Business
Exploration Update, Greenland
Exploration Update, Greenland.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 6633E Bluejay Mining PLC 10 May 2017 \n\n \nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n10 May 2017\nBluejay Mining plc ('Bluejay' or the 'Company')\nExploration Update, Greenland\n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to provide an overview of its plans for the 2017 field season at the Pituffik Titanium Project in Greenland ('Pituffik'). Planning for season 2017 is nearing completion, with the relevant applications having been already lodged with the Mineral Licence and Safety Authority ('MLSA') in Greenland. Further details on the approvals process will be announced over the coming months. To view the press release with the illustrative maps and diagrams please use the following link:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/6633E_-2017-5-9.pdf \n \nPituffik has been independently proven to host the highest-grade mineral sand ilmenite project globally, and Bluejay, through its 100% owned Greenlandic domiciled subsidiary, Dundas Titanium A/S ('Dundas'), intends to fast-track the project into initial production in 2018. Accordingly, three primary work programmes are planned for the 2017 field season:\n \n1. Expansion and upgrade of the resources to be facilitated by both auger and sonic drilling\n· Pituffik currently has an Inferred resource of 23.6Mt at 8.8% ilmenite (in situ), which includes a high-grade zone equal to 7.9Mt at 14.2% ilmenite within an SRK Exploration Target of between 90Mt and 130Mt with an in-situ TiO2 grade of between 6.3% and 8.4% ilmenite. This resource comes from an area that represents only approximately 17% of the raised beach area at Moriusaq\n· Focus will be on increasing the total mineral inventory at the project to demonstrate the global significance of the project in terms of tonnage. Upside potential available via Interlak, the offshore terrace, as well as the additional 25km of raised beach which have not been included in the maiden mineral resource calculation\n· 400 drill holes have been planned with drilling to commence in July\n \n2. Proof-of-concept bulk sampling programme and production of geotechnical information for civil construc...