James Bay Minerals (ASX: JBY) has generated significant new rare earths and uranium targets from a review of aeromagnetic and spectromagnetic survey results across its flagship Joule Property, within the 100%-owned La Grande Lithium Project in the James Bay region of Quebec, Canada.
“This is another fantastic result for the Company! While our exploration efforts will remain firmly focused on LCT pegmatites with potential for world-class lithium discoveries, the results obtained from aeromagnetic and spectromagnetic surveys cannot be ignored. As we have being doing for lithium, we will continue to sample and understand all relevant minerals on our properties,” Executive Director, Andrew Dornan, said.
Joule Property – La Grande Project
The Joule Property is James Bay Minerals’ flagship asset which covers an area of 16,385 hectares along the Robert-Bourassa reservoir. Joule has a ~24km deformation zone running east to west through the property with deformation widths of up to 1.5km in the north-eastern part of the property.
As part of its maiden exploration program, the company flew high-resolution magnetic and spectrometric surveys across its 100%-owned La Grande Project. Magnetic and spectrometric survey data has identified several zones with high equivalent-Uranium (eU) up to 29ppm and equivalent thorium (eTH) up to 22ppm.
“As a comparison, Joule is only one of two projects over the entire James Bay area, including the Matoush Uranium Project area, with maximum eU values exceeding 20 ppm, while the global average is approximately 0.5 ppm. This is considering a thorough review of over 80,000 l-km of public airborne gamma-ray spectrometric data.” commented Joel Dube from Dynamic Discovery Geoscience.
Follow-up exploration targets for potential Rare Earths and/or Uranium have been identified by taking radiometric data with unusually high eTh and eU values lining-up with narrow topographic highs taken from LiDAR, and/or lining-up with a magnetic low or a break in the magnetic signal.
Radiometric surveys across the company’s Joule Property have indicated strong eU readings, with three intriguing zones having particularly high Uranium readings of up to 29ppm eU.
James Bay has acquired a 100% interest in one of the largest lithium exploration portfolios in the James Bay region, covering an area of 34,572Ha or 346 sq. km. The Joule, Aero and Aqua properties are located in the La Grande sub province along trend from the Corvette deposit, where Patriot Battery Metals (ASX: PMT) recently reported a maiden Inferred Mineral Resource Estimate of 109.2Mt at 1.42% Li2O and 160ppm Ta2O5 (0.40% Li2O cut-off grade).
The Troilus Project is located further to the south sitting only 5km to the north of Sayona’s Moblan Lithium Project and proximity to Winsome Resources’ Sirmac-Clappier Project.