Bluejay Mining plc (LON:JAY), the AIM and FSE listed company with projects in Greenland and Finland, has today announced that it has further increased its land package for the Disko-Nuussuaq Magmatic Massive Sulphide (‘MMS’) Nickel-Copper-Platinum Project in south-west Greenland by an additional 1,616km2. The Project now comprises a total of 2,586km2. The area under license at Disko is now approximately the size of the country of Luxembourg and we have secured this additional acreage following positive results from recently completed internal studies.
Bluejay Mining PLC CEO Roderick McIllree said, “This increase in licence grant almost doubles our landholding at Disko, which has clear similarities to other great MMS systems of the world. We believe in the geological model defined by several majors before us and will work to unlock value here during 2018.
“We have several parties interested in partnering with us on this project and we will carefully evaluate these individually to determine the best way forward for shareholders. Work will focus on developing drill targets in the newly enlarged project and will run in parallel to our primary development work at the Dundas Ilmenite Project (“Dundas”), which due to its close proximity makes implementing two development programmes very cost effective.
“With production approaching at Dundas, and significant further upside from Disko, we have a valuable portfolio that strongly positions us for long term growth.”
