StockMarketWire.com - Bluejay Mining has completed its maiden 2017 field work programme at its 100% owned Disko nickel, copper, cobalt and platinum project in West Greenland.

It said that while the primary objective of the work programme was to identify drill targets, surface sampling had confirmed working sulphide system with initial chemical assays in oxidised surface material returning 2.02% Nickel, 0.8% Copper, 0.2% Cobalt.

Handheld XRF sampling on fresh, polished material returned values averaging between 4.6%-9.3% Nickel & 1.5 - 2.8% Copper.

The company said results from the 2017 exploration work together with historical data would continue to be assessed in the coming months to refine targets for future exploration work and standalone exploration programme was planned for 2018 to advance project understanding in its recently enlarged licence area, now comprising 970km.

Chief executive Roderick McIllree said: 'We have long held great optimism for Disko.

'The similarities between Disko and other great MMS systems of the world are striking.

'The identification of large weathered gossans in the field continues to exceed our expectations and the results received from this maiden 2017 work programme have greatly strengthened our understanding of this part of Greenland, giving us improved confidence in the Project's resource potential.

'Chemical assays of 2.02% Nickel, 0.8% Copper, 0.2% Cobalt returned from surface and much higher-grade material observed via handheld XRF, not to mention the extremely coarse crystals, all point to a long and slow baking process, which is a critical factor for large scale Ni-Cu-Co-PGE MMS segregation and accumulation.

'Accordingly, early identification of the geological structures and similarities with Norilsk appear to be justified.

'Our task now is to determine the best way forward; something we look forward to updating shareholders on in due course.

'Nonetheless, whilst we are excited about the opportunities Disko presents, I would like to assure shareholders that our primary focus, as always, remains firmly on our flagship Dundas ilmenite project."






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