StockMarketWire.com - A new survey has confirmed that Bluejay Mining's Pituffik titanium project in Greenland sits within a significant new ilmenite province.

The study - which was carried out by the Geological Survey of Denmark and Greenland - involved scrutinising and correlating regional field maps, satellite images and oblique images as well as the regional geology, in particular the relative distribution and volumes of sill and dyke rocks in the sedimentary formations.

Petrographic and mineralogical investigations were used to establish the relationship between normative ilmenite content and the true fraction of ilmenite in the source rock.

Bluejay chief executive Roderick McIllree said: "The Dundas titanium province is a new concept in the raw materials community. Bluejay has tenure over the natural pathway to the development of this newly identified titanium province through Pituffik and has the first mover advantage in this exciting region.

"This area has now been demonstrated to host a combined total of up to 17 billion tonnes of pure ilmenite both in situ and available as naturally liberated primary ilmenite, with up to 700 million tonnes of ilmenite potentially occurring on the company 68 sq km licence area.

"Whilst these numbers are non-JORC, we are internally confident that the Dundas Province, which is analogous to the early stage identification of the west Pilbara iron ore province, will be seen for its true potential in the coming decades.

"The company is now focused on the 2017 work programme and production of the feasibility study required for exploitation.

"Additionally, we are currently in discussions with a potential off-take partner that will facilitate our move towards production in 2018."




At 9:29am: [LON:JAY] Bluejay Mining Plc Ord 0.01p share price was +0.75p at 14p



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