Jan 31 2019
Niobay Metals Inc. takes immense pleasure in announcing that the Ministry of Energy, Northern Development and Mines (MENDM) of Ontario has granted the exploration permit for an imminent exploration program at its James Bay Niobium Project. The MENDM has revoked the temporary hold that had been established on NioBay’s exploration application filed in October 2016. The exploration permit is liable to specific terms and conditions in order to reduce any potential negative effect on the environment.
(Image credit: Niobay Metals Inc.)
The main aim of the drilling program is to check the continuity of the high-grade zones of the deposit at depth and also laterally. Additionally, the recovered core will enable the Company to carry on with the metallurgy testing on the ore of the Project. A total of 3000 m over eight holes have been planned for this program.
Prior to starting the drilling program, the Company plans to host an information session with the Moose Cree First Nation leadership. The exact timing of the program will be decided later; however, the company is planning for a summer program.
Moreover, NioBay is happy to announce the inauguration of an Information Center in Moosonee. The Center serves the purpose of making information available to the local community on the James Bay Project in general as well as on the proposed drilling program.
James Bay Niobium Resources
Roscoe Postle Associates Inc. accomplished the most recent mineral resource estimate for the Project in October 2018 subsequent to a successful re-logging and re-sampling program of representative historical diamond drill holes carried out by NioBay. The report predicts Inferred mineral resources of 25.3 million tonnes comprising of 129 million kilograms of niobium grading 0.51% Nb2O5 and Indicated mineral resources of 26.1 million tonnes comprising of 139 million kilograms of niobium grading 0.53% Nb2O5.