NioBay Reports Initial Resource Estimate for Its James Bay Niobium Project

Niobay Metals (“NioBay” or the “Company”) (TSX VENTURE:NBY) is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The Mineral Resource estimate was prepared by Roscoe Postle Associates (“RPA”) following a successful re-logging and re-sampling program of representative historical diamond drill holes conducted by NioBay. The effective date of the estimate is November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017.
Claude Dufresne, president and chief executive officer, comments:

” We are pleased to report that the mineral resource estimate prepared by RPA is in-line with the historical resource estimate performed on the deposit in 1967 by the previous owner.”

RPA recommends a next phase program including 4,000 m focussed on upgrading portions of the Inferred Resources to Indicated Resources and extending the Mineral Resources at depth, as well as environmental, engineering and metallurgical studies required to support a Preliminary Economic Assessment.
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