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James Bay Minerals (ASX: $JBY) commences exploration at Joule Property

Exploration activities at Joule Property


James Bay Minerals (ASX: $JBY) has initiated exploration activities at its flagship Joule Property in Quebec, Canada. The company is targeting both rare earth and lithium potential, with a focus on high-priority LCT pegmatite targets and significant rare earth element (REE) mineralisation. The exploration team is equipped with a scintillator, a key technology used for identifying REE mineralisation.

Executive commentary on exploration activities


In late 2023, despite having just a couple of months before snowfall, our fieldwork was directed towards the Aero Property, thanks to its convenient access directly off the Trans-Taiga highway. Now that the Canadian winter has passed, we're shifting gears with our sights set on the exciting Joule Property. The Rare Earth targets identified through the radiometric surveys show significant promise, and the team is looking forward to delving deeper into these zones to unlock their full potential while also exploring the numerous priority lithium-pegmatite targets identified across the Property.

Summary of exploration activities and outlook


James Bay Minerals (ASX: $JBY) has commenced exploration activities at the Joule Property, targeting rare earth and lithium potential. The company's focus includes high-priority LCT pegmatite targets and significant REE mineralisation. The use of scintillator technology enhances the confidence in potential REE mineralisation. The company's ambitions include unlocking the full potential of the identified rare earth targets and exploring priority lithium-pegmatite targets across the property. With substantial target lists compiled from previous exploration programs, James Bay Minerals aims to comprehensively understand the potential of the properties in Quebec, Canada.

JAMES BAY MINERALS LIMITED
JBY | ASX
0.1450(+0%)
At close 05/07 (AEDT)
Market cap
$8.8M
Volume
14,709
DY Yield
0
PE Ratio
0
52 Week Range
0.115 - 0.61
1YR Return
N / A

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