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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

Niobay Metals Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It holds a 100% interest in the James Bay Niobium Project located 45 kilometers (KM) south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The Company also holds a 72.5% interest in the Crevier Niobium and Tantalum projects located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company also has 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. The QTZ exploration project is northwest of its Crevier property and includes 257 mining claims. It holds interest in an Crevier niobium and tantalum project, located in Quebec, Canada. The Company’s wholly owned subsidiary is Crevier Minerals Inc.


TSXV:NBY - Post by User

Bullboard Posts
Post by hcahoonon Jun 14, 2004 3:13pm
102 Views
Post# 7608932

Exploration Program in Eritrea

Exploration Program in Eritrea JUNE 14, 2004 - 15:05 ET Northern Mining Undertakes Its Exploration Program in Eritrea MONTREAL, QUEBEC--(CCNMatthews - Jun 14, 2004) - NORTHERN MINING Explorations Ltd. (Explorations MINIERES du NORD - "MDN") is pleased to announce the beginning of an exploration program at the Harab Suit project in Eritrea, East Africa. This program follows the completion of a due diligence of the portfolio held in that country by Eritrean Minerals Corporation, the control of which was recently acquired by Northern Mining. The Harab Suit exploration license covers an area of approximately 420 km2 located in the north west of Eritrea. At least three important shear zones have been identified in the license, one of them hosting the abandoned Harab Suit gold mine, developed in the late 1930's during the Italian colonial period. This mine was developed on a large ridge underlain by outcropping sheared and altered quartz porphyry diorite, containing pervasive quartz veining and pyrite-chalcopyrite disseminations. The main shear zone of interest outcrops for a strike distance of some 9 km and has an apparent width of 35 to 110 m. Geologic mapping indicates that this shear contains gold mineralization at several intervals along its length. Our review of the area confirmed the existence of a total of eleven new sites in the area returning significant gold values. Northern Mining has mobilized four teams to systematically sample the large number of outcropping mineralized quartz vein swarms. This sampling is accompanied by geological mapping and all the ancillary work to prepare the property for diamond drilling on the second semester of 2004. Carlos Bertoni, Northern Mining CEO, stated: "Our review of the Eritrean portfolio held by Eritrean Minerals Corporation clearly indicated that we should start our exploration efforts in the country at Harab Suit. In few places of the world one can still walk over extensive mineralized outcrops that have received little or no exploration of any type, like at Harab Suit. Our dilemma on properties like this is not what to do, but where to start and how to maximize our exploration dollars with efficient and conclusive work. At Harab Suit we plan to take advantage of the large amount of outcrop and do a maximum of careful surface sampling before we embark on diamond drilling programs. I am confident we will be rewarded with significant results". -30- FOR FURTHER INFORMATION PLEASE CONTACT: NORTHERN MINING Explorations Ltd. Carlos H. Bertoni, M. Sc. CEO (514) 866-6500 or NORTHERN MINING Explorations Ltd. Tim Williams, Ph. D. COO (514) 866-6500 or NORTHERN MINING Explorations Ltd. Paul-A. Girard Chairman / V.-P. Investor Relations (514) 866-6500 www.mdn.qc.com info@xnord.com
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