GXY 0.00% $5.28 galaxy resources limited

Bringing James Bay to full production in 2018??

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    Seeing as now it seems that Mt Cattlin is fully SOLDOUT . I thought we can start a thread about bring JB to full production .

    In March 2017, the James Bay team commenced a ~33,000m diamond drilling campaign to extend and develop the existing James Bay resource.
    This drilling program has now been completed. All remaining assays are expected to be received by the end of October 2017.
    Results from a further 16 holes for an aggregate 3,879m drilled can now be reported. All intercepts below are reported downhole.
    Highlights from this round of drilling and assay are:
    • 88.7m @1.63% Li2O from 150.3m to 239.0m (drill hole JBL17-107)
    • 28.7m @ 1.54% Li2O from 28.5m to 57.2m (drill hole JBL17-108)
    • 66.0m @ 1.71 % Li2O from 144.33m to 210.3m (drill hole JBL17-128)
    • 102.8m @ 1.56% Li2O from 79.7m to 182.5m (drill hole JBL17-129)
    • 37.7m @ 1.43% Li2O from 82.16m to 119.7m (drill hole JBL17-147)

    JAMES BAY UPDATE – FINAL DRILLING RESULTS
    Galaxy Resources Limited ("Galaxy" or the "Company") (ASX: GXY) is pleased to announce the final assays from its 2017 drilling campaign at the James Bay Project (“James Bay “or the “Project “) in Quebec, Canada. In late March 2017, the Galaxy James Bay team commenced a ~33,000m diamond drilling campaign to extend and develop the existing James Bay spodumene resource.
    The drilling program is now complete and all assays have been received. All intercepts below are reported downhole. Mineralized pegmatites outcrop at surface and the drill program has targeted approximately 2,360m of known pegmatite strike and outcrop west of the James Bay Highway. These final results include assays from exploratory drill holes east of the highway which have also retuned economic grades in the pegmatite.
    Resource development, an updated recoverable resource estimate and the project feasibility study will focus on pegmatite mineralization west of the James Bay Road. The known pegmatite mineralization east of the James Bay Road, was tested using scout drilling in the recent campaign and will require further confirmatory drilling.
    An estimated 1,400m of the eastern zone remains untested by drilling.
    The resource west of the James Bay Road remains open and mineralized in thick pegmatites, at depths of >350m below surface.
    Highlights from this round of drilling and assay are:
     93.4m at 1.44% Li2O from 133.7m to 227.1m (drill hole JBL17_133)
     65.9m at 1.60% Li2O from 15.7m to 81.6m (drill hole JBL17_134)
     59.9m at 1.64% Li2O from 106.3m to 166.2m (drill hole JBL17_135)
     94.4m at 1.66% Li2O from 106.5m to 200.9m (drill hole JBL17_136)
     65.3m at 1.36% Li2O from 301.7m to 367.0m (drill hole JBL17_136)
     52.4m at 1.48% Li2O from 21.9m to 74.3m (drill hole JBL17_137)
     50.6m at 1.66% Li2O from 239.4m to 290.0m (drill hole JBL17_137)
     83.2m at 1.78% Li2O from 95.7m to 178.9m (drill hole JBL17_138)
     69.7m at 1.75% Li2O from 123.7m to 193.4m (drill hole JBL17_139)
     71.1m at 1.65% Li2O from 191.3m to 262.4m (drill hole JBL17_140)

    Assays (Tables 1 and 2, below) have been received for a further 22 diamond holes for 6,102m of NQ drilling (collars, Table 1, below). All drilling is diamond (core) drilling. Thicker pegmatites at the western extremity of the known mineralization remain open and untested below the limits of the current drilling. Further deep drilling beyond 350m below surface is planned, once drilling for the James Bay feasibility study is underway. This drilling will focus on infrastructure sterilization, wide diameter (PQ size) drilling for metallurgical sampling at depth and geotechnical studies. This completed round of drilling will be used for a revised mineral resource estimation and upgrade, which is expected to be finalized by the start of November 2017.
 
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