Boxi Property, Quebec, Canada
NIOBIUM
Source: Niobium.tech
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Niobium is a chemical element used in the construction of superconductors and the enhancement of industrial steel
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It enhances the strength of alloys which are used in jet engines and rockets, beams and girders for buildings and oil rigs, and oil and gas pipelines
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The addition of niobium to industrial steel can both enhance its durability and reduce its overall weight
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Due to its superconducting properties, niobium is an essential component in magnets for particle accelerators, MRI scanners, and NMR equipment
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Niobium-enhanced next-generation lithium-ion batteries and cathodes offer higher performance, improved electronic capacities and longer-term energy stability
GLOBAL NIOBIUM SUPPLY & DEMAND
BOXI PROPERTY HIGHLIGHTS
8,000 hectares of continuous claims, 70 km North of Mont Laurier
8.5 – 14km mineralized dyke, at or near surface, with highly visible pegmatites
Cut samples taken along dyke have returned multiple high grade results for niobium and uranium, including a high of 26.9% Nb205, and 11.9% U308
Data suggests potential presence of multiple dykes and systems throughout the property
Easy road accessibility all the way to the property, with the entire property littered with gravel, bush, and logging roads as well as walking trails
BOXI TECHNICAL REPORT
Source: Technical Report (NI 43-101)
1. Physical samples taken by Resources Maxima in 2011, 5/25 were sent to Labortoire EXpert, remaining 20 measured with Spectrometer
BOXI TECHNICAL REPORT RECOMMENDATION
Technical Report Recommendation
Next steps should include trenching, blasting and/or limited drilling to test and define the extent and type of mineralization along the dyke – further prospecting may uncover similar dykes throughout the property which, if found, will also be investigated
PHASE 1
- High-Resolution land or drone based magnetic surveys
- Geological mapping, using N-S lines with 50 to 100 m spacing, with hand-held spectrometer, mobile XRF and navigation equipment
- Selected stripping and washing, trenching, potential blasting, with geographic sampling at various points
- Sampling of various rocks/layers uncovered along full length of dyke as mapped
- A geological evaluation of the compiled data to better document the REE system
PHASE 2
Contingent on the results of Phase 1 – 1,200m diamond drilling program to test the vertical continuity of the mineralization
Proposed work program in 43-101 is budgeted at $438,000 in two phases
Source: Technical Report (NI 43-101) and subsequent discussions with Ressources Maxima
EXPLORATION PROGRESS, SUMMER 2023/24
*For full results from all samples, see Rush’s Samples Table
*Note that since 2013, there has been a moratorium restricting uranium-specific exploration in Quebec (which does not apply to Boxi so long as we are exploring for niobium).
NB MARKET COMPARABLES - WA1
*As of 08/02/2024
RUSH GAME PLAN 2024 - BOXI
