James Bay Minerals Limited has provided an update on its Independence Project in Lander County, Nevada, announcing encouraging new drill results that extend its near‐surface mineral resource. In a key reverse circulation drill hole (JBRC007) at the North Hill area, the company reported intercepts including 22.9 meters at 0.5g/t gold, with a higher-grade sub‐interval of 3.1 meters at 1.0g/t gold; a later interval of 12.2 meters at 1.2g/t gold that included 1.5 meters at 6.7g/t gold, 167g/t silver, and 1.2% copper; and an additional 6.1 meters at 0.4g/t gold featuring 1.5 meters at 1.2g/t gold. This intercept represents a 100-meter step-out north of previous drilling, suggesting a significant extension to the existing resource. The update also notes that ten drillholes have been completed with remaining assay results expected in August. Concurrently, earthworks at Rebel Peak are progressing toward the completion of a new road, expected to enable further drill testing of high-grade targets indicated by rock chip samples up to 16.6g/t gold. Additionally, core samples from the high-grade skarn resource are now in Perth for metallurgical testwork, with results anticipated in the coming weeks. James Bay Minerals Limited’s update underscores the technical progress at a project that spans over 1,800 acres of Bureau of Land Management land in Nevada. The project boasts both near-surface oxide and high-grade skarn resource estimates compliant with JORC 2012 guidelines. With a favorable mining jurisdiction known for rich mineral deposits, stable regulations, and robust infrastructure, the ongoing exploration efforts have the potential to enhance the multi-commodity profile of the project. Bullish sentiment is supported by the strong assay grades, the extension of mineralisation in a previously untested area (North Hill), and the presence of multiple stacked lodes that indicate potential for high-grade, near-surface production. The planned follow-up drilling, improvement of infrastructure at Rebel Peak, and metallurgical testing on high-grade core samples further consolidate an optimistic outlook. However, caution is warranted given that further assay results are pending and additional drilling is needed to fully delineate the mineralisation continuity. While the early-stage exploration progress is promising, inherent exploration risks and technical uncertainties continue to be factors for market participants to consider.