Bluejay Mining plc ORD 0.01p, (LON:JAY) the AIM and FSE listed company with projects in Greenland and Finland, has today announced that it has increased its land package for the Disko-Nuussuaq Magmatic Massive Sulphide (‘MMS’) Nickel-Copper-Platinum Project (‘Disko’ or the ‘Project’) in south-west Greenland by more than 200%, following the granting of additional exploration licences by the Government of Greenland. The Project now comprises 462.3km2 and the licences are valid for five years until 31 December 2022.
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 (‘Norilsk’). 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 high powered moving loop electromagnetic (‘EM’) survey has now started at Disko and is expected to be completed in 4 weeks. The results are expected to identify optimal drill site locations for drilling.
Bluejay Mining plc CEO Roderick McIllree said, “Whilst early stage, the potential of Disko is unquestionable. Having previously proven that Greenland is host to the world’s highest-grade ilmenite mineral sand deposit through the development of our Pituffik Titanium Project, we continue to demonstrate Greenland’s wider significant resource potential and also our ability to identity and develop assets in-country. Based on the work conducted at Disko to-date, together with our understanding of the region, we believe there is significant discovery potential here and as such we have increased our land position accordingly. With exploration work now commenced, I believe we are well placed to realise real value for shareholders from Disko in the not too distant future. Alongside this, we of course continue to remain focussed on commencing production at our flagship Pituffik Titanium Project in 2018.”
Figure 1. New licence areas at Disko shown in red – see PDF : BlueJay_RNS
