Last checked at 24 May 2021 11:10
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
24 May 2021
Bluejay Mining plc ('Bluejay' or the 'Company')
Drill Programme commences at Enonkoski JV with Rio Tinto
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce that, further to the RNS dated 26 April 2021, the maiden drill and field programme ('Field Programme' or the 'Programme') at the Enonkoski nickel-copper-cobalt ('Ni-Cu-Co') Project in eastern Finland, has now commenced with the Company's joint venture ('JV') partner Rio Tinto Mining and Exploration Ltd ('Rio Tinto').
The 3000 metre drilling programme targeting mineralisation in the Tevanjoki and Laukunsuo areas within Enonkoski will be followed by a period of analysis to be carried out by the JV partners. Drilling completion will be followed by additional exploration activities within the Enonkoski Ni-Cu-Co Project area planned for the summer and autumn of 2021.
Finland Overview
Bluejay holds, through its 100% owned Finnish subsidiary FinnAust Mining Finland Oy ('FinnAust'), three large scale project areas in East Finland - the Enonkoski Ni-Cu-Co project, the Hammaslahti copper-zinc-gold-silver ('Cu-Zn-Au-Ag') project, and the Outokumpu copper-cobalt-zinc-nickel-gold-silver ('Cu-Co-Zn-Ni-Au-Ag') project. Bluejay recently signed a US$20 million joint-venture and earn-in agreement with Rio Tinto for the Enonkoski Ni-Cu-Co project, announced 10 November 2020.
For further information please visit http://www.bluejaymining.com or contact:
Roderick McIllree | Bluejay Mining plc | +44 (0) 20 7907 9326 |
Kevin Sheil | Bluejay Mining plc | +44 (0) 20 7907 9326 |
Ewan Leggat | SP Angel Corporate Finance LLP (Nominated Adviser) | +44 (0) 20 3470 0470 |
Adam Cowl | SP Angel Corporate Finance LLP (Nominated Adviser) | +44 (0) 20 3470 0470 |
Andrew Chubb | Hannam & Partners (Advisory) LLP | +44 (0) 20 7907 8500 |
Tim Blythe | Blytheweigh | +44 (0) 20 7138 3205 |
Megan Ray | Blytheweigh | +44 (0) 20 7138 3205 |
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With projects in Greenland and Finland, its most advanced project is the Dundas Ilmenite Project in Greenland, which is being developed towards production in the near term.
The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current projects and future acquisitions.
Bluejay holds three additional projects in Greenland - the 2,897sq km Disko-Nuussuaq Magmatic Massive Sulphide nickel-copper-cobalt-platinum group element-gold project, which has shown its potential to host mineralisation similar to the world's largest nickel-copper mining district at Noril'sk-Talnakh, northern Russia; the 692sq km Kangerluarsuk zinc-lead- silver project, and the 2,555 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. In Finland, Bluejay has agreed a joint-venture agreement with Rio Tinto Mining and Exploration Ltd at its Enonkoski Project.
**ENDS**