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NioBay Metals Inc.
Summary
| Project: | James Bay | |
|---|---|---|
| Deposit: | James Bay | |
| Location: | Canada | |
| Commodities: | Niobium | |
| Date: | 11/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2018: NioBay Metals Inc. announces a Resource Estimation report for its James Bay deposit at the James Bay project. Updated mineral resource estimate at the project. Roscoe Postle Associates Inc. (RPA) was retained by NioBay Metals Inc. (NioBay) to | |
| Resources: | (Resource): 28.8Mst @ 0.53% Nb2O5 (Ind.), 27.9Mst @ 0.51% Nb2O5 (Inf.) | |
| CP/QP: | [Resources]: Dorota El Rassi (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by NioBay Metals Inc. (NioBay) to prepare an independent Technical Report on the James Bay Niobium Project (the Project or the Property), located in Cochrane District, northeastern Ontario, Canada. The purpose of this report is to support the disclosure of an initial Mineral Resource estimate. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property on September 27, 2017. As of the effective date of this report, the Project consists of a single mining lease covering an area of approximately 2,585 ha located in 1:50,000 scale NTS map sheet 42I/15 (Meengan Creek). The Project is located approximately 40 km south of town of Moosonee, Ontario, and is accessible by helicopter during the summer and by winter road in the winter. NioBay is a Montreal-based company formed in January 1954 (as Exploration Minière du Nord Inc. and known more recently as MDN Inc. (MDN)) and is a reporting issuer in British Columbia, Alberta, Ontario, and Quebec. The common shares of NioBay trade on the TSX Venture Exchange and the company is under the jurisdiction of the Autorité des marchés financiers du Québec. On June 7, 2016, MDN announced that it had entered into an agreement with Barrick Gold Corporation, James Bay Columbium Ltd., and Goldcorp Inc. (collectively the Vendors) whereby it could earn a 100% interest in the Property by making a cash payment and issuing common shares, subject to a 2% net smelter return (NSR) royalty, with MDN having the right to buy out half the royalty. | |
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