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James Bay Minerals Limited (ASX:JBY)

ALERT: Price-sensitive ASX Announcement for JBY
Current share price for JBY : $0.540 -0.1 (-15.63%)+
Announcement
Release
6 Nov 2025 8:17AM
Price at Release
$0.640
Full Release
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Summary
James Bay Minerals Limited has reported significant progress at their Independence Project located in Lander County, Nevada. The recent drilling at South Hill has defined further extensions to gold-silver mineralisation beyond the current Near-Surface Mineral Resource Estimate. Significant results include notable intercepts from drill holes such as JBRC011, JBRC012, and JBRC014, showcasing gold equivalent grades and suggesting potential for increased resource estimates. Additionally, the company prepares to commence drilling at Rebel Peak, targeting high-grade outcropping rock chips. The ongoing exploration efforts are aimed at swiftly adding ounces through targeting mineralisation extensions well outside the existing resource estimates.
Key Points
  • Reverse circulation drilling at South Hill extends gold-silver mineralisation.
  • JBRC011: 25.9m at 0.6g/t AuEq from 161.5m, including 4.6m at 1.3g/t AuEq.
  • JBRC012: 12.2m at 0.5g/t AuEq from 100.6m, including 1.5m at 2.4g/t AuEq.
  • JBRC014: 4.6m at 0.8g/t AuEq from surface and 25.9m at 0.4g/t AuEq from 103.6m.
  • First drilling to start at Rebel Peak under high-grade rock chips to 16.6 g/t Au.
  • The goal is to add ounces rapidly by targeting mineralisation outside the current MRE.
  • James Bay CEO Dennis Lindgren highlights the potential for significant resource additions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.