Niobay Metals Inc has today filed the associated National Instrument 43-101 technical report for its wholly-owned James Bay Niobium project, located 40 km south of the island of Moose Factory, Northern Ontario. Because of the geometry and location of the deposit, three mining scenarios were evaluated i.e. open pit (scenario #1), underground (scenario #3) and a hybrid of both mining methods (scenario #2).
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 47% direct participation in mineral titles situated in the Chibougamau, Quebec, under a joint venture agreement with SOQUEM.