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Old 12-04-2017, 07:49 AM
Sparty Sparty is offline
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Default Galaxy increases James Bay Canada Lithium resource to 40.8mt

JAMES BAY RESOURCE UPDATE
Mineral Resource 40.8 Mt @ 1.4% Li20

• Significant increase in the mineral resource to 40.8 Mt @1.40% Li20, all classified as Indicated (JORC 2012)
• Current mineral resource is west of the James Bay Road and it remains open to the east and in the west at depths greater than - 335m below surface
• Numerous untested pegmatite’s outcrop and sub-crop elsewhere within the claim area of the project
• Metallurgical test work for process design already well advanced in Perth, Western Australia
• Further drilling for infrastructure sterilization has commenced
• Mine design and planning work has been awarded to Mining Plus
• Feasibility Study preparation ongoing, upgrade of resources to reserves expected in H1 of 2018.

Read the full report

The James Bay Pegmatite swarm is located 10km south of the Eastmain River and 100 kilometers east of James Bay. The property is accessible by paved road from the James Bay Road which cuts through the property close to the 381km road marker on the highway Route/109 from Val d’Or, Quebec, Canada.
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