MONTRÉAL, Feb. 26, 2025 (GLOBE NEWSWIRE) — 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 (%) |
|
1625-24-002 |
89.75 |
153.00 |
63.25 |
1.00 |
10.57 |
|
1625-24-002 |
185.00 |
186.80 |
1.80 |
0.00 |
17.09 |
|
1625-24-002 |
220.80 |
226.55 |
5.75 |
0.00 |
22.36 |
|
1625-24-003 |
135.25 |
149.00 |
13.75 |
0.00 |
12.62 |
|
1625-24-003 |
151.00 |
156.00 |
5.00 |
0.50 |
19.13 |
|
1625-24-003 |
172.30 |
180.00 |
7.70 |
0.00 |
14.44 |
|
1625-24-004 |
154.10 |
158.40 |
4.30 |
0.00 |
14.73 |
|
1625-24-006 |
16.50 |
18.80 |
2.30 |
0.00 |
9.22 |
|
1625-24-006 |
25.00 |
30.45 |
5.45 |
0.70 |
11.76 |
|
1625-24-006 |
37.00 |
38.00 |
1.00 |
0.00 |
8.01 |
|
1625-24-006 |
48.00 |
49.00 |
1.00 |
0.00 |
14.60 |
|
1625-24-007 |
44.20 |
47.00 |
2.80 |
0.00 |
11.14 |
|
1625-24-007 |
49.00 |
62.65 |
13.65 |
0.00 |
10.56 |
|
|
|
|
|
|
|
June 2024 prospecting area and sample locations
Map 2: 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.
