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

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


James Bay Minerals (ASX: $JBY) has initiated field exploration at its highly prospective Aqua Property in James Bay, Quebec. The 2024 targeted summer field program is focused on 123 LCT Pegmatite targets generated from aerial surveys, with high-priority targets emerging approximately 200 metres east of FIN Resources (ASX: $FIN) significant spodumene showings, where assays have revealed grades as high as 6.85% Li2O.

Executive Commentary on Exploration Activities


Commencing exploration activities across high-priority LCT Pegmatites at the Aqua Property marks another step forward for our company, reflecting our commitment to unlocking new opportunities in parallel with our ongoing efforts at the Joule Property. This growing exploration momentum will position the Company to tap into the potential of these promising geological settings, aiming to uncover significant drill-ready targets.

Summary of Field Exploration Commencement


James Bay Minerals (ASX: $JBY) has commenced field exploration at the highly prospective Aqua Property in James Bay, Quebec. The targeted summer field program is focused on 123 LCT Pegmatite targets generated from aerial surveys, with high-priority targets emerging approximately 200 metres east of FIN Resources (ASX: $FIN) significant spodumene showings. The Company's La Grande Projects, which are prospective for both lithium and rare earths, are located along-trend from Winsome Resources' (ASX: $WR1) Cancet Lithium Project and Patriot Battery Metals' (ASX: $PMT) Corvette Lithium Project. The exploration activities will encompass field mapping, rock chip sampling, and channel sampling, with the aim of identifying significant drill-ready targets. The Company's ambitions include unlocking new opportunities and tapping into the potential of promising geological settings.

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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