James Bay Minerals (ASX:JBY) has discovered an ‘extensive’ 3km-long field of fractionated pegmatite dykes from maiden exploration work at its Aero Property in Canada.
The $23.89 million market capitalisation company says more than 20 additional pegmatites have been uncovered to the west and east of the previously discovered Avro pegmatite. The pegmatite field now covers a corridor 3km long and 350m wide.
James Bay’s fieldwork is continuing to focus on this part of the property considering the discovery of the pegmatite field, road access, and general ease of accessibility due to recent fires clearing ground cover and making outcrops ‘easily visible’.
Commenting on the pegmatites discovered, James Bay Minerals Executive Director Andrew Dornan says: “The team’s continued rapid pace of discovery at our Aero Property has been fantastic. We are 3 weeks into our maiden exploration program and have already uncovered a field of fractionated pegmatites over a corridor of roughly 3,000m by 350m.
The field team has done an exceptional job, and we look forward to the continued success over the coming weeks.”
“We are 3 weeks into our maiden exploration program and have already uncovered a field of fractionated pegmatites over a corridor of roughly 3,000m by 350m”
The company says as its field team continues to discover more pegmatite dykes, the full extent and understanding of mineralisation remain in its early stages.
As part of the fieldwork, continued observations of tourmaline are being used as an indicator of fractionation and vectoring, with the current interpretation being that it is a fractionated pegmatite derived from a nearby fertile granite.
Personnel from James Bay’s exploration partner, Breakaway Exploration, are continuing to systematically select grab samples, and rock saw channel sampling is ongoing.
The Aero prospect covers an area of 4,365 hectares.
James Bay Minerals is a newly ASX-listed lithium explorer focused on its portfolio within the James Bay region of Quebec, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: James Bay Minerals
