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Bluejay Mining Plc
Summary
| Project: | Pituffik | |
|---|---|---|
| Deposit: | Pituffik | |
| Location: | Greenland | |
| Commodities: | Ilmenite | |
| Date: | 4/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: Bluejay Mining Plc announces a Resource Estimation report for its Pituffik deposit at the Pituffik project. Initial mineral resource estimate for Pituffik + Exploration target for next field season. Bluejay Mining plc, the AIM and FSE listed co | |
| Resources: | (Resource, Inf.): 23.6Mt @ 8.8% Ilmenite at project | |
| 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 a Maiden Mineral Resource Estimate for the Pituffik Titanium Project (‘Pituffik’ or ‘the Project’) in Greenland, which confirms that it is the highest-grade mineral sand ilmenite project globally, with just ~17% of the raised beach area having been assessed for this resource calculation. Bluejay CEO Roderick McIllree said, “This is an important step towards commercialisation of Pituffik and the delivery of another stated objective. The maiden resource has exceeded even our expectations and represents an important step towards commercialising the Project. SRK has produced a Mineral Resource Estimate for the Moriusaq onshore raised beaches target that forms part of Bluejay’s exploration licence in Northwest Greenland (licence number 2015/08). This is the maiden Mineral Resource Estimate produced for the licence. The Mineral Resource Estimate report prepared by SRK will be made available during Q2 2017. SRK is of the opinion that there is a high probability that a proportion of this currently reported Inferred Mineral Resource can be upgraded to the Indicated category following additional exploration. In addition to the Mineral Resource Statement, SRK has derived an Exploration Target which is planned to be tested by the Company in the next field season. | |
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