Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Extends drilling exploration with partner Rio Tinto PLC at the Enonkoski nickel-copper-cobalt project in eastern Finland. The joint venture & earn-in agreement with Rio Tinto will see drilling, which commenced in May and is targeting mineralisation, continue at the site. Planning is underway for an upcoming diamond drill programme, with preliminary plans including 3,000 to 4,000 metres of drilling to be conducted between October and December at several target areas on the belt.
"I am delighted to report that our joint venture partner, Rio Tinto, have decided to extend the exploration activities at our Enonkoski Project in East Finland," says Thomas Levin, chief operating officer of Bluejay subsidiary FinnAust Mining Finland Oy.
"The field team have been continuing with the geological field work at several target areas on the belt. The aim with the ongoing top of bedrock sampling and recently completed, very detailed, 20 to 40 metre line spacing drone 3 component magnetic survey, is to assist in the target generation for the upcoming diamond drilling programme."
Current stock price: 11.40 pence, up 1.7% on Monday
Year-to-date change: down 7.1%
By Will Paige; willpaige@alliancenews.com
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