Blue Moon Metals Inc. (TSXV: MOON; FRA: 8SX0) plans to use this year's drilling season in California to expand resources at its advanced VMS "Blue Moon" project and find additional mineralized zones not yet known. Initially, 3-4 step-out drill holes totaling 2,400 meters are planned. These drill holes will test a number of promising targets marked on the longitudinal section below.
Figure 1: Longitudinal section through the Blue Moon deposit in California. The locations marked with a red star are the zones that will be tested for the first time by drill holes in September.
Patrick McGrath, Chief Executive Officer, said, "We are pleased to announce the resumption of drilling for resource expansion and high-impact exploration targets in search of new VMS lenses. Since the successful program in early 2020, we have devoted significant resources to reviewing historical data and have identified several exploration and development wells, all of which could dramatically change the potential size of the Blue Moon deposit."
It is well known that VMS deposits occur in clusters, so there is a high probability of finding additional massive sulfide lenses in addition to the known deposits. Blue Moon released its latest 43-101 standard inferred mineral resource three years ago (on November 14, 2018). The resource to date includes 10 million ounces of silver, 771 million pounds of zinc, 71 million pounds of copper and 300,000 ounces of gold.
A comprehensive review of historical and current drill data identified several priority drill targets with the potential for both new lenses and expansion of current lenses.
About Blue Moon Metals
Blue Moon Metals (TSX.V: MOON; OTCQB: BMOOF) is advancing the eponymous Blue Moon polymetallic deposit containing zinc, gold, silver and copper. The property is well located with existing local infrastructure, including paved highways three miles away, a hydroelectric facility a few miles away, a three-hour drive to the Port of Oakland and a four-hour drive to the Reno service center. The deposit is open at depth and along strike. The Blue Moon 43-101 mineral resource comprises 7.8 million inferred tonnes at 8.07% zinc equivalent (4.95% zinc, 0.04 oz/t gold, 0.46% copper, 1.33 oz/t silver) containing 771 million pounds of zinc, 300,000 ounces of gold, 71 million pounds of copper and 10 million ounces of silver.
According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Blue Moon Metals and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Blue Moon Metals and GOLDINVEST Consulting GmbH, which means that there is a conflict of interest, especially since Blue Moon Metals remunerates GOLDINVEST Consulting GmbH for reporting on Blue Moon Metals.