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NioBay Metals Inc.
Summary
| Project: | James Bay | |
|---|---|---|
| Deposit: | James Bay | |
| Location: | Canada | |
| Commodities: | Niobium | |
| Date: | 5/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-5-2020: NioBay Metals Inc. announces an Exploration/Drilling Update report for its James Bay deposit at the James Bay project. Drilling results incl. 246m @ 0.57% Niobium from 169m. MONTREAL, May 21, 2020 -- NioBay Metals Inc. (“NioBay” or the “Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report:] Jacquelin Gauthier (Internal) | |
| ABSTRACT: | MONTREAL, May 21, 2020 -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to announce new and significant high-grade intersections at the James Bay Niobium Project (the “Project”) in Northern Ontario. These results are in addition to the announcement of April 8th, 2020. The assay results for the remaining four drill holes are in-line with the previous three holes. In total, the Company completed seven drill holes for a total of 3,090 metres, and confirmed; A Mineral Resource estimate of 26 million tonnes indicated @ 0.53 % Nb2O5 and 25 million tonnes inferred @ 0.51 % Nb2O5 was prepared by Roscoe Postle Associates Inc. (“RPA”) on the James Bay Niobium deposit and dated October 31, 2018 (see NioBay press release dated November 22, 2018). “With the completion of this small drill program, we confirmed the continuation of a high-grade zone heading north, and support our objective of finding a high-grade core. The results gives us great confidence about the potential to increase the resource if needed. We are looking forward to the outcome of our Preliminary Economic Assessment scheduled for completion in Q4 2020.”, said Claude Dufresne, President & CEO of NioBay Metals Inc. | |
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