North American Niobium drills pegmatite at Seigneurie Project, Quebec

North American Niobium and Critical Minerals Corp. [CSE: NIOB; OTCQB: NIOMF; FSE: KS82.F] has drilled another hole with substantial pegmatite volume at its Seigneurie Project in Quebec. Collared 50 metres east of SGN-2026-07, the fourth-widest publicly disclosed pegmatite intersection, SGN-2026-008, reproduced similar mineralogical features.

Assays are pending this second hole into the pegmatite system, which intersected 108.60 metres of pegmatite in total over 218.6 metres drilled, logged across stacked intervals, with the contacts occurring preferentially between amphibolite and gneiss host rocks.

“Hole 008 was designed to test the eastern portion of the intrusion and adds to our developing belief that we could be uncovering a large system at Seigneurie,” said Murray Nye, North American Niobium’s CEO. “The pegmatite appears to occur preferentially at the contact between amphibolite and gneiss host rocks, which gives us a clearer structural target for future drilling. We are now waiting on assays.”

Highlights: 108.60 metres of cumulative pegmatite intersected in SGN-2026-008 over 218.6 metres drilled, across 10 stacked intervals, with the thickest single interval being 42.15 metres (64.00 to 106.15 metres); pegmatite system occurs preferentially at the contact between amphibolite and gneiss host rocks — providing a clearer structural target for follow-up exploration programs; preliminary core observations support a more northwest-trending pegmatite intrusion.

The pink, coarse-grained granitic pegmatite intersected in SGN-2026-008 occurs as 10 stacked intervals, with the thickest single interval being 42.15 metres (64.00 to 106.15 metres). Host rocks between pegmatite intervals are gneiss and amphibolite, suggesting lithological contacts may control pegmatite emplacement at Seigneurie. The pegmatite system appears to differ from the east-west trend interpreted by Soquem in the 1970s. True widths have not yet been determined.

A localized interval at approximately 162 metres depth returned the strongest gamma-ray response logged on Seigneurie core to date, at approximately 2,000 to 3,000 counts per minute. A brown, prismatic-to-acicular mineral was logged as inclusions within magnetite clusters in this subzone, with elevated niobium, yttrium and phosphorus on portable XRF (X-ray fluorescence) screening (indicative only; see portable XRF disclosure).

This is the same brown-mineral/magnetite assemblage previously reported in SGN-2026-007. Its repeat occurrence in a second hole supports the interpretation that the niobium-rare-earth-bearing phase is a recurring component of the Seigneurie pegmatite system.

Samples have been submitted to SGS Canada Inc.; petrography is planned to identify the carrier mineral.

The company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the Canadian Securities Exchange and other applicable laws. For its services, the company has agreed to pay VLP $5,000 per month, plus HST (harmonized sales tax), for an initial term of three months.

Following the initial term, the agreement will automatically renew for successive additional one-month terms and may be terminated at any time by the company or VLP.

North American Niobium and Critical Minerals is a North American mineral exploration company focused on the acquisition and development of precious, base and critical mineral assets. Its portfolio includes the Silver Lake property in British Columbia’s Omineca mining division and a district-scale land package covering 29,936 hectares in Quebec’s Grenville province. The Quebec properties host rare earth element, niobium and nickel-copper occurrences, expanding the company’s footprint into critical minerals.