Bluejay Mining plc almost double their landholding in Disko, SW Greenland

Bluejay CEO Roderick McIllree said, “This increase in licence grant almost doubles our landholding at Disko, which has clear similarities to other great MMS systems of the world. We believe in the geological model defined by several majors before us and will work to unlock value here during 2018.

“We have several parties interested in partnering with us on this project and we will carefully evaluate these individually to determine the best way forward for shareholders. Work will focus on developing drill targets in the newly enlarged project and will run in parallel to our primary development work at the Dundas Ilmenite Project, which due to its close proximity makes implementing two development programmes very cost effective.

“With production approaching at Dundas, and significant further upside from Disko, we have a valuable portfolio that strongly positions us for long term growth.”

Bluejay Mining plc LON:JAY, the AIM and FSE listed company with projects in Greenland and Finland, this morning announced that it has further increased its land package for the Disko-Nuussuaq Magmatic Massive Sulphide Nickel-Copper-Platinum Project in south-west Greenland by an additional 1,616km(2) . The Project now comprises a total of 2,586km(2) . The area under license at Disko is now approximately the size of the country of Luxembourg and we have secured this additional acreage following positive results from recently completed internal studies. To view the press release with the illustrative maps and diagrams please use the following link:

http://www.rns-pdf.londonstockexchange.com/rns/8144M_-2018-5-1.pdf

 

About Disko

Located on the south-west coast of Greenland, Disko has shown its potential to host mineralisation similar to the nickel/copper sulphide mine Norilsk-Talnakh located in northern Russia. Seven significant MMS targets have been identified to-date at the licence area, with the largest being 5.9km long by 1.1km wide. A 28t boulder assaying 6.9% nickel, 3.7% copper, 0.6% cobalt and 2g/t platinum group metals has also been discovered on the licence area, which is now displayed in the foyer of the Danish Geological Museum in Copenhagen, further highlighting the potential of these licences.

A surface sampling programme in 2017 confirmed a working sulphide system at Disko with initial chemical assays in oxidised surface material returning 2.02% nickel, 0.8% copper, 0.2% cobalt. Handheld XRF sampling on fresh, polished material returned values averaging between 4.6%-9.3% nickel & 1.5-2.8% copper. Fresh samples taken from outcrops confirmed characteristics indicative of large scale Ni-Cu-Co-PGE sulphide segregation and course grained inter-locking crystals of metal sulphides were observed in hand specimens with an average size of +15cm. Further details of the exploration work conducted at Disko are set out in the Company’s announcement of 8 December 2017.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Bluejay Mining PLC

    More articles like this

    Bluejay Mining PLC

    Bluejay Mining plc excellent progress at Dundas

    Bluejay CEO Roderick McIllree said, “I am delighted to report that we continue to make excellent progress at Dundas, both at an operational and wider commercialisation level. In particular, I am pleased with the interest being

    Bluejay Mining PLC

    The bullet-shaped implant that could blitz your back pain

    A titanium implant the size and shape of a bullet could offer relief to thousands of long-term back-pain sufferers. The experimental procedure, being offered in clinical trials at four NHS teaching hospitals, involves the device being screwed into

    Bluejay Mining PLC

    Six Reasons Copper Demand is Set to Soar

    The estimated global market for copper in 2023 is about $172 billion, according to analysts at Matmatch, a materials database company in Germany. They have determined that the demand for copper is on a major upswing,

    Bluejay Mining PLC

    Greenland – a new land of opportunity

    Greenland is a safe, autonomous country within the Kingdom of Denmark. While lying within the European sphere of influence, it is not part of the European Union. Greenland sees petroleum and mining as a means of achieving full

    Bluejay Mining PLC

    Bluejay Mining plc Strengthen board internally

    Bluejay Mining plc (LON:JAY) has to announced the appointment of Garth Palmer as Non-Executive Director with immediate effect. Garth, who has served as the Company Secretary to Bluejay for the last six years has a deep