La Peltrie Project
Niobay Metals has the option to acquire up to 65% of the project
The La Peltrie project is located about 25 kilometres south-east of the zone 58N owned by Detour Gold, about 25 kilometres north-west of the former Selbaie mine, in Abitibi, Quebec and next to SOQUEM’s B26 massif sulphide discovery.
The property consists of 517 claims covering a surface area of about 286 square kilometres.
Located about 25 km east of the new gold discovery made by Detour Gold at Lower Detour (Zone 58N) which is located approximately 6 km south of the Detour Lake mine (Reserves of 14.4 Moz Au). At Lower Detour, recent drilling intercepts returned values up to 11.82 g/t Au over 32.40 metres and 12.74 g/t Au over 28.0 metre.
Covers more than 25 kilometres of subsidiary faults to the south of the regional Lower Detour Fault.
Historical gold showing located less than 800 metres east of the property that returned 3.0 g/t Au over 2.0 metres and 4.0 g/t Au over 0.30 metre.
Several untested historical MegaTEM conductors and very few historical drill holes.
Several new IP-Orevision targets identified in 2016 and 2017