James Bay Minerals' Nevada project update

James Bay Minerals (ASX:JBY) has identified significant growth potential at its Independence Project in Lander County, Nevada. A review of unsampled historical drill cores revealed multiple mineralised zones extending beyond the current Mineral Resource. Logging and sampling are underway, with one drill hole already submitted for analysis.

James Bay Minerals' strategic outlook

James Bay Minerals has announced promising findings at its Independence Project in Nevada. The review of historical drill cores revealed mineralised zones, indicating potential for resource expansion. The project is owned by Independence Mining LLC, with James Bay Minerals aiming to acquire full interest. Current activities include logging and sampling of historical cores and initial drilling to expand near-surface oxide mineralisation, with results anticipated in the first half of 2025. Located in a top-tier mining jurisdiction, James Bay Minerals is well-positioned for future growth, supported by its lithium exploration portfolio in Quebec, Canada. The company's exploration and development plans focus on expanding polymetallic mineralisation and testing deeper skarn mineralisation.

Executive insights on Independence Project findings

This discovery suggests previously unrecognized mineralized lodes between the existing oxide and skarn resources, offering potential for polymetallic resource expansion outside the current Mineral Resource Estimate.