GXY 0.00% $5.28 galaxy resources limited

Ann: James Bay Final Drilling Results, page-4

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    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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