(Sharecast News) - Greenland and Finland-focussed exploration and development company Bluejay Mining announced on Monday that the maiden drill and field programme at the Enonkoski nickel-copper-cobalt project in eastern Finland had commenced with its joint venture partner, Rio Tinto.
The AIM-traded firm said the 3000 metre drilling programme, targeting mineralisation in the Tevanjoki and Laukunsuo areas within Enonkoski, would be followed by a period of analysis to be carried out by the joint venture partners.
Drilling completion would be followed by additional exploration activities within the Enonkoski project area, planned for the summer and autumn of 2021.
"Bluejay holds, through its 100%-owned Finnish subsidiary FinnAust Mining Finland, three large scale project areas in East Finland," the board explained, being the Enonkoski project, the Hammaslahti copper-zinc-gold-silver project, and the Outokumpu copper-cobalt-zinc-nickel-gold-silver project.
"Bluejay recently signed a $20m joint-venture and earn-in agreement with Rio Tinto for the Enonkoski project, announced 10 November."
At 1204 BST, shares in Bluejay Mining were up 0.13% at 8.94p.
Bluejay (JAY)3 May 2024 20:10
TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by A...