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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."

 

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Price: 10.04 GBX

AIM:JAY
Market: AIM
Market Cap: £85.84 m
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