Bluejay Mining Explores Potential Natural Hydrogen Deposits in Finland's Outokumpu Region
Key Ideas
- Bluejay Mining has started an exploration program in Finland's Outokumpu region to evaluate potential deposits of natural hydrogen, helium, and lithium.
- Gas sampling from a deep drillhole in the area revealed high concentrations of hydrogen, helium, and lithium, with up to 46% hydrogen recorded in gas samples.
- The company aims to conduct low-cost work programs, review historical data, and further evaluate the deposits to fast-track gas assessment and potentially unlock substantial value for shareholders.
- Preliminary indications of industrial gases in the Outokumpu Belt are considered very encouraging by Bluejay Mining, presenting a significant opportunity for the company.
London-based Bluejay Mining has begun an exploration program in Finland's Outokumpu region to assess the potential deposits of natural hydrogen. The company announced the discovery of high concentrations of natural hydrogen, helium, and lithium in the area, with gas sampling from a deep drillhole returning up to 46% hydrogen in gas samples. Further analysis also revealed concentrations of up to 5.6% helium and up to 5.03% lithium. Bluejay Mining plans to conduct low-cost work programs to evaluate the deposits thoroughly. This involves reviewing historical data from existing boreholes to expedite gas assessment over the company's licensing area. The firm will also carry out additional sampling and testing to measure gas concentrations in the drill holes. Eric Sondergaard, the managing director of Bluejay Mining, expressed optimism about the preliminary findings, highlighting the significant opportunity for shareholders in the Outokumpu Belt's natural gases. He emphasized the importance of the extensive historical data available and pre-existing deep drillholes for potentially unlocking substantial value without dilution. Bluejay Mining compared the geological characteristics of the Outokumpu region to the Lorraine region in France, known for holding the world's largest natural hydrogen deposit. The company's positive sentiment and strategic approach indicate a promising outlook for leveraging the natural resources in the area.