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