The drill holes targeted positions outside of the known zone in order to validate a new interpretation. Boulders identified during an advanced prospecting campaign completed throughout the summer of 2022 also helped to position the holes. The partial results presented here are from holes 01, 06 and the beginning of hole 09, positioned 200 m to 1,100 m west of the known zone in an area not previously drilled.
Table 1: Composites of intersected mineralization
HOLE | From (m) | To (m) | Length (m) | Nb2O5 % | Ta2O5 % | REE ppm* |
1532-22-01 | 36.1 | 38.1 | 2 | 0.11 | ||
47.65 | 49.55 | 1.9 | 0.01 | |||
82.2 | 83.2 | 1 | 0.01 | |||
88.2 | 94.2 | 6 | 0.02 | |||
88.2 | 92.2 | 4 | 0.10 | |||
93.2 | 94.2 | 1 | 0.11 | |||
96.2 | 101.2 | 5 | 0.02 | |||
99.2 | 100.2 | 1 | 0.18 | |||
102.2 | 105.2 | 3 | 0.01 | |||
102.2 | 103.2 | 1 | 0.12 | |||
104.2 | 105.2 | 1 | 0.11 | |||
109.2 | 110.2 | 1 | 0.01 | |||
111.2 | 113.05 | 1.85 | 0.01 | |||
117.95 | 122.35 | 4.4 | 0.18 | 0.04 | ||
124.55 | 127.7 | 3.15 | 0.15 | 0.03 | ||
137.75 | 139.75 | 2 | 0.01 | |||
172.8 | 176.6 | 3.8 | 1,287.67 | |||
179.9 | 181.3 | 1.4 | 0.01 | |||
186.17 | 187.6 | 1.43 | 1,281.15 | |||
195.5 | 196.5 | 1 | 1,336.57 | |||
197.52 | 198.6 | 1.08 | 0.15 | |||
213.0 | 214.02 | 1.02 | 1,041.50 | |||
217.33 | 218.33 | 1 | 1,067.85 | |||
218.33 | 220.33 | 2 | 0.12 | |||
237.56 | 239.5 | 1.94 | 1,112.35 | |||
246.43 | 248.06 | 1.63 | 1,630.28 | |||
267.29 | 269 | 1.71 | 1,055.29 | |||
271.0 | 277 | 6 | 1,096.62 | |||
281.0 | 283 | 2 | 1,312.20 | |||
325.41 | 326.41 | 1 | 1,509.32 | |||
344.15 | 345.15 | 1 | 1,525.50 | |||
1532-22-06 | 34.0 | 36 | 2 | 1,164.44 | ||
111.0 | 112 | 1 | 1,027.51 | |||
113.0 | 114 | 1 | 0.02 | |||
115.0 | 116 | 1 | 1,167.91 | |||
139.64 | 140.64 | 1 | 0.01 | |||
140.64 | 141.64 | 1 | 1,019.32 | |||
220.35 | 221.35 | 1 | 0.02 | |||
264.84 | 266.69 | 1.85 | 0.03 | |||
265.64 | 266.69 | 1.05 | 0.13 | |||
266.69 | 267.7 | 1.01 | 1,046.69 | |||
333.87 | 334.89 | 1.02 | 1,342.53 | |||
341.63 | 343.8 | 2.17 | 0.02 | |||
341.63 | 342.78 | 1.15 | 1,518.82 | |||
342.78 | 343.8 | 1.02 | 0.17 | |||
350.77 | 351.77 | 1 | 0.01 | |||
369.82 | 370.83 | 1.01 | 0.11 | 0.03 | 1,381.56 | |
401.87 | 402.88 | 1.01 | 0.02 | |||
455.74 | 456.74 | 1 | 1,006.71 | |||
1532-22-09** | 80.39 | 82.4 | 2,01 | 0.01 | ||
93.8 | 94.8 | 1 | 0.02 | |||
118.1 | 119.1 | 1 | 0.01 | |||
123.5 | 125.48 | 1.98 | 0.01 | |||
130.15 | 131.15 | 1 | 1,248.30 | |||
132.15 | 133.15 | 1 | 0.01 | |||
143.4 | 144.6 | 1.2 | 0.01 | |||
143.4 | 146.63 | 3.23 | 1,119.50 | |||
151.6 | 152.6 | 1 | 0.10 | |||
155.6 | 156.6 | 1 | 0.01 |
*REE : Tb, Dy, Ho, Er, Tm, Yb, Lu, La, Ce, Pr, Nd, Pm, Sm, Eu, Gd and Y, Sc
**Results to come 157 m and over
Figure 1: Map of the 2022 drill campaign
https://www.globenewswire.com/NewsRoom/AttachmentNg/4291cce0-977e-495b-9409-0e831b8766f1
Table 2: Location of drill collars (UTM NAD83)
Hole | Easting (UTM N83) | Northing (UTM N83) | Elev. (m) | Azm. | Dip | Length (m) |
1532-22-01 | 660388 | 5482784 | 358 | 230 | -45 | 402 |
1532-22-06 | 660067 | 5481180 | 341 | 250 | -45 | 463 |
1532-22-09 | 660310 | 5481824 | 340 | 270 | -45 | 501 |
Message from the President of NioBay and Crevier Minerals
“We are pleased to be able to share the first results of last fall's drill campaign on the
Qualified person
Mikaël Block.
About
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
About Niobium
Niobium is a metallic chemical element, symbolized by the symbol Nb. It is present in nature in the form of minerals such as columbite, tantalite, and pyrochlore. Niobium is a grayish metal that is malleable, ductile, and resistant to corrosion.
Niobium is used in many industrial fields such as the production of stainless steel, aerospace construction, the production of cutting tools, the manufacturing of super alloys for nuclear reactors and rocket engines, as well as for the production of high-performance electrolytic capacitors. In addition, niobium is also used in the medical industry for the production of surgical implants, especially for bones and teeth.
Niobium is a relatively rare element in the Earth's crust, making it a valuable and costly material. However, its high resistance to corrosion, high conductivity, and ability to withstand extreme temperatures make it an essential material in many technological and industrial applications.
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 several 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
FOR MORE INFORMATION, CONTACT:
Jean-Sébastien David,
President & CEO
jsdavid@niobaymetals.com
www.niobaymetals.com
Figure 1
Map of the 2022 drill campaign
2023 GlobeNewswire, Inc., source