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Bluejay applies for additional licence near existing Greenland mine

The new area would expand its Kangerluarsuk zinc-lead-silver project by more than five-fold

BlueJay Mining PLC - Bluejay applies for additional licence near existing Greenland mine
A 6-hole maiden drill programme to test multiple high-grade targets is scheduled summer 2020,

Bluejay Mining PLC (LON:JAY) has applied for an additional licence to expand its Kangerluarsuk zinc-lead-silver project in Greenland by more than five-fold.

The new licence will add 586 sq km to the existing 106 sq km of the project, while the total area has returned historic surface samples of 41% zinc, 9.3% lead, 1.2% copper and 596 grammes per tonne of silver.

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

The AIM-listed firm will carry out a six-hole maiden drill programme to test multiple high-grade targets in summer 2020, in conjunction with the Disko nickel-copper-platinum-cobalt project.

It would be the first time the property is drill-tested, Bluejay said, with plans to reach depths between 350 and 1200 metres.

“This will provide synergies across both projects given their relatively close proximity, and the fact they will use the same equipment will provide significant savings across our logistics supply chain,” said chief executive Roderick McIllree.

“Kangerluarsuk has been our least talked about project to date, even though it too has significant resource potential.”

Quick facts: BlueJay Mining PLC

Price: 10.4 GBX

AIM:JAY
Market: AIM
Market Cap: £88.92 m
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