New phase of exploration in Greenland approved by authorities

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that its 2017 exploration programmes at its Pituffik Titanium Project and Disko-Nuussuaq Magmatic Massive Sulphide Nickel-Copper-Platinum Project in Greenland have been approved by the Mineral Licence and Safety Authority (MLSA) in Greenland.

At Pituffik, drilling is designed to expand and upgrade the current resource of 23.6 Mt at 8.8% ilmenite  and bulk sampling is designed for progressing offtake discussions. Geotechnical drilling and mapping will underpin localised civil construction requirements. A fjord scale bathymetric survey managed by Geological Survey of Denmark (GEUS) will map the regional seafloor to facilitate future transport logistics. The company will also advance exploitation permitting as well as continue intensive stakeholder engagement. An independent peer comparison/benchmarking exercise confirms Pituffik as the highest-grade mineral sand ilmenite project globally. Bluejay says it is to focus on the size characteristic of the project as key objective for 2017.

A high-power ground based electromagnetic (EM) survey is to be completed at Disko. The company continues to evaluate options for best path to value creation for its portfolio, including Disko. The EM survey is being sequenced to optimise cost and targeted for Q4 2017 completion.

Bluejay CEO Roderick McIllree said, “The 2017 work programme has begun. Development plans have been on the drawing board since the completion of our 2016 season and the finalised work programme is streamlined to deliver maximum result for cost. This will be a value add second half, as we demonstrate the true scale of this very unique project. Having proven that Pituffik is the highest-grade ilmenite project globally, we will now demonstrate the size characteristic and its ultimate commercial value.”

He adds: “I would like to commend the team for their tireless preparation in getting us to this point, particularly as they have identified a strategic opportunity to undertake work at Disko for virtually no additional cost. We are prepared and ready for a very exciting work season.”