James Bay Minerals (ASX:JBY) released a maiden mineral resource estimate for the Independence Gold Project in Nevada, according to a Wednesday Australian bourse filing.
It estimated high-grade skarn inferred resource of 4.6 million tonnes at 6.67 grams per tonne grade of gold for 984,412 ounces of gold, near-surface epithermal indicated resource of 294,395 ounces of gold at a grade of 0.40 g/t and inferred resource of 90,702 ounces of gold at a grade of 0.32 g/t.
Future drilling campaigns are planned to target the northern half of the project and areas outside of the current resource shell. Ongoing work will target polymetallic mineralization within the Pumpernickel Formation and gold-silver skarn mineralization within the host Battle Formation.
The firm's shares fall past 11% on market close on Wednesday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。