VANCOUVER - Blue Moon Metals Inc. (TSX-V: MOON) (OTCQB: BMOOF) (the 'Company') is pleased to report on the results of last Fall's exploration program at its property, a polymetallic project containing zinc, silver, gold, and copper located in Mariposa County, California.
Two key outcomes of the 2021 program are: The discovery of an additional massive sulphide zone located west of the current resource, referred to as the South Zone, which remains open to the south and up dip; Extension of the American Eagle Zone from surface to a depth of over 700 metres.
Patrick McGrath, Chief Executive Officer, stated, 'We are excited to announce the discovery of a promising new lens. We believe that this new lens has excellent potential to significantly increase our resource base and holds great promise for more massive sulphide lenses to be found south of our newly discovered South Zone. Our priority will be to continue to delineate the South Zone discovery with additional drilling. The American Eagle hole shows above cut-off grades in this zone not only extends to the surface, but also is traceable down plunge for over 700 metres. The South Zone and American Eagle Zone have the potential to add additional ore bodies and the Company could mine ore from multiple shafts.'
South Zone (New Discovery)
The newly discovered South Zone was made testing a geophysics conductor target, located west of the three previously discovered mineral zones and south of the American Eagle workings. This new Zone was discovered deep and lateral to the previous mineral system. The Zinc Sulfide (Sphalerite) encountered in this new discovery has sphalerite of a different hue from the other zones which may indicate a separate emplacement pulse with slightly different timing. The mineralization cut in BM21-83 consists of bands and massive intervals of sphalerite along with blebs of other sulphides including pyrite, chalcopyrite and galena. Additional drilling is required to define the full extent and grade of this new massive sulphide lens. The mineralization cut in BM21-83 is similar to that found at the margins of other massive sulphide lens on the property and the Company believes BM21-83 could be at the northern edge of this new massive sulphide lens.
About Blue Moon Metals
Blue Moon Metals (TSX.V: MOON)(OTCQB: BMOOF) is currently advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructures including paved highways three miles from site; a hydroelectric power generation facility a few miles from site, three-hour drive to the Oakland port and a four-hour drive to service centre of Reno. The deposit is open at depth and along strike. The Blue Moon 43-101 Mineral Resource includes 7.8 million inferred tons 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. The 43-101 Mineral Resource report dated November 14, 2018 was authored by Gary Giroux, P. Eng., and Lawrence O'Connor, a QP, and entitled 'Resource Estimate for the Blue Moon Massive Sulphide Occurrence'. The 43-101 and related press release with details on the resource are available on the company's website and were filed on www.sedar.com on November 20, 2018. The Company also holds 100% of the Yava polymetallic project in Nunavut that is in the same volcanic lithologies and south of Glencore's Hackett River deposit.
Contact:
Patrick McGrath
Tel: +1-832-499-6009
Email: pmcgrath@bluemoonmining.com
Resource estimates included in this news release are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions set forth in the relevant technical report and otherwise, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for commodities, the results of future exploration, uncertainties related to the ability to obtain necessary permits, licenses and titles, changes in government policies regarding mining, continued availability of capital and financing, drilling results and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
BLUE MOON METALS INC. 