NioBay Metals

NioBay Metals Intercepts Up to 22% Titanium (TiO₂) in its Drillings on Zone 1 of the Foothills Property


NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce that it has intercepted titanium in several of the surface drill holes carried out in Zone 1, on the Foothills Property, located on the lands of the Séminaire de Québec.

The Company had filed an application for authorization for impact projects with the Ministry of Natural Resources with the aim of carrying out a drilling campaign as soon as authorization is received. Below, the Company provides the results of the TiO2 mineralized zones of interest, from the fall 2024 exploration campaign.

The Foothills project is located north of Saint-Urbain, 100 km north of Québec City and 90 km south of Saguenay (La Baie region), Québec. The project covers an approximate area of 285 km2 and includes five separate claim blocks. It covers most of the contact of the intrusive zone known as the Saint-Urbain anorthosite.

It should be noted that the drilling work generated 32.14 tonnes of CO2 equivalents. A donation was granted to Carbone Boreal (Université du Québec à Chicoutimi) as compensation.

Table of Results
Intersections calculated for a cut-off grade of 8% Ti, a minimum length of 1 m and a maximum internal dilution of 1 m.

Drill Hole
From (m)To (m)Length (m)Dilution (m)TiO2 (%)
1625-24-00289.75153.0063.251.0010.57
1625-24-002185.00186.801.800.0017.09
1625-24-002220.80226.555.750.0022.36
1625-24-003135.25149.0013.750.0012.62
1625-24-003151.00156.005.000.5019.13
1625-24-003172.30180.007.700.0014.44
1625-24-004154.10158.404.300.0014.73
1625-24-00616.5018.802.300.009.22
1625-24-00625.0030.455.450.7011.76
1625-24-00637.0038.001.000.008.01
1625-24-00648.0049.001.000.0014.60
1625-24-00744.2047.002.800.0011.14
1625-24-00749.0062.6513.650.0010.56

June 2024 prospecting area and sample locations

June 2024 prospecting area and sample locations

Map 2: Location of Drill Sites

Location of Drill Sites

Message from the President
We are finally able to present our results from Zone 1. We were pleasantly surprised by the grade in certain holes. The next step will be to drill on a section of Zone 3. The application for authorization for this zone have been filed. Remember that sector 3 has demonstrated very good surface values in titanium (Press release of August 7, 2024)”, concluded Mr. David.

PDAC 2025
NioBay will be at PDAC again this year from March 2nd to the 5th inclusively, at the Toronto Convention Centre. Come meet us at booth 3015.

Qualified Persons
This press release has been reviewed and approved by Mr. Mikael Block, P.Geo., a Qualified Person under National Instrument 43-101. Mr. Block is a Project Manager employed by IOS Services Géoscientifiques.

About NioBay Metals Inc.
NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakeholders. Our top priority, which is critical to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we operate.

In addition to others properties, NioBay holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier Niobium and Tantalum project located in Québec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company has also the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec.

About Titanium
Titanium (Ti) is as strong as steel, but much less dense. It is therefore important as an alloying agent with many metals, including aluminum, molybdenum and iron. These alloys are mainly used in aircraft and spacecraft because of their low density and ability to withstand extreme temperatures. They are also used in sports equipment, laptops, bicycles and medical prostheses. Recently, this metal has been used in some battery components.

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 a number of 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

FOR MORE INFORMATION, CONTACT:

NioBay Metals Inc.
Jean-Sébastien David, P.Geo., MPM
President & CEO
jsdavid@niobaymetals.com
www.niobaymetals.com

Kimberly Darlington
Investor Relations
kimberly@refinedsubstance.com
Tel: 514-771-3398

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/29b6747d-ce60-40ad-b263-edd85dcc6921
https://www.globenewswire.com/NewsRoom/AttachmentNg/79550acc-c4ce-4e20-ae0d-13463ccafa16

Source

NBY:CA
The Conversation (0)
Metallic ores on conference table with international flags in background.

Canada Backs Port Expansions, Strikes Critical Minerals Deal With Germany

Ottawa’s push to strengthen trade links with Europe is moving ahead on two tracks: investing in new port infrastructure at home and formalizing a minerals partnership with Germany abroad.

Speaking alongside German Chancellor Friedrich Merz in Berlin, Prime Minister Mark Carney confirmed Tuesday (August 26) that Canada would support major new infrastructure projects, including a new port in Churchill and an expansion of Montreal’s Contrecœur terminal.

Keep reading...Show less
West High Yield  Resources Ltd. Announces Exercise of Options and Warrants

West High Yield Resources Ltd. Announces Exercise of Options and Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise of certain stock options (the "Options") and share purchase warrants (the "Warrants") of the Company.

Options

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
West High Yield  Resources Ltd. Welcomes Final EAO Decision on Record Ridge Magnesium Project

West High Yield Resources Ltd. Welcomes Final EAO Decision on Record Ridge Magnesium Project

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") is very pleased to announce that the British Columbia Environmental Assessment Office (the "EAO ") has issued its Final Designation Decision confirming that the Company's Record Ridge Industrial Minerals Project (the "Project"), near Rossland, British Columbia, will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia) (the "Act").

The EAO reviewed applications submitted under Section 11 of the Act and concluded that the Project's potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO's Final Designation Report and Reasons for Decision are publicly available on the EAO's Project Information Centre: EAO EPIC – Record Ridge Project Documents.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Allied Critical Metals Appoints Former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of Allied Critical Metals USA

Allied Critical Metals Appoints Former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of Allied Critical Metals USA

Highlights:

  • Secretary Nielsen joins the board of directors of Allied USA.
  • Secretary Nielsen is a leading expert on United States national security matters and has advised government agencies, private sector companies, international organizations, and NGOs on assessing their risk posture and increasing their resiliency.
  • Allied USA is focused on importation, marketing and sales of tungsten into the United States.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of former U.S. Secretary of Homeland Security Kirstjen M. Nielsen as a Director of Allied's wholly owned U.S. subsidiary, Allied Critical Metals (USA) Inc. ("Allied USA").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Close-up of two people in suits shaking hands with blue lights overlay.

Tivan Secures Mineral Exploration Deed for Sandover Fluorite Project

Tivan (ASX:TVN) said on Monday (August 18) that it has signed a mineral exploration deed for its Sandover fluorite project in the Northern Territory.

According to the company, this is its first secured deed with the Central Land Council (CLC).

CLC is the statutory body established under the Aboriginal Land Rights (Northern Territory) Act 1976, representing the traditional owners and native title holders of Central Australia.

Keep reading...Show less
Allied Critical Metals Appoints General James A. "Spider" Marks as a Director of Allied Critical Metals USA, Its U.S. Subsidiary Focused on Tungsten Import and Sales

Allied Critical Metals Appoints General James A. "Spider" Marks as a Director of Allied Critical Metals USA, Its U.S. Subsidiary Focused on Tungsten Import and Sales

Highlights:

  • General Marks joins the board of directors of Allied USA.
  • General Marks is a leading expert on international military strategy with a distinguished career in the United States Army.
  • Allied USA is focused on importation, marketing and sales of tungsten into the United States.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Major General (Ret.) James A. "Spider" Marks to the Board of Directors of its U.S.-based subsidiary, Allied Critical Metals (USA), Inc. ("Allied USA"). Allied USA is dedicated to the importation, marketing and sales of tungsten into the United States.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×