Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to provide an update on exploration and development work currently underway at its flagship Pituffik Titanium Project in Greenland (‘Pituffik’ or the ‘Project’).
Furthermore, the Company is pleased to confirm that exploration work at the Company’s Disko-Nuussuaq Magmatic Massive Sulphide Nickel-Copper-Platinum Project (‘Disko’) in south-west Greenland is on-track to commence in Q4 2017.
Drilling nearing completion:
· All sonic drill holes outside of existing resource area completed see (Figures 1 & 2)
· A further 50 sonic holes now planned within the existing Pituffik resource area
· Auger drilling is underway at Itelak, which represents the largest target on the licence area, as well as a recently discovered super high-grade deposit to the east where initial sampling shows that extensive areas of up to 80% ilmenite in-situ exists in large quantities (Figure 3)
· High grade ilmenite observed in all holes to date with some holes returning exceptional high-grade results from top to bottom (Figure 4)
· New resource calculation is expected to potentially increase the current resource of 23.6Mt at 8.8% ilmenite
Bulk sample complete:
· Initial first batch of 250 tonne ilmenite rich run-of-mine (‘ROM’) material shipped, second batch of 250 being prepared for shipping
· Additional material is also being shipped to finalise metallurgical test work at the Company’s pilot plant located at IHC Robbins (subsidiary of Royal IHC) in Queensland, Australia
· Additional batch of 250 tonne of ROM material prepared for further customer acceptance process
· Recovery of ilmenite rich sediment has exceeded expectations and stockpiling of the sorted material has now commenced
· Stockpiling of high grade material has now commenced to fast track commencement of mining during 2018
· Stockpiling of ROM will continue until the end of Q3 2017
GEUS Bathymetry survey complete:
· Covered an area of ±90km2 in total in two phases
· Detailed regional off-shore survey identified and surveyed – according to Danish Maritime Law, bulk carrier capable shipping channels and fixed-point moorage are possible along the Pituffik coastline
· Detailed nearshore survey results indicate potential for bulk carrier access to near shore as well as the ability to emplace ship loading facilities. These results will feed into the feasibility assessment and trade off studies in preparation for lodging the exploitation application
Orbicon baseline sampling programme complete:
· Results of sampling programme will be included in final parts of the Environmental Impact Assessment (EIA) scheduled for completion during Q4 2017
· Submission of Exploitation Licence continues on schedule
SRK Exploration Services Limited and SRK Consulting (UK) Ltd site visit complete:
· Geotechnical work programme to determine optimal infrastructure design parameters underway
· Includes mapping, test pitting, bulking factor tests and hydrogeological measurements
· QA/QC process for future resource work completed
Disko Electromagnetic Survey (‘EM’):
· Southern Geoscience will commence the EM survey sequenced to optimise costs on Disko in early Q4 2017, using equipment that has been demobilised from Pituffik. The survey is expected to be completed by the end of Q4 2017.
Bluejay CEO Roderick McIllree said,
“H1 2017 was focussed on planning our 2017 work programme at Pituffik and I am pleased to report that H2 2017 is focussed on delivering the results. We have made critical progress in proving the significant and unique commercial potential of our quality ilmenite product and process design. We will update shareholders on these metallurgical breakthroughs in the coming weeks, however the results received to date give us confidence we can commercially produce an in-demand, high quality ilmenite product.
“The current work programme has exceeded our expectations on all levels, both in terms of timing and results, so we are now undertaking additional work programmes to further advance our assets towards production. We will also shortly advise on development plans for Disko Exploration, which whilst not our priority focus, offers significant upside value as the asset has shown potential to host mineralisation similar to the world’s largest nickel/copper sulphide mine – Norilsk-Talnakh. With multiple work programmes currently underway I look forward to updating shareholders accordingly.”
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