Bluejay Mining Plc ORD 0.01p (LON:JAY), the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that the Government of Greenland has renewed the exploration licence for its Disko-Nuussuaq Magmatic Massive Sulphide Nickel-Copper-Platinum Project (‘Disko’) in south-west Greenland, for a further five years to 31 December 2021.
Disko is one of two-advanced polymetallic projects in Greenland owned through the Company’s wholly owned subsidiary Disko Exploration Limited (‘Disko Exploration’). Disko-Nuussuaq is a flood basalt magmatic massive sulphide (‘MMS’) polymetallic occurrence of copper, nickel & platinum group elements (‘PGM’) in West Greenland. Disko has been the subject of exploration work for more than three decades with over US$50m of historical work programmes executed by Cominco who commenced exploration work in the 1980s, followed by Falconbridge in the 1990s, Vismand Exploration in the 2000s and more recently, Cairn Energy from 2012 until it was purchased by BlueJay in September 2016. All work continues to support the geological model of large-scale MMS segregation. A 28 tonne boulder of MMS (assayed 7% nickel, 3% copper and 2ppm PGE) taken from Disko sits in the foyer as the centrepiece of the Danish Geological museum in Copenhagen.
Bluejay Mining Plc ORD 0.01p is currently undertaking a complete data compilation, reprocessing and reinterpretation initiative at Disko. The Company is also looking at ways to maximise shareholder value on these Disko Exploration assets, which are currently subject to a 12-month expenditure holiday in Greenland.
