- La Grande East contains 136 claims over 7,000ha
- Identified trend into the 109.2Mt Corvette lithium project
- Field exploration to commence in Q2 this year
Special Report: James Bay Minerals has expanded its critical minerals footprint after acquiring the La Grande East project, 15km from the Aqua property in Quebec, Canada.
At La Grande East, covering 136 claims across 7,000ha along the Robert-Bourassa reservoir, James Bay Minerals (ASX:JBY) has identified a couple of intriguing magnetic lows interpreted to trend into Patriot Battery Metals’ (ASX:PMT) 109.2Mt Corvette lithium project.
JBY now has a huge 37,168ha landholding across its La Grande projects which include the Joule, Aero and Aqua properties, complemented by its Trollus landholding to the south.
JBY’s Quebec landholdings. Pic supplied: JBY
‘Multiple large white dyke-like features’
The acquisition includes an initial cash payment of C$21,000 and 210,000 JBY shares to Southshore partnership and other vendors, and a deferred payment of C$30,000 and 300,000 JBY shares within two years.
Initial reviews of the eastern portion of the property have identified multiple large white dyke-like features from satellite imagery, with some more than 500m-long.
Pic supplied: (JBY)
JBY says desktop studies and reviews are continuing across the La Grande East project and the team is assessing the available government and satellite data.
Targets identified through this process, together with the results of desktop studies, will inform an initial exploration field program due to commence in Q2 this year.
The La Grande East staked claims. Pic supplied: (JBY)
“The La Grande East project is another exceptional addition to the company’s critical minerals portfolio in this world-class district,” JBY exec director Andrew Dorman says.
“Sitting within a magnetic low that trends into the same corridor as the Patriot Battery Metals Corvette discovery and with the Transtaiga Highway located less than 1km to the north of the property, this Project already presents several exciting walk-up exploration targets.”
This article was developed in collaboration with James Bay Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.