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Results of 2022 airborne survey at Kangerluarsuk
Results of 2022 airborne survey at Kangerluarsuk.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \n \n \n Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining\n \n \n \n 07 February 2023\n \n \n \n Bluejay Mining plc ('Bluejay' or the 'Company')\n \n \n \n \n Positive results of 2022 airborne geophysical survey at Kangerluarsuk Zinc-Lead-Silver Project\n \n \n \n Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE-listed and OTCQB traded exploration and development company, is pleased to provide an update on the 100% owned Kangerluarsuk zinc-lead-silver project ('Kangerluarsuk' or the 'Project') in Central West Greenland.\n \n \n The Company received the fully processed data in Q4 2022 for the 587 line-kilometre ('km'), high-sensitivity fixed-wing FALCON® Airborne Gravity Gradiometer ('AGG'), magnetic and LIDAR survey flown by Xcalibur Multiphysics over Kangerluarsuk in September 2022 (see RNS dated\n \n 14 September 2022\n \n ). The resulting data has now been fully integrated with all existing electromagnetic, magnetic, geochemical, biogeochemical and geological data sets. This has allowed the Company to refine and upgrade confidence in its existing suite of drill-ready targets.\n \n \n \n Highlights\n \n \n \n ·\n Processing and interpretation of the data received from the state-of-the-art FALCON® AGG survey flown over Kangerluarsuk has now been completed.\n \n \n ·\n Bluejay's management believe that these positive findings from the 2022 exploration season have markedly enhanced its understanding of the geological model for the mineral system at Kangerluarsuk and commercially de-risked the opportunity to strongly justify further progression of the Project. The next stages of exploration can, if successfully concluded, drive significant shareholder value through the next phases of discovery.\n \n \n ·\n The results have allowed the Company to refine existing drill targets at Kangerluarsuk, as well as identify extensions to some of these anomalies. Positive gravity anomalies identified by the survey are coincident with conductive bodies recognised in earlier airborne electromagnetic surveys and are supported by several geochemical proxies.\n \n \n ·\n Any future programme will test multiple high priority combined geophysical and geochemical anomalies, targeting zinc - lead - silver ± copper (Zn-Pb-Ag ± Cu) deposits.\n \n \n ·\n Significantly, despite being located only 12km north of the historical Bl...