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NioBay Metals confirms mineralization to the north at depth at the James Bay Niobium Project11.08.2022 | 21:30 Uhr | GlobeNewswire
MONTREAL, Aug. 11, 2022 - Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the discovery of significant extensions to the mineralized zone at the Company’s wholly-owned James Bay Niobium Project, following the drilling of its second exploration campaign on the project.
Name of hole To (m) From (m) Length (m) % Nb205 “The confirmation that the mineralized zone extends at depth in the northern sector allows us to say that this deposit has not finished to surprise us. Further drilling will be required in this area to verify the extent of the mineralization. We are also pleased to confirm the presence of mineralization between previous drill holes. We look forward to completing this drill program with all our stakeholders as soon as possible. Remember that this campaign was stopped for reasons beyond our control and these results come from the first holes of the initially planned campaign. Meanwhile, the Company will take advantage of the other projects in its portfolio and will advance exploration initiatives,” said Jean-Sébastien David, President and CEO. Qualified person This press release has been reviewed and approved by Jacquelin Gauthier, P.Geo. and Qualified Person under NI 43-101. Mr. Gauthier is Vice President, Geology of NioBay. About NioBay Metals Inc. NioBay is a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus. The Company holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the MCFN Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier Niobium and Tantalum Project located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. About Niobium Niobium is a naturally occurring element. It is a readily available, reliable, soft metal that is ductile, malleable, and highly resistant to corrosion. Because it enhances properties and functionalities, niobium is used in a wide range of materials and applications in the Mobility, Structural and Energy sectors. Niobium transforms materials. When added to materials like steel, glass and aluminum castings, niobium makes them smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety, and increased value. Cautionary Statement Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. 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: Niobay Metals Inc. Jean-Sebastien David, geo., President & CEO Tel.: 514 866-6500 jsdavid@niobaymetals.com www.niobaymetals.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/700f064d-1fbd-4497-9777-8e3a77c82873 Dieser Artikel stammt von Rohstoff-Welt.de
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