Bluejay Mining has announced that it has increased its land package for the Disko-Nuussuaq magmatic massive sulfide (MMS) nickel-copper-platinum project in south-west Greenland by an additional 1,616km2.
Bluejay Mining (LSE:JAY) has announced that it has increased its land package for the Disko-Nuussuaq magmatic massive sulfide (MMS) nickel-copper-platinum project in south-west Greenland by an additional 1,616km2.
The Project now comprises a total of 2,586km2.
According to the press release, a surface sampling programme in 2017 confirmed a working sulfide system at Disko with initial chemical assays in oxidized surface material returning 2.02 percent nickel, 0.8 percent copper, 0.2 percent cobalt. Handheld XRF sampling on fresh, polished material returned values averaging between 4.6-9.3percent nickel and 1.5-2.8 percent copper.
As quoted in the press release:
Chief executive officer of Bluejay, 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, which due to its close proximity makes implementing two development programmes very cost effective.”