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New surveys at Bluejay Mining’s Disko-Nuussuaq project confirm prospectivity

Bluejay Mining is building a portfolio of highly attractive projects in Greenland

BlueJay Mining PLC -

Bluejay Mining PLC (LON:JAY) has released encouraging results from the first geochemical survey undertaken at the Disko-Nuussuaq polymetallic project in Greenland.

Disko is prospective for nickel, copper, cobalt, platinum group metals and gold.

Mobile metal ion survey and spatiotemporal geochemical hydrocarbon soil geochemical surveys at Disko identified multiple nickel and copper geochemical anomalies, further enforcing both new and pre-existing anomalies.

The spatiotemporal geochemical samples returned results for nickel and copper mineralisation that were consistent with the company's defined drill-targets at Disko.

A recent expansion to the licence has increased Bluejay's total land position at Disko-Nuussuaq to 2,897 square kilometres.

"These results are the first large scale systematic geochemical evidence of mineralising systems at Disko and further support the existence of metal bearing mineralising systems,” said Bluejay chief executive Roderick McIllree.

“We are extremely pleased with these developments. Significant successful geophysical and geotechnical analyses have been carried out before and since Bluejay acquired the Disko-Nuussuaq licences. However, being able to now add, for the first time, a geochemical overlay to our work significantly increases the confidence level as well as further refining exact drill site positioning. We expect to expand these successful methods across other prospective regions within our extensive licence holding.”

 

Quick facts: BlueJay Mining PLC

Price: 3.915 GBX

AIM:JAY
Market: AIM
Market Cap: £37.97 m
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