For thousands of other reports visit RSC's Mineral Intellingence Map
NioBay Metals Inc.
Summary
| Project: | James Bay | |
|---|---|---|
| Deposit: | James Bay | |
| Location: | Canada | |
| Commodities: | Niobium | |
| Date: | 11/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2017: NioBay Metals Inc. announces a Resource Estimation report for its James Bay deposit at the James Bay project. Initial Mineral Resource estimate for James Bay. Montreal, November 16, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: | |
| Resources: | (Resource): 25.5Mt @ 0.53% Nb2O5 (Ind.) and 25.3Mt @ 0.51% Nb2O5 (Inf.) at Project | |
| CP/QP: | [Resources]: Dorota El Rassi, Paul Chamois (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Montreal, November 16, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The Mineral Resource estimate was prepared by Roscoe Postle Associates Inc. (“RPA”) following a successful re-logging and re-sampling program of representative historical diamond drill holes conducted by NioBay. The effective date of the estimate is November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017. RPA has excluded approximately 6.4 million tonnes averaging 0.52% Nb2O5 situated in the crown pillar. The Mineral Resources estimate is supported by the results from the recent re-logging and resampling of 12 representative historical diamond drill holes, by preliminary metallurgical testing performed by SGS Lakefield on a composite sample and by all of the historical data Niobay recovered from the previous operator: drill logs, assay certificates, surveyed collar coordinates, interpreted geological surface and level plans, interpreted vertical sections, location of the exploration shaft and 1st level, and metallurgical tests. The data used to estimate the Mineral Resource include 79 diamond drill holes totaling 13,230 m located within the resource model area. The data include 2,517 assays, of which 56 have a value of zero for Nb2O5. The estimate was prepared using a block model constrained with 3-D wireframes of the mineralized zone. The niobium oxide grades were interpolated using ordinary kriging and three passes. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report