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James Bay targets rare earths, lithium at Joule

James Bay Minerals (ASX:JBY) has begun exploration work targeting rare earths and lithium at its Joule prospect in Quebec, Canada.

The prospect sits within the La Grande Project, located east of Radisson in the Eeyou Istchee-James Bay district of the province.

For rare earths exploration, the team will use a helicopter to reach key areas that displayed elevated thorium-equivalent readings. 

The company will also use scintillator technology to further increase confidence in potential rare earths mineralisation and follow-up with geochemical sampling for laboratory analysis. 

In parallel, James Bay, which has a market capitalisation of $10 million, is focused on understanding the lithium-caesium-tantalum (LCT) pegmatite potential across the property. 

Aerial surveys carried out in 2023 provided initial insights necessary for this understanding. Now, the company has key targets delineated and will conduct methodical field mapping, rock chip sampling, and channel sampling. 

Executive Director Andrew Dornan says now that winter has passed, the company is shifting gears with its sights set on Joule. 

“The rare earths targets identified through 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,” he says. 

The Joule prospect consists of 320 claims and covers 16,385 hectares along the Robert-Bourassa reservoir, and encompasses a 24km-long prospective deformation zone. 

James Bay Minerals is a Canada-focused lithium explorer with 346km2 of prospective lithium projects in the James Bay region. 

Write to Aaliyah Rogan at Mining.com.au   

Images: James Bay Minerals
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.