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)
Managing Director and CEO, Anthony Tse commented
“The results from this drilling campaign support the James Bay Project becoming a significant hard rock, high grade, long life lithium resource. This combined with its strategic location and proximity to local infrastructure means that the Project has very strong development fundamentals. Galaxy will now advance the studies necessary for the development of a mine and concentrate operations at James Bay, as well as the planned downstream lithium conversion facility to be located in Quebec Province. The experience we have gained with the restart of the highly successful hard rock operations at Mt Cattlin in Western Australia will be utilized extensively to assist with the development of the James Bay Project”
GXY Price at posting:
$3.70 Sentiment: Buy Disclosure: Held
