Montreal, February 23, 2022 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or “Company”) (TSX-V: NBY) (OTCQB: NBYCF), an important “green” metal that prioritizes environment, society, governance, and indigenous participation (ESGI) is an expedition helicopter (“expedition”) We are pleased to announce the feed G4 drilling (“G4”) with the support of the expedition camp. Logistics has completed the mobilization of the first drill rig and has begun drilling a 15,000-20,000 meter exploration drill program (“Program”) at the James Bayniobium Project. The three companies are in a joint venture with a Moose Cree First Nation (“MCFN”) registered company.
NioBay obtained an exploration drilling permit on January 8, 2021 to drill up to 20,000 meters. The program is expected to last 12 to 15 weeks and will be suspended in April to respect the goose hunting season. This program is primarily an infill drill program used to maximize the conversion of resources from an inferred category to a specified category, which is required for feasibility reporting. In addition, the program targets potentially high-definition zones north of unexplored zones with a vertical depth of 200-400 meters.
Words from the CEO
“”We are excited to be able to participate in this exploration program. This program will help you better understand and better define this deposit. In addition to exploration, we have listened to the community about the need to conduct an environmental baseline survey to ensure that exploration and future work by NioBay will have an unreduced impact on the environment.This information will be used by either Niobay or MCFN to assist in future decision making.“Jean-Sébastien David, President and CEO of NioBay, commented.
The Board of Directors of NioBay acknowledges that the James Bay Niobium Project is within the scope of Treaty 9 and is the main home of the Moose Cree First Nation. We respect the rights and interests of the indigenous peoples of Moose Cree and the indigenous communities within Convention 9.
NioBay Metals Inc.about
NioBay will be a leader in environmental, social, governance and indigenous inclusions, supporting the development of smart mines with low carbon consumption and responsible water and wildlife management practices. Important to our success is the consent and full participation of the indigenous communities in the areas in which we operate.
We hold a 100% stake in the James Bay Niobium Project, located 45 km south of Moosonee in the Muskley Traditional Territory of the James Bay Lowlands, Ontario. NioBay also holds a 72.5% stake in the Crevier Niobium and Tantalum project in Quebec and the Nitassinan region of Pekuakamiulnatsh First Nation.
Niobium is a naturally occurring element. It is a malleable, malleable, corrosion resistant, easily available and reliable soft metal. Niobium is used in a wide range of materials and applications in the areas of mobility, structure and energy to enhance its properties and functionality. Niobium transforms the material. When added to materials such as steel, glass and aluminum castings, niobium is smarter and has less environmental impact, while providing other benefits such as improved performance, increased safety and increased value.
The specific statements contained in this press release constitute information about the future outlook under the provisions of Canadian Securities Law, including statements regarding our plans. Such statements are, inevitably, based on many beliefs, assumptions and opinions of management on the day the statement was issued, and actual results and future events may differ materially from those expected or predicted. You are exposed to many sexual risks and uncertainties. We undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions, or other factors change, except as required by law. ..
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
Contact us for more information:
Paradox public relations
Tel: (514) 341-0408 or 1-866-460-0408
NioBay Metals Inc.
Jean-Sébastien David, P. Geo.
President and CEO
CBJ News Maker
NioBay Metals has confirmed the start of drilling at James Bay Niobium in the Canadian Business Journal.
Source link NioBay Metals has confirmed the start of drilling at James Bay Niobium in the Canadian Business Journal.