Strategic portfolio of polymetallic assets offers additional upside
Bluejay has three high-grade, multi-element base metal deposits in southern Finland, a country with a strong mining tradition particularly in commodities including Cu, Ni, Zn, Co, Cr, Fe, V. The projects are “cost sustainable” for the long term and the Company continues to assess the best ways in which to realise value.
The Hammaslahti Copper-Zinc Project is prospective for volcanogenic massive sulphide mineralisation and contains the historic Hammaslahti mine whose ROM was ±10Mt at an average grade of 1.16% copper, 1.55% zinc, 0.59 g/t gold and 5.2 g/t silver from 1973-86. Drilling has identified previously unknown extensions to the Hammaslahti mine mineralisation with multiple intersections of high-grade massive sulphides. Examples of this extensional mineralisation are 3.4m @ 11.5% copper and 3 ppm silver. Two main target areas have been identified for further exploration.
The Kelkka Nickel-Copper Project includes a previously producing nickel-copper mine, which reportedly produced 6.7Mt at an average grade of 0.8% of nickel between 1984 and 1994. Bluejay has confirmed extensions and repeats of high-grade nickel, copper and PGE mineralisation 2km south east of the old Enonkoski Mine; best historic drill intercepts include 15m @ 6.9% Ni, 2.0% of copper and 0.33% of cobalt.
Outokumpu Copper Project covers the majority of the north-south trending Outokumpu Copper Belt, which has produced several high-grade copper mines, including the world famous Outokumpu Copper mine which produced 57mt @ 3.1% Cu + polymetallic credits between 1908-1988. Six drill ready targets have been identified to date, which the Company views as having good potential for hosting high grade copper along strike from and immediately adjacent to the mine.