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Galaxy Resources Ltd.
Summary
| Project: | James Bay | |
|---|---|---|
| Deposit: | James Bay | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 8/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-8-2017: Galaxy Resources Ltd. announces an Exploration/Drilling Update report for its James Bay deposit at the James Bay project. Drilling results incl. 68.7m @ 1.55% Li20 from 49.7m. Galaxy Resources Limited ("Galaxy" or the "Company") (ASX: GXY) is p | |
| Resources: | (Resource): 11.75 Mt @ 1.3% Li20 (Ind.), 10.47 Mt @1.2% Li20 (Inf.) | |
| CP/QP: | [Overall Report]: Albert Thamm (Internal) | |
| ABSTRACT: | Galaxy Resources Limited ("Galaxy" or the "Company") (ASX: GXY) is pleased to announce further assays from its 2017 drilling campaign at the James Bay Project in Quebec, Canada. In late March, the Galaxy James Bay team commenced a ~31,000m diamond drilling campaign to extend and develop the existing resource at the James Bay Project in Quebec, Canada. The entire program is expected to be completed by the end of this month. Earlier assay results (drill hole JBL17-19, 98.0m @ 1.62%, ASX, 2 August, 2017) have confirmed the extent and continuity of spodumene mineralization. The earlier results have been re-confirmed elsewhere in the pegmatite swarm (drill holes JBL17-21, JBL17-36, JBL17-38 and JBL17-39, below) with the latest assays. Mineralisation remains open below and to the west of the currently drilled out resource. Drill hole JBL17-21 (with drill hole JBL-17-20) extends parts of the resource a further -75m vertically below the current resource. The James Bay Project is located 10 kilometers south of the Eastmain River and 100 kilometers east of James Bay. The property is accessible from the paved James Bay Road which cuts through the property close to the 381km road marker on highway Route/109 from Val d’Or, Quebec, Canada. Val d’Or is approximately 526km westward from Montreal, Quebec. A large, multi-service truck stop is located at marker 381. | |
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