Bluejay Mining Plc (BLLYF)

[Investors3]

Bluejay Mining PLC Announces First Exploration Programme of 2022 at Enonkoski

LONDON, UNITED KINGDOM / ACCESSWIRE / April 26, 2022 / 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 ('Rio Tinto') 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.

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