logo-loader
viewBlueJay Mining PLC

Bluejay CEO: “All that stands between us and a globally significant discovery here is the act of drilling”

Bluejay looks set to drill some highly attractive targets in at the Disko nickel-copper project Greenland next year

BlueJay Mining PLC -
Bluejay has already proved up a significant ilmenite deposit at Dundas

Bluejay Mining PLC (LON:JAY) has defined seven further drill-ready targets at its Disko-Nuussuaq nickel-copper-cobalt-platinum group elements project in West Greenland.

The largest target is twelve kilometres long and approximately two kilometres wide.

It brings the number of defined drill-ready targets to twenty-eight, up from twenty-one in 2018.

What’s more, the company’s field work continues to demonstrate strong analogies in the project with the world's largest nickel district, Noril'sk-Talnakh in Siberia

Negotiations have now started with two drilling contractors regarding the most cost effective and efficient methods of drilling targets, and discussions have commenced with three significant parties about accelerating Disko development.

"Disko is really starting to take shape,” said Roderick McIllree, Bluejay’s chief executive.

“Once the partner selection phase of the programme is completed, then we ideally move towards drilling next year. We are fortunate in that this project has attracted very senior technical and academic specialists who have all agreed to work on Disko with us.  We are privileged to have this team in place.  It is my personal belief that all that stands between us and a globally significant discovery here is the act of drilling.  I look forward to updating shareholders as things continue to progress at this most promising of projects."

 

Quick facts: BlueJay Mining PLC

Price: 5.64 GBX

AIM:JAY
Market: AIM
Market Cap: £54.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of BlueJay Mining PLC named herein, including the promotion by the Company of BlueJay Mining PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: CentralNic sees 95% increase in 2019 revenues and earnings

Headlines from the Proactive UK newsroom. Domain name specialist CentralNic (LON:CNIC) saw revenues and earnings both jump by 95% in 2019. Turnover was in line with market forecasts but underlying earnings beat them slightly. BlueJay Mining’s (LON:JAY) environmental application for the...

3 weeks, 2 days ago

2 min read