Bluejay Mining PLC Announces Follow Up Drilling Underway at Enonkoski

LONDON, UK / ACCESSWIRE / March, 28 2023 / Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and resource development company with projects in Greenland and Finland, is pleased to announce that a short follow-up drill programme has commenced at the Enonkoski Nickel-Copper-Cobalt ('Ni-Cu-Co') Project ('Enonkoski' or the 'Project') in eastern Finland as part of the Joint Venture ('JV') and earn-in agreement with Rio Tinto Exploration Finland Oy ('Rio Tinto') announced 10 November 2020.

The short follow-up diamond drilling programme at Enonkoski is planned to consist of a single drill hole with a planned depth of 400 metres ('m') at the Laukunlampi intrusion located approximately 1 kilometre ('km') south-east of the historic Laukunkangas Ni-Cu-Co mine. Two drill holes for a total of 951.1m were completed at the Laukunlampi target in January, followed by downhole electro-magnetic ('DHEM') and three component ('3C') magnetic surveys on both new drill holes, which were completed during February. For further details and analytical results refer to our earlier RNS dated 27 March 2023 (titled: "Encouraging drilling results from the Enonkoski Ni-Cu-Co Joint Venture Project with Rio Tinto").

Based upon the encouraging results from the diamond drilling programme in January and subsequent geological and geophysical modelling, the JV have decided to proceed with drill testing a high-priority drill target within the Laukunlampi intrusion whilst drill rig availability allows. The new hole (ENON0029) currently in progress, is collared 435m to the north-northwest of ENON0028 (Figure 2, Table 1). The objective of the current drill hole is to test the current geological model which indicates that the pyroxenitic units (the most favourable rock type within the Laukunlampi intrusion to host Ni-Cu-Co mineralisation) continue towards the north-west. In addition, the drill hole will test a NNW-SSE trending and NNW plunging magnetic anomaly that is coincident with an airborne electromagnetic ('EM') conductor that has not previously been drill tested. Very limited drilling has been conducted in the north and north-western parts of the Laukunlampi intrusion, in the direction of the Laukunkangas Ni-Cu-Co mine. The intrusion remains open in this direction. The increasing sulphide content and Nickel ('Ni') tenor encountered in the previously announced drill hole ENON0028 also support that drilling along strike to the northwest of this hole may lead to the discovery of sulphide droplet zones with higher Ni grades and ultimately to ore grade semi-massive to massive sulphides.