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(Alliance News) - Bluejay Mining PLC on Tuesday said the processing of data from the Enonkoski nickel-copper-cobalt Project in Finland is nearly complete, and that results are "encouraging".
The Enonkoski Project is a part of a joint venture with Rio Tinto PLC and Bluejay Mining, a London-based mineral exploration and development company focused in Greenland and Finland.
Bluejay Mining said a ground gravity survey commenced earlier this month at the Makkola-Halvala target in the south-eastern part of the Enonkoski Project area.
Systematic magnetic susceptibility, conductivity and handheld XRF measurements were conducted on most of the drill core from Makkola, Finland.
Bluejay Mining said the aim of the ongoing exploration activities is to generate new diamond drilling targets within the Makkola-Halvala target area hosting a historic mine and a drilled nickel-copper-cobalt mineralisation.
The current survey plan consists of around 670 survey stations with 50 metre station spacing, and 50 metre to 100 metre line spacing, with the potential for further infill stations to be added based on results.
A review of the historic geological and geophysical data is ongoing, including data from systematic reference handheld XRF.
Bluejay Mining said there are still additional targets within the larger Makkola intrusion that are under-explored and untested by drilling.
Discussions on follow-up work programmes for early 2023 are also ongoing, it added.
Bluejay Mining shares were up 4.0% to 5.00 pence on Tuesday morning in London. Rio Tinto shares were up 3.5% to 5,552.00p.
By Jaskeet Briah; jaskeetbriah@alliancenews.com
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