James Bay Minerals (ASX:JBY) has discovered 9 further pegmatite dykes as part of its ongoing maiden exploration campaign at its Aero property in Quebec, Canada.
The $19.36 million market capitalisation company reports the newly discovered pegmatite field covers a 1.5km-long area from east to west and spans 500m wide north to south at Aero.
Exploration partner Breakaway Exploration has completed rock chip and rock saw channel sampling across the field, with all samples submitted to a laboratory for assaying.
James Bay notes that similar to the first pegmatite field discovery announced in early October, all 9 pegmatite dykes discovered with the eastern field also plunge under cover, trending to the north within the property.
Further, all pegmatite dykes display fractionation indicators and accessory minerals associated with lithium-caesium-tantalum (LCT) pegmatites.
James Bay Minerals Executive Director Andrew Dornan says: “We cannot underestimate the significance of these discoveries at our Aero property given the proximity to key infrastructure, which allows easy access and straightforward exploration planning and execution.
We have only scratched the surface on our La Grande Project, with our flagship Joule property still unexplored. The opportunity that lies ahead of us is huge.”
“The opportunity that lies ahead of us is huge”
The Aero property covers a 4,365-hectare area in the James Bay region of Quebec, Canada.
James Bay Minerals is an ASX-listed lithium explorer focused on its assets within the region.
As of 30 September 2023, the company had $4.458 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: James Bay Minerals
