RE: Hot zone 🚀🚀30 Jan 2026 10:41
ShareTalk....another great read, reinforcing the Investment decision. Gets better, look at Thule Copper deposit BlueJay added to their 100% owned DUNDAS deposit. Below RNS extract
1 May 2024
Bluejay Mining plc / Ticker: JAY / Market: AIM / Sector: Mining
Acquisition of Sedimentary Hosted Copper Project
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and Pink-Market traded exploration and development company with projects in Greenland and Finland, is delighted to announce that an application to expand Mineral Exploration Licence (MEL) 2015-08 covering a portion of the Company's 100% owned Dundas Ilmenite Project ('Dundas' or the 'Project') located in North-West Greenland, to include newly identified high grade sedimentary hosted copper showings has been accepted by the Greenland Mineral Licensing and Safety Authority.
Highlights
· the proposed enlargement increases the licence area of MEL 2015-08 from its current size of 86 km2 to 2,833 km2
· Licence expansion comes at no cost, leveraging existing exploration credits for Dundas and is a result of an extensive data review and analysis beginning in 2019
· The expanded licence area will cover both historic and newly discovered copper showings:
o Existing copper showings within the dolerite dykes of the original Dundas licence area
· Encouraging ore-grade samples of mineralisation locally exceeding 10% copper have been identified
· Bluejay has an established and substantial permanent exploration infrastructure at Moriusaq, which will serve as a basecamp for activities on the expanded licence area.
· The expanded licence area is proximal to the Camelot Project operated by BHP in northern Canada, illustrating an interest in arctic frontier exploration by the major mining companies
· The Acquisition comes as part of the Company's new growth strategy to secure high quality copper and industrial gas projects
Eric Sondergaard, Managing Director, commented:
This acquisition represents a strategic opportunity within a region that we already have a dominant footprint. This project has seen very limited systematic exploration for its copper in more than 50 years. This project has been identified as being strategically located for large scale deposits of copper metal. As a demonstration of the teams' capabilities the Thule Copper will incur virtually no cost to the company over the coming years due to previous expenditure at Dundas and coupled with our existing exploration camp provides us with unparalleled and dominant access to the entire region. We note with high interest the endeavours of industry giants like BHP, who are now appearing at scale in the northern latitudes in search of copper. Copper is seen as remaining in deficit for the next 5 years and we are positioning the Company to take advantage of what will be a highly supportive environment for copper developers. The Thule Copper project represents a massive
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