NEWS JUNE 18, 2017
NioBay Metals Updates Application for Exploration Permit on James Bay Niobium Project MONTREAL, QUEBEC - (Marketwired - June 12, 2017) - Les Métaux Niobay inc. ("NioBay" or the "Company") (TSX VENTURE: NBY) was informed by the Ontario Ministry of Northern Development and Mines ("MNDM") that its application for an exploration permit on the James Project Bay Niobium will remain in temporary suspension for the time being. Despite several requests, Moose Cree First Nation ("MCFN") management refused to initiate a dialogue with the company and to discuss their concerns related to the exploration program and the project. MNDM is taking steps to arrange a meeting with MCFN representatives to address concerns they may have about the proposed drilling campaign. The company filed a license application with the MNDM in October 2016 to conduct a drilling program on the James Bay Niobium Project. The program involves the drilling of 10 to 12 holes for a total of approximately 4,000 meters, the objective of which is to validate historical data from a drilling campaign carried out in the 1960s. Development of the James Bay Niobium project. The Company will continue to engage with local community members and government officials and will continue to engage with MCFN executives. About the James Bay Niobium Project. The James Bay Niobium property is located in the District of Cochrane 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 and significant exploration work was carried out, including 14,000 meters of drilling on 85 holes, which established a deposit that extends to a depth of 275 meters and 500 meters Of longitude. A historical estimate was completed in 1967 by Bechtel Canada and reported 62 million tonnes at 0.52% Nb2O5. In addition, pilot scale metallurgical tests have demonstrated a high recovery rate of 78% for the treatment of niobium. Historical resource estimates and historical metallurgical tests are based on data obtained by previous operators in the 1960s. NioBay did not perform enough work to verify and reclassify these historical results. Economic studies completed in the 1960s do not mean that the James Bay Niobium deposit could be considered economic today. NioBay does not consider historical results as an existing mineral resource or as having been verified by a qualified person. About Les Métaux NioBay inc. The Metals NioBay inc. Is a mineral exploration company with a 100% interest in the James Bay Niobium property in Ontario, Canada and a 72.5% interest in the Crevier niobium / tantalum project in Quebec, Canada. The Company is actively investigating the potential of other mineral properties, including properties in Quebec held jointly with SOQUEM.
Read more: www.lelezard.com/communique-13862992.html
Suggest an edit
Google Translate for Business:Translator ToolkitWebsite Translator
About Google TranslateCommunityMobile
About GooglePrivacy & TermsHelp
