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Pituffik in Significant Ilmenite Area Study Proves
Pituffik in Significant Ilmenite Area Study Proves.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 7349F Bluejay Mining PLC 22 May 2017 \n\n \nBluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n22 May 2017\nBluejay Mining plc ('Bluejay' or the 'Company')\nSurvey Confirms that Pituffik Sits Within a Significant New Ilmenite Province\n \nBluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that a recent study undertaken by the Geological Survey of Denmark and Greenland ('GEUS') has confirmed that the region in which the Company's 100% owned Pituffik Titanium Project in Greenland ('Pituffik') is located, represents a very significant ilmenite province ('the Dundas Province').\n \nImportantly, the province level study, which covered an area of 300km x 150km, estimates that 10 billion tonnes of ilmenite exist in the original rock with up to 7 billion tonnes of mechanically eroded primary ilmenite made available for placer deposition within the project region. This potential volume of ilmenite is non-JORC but it does highlight that the province is potentially capable of hosting multiple ilmenite operations.\n \nPituffik contains the highest known proportion of this liberated ilmenite, both in terms of tonnes and grade, within the Dundas Province. This publication supports the Company's recently reported JORC compliant mineral resource estimate of 23.6Mt at 8.8% ilmenite (in-situ) at Pituffik, which sits within a larger 90Mt to 130Mt exploration target with an in situ in-situ grade of between 6.3% and 8.4% ilmenite (in-situ). The maiden resource and exploration target covers approximately 17% of the raised beach and does not include Interlak or the shallow marine areas. The proposed development will initially start on a high-grade zone of 7.9Mt at 14.2% ilmenite (in-situ). \n \nGEUS's study involved scrutinising and correlating regional field maps, satellite images and oblique images as well as the regional geology, in particular the relative distribution and volumes of sill and dyke rocks in the sedimentary formations. Petrographic and mineralogical investigations were used to establish the relationship between normative ilmenite content and the true fraction of ilmenite in the source rock.\n \nBluejay CEO Roderick McIllree said, \"The Dundas titanium province is a new concept in the ...