Bluejay Mining PLC (LON:JAY) has been awarded a new mineral exploration licence surrounding the company's existing Kangerluarsuk zinc-lead-silver project in central west Greenland.
Bluejay intends to commence a maiden drill programme at the project later this year.
The new licence covers 586 square kilometres and expands Kangerluarsuk more than five-fold to 692 square kilometres.
Historic sampling by Rio Tinto Zinc on the new ground returned up to one metre at 41.1% zinc, 0.4 meters at 45.4% zinc and grab samples up to 9.3% lead, 1.2% copper and 596 grams per tonne silver.
"We are delighted to have been granted this new licence area at Kangerluarsuk,” said Roderick McIllree, chief executive of Bluejay Mining PLC.
“Our decision to increase our land holding by over five-fold is testament to our confidence in the licence's prospectivity. With this in mind we are excited to commence our 2020 field season. This includes a relatively low-cost maiden drilling campaign which will target known zinc, silver, lead, silver and copper occurrences that have correlations with the neighbouring former Black Angel zinc-lead-silver mine,” he added.