Business
Enonkoski JV & Exploration agreed with Rio Tinto
Enonkoski JV & Exploration agreed with Rio Tinto.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7752L\n Bluejay Mining PLC\n 15 January 2021\n \n \n \n \n Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n \n \n 15 January 2021\n \n \n Bluejay Mining plc\n \n \n ('Bluejay' or the 'Company') \n \n \n Link to view the announcement in full including all figures:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/7752L_1-2021-1-14.pdf\n \n \n \n Enonkoski Project Joint-Venture Agreed and \n \n \n Commencement of Exploration Programme with Rio Tinto\n \n \n \n \n \n \n \n \n Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce that it has been notified by Rio Tinto Mining and Exploration Ltd ('Rio Tinto'), that the remaining conditions have now been satisfied for the commencement of the Enonkoski Project joint-venture and earn-in agreement, announced 10 November 2020. The Company received Rio Tinto's notification of satisfaction for the joint-venture and earn-in agreement on 8 January 2021. \n \n \n \n \n \n Additionally, the Fieldwork Programme ('Field Programme' or the 'Programme') at its Enonkoski nickel-copper-cobalt-platinum group elements ('Ni-Cu-Co-PGE') Project in Finland, as part of the joint-venture & earn-in agreement with Rio Tinto, has now commenced. \n \n \n \n \n \n Field Programme Highlights\n \n \n · \n Commenced relogging and reassaying of historical diamond drill core at the Geological Survey of Finland's core archive \n \n \n · \n Tromino data acquisition complete via two surveys - awaiting data interpretation \n \n \n · \n Commenced detailed ground magnetic surveys of two near-mine areas, Tevanjoki and Laukunsuo\n \n \n · \n All exploration activities are being conducted with strict COVID-19 protocols in place\n \n \n \n \n \n \n Thomas Levin, COO of FinnAust, said:\n \n \n \"I am delighted to inform the market that we have received confirmation that the remaining conditions for the commencement of the joint-venture agreement with Rio Tinto have been met. As much of the due diligence work was completed prior to signing of the JV agreement, I am pleased to see that we have together been able to quickly move forward with the near-mine geophysical surveys and other data acquisitions all aiming to fur...