LONDON - Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the approval of further exploration expenditure by the Company's joint venture ('JV') partner Rio Tinto Exploration Finland Oy at the Enonkoski nickel-copper-cobalt ('Ni-Cu-Co') Project in eastern Finland as part of the JV & earn-in agreement announced 10 November 2020.

Highlights of the 2022 planned field activities

Follow-up diamond drilling at targets drilled by the JV in 2021; followed by downhole electromagnetic surveys of selected drill holes.

A top of bedrock drilling programme focusing on new targets, but also including infill sampling at targets tested by top of bedrock sampling in 2021.

Geological mapping and sampling.

The work programmes will commence in Q2 2022.

In 2021, the Enonkoski JV diamond drilling focused on multiple near-mine areas northwest, west and southeast of the closed Laukunkangas Ni-Cu-Co mine. A top of bedrock ('ToB') drilling programme was ongoing simultaneously with the second phase of diamond drilling, as well as UAV 3-component magnetic surveys which were conducted at several sub-areas on the belt. The field activities were supported by extensive reference logging and sampling of historic drill core and a period of analysis carried out by the JV partners.

Based on drilling and assay results and the continuous evaluation of historic and new data from the entire belt, the exploration activities are being continued. The assay results from the drilling in 2021 and from the reference sampling of historic core highlight a zone of pyroxenite in close vicinity of a sulphide droplet zone identified by the Company in previous drilling southeast of the closed mine. Planning for the upcoming exploration programme is ongoing and preliminary plans include up-to 1,500 metres of diamond drilling, up-to 60 ToB drill holes, downhole electromagnetic surveys, geological mapping and sampling to be conducted in Q2 at several target areas on the belt. Final decisions on possible ground gravity surveys will be made based on drilling results.

Thomas Levin, COO of Bluejay subsidiary FinnAust Mining Finland Oy, commented: 'I am delighted to report that our exploration activities at the Enonkoski JV project in eastern Finland will continue shortly. The exploration programme is currently being finalised, but we are aiming to commence diamond drilling in May targeting mineralisation at near-mine target areas with the focus on follow-up drilling of the drill campaigns in 2021.

'We are highly encouraged by the quality of the bedrock drill core samples we received from the ToB sampling programme conducted last year, and we have decided to extend this programme to cover some new target areas, but also infill drilling will be conducted to cover additional parts of a large mafic intrusion in the central parts of the Enonkoski Belt. With the very high confidence in obtaining actual bedrock samples we consider the ToB drilling to be a highly effective and a very low environmental impact method to map the bedrock under till cover. The aim with the ToB method is to confirm the existence of mafic-ultramafic intrusions defined by geophysics but covered by till. In addition, we will also achieve a better understanding of the more ore potential parts of the intrusions and generate new diamond drilling targets for future exploration programmes.

'Detailed interpretation work completed on the assay results from 2021 and early 2022, including a geochemical intrusion ranking study of known mafic intrusions on the Enonkoski Belt, shows that our activities are focusing on high potential targets on this underexplored nickel-copper-cobalt belt. This continuous evaluation work greatly assists in prioritising our targets, and we look forward to updating the market again in due course on this exciting project.'

Contact:

Tel: +44 (0) 20 3470 0470

(C) 2022 Electronic News Publishing, source ENP Newswire