James Bay Minerals discovered 123 lithium pegmatite targets at Aqua

Mon 04 Dec 23, 9:43am (AEDT)
shutterstock 1949296606
Source: Shutterstock

Key Points

  • Airborne LiDAR and high-resolution photography generated 123 LCT pegmatite targets
  • A field program is scheduled to commence in the first half of 2024
  • High-priority targets commence just ~200m to the east of FIN Resources’ significant spodumene showings , which have returned assayed grades of up to 6.85% Li2O

Lithium hopeful James Bay Minerals (ASX: JBY) has continued its recent positive news flow, announcing that a total of 123 of new Lithium-Caesium-Tantalum (LCT) pegmatite targets have been generated from airborne LiDAR at its Aqua Property, which forms part of the company's La Grande Project in the James Bay region in Quebec, Canada.

The Aqua property covers an area of 8,803 hectares and located within the La Grande Greenstone Belt, a region known for its potential to host lithium mineralisation.

LiDAR, an acronym of "light detection and ranging", is a remote sensing technology that utilises pulsed laser beams to measure distances to objects and surface. Lithium-rich pegmatites often create distinct topographic features such as ridges and modified surrounding rocks. These features make them readily detectable by the LiDAR survey.

This technique has demonstrated success in the James Bay region, where it has aided other lithium explorers in uncovering lithium-bearing pegmatites.

Analysis of data gathered from both LiDAR and high-resolution photography has yielded a total of 123 LCT pegmatite targets across the Aqua Property.

The high-priority targets commence just 200 metres to the east of FIN Resources' (ASX: FIN) significant spodumene discoveries, which have returned assayed grades of up to 6.85% Li20.

High-priority LCT pegmatite targets
Figure 1 – High-priority LCT pegmatite targets across the Aqua Property (Source: James Bay Minerals)

JBY Executive Director, Andrew Dornan, commented;

“This is another exciting development for the Company with over 120 LCT pegmatite targets identified across our Aqua Property. Given we have the three key geological ingredients for giant LCT lithium-pegmatite deposits."

"Along with FIN Resources’ spodumene discovery on the border of our Property – our confidence in the prospectivity at Aqua and the potential for a significant lithium discovery continues to grow.”

The release comes hot on the heels of positive announcements in November, which included increasing the La Grande Project Area by 70% and elevated lithium readings at the Aero Property.

James Bay Minerals, in collaboration with its exploration partner Breakaway Exploration, is planning a targeted field program on the Aqua Property to systematically map the newly identified LCT pegmatite targets discovered through LiDAR and high-resolution photography. This field program is scheduled to commence in the first half of 2024.

Written By

Chris Conway

Managing Editor

Chris is the Managing Editor at Livewire Markets and Market Index. His passion is equity research, portfolio construction, and investment education. He is also very keen on the powerful processes that can help all investors identify great opportunities and outperform the market, and wants to bring them to life and share them with you.

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