Bluejay and Rio Tinto start drilling in Finland
(Kitco News) - Bluejay Mining (JAY.L), an exploration and development company with projects in Greenland and Finland, announced today that the maiden drill and field programme at the Enonkoski nickel-copper-cobalt project in eastern Finland, has now commenced with the company's joint venture partner Rio Tinto Mining and Exploration.
According to the company’s statement, the 3,000 metre drilling programme targeting mineralisation in the Tevanjoki and Laukunsuo areas within Enonkoski will be followed by a period of analysis to be carried out by the JV partners. Drilling completion will be followed by additional exploration activities within the Enonkoski Ni-Cu-Co Project area planned for the summer and autumn of 2021.
Bluejay holds three large scale project areas in East Finland - the Enonkoski Ni-Cu-Co project, the Hammaslahti Cu-Zn-Au-Ag project, and the Outokumpu Cu-Co-Zn-Ni-Au-Ag project. Bluejay recently signed a US$20 million joint-venture and earn-in agreement with Rio Tinto for the Enonkoski Ni-Cu-Co project, announced 10 November 2020.
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With projects in Greenland and Finland, its most advanced project is the Dundas ilmenite project in Greenland, which is being developed towards production in the near term.