Business
Exploration Licence awarded at Kangerluarsuk
Exploration Licence awarded at Kangerluarsuk.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 9198A Bluejay Mining PLC 27 January 2020 \n\nTo view the announcement with the illustrative maps and diagrams please use the following link:\nhttp://www.rns-pdf.londonstockexchange.com/rns/9198A_1-2020-1-24.pdf\n \nBluejay Mining plc / EPIC: JAY / Market: AIM & FSE / Sector: Mining\n27 January 2020\nBluejay Mining Plc ('Bluejay' or the 'Company')\n \nExploration Licence awarded at the Kangerluarsuk zinc-lead-silver Project, Greenland\nahead of maiden drill programme\n \nBluejay Mining plc, an AIM and FSE listed Greenland focused company, is pleased to announce that it has been awarded a new mineral exploration licence ('Exploration Licence' or the 'Licence') surrounding the Company's existing Kangerluarsuk zinc-lead-silver Project ('Kangerluarsuk' or the 'Project') in central west Greenland. The Company intends to commence a maiden drill programme at the Project later this year, representing the first drill testing ever conducted at Kangerluarsuk, alongside additional exploration activity as part of its 2020 field season. \n \nHighlights:\n· New 586km2 mineral Exploration Licence expands Kangerluarsuk by more than five-fold to 692km2 \n· Licence increase incorporates some of the most prospective ground for undiscovered zinc-lead-silver-copper deposits\n· First phase reconnaissance and sampling programme of new Licence area to commence in summer 2020 \n· Maiden drill programme to be undertaken in summer 2020 at existing and historically undrilled Kangerluarsuk Licence area; \no Ground gravity survey planned early in 2020 field season to further refine drill targets\no New mapping highlights the presence of previously unrecognised and laterally continuous exposures of Qaarsukassak Formation (host rock to all known mineralisation at Kangerluarsuk; considered to correlate with the Mârmorilik Formation to the south that hosts the former Black Angel zinc-lead-silver mine) up to 40 m thick, within Bluejay's licence areas\no Historic sampling by Rio Tinto Zinc underpins the resource potential - including up to 1 metre at 41.1% Zn, 0.4 meters at 45.4% Zn and grab samples up to 9.3% Pb, 1.2% Cu and 596 g/t Ag\n \nRoderick McIllree, CEO of Bluejay Mining Plc said, \"We are delighted to have be...