Awarded Prospector and Developer of the Year

RNS Number : 8081G

Bluejay Mining PLC

06 March 2018

 

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

6 March 2018

Bluejay Mining plc ('Bluejay' or the 'Company')  

Awarded Prospector and Developer of the Year for 2017 by the Government of Greenland

Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that it has been awarded "Prospector and Developer of the Year 2017" by the Government of Greenland.  This award is given to companies or individuals who have demonstrated initiative and innovation within Greenland's mineral industry, robust environmental practices and social responsibility as well as providing inspiration on how to successfully explore in Greenland.

The award win was announced at the Government of Greenland's Greenland Day reception at the PDAC 2018 convention.

Bluejay CEO Roderick McIllree said, "It's pleasing to have Dundas and our work recognised as an industry leader by the Government of Greenland.  This is a strong vote of confidence and support for the project as well as recognising the success we have had in the identification and rapid advancement of the Dundas Titanium Project.

"With a wider development portfolio, including the Disko-Nuussuaq Magmatic Massive Sulphide Nickel-Copper-Platinum project, as well being the largest licence holder in Finland which includes several historical mining operations we look forward to continuing our work throughout 2018. We will continue to work closely with the Greenlandic Government as we focus on developing Dundas as rapidly as possible whilst at the same time continuing to evaluate opportunities that arise for our wider portfolio."

**ENDS**

For further information please visit http://www.titanium.gl or contact:

Roderick McIllree	Bluejay Mining plc	[phone]
Ewan Leggat	SP Angel Corporate Finance LLP	[phone]
Soltan Tagiev	SP Angel Corporate Finance LLP	[phone]
Ingo Hofmaier	Hannam & Partners (Advisory) LLP	[phone]
Andrew Chubb	Hannam & Partners (Advisory) LLP	[phone]
Charlotte Page	St Brides Partners Ltd	[phone]
Megan Dennison	St Brides Partners Ltd	[phone]

Notes

Bluejay has a number of highly prospective licences at various stages of development in Greenland and Finland.  The Company is dual listed on the London AIM market and Frankfurt Stock Exchange.

The Company is currently focussed on advancing the Dundas Ilmenite Project in Greenland, an area that has only recently revealed its mineral potential following changes in the climate.   Dundas, which with an initial Inferred JORC resource of 23.6Mt at 8.8% ilmenite (in situ), including a high-grade zone equal to 7.9Mt at 14.2% ilmenite, and significant further upside, has been proven to be the highest-grade mineral sand ilmenite project globally.  

Dundas comprises three main target areas along an >40km coastline historically proven to contain large and high-grade accumulations of primary ilmenite occurring as placer deposits in the following environments:

·       Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 30km of coastline;

·       Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone; and

·       Drowned beaches; refers to the areas seaward of active beaches.

Whilst Dundas is the Company's primary focus, Bluejay also holds a portfolio of prospective assets that offer additional upside opportunity.  This includes the Disko Nickel, Copper, Cobalt & Platinum Project in West Greenland, which is held through the Company's 100% owned subsidiary Disko Exploration Limited. The project is of significant exploration interest to Bluejay due to its geological similarities to Norilsk-Talnakh, the world's largest nickel/copper sulphide mine in northern Russia ("Norilsk"). Both Disko and Norilsk contain nickel-copper-cobalt-platinum ('Ni-Cu-Co-PGE') rich Magmatic Massive Sulphides ("MMS"). 

Bluejay also holds a 100% interest in a portfolio of copper, zinc and nickel projects in Finland.  This multi-commodity portfolio remains a strategic asset of importance and has been restructured to be cost-sustainable whilst determining the best plan for future development.

 Qualified Persons

The information in this press release that relates to Mineral Resources is based on information compiled under the direction of Mr Roderick McIllree who is a Member of the Australasian Institute of Mining and Metallurgy.

Mr McIllree is a full-time employee of Bluejay Mining Plc and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code) and for the purposes of the AIM Rules. Mr McIllree has reviewed this press release and consents to the inclusion in the press release of the matters based on his information in the form and context in which this appears.

 

END

 

 

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