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Bluejay Mining Plc
Summary
| Project: | Dundas | |
|---|---|---|
| Deposit: | Dundas | |
| Location: | Greenland | |
| Commodities: | Ilmenite | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2019: Bluejay Mining Plc announces a Resource Estimation report for its Dundas deposit at the Dundas project. Resource update plus offshore Exploration Target. Bluejay Mining plc, an AIM and FSE listed company with projects in Greenland and Finland, | |
| Resources: | (Resource, I+I): 117.3Mt @ 6.1% ilmenite in-situ | |
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Bluejay Mining plc, an AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce a significant resource increase, which includes a maiden Exploration Target for the offshore region within its licence area at Dundas Ilmenite Project (‘Dundas’ or the ‘Project’). The 2018 onshore drill results recorded at Dundas’ Iterlak East and Iterlak West project areas have resulted in an updated Mineral Resource of 117Mt containing 6.1% ilmenite in situ (the ‘Resource’). This estimate has been derived and reported by SRK Exploration Services Ltd (‘SRK’). The Resource, reported at a 0% cut-off grade and in accordance with the JORC Code (2012), has been delivered from sampling of consistent and homogenous material with highgrade and high-quality ilmenite from the onshore raised beaches at the Iterlak East and West deposits. This updated Mineral Resource estimate replaces the Mineral Resource announced in the RNS dated 17 December 2018 and positively enhances the Project economics. RSC Global Pty Ltd (‘RSC’) has determined a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite insitu. This has been evaluated through a work programme involving marine seismic, bathymetry, as well as active and drowned beach sampling. This target has been presented as an Exploration Target in accordance with the JORC Code (2012), and the Competent Person takes responsibility for the form and the context in which the Exploration Target appears in this report. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource, therefore it is uncertain if further exploration will result in the estimation of a Mineral Resource. | |
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