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Wednesday, 02/23/2022 12:24:54 PM

Wednesday, February 23, 2022 12:24:54 PM

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LATEST NEWS:NioBay Metals Inc.
NioBay Metals Inc.
MONTREAL, Feb. 23, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters (“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig and commenced drilling of its 15,000 to 20,000 meter exploration drill program (the “Program”) at its James Bay Niobium Project. The three companies are in joint ventures with Moose Cree First Nation (“MCFN”) registered businesses.

NioBay received the exploration drilling permit on January 8, 2021 to drill up to 20,000 meters. The Program is expected to last 12-15 weeks and will pause in April to respect the goose hunting season. The program is primarily an infill drill program which will be used to maximize the conversion of resources from the inferred to indicated category, as required for prefeasibility reporting. Additionally, the Program will target a potentially high-grade zone to the north in an unexplored zone at vertical depths between 200 and 400 metres.

Word from the CEO
“We are excited to be on the ground with this exploration program. This program will allow us to better understand and better define this deposit. In addition to exploration, we have listened to the community in regards to the need to undertake environmental baseline studies to ensure our exploration and any future work by NioBay will have an unmitigated impact on the environment. This information will be used by either Niobay or MCFN to help make future decisions”, commented Jean-Sébastien David, President and CEO of NioBay.

Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.

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