OVERVIEW

The Nemegosenda Property covers approximately 9,000 acres in Northern Ontario, consisting of a core group of patented mining claims, and surrounding unpatented mining claims. The property is located approximately 35 kilometers from Chapleau and 160 kilometers west of Timmins, Ontario. Accessibility is via Provincial Highway 101 and well maintained logging roads to the north of the highway.

 

GEOLOGY

Kapuskasing Structural Zone Geology

Kapuskasing Structural Zone Geology

The property is located in the Kapuskasing Structural Zone within the Superior Province of the Canadian Shield. The Kapuskasing Structural Zone (KSZ) is composed of amphibolite to granulite metamorphic facies gneisses and several large scale faults. Regional fabrics generally trend NE/SW. The KSZ is intruded by three carbonatite-alkali intrusive complexes, including the Nemegosenda Lake Alkalic Intrusive Complex. The intrusive complex presents itself as a 4 – 6 km elliptical aeromagnetic anomaly, with the semi-major axis oriented north/south.

Nemegosenda Lake Geology

Nemegosenda Lake Geology

Locally, the intrusive complexis are composed of arcuate rings of fenites, nepheline syenites, syentic rocks, malignites, and ijolites, with brecciated textures in the contact zone common. Several later staged mafic, felsic, and carbonatite dykes crosscut these arcuate rings, as well as brittle deformation features. Larger fault structures trend parallel to regional structures in the KSZ. A wide metasomatic aureole at the contact between the intrusive body and the host orthogneisic rocks is well defined, with varying degrees of fenetization of increasing strength with proximity to the intrusive body. The contact zone where this metasomatic reaction occurred is the target for niobium mineralization, which is best defined in the D-Zone. A lesser defined target with similar potential for mineralization is the SE Zone.

 

EXPLORATION HISTORY

D-Zone Exploration Summary

D-Zone Exploration Summary

Preliminary exploration by the Dominion Gulf Company in the late 1940s to the early 1950s identified a strong, circular aeromagnetic anomaly. Follow up work of ground magnetics, radiometrics, and diamond drilling was completed, identifying the D-Zone mineralization which resulted in an historic, non NI 43-101 compliant resource estimate of 20,000,000 tons (short tons) at 0.47 % Nb2O5. The work also identified anomalous niobium mineralization associated with magnetic highs in the SE-Zone. Additional work drove an approximately 180 meter adit in the D-Zone, from which metallurgical work was completed on a 1,000 tonne bulk sample.

Musto Exploration Ltd. completed an airborne magnetic and VLF survey as well as limited trenching in the SE-Zone. This work identified anomalous REE and Nb mineralization in the SE-Zone. They also re-logged core from Dominion Gulf Company’s 1950s’ drilling program, as re-assayed intervals for REEs and niobium.

The Nemegosenda property is a wholly owned asset of Nio Tech corp.  The more recent exploration work on the property includes some preliminary sampling of the adit to confirm the historical results. Positive preliminary results encouraged a diamond drilling program on the D-Zone to work towards confirming the historic results. Additionally, exploratory holes in the SE Zone confirmed anomalous Niobium mineralization over wide widths, but lower grades, similar to the Dominion Gulf Company’s results.




SUMMARY OF RESULTS

Below are significant results from the Dominion Gulf Company. Note that none of the reported results represent true widths.

 

Drill Hole From (m) To (m) Length (m) Nb2O5 (%) Zone
SR09-079 38.0 48.5 10.5 0.38 D
SR09-079 63.5 189.5 126.0 0.37 D
SR09-080 208.0 239.5 31.5 0.37 D
SR10-081 18.5 125.0 106.5 0.31 SE
SR14-082 24.0 106.5 82.5 0.46 D
SR14-082 246.0 270.0 24.0 0.45 D
SR14-084 17.5 66.5 49.0 0.47 D
SR14-084 66.6 84.6 18.0 0.32 D
SR14-085 56.0 173.0 117.0 0.36 D
SR14-086 80.0 152.0 72.0 0.38 D
SR14-086 158.0 206.0 48.0 0.34 D




Drill Hole From (m) To (m) Length (m) Nb2O5 (%)
208-55-04 33.5 56.4 22.9 0.55
208-55-10 53.3 212.4 159.1 0.5
208-55-15 39.6 73.2 33.6 0.36
208-55-16 55.5 104.5 49.0 0.37
208-55-16 216.4 266.4 50.0 0.39
208-56-17 7.6 27.1 19.5 0.63
208-56-26 80.8 200.6 119.8 0.58
208-56-28 21.3 64.9 43.6 0.36
208-56-29 22.9 88.4 65.5 0.41
208-56-31 32.3 112.8 80.5 0.36
208-56-33 7.0 45.7 38.7 0.4
208-56-33 55.8 141.7 85.9 0.39
208-56-34 33.5 77.1 43.6 0.4
208-56-34 110.9 179.5 68.6 0.59
208-56-34 185.3 226.8 41.5 0.45
208-56-38 146.3 221.0 74.7 0.42
208-56-47 27.1 70.1 43.0 0.36
208-56-48 18.3 53.3 35.0 0.38
208-56-49 12.5 52.4 39.9 0.48
208-56-49 221.0 261.8 40.8 0.39
208-56-51 19.2 79.6 60.4 0.67
208-56-52 51.5 187.8 136.3 0.66
208-56-52 193.5 256.6 63.1 0.38
208-56-53 103.6 222.2 118.6 0.42
208-56-54 83.8 118.9 35.1 0.42
208-56-57 58.2 82.3 24.1 0.55
208-56-58 42.7 182.0 139.3 0.4
208-56-59 10.7 182.9 172.2 0.5
208-56-60 14.3 105.2 90.9 0.42
208-56-62 24.4 200.9 176.5 0.5
208-56-64 16.8 145.1 128.3 0.57
208-56-66 35.4 83.8 48.4 0.57

 

CURRENT EXPLORATION PLANS

Currently, we are looking to advance the project by completing an updated NI 43-101compliant resource estimate from the work completed to date to verify results in the D-Zone. Longer term goals include metallurgical work and additional reporting to work towards completing a Preliminary Economic Assessment.

About NioTech

Nio Tech Corp is an early stage mining development company based in the United States with the ultimate goal of becoming one of the few strategic suppliers of Niobium.

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