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Bluejay Mining Plc
Summary
| Project: | Dundas | |
|---|---|---|
| Deposit: | Dundas | |
| Location: | Greenland | |
| Commodities: | Ilmenite | |
| Date: | 4/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-4-2018: Bluejay Mining Plc announces a Resource Estimation report for its Dundas deposit at the Dundas project. Upgraded resource estimate at Dundas project. Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is | |
| Resources: | (Resource, I+I): 96.0Mt @ 25.7% Total heavy minerals, 3.3% TiO2 | |
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is delighted to publish an updated JORC compliant Mineral Resource Estimate and significant resource upgrade for the Dundas Ilmenite Project (‘Dundas’ or ‘the Project’) in Greenland, which reaffirms Dundas as the highest-grade mineral sand ilmenite project globally whilst highlighting the Project’s significant commercial and strategic value. The updated Mineral Resource Estimate has been prepared by SRK Exploration Services Limited (‘SRK’). Bluejay CEO Roderick McIllree said: “We are delighted with this result, a lot of hard work by a lot of people has gone into this upgrade confirming Dundas’s place amongst other major global ilmenite deposits. We expect that the natural advantages of a homogenous material new high grade indicated resource to pin an operation around and a very interesting set of very high grade targets to the East around Iterlak which is the main feeder zone will help the project economics in the long term. Coupled with the fact that this material is recognised by industry majors as being suitable for sulphate pigment and both sulphate slag and chloride slag production means we are well placed to make some big strides in the short term. “These results matched our best internal expectations of size and grade for the indicated resources at Moriusaq, the surprise of 2017 was the realisation that Iterlak, where mineralisation is found in raised beaches and the delta, appears to host similar sized zones with much higher grades (2017 result from Iterlak was 77% ilmenite in situ on the raised beach) which says to me that if things continue as they did during 2017 Dundas could quickly become unique amongst all known deposits. | |
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