James Bay Minerals Limited Uncovers High-Grade Gold-Silver Drilling Extension at Nevada Independence Project, Paving the Way for a Major Resource Update

Tuesday, August 12, 2025
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8:20 am
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James Bay Minerals Limited reports promising drill results from its Nevada Independence Project. High-grade gold and silver mineralisation, including bonanza silver levels, extended beyond current near-surface estimates, suggesting strong potential for future resource upgrades and an attractive opportunity for emerging investors.

James Bay Minerals Limited has released encouraging drilling results from its Independence Project in Lander County, Nevada. Recent reverse circulation drilling at the North Hill area has returned high-grade gold and silver intercepts beyond the current near‐surface resource estimate. One drill hole, JBRC009, recorded a 27.4‐meter interval averaging 1.0g/t gold and 73g/t silver, with a sub‐interval showing 7.6 meters at 1.3g/t gold and 205g/t silver, along with a standout 1.5‐meter segment at 5.3g/t gold. Other holes (JBRC010, JBRC008, and JBRC006) also delivered significant intercepts, collectively reinforcing the presence of enticing mineralization trends in the area. The technical report details that the North Hill target, previously assumed void of mineral potential, actually hosts stacked, epithermal mineralized lodes within the Pumpernickel Chert. These intercepts lie outside the established near-surface oxide resource and suggest the possibility of extending the resource envelope. In addition, high-grade rock chip assays from Rebel Peak have recorded values as high as 16.6g/t gold, which has prompted the company to accelerate road construction to support further drilling. With multiple drill holes stepping out up to 175 meters north of the existing resource, James Bay Minerals is now repositioning its exploration strategy to focus on testing lower levels and potential extensions below the current resource model. The announcement also underscores the company’s advanced technical protocols in drilling, sample collection, analysis, and QA/QC procedures. Detailed intercept data and cross-sectional views confirm the reliability of the drilling results, and the robust approach is expected to inform an updated mineral resource estimate before the planned resumption of the scoping study. The firm’s Managing Director, Matthew Hayes, emphasized that these latest assays could add meaningful ounces of gold and silver in future updates, further strengthening the project’s outlook. From a bullish perspective, the strong intercepts and identification of previously untested high-grade zones suggest significant upside potential for expanding the resource base. The drilling results, high operational standards, and favorable jurisdiction in Nevada support investor confidence in long-term value creation. Conversely, the bearish view notes that further delineation and updated resource estimates remain necessary before a full evaluation of economic viability is completed. Additionally, inherent risks associated with exploration activities and the transition from near-surface to deeper mineralization mean that uncertainties still exist. Overall, while the results are promising, investors should continue to monitor further developments and technical updates from James Bay Minerals Limited.

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