Make Kitco Your Homepage

Bluejay and Rio Tinto start drilling in Finland

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.