Greenland focused Bluejay Mining plc (AIM: JAY) has been awarded a new mineral exploration licence surrounding the company’s existing Kangerluarsuk zinc-lead-silver Project.
The company saidmit intends to commence a maiden drill programme at the Project later this year, representing the first drill testing ever conducted at Kangerluarsuk, alongside additional exploration activity as part of its 2020 field season.
The new 586 sq. km mineral exploration Licence expands the company’s Kangerluarsuk by more than five-fold to 692 sq. km
Roderick McIllree, CEO of Bluejay Mining Plc, said the licence increase incorporates some of the most prospective ground for undiscovered zinc-lead-silver-copper deposits.
He said the company will kick-off the first phase reconnaissance and sampling programme of new Licence area to commence in northern summer 2020, while a ground gravity survey is planned early in the 2020 field season to further refine drill targets.
Mr McIllree said new mapping highlights the presence of previously unrecognised and laterally continuous exposures of Qaarsukassak Formation (host rock to all known mineralisation at Kangerluarsuk; considered to correlate with the Mârmorilik Formation to the south that hosts the former Black Angel zinc-lead-silver mine) up to 40 m thick, within Bluejay’s licence areas.
Historic sampling by Rio Tinto Zinc underpins the resource potential – including up to one metre at 41.1% Zn, 0.4 meters at 45.4% Zn and grab samples up to 9.3% Pb, 1.2% Cu and 596 g/t Ag
“We are delighted to have been granted this new Licence area at Kangerluarsuk,” Mr McIllree said.
“Our decision to increase our land holding by over five-fold is testament to our confidence in the Licence’s prospectivity. With this in mind we are excited to commence our 2020 field season.
“This includes a relatively low-cost maiden drilling campaign (subject to MLSA approval) which will target known zinc, silver, lead, silver and copper occurrences that have correlations with the neighbouring former Black Angel zinc-lead-silver mine.”
The Kangerluarsuk Zn-Pb-Ag project is located within the Karrat Group, a major Palaeoproterozoic sedimentary basin with abundant Zn-Pb-Ag (± Cu) showings. The Karrat Group hosts the former Black Angel Zn-Pb-Ag mine which produced 11 million tonnes at 12.6% Zn, 4.1% Pb and 29 g/t Ag during operation by Cominco (1973-1986) and later Boliden (1986-1990).
The mine is situated only 10 km south of Bluejay’s new licence area.
Mr McIllree said the company’s existing 106 sq. km exploration licence (MEL 2011/31) at Kangerluarsuk is acknowledged by the Geological Survey of Denmark and Greenland (‘GEUS’) as the strongest cluster of stream sediment zinc anomalies in Greenland.
Bluejay’s new licence area has also yielded anomalous Zn, Pb, Cu, Ag and elevated pathfinder elements (Cd, As, Cs) in historic stream sediments and heavy mineral concentrates (‘HMC’) indicating the potential for polymetallic mineralisation here.
ertake surface exploration within the new Licence to include steam sediment, scree sediment and HMC sampling, along with prospecting for outcropping mineralisation and/or prospective host lithologies.