The Company is also dual listed on both the London AIM Market and Frankfurt Stock Exchange.
BlueJay Mining PLC is dedicated to bringing its Pituffik Titanium Project in Greenland into production; Pituffik is a very large source of low impurity ilmenite near the abandoned settlement of Moriusaq, in north west Greenland. The true scale of this deposit has only recently been understood following two intensive work programmes.
Boat supported vibracore drilling over the drowned beaches (<20m of water) during the 2016 field season has confirmed the existence of large volumes of ilmenite rich sediments. Also auger drilling over the raised beaches has also confirmed large volumes of ilmenite rich sediments.
Pituffik now comprises five main target areas along more than 80km of coastline now proven to contain large and high-grade accumulations of primary ilmenite as placer deposits.
Raised beaches; medium grade & medium tonnage targets of >20% ilmenite covering an area of more than 1km wide and 30km long;
Active beaches; the tidal and surf zone containing high grade, usually >50%, ilmenite that covers an area of more than 100m wide and 30km long.
Drowned beaches; sediments contained in the shallow marine environment that are high grade and high tonnage targets. These are more than 3km wide up to 27m thick in some places and 30km long.
Moriusaq Beach; Moriusaq Bay is a low-medium tonnage but ultra high grade 75% target.
Interlak delta deposits; the deltaic deposits of the Interlak river are ultra large tonnage at lower grades of around 15% ilmenite.
Working in Greenland extensively over the past 10 years, the BlueJay mining team has an excellent understanding of the resource opportunity that is on offer, the potential of which grows day by day as a result of environmental changes.
Pituffik is an ilmenite rich, black sands project that has been independently assessed by SRK exploration services to be in the top percentile of projects worldwide in terms of heavy mineral grade.
BlueJay’s strategy is to focus on advancing Pituffik towards production inclusive of a bulk sample during 2017.
More recently BlueJay announced the acquisition of Avannaa Exploration, a Greenlandic exploration company that owns two drill ready polymetallic targets. The Disko Magmatic Massive Sulphide (‘MMS’) nickel-copper-platinum project and Kangerluarsuk, a lead-zinc-silver project in Greenland, appear to have high-tonnage and high-grade base metal potential. These are rare geological characteristics not often seen in the minerals space. These multi-metal projects have been of interest to us for some time with major mining houses such as Falconbridge, Vismand & Capricorn Energy (a subsidiary of Cairn Energy PLC) having spent more than US$75 million on these projects over multiple campaigns spanning more than three decades. The company is now ideally placed with 100% or options to acquire 100% on three globally significant exploration assets in addition to the production potential Pituffik.
There is a long way to go, but the addition of these unique projects further consolidates our dominant position in Greenland’s emerging minerals sector.
Join us for the journey.