James Bay Minerals (ASX:JBY) has confirmed ore from the Independence Gold Project in Nevada, underscores the potential for a low-risk, capital-efficient operation.
Metallurgical testwork, completed by Independent Metallurgical Operations, delivered high gold recoveries through conventional gravity and carbon-in-leach processing.
The testwork shows the ore is non-refractory, with total gold recoveries of up to 95.9% and an average gravity recovery of 41.7% across three composites. The results indicate that standard processing routes can extract most of the contained gold.
James Bay, which has a market capitalization of $74.71 million, says the results strengthen the project’s technical credentials ahead of future scoping and feasibility studies.
Follow-up metallurgical and engineering work will now focus on optimising the flowsheet and assessing potential development scenarios.
Executive Chair Matthew Hayes says the results mark a turning point for Independence.
“The ore is clean, free-milling and responds exceptionally well to conventional processing,” Hayes says.
“This work materially de-risks the project and provides the foundation for a cost-effective development pathway.”
The testwork covered samples from all three skarn domains within the 984,412 ounce resource grading 6.67 grams per tonne gold.
James Bay reports the second sample composite achieved the highest recoveries, exceeding 95% at grind sizes of both 75µm and 106µm.
Further testing on the first and third sample composites will refine the optimal grind size and confirm repeatability across ore zones.
James Bay Minerals is a North American mineral explorer focused on advancing its projects in Canada and Nevada, US.
This content was created with AI assistance and human editing.
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Images: James Bay Minerals
