Sept 6 (Reuters) - NioBay Metals Inc NBY.V
* NioBay announces option to acquire up to 65% in the La
Peltrie Gold project from Midland Exploration, southeast of
Detour Gold's zone 58N
* NioBay Metals - Under terms of agreement, NioBay can earn
up to 65% of Midland's interest in project over a period of six
years based on conditions
* Has entered into an option agreement with Midland
Exploration to acquire up to a 65% interest in La Peltrie Gold
Property
* Midland will be project operator during initial option
period
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