 2024 まで 12 2024
Niobay Metals (TSXV:NBY)
過去 株価チャート
から 12 2023 まで 12 2024