A dual-listed mining and exploration company, with projects in Finland and Greenland, has announced that it has significant expanded its mining licence.
Bluejay Mining announced this week that it has further increased its land package for its Disko-NuussuaqMagmatic Massive Suplhide Nickel Copper Platinum Project, located in south-west Greenland.
By adding an additional 1,616km2 to the project site, Disko now comprises of around 2,586km2 – which is in approximately the size of the country of Luxembourg.
Bluejay believes that there is potential at the project site to host mineralisation similar to the worlds largest nickel/copper sulphide mine (Norilsk-Talnakh).
With the expansion of the project site, Bluejay can now work towards an exploration project designed to prove the resource potential, with plans to announce a work programme expected later this year.
Due to its proximity to the company’s advanced stage Dundas ilmenite project, the highest-grade mineral sand ilmenite project globally, Bluejay feels that operating Disko simultaneously will realise cost efficiencies.
Bluejay 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.