BLUE MOON METALS INC - BMOOF STOCK NEWS

Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF) has awarded Micon International the contract to complete a Preliminary Economic Assessment (PEA) for its 100% owned Blue Moon Project in central California. The project hosts the largest known polymetallic volcanogenic massive sulfide (VMS) deposit in the Foothills Massive Sulfide Belt, with an indicated resource of 3.51 MT grading 11.07% Zinc equivalent (ZnEq) and an inferred resource of 3.83 MT grading 10.71% ZnEq.

The PEA is set to commence immediately and is expected to be completed in Q1 2025. It will explore a preliminary ramp design for underground access, replacing the earlier shaft concept. The study will also assess the potential for additional saleable byproducts such as barite, gypsum, and pyrite concentrate. Blue Moon aims to fast-track the project's development, drawing parallels to Adriatic Metals plc's Vares deposit.

Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) has announced the sale of its Yava project in Nunavut to Honey Badger Silver Inc. (TSXV: TUF). The transaction involves Blue Moon receiving 4,250,000 common shares of Honey Badger, valued at approximately $340,000 (based on $0.08 per share). This represents about 6.5% of Honey Badger's total issued and outstanding shares.

The consideration is subject to a four-month hold period, and Blue Moon has agreed to a twelve-month lock-up period. CEO Patrick McGrath stated that the Yava project offers an exciting silver exploration opportunity, and Blue Moon will continue to participate in its future through its ownership in Honey Badger. The company plans to focus on developing its Blue Moon deposit in the United States and is evaluating next steps, including the possibility of commencing a Preliminary Economic Assessment.

Blue Moon Metals Inc. (OTCQB: BMOOF) reported significant results from its 2021 exploration program in Mariposa County, California. Notably, the discovery of a new massive sulphide zone, the South Zone, expands the resource potential. Additionally, the American Eagle Zone has been extended to over 700 meters in depth. CEO Patrick McGrath emphasizes the significance of these findings for future drilling. Assay results from drill holes BM21-83 and BM21-81 indicate promising mineralization, including zinc, copper, and silver. Further drilling is planned to delineate these zones.

Blue Moon Metals Inc. (OTCQB: BMOOF) announced an agreement with Think Ink Marketing to enhance public awareness of its Blue Moon project. The contract is month-to-month, with a budget of up to $10,000 monthly for marketing services like online ads. The Blue Moon polymetallic deposit, containing zinc, gold, silver, and copper, has an inferred resource of 7.8 million tons at 8.07% zinc equivalent. Located close to key infrastructures, the project is promising for future development.

Blue Moon Metals Inc. (TSX:MOON, OTCQB:BMOOF) announced the successful completion of its 2021 drill program at the Blue Moon project, encompassing 5,873 feet of drilling aimed at identifying new sulphide lens opportunities. The US Geological Survey has added zinc to its Critical Minerals List, highlighting its significance for the U.S. economy and infrastructure plans. The Blue Moon project hosts a 43-101 Mineral Resource with 7.8 million inferred tons at 8.07% zinc equivalent, translating to substantial zinc, gold, copper, and silver reserves.

Blue Moon Metals Inc. (TSXV:MOON, OTCQB:BMOOF) announced significant exploration progress at its Blue Moon project in British Columbia. The recently drilled hole BM-83 intersected over 100 feet of visible massive sulfide mineralization, potentially indicating a new massive sulfide lens. Additionally, hole BM-81 confirmed continuity of mineralization near historical workings. The Blue Moon deposit holds substantial inferred resources, including 7.8 million tons at 8.07% zinc equivalent. Further assay results are anticipated as exploration continues.

Blue Moon Metals Inc. (OTCQB: BMOOF) has initiated a drilling program aimed at exploring and expanding the Blue Moon polymetallic VMS deposit. The program will include 3-4 step-out holes totaling up to 2,400 meters. CEO Patrick McGrath expressed excitement about this exploration effort, which could significantly increase the deposit’s resource potential. The existing 43-101 Inferred Mineral Resource estimates include 10 million ounces of silver, 771 million pounds of zinc, 71 million pounds of copper, and 300,000 ounces of gold, with various high-impact drilling targets identified.

Blue Moon Metals (OTCQB: BMOOF) announced a drilling contract for its 2021 drill program on the Blue Moon VMS project in the US, starting in late August. This campaign aims to explore down dip extensions and test additional lenses. CEO Patrick McGrath highlighted that historical data analysis identified many exploration opportunities that may significantly enhance the deposit's potential size. The Blue Moon deposit contains approximately 7.8 million inferred tons at 8.07% zinc equivalent, containing substantial amounts of zinc, gold, copper, and silver.

Blue Moon Metals has successfully closed a $1,127,446 non-brokered private placement, securing funding for its upcoming drill program at the Blue Moon polymetallic VMS project in the United States. Each unit sold in the financing comprises one common share and a warrant to purchase shares at $0.12 for three years. The company's 43-101 Mineral Resource includes 7.8 million tons at 8.07% zinc equivalent, with substantial amounts of zinc, gold, copper, and silver. The shares are subject to a hold period expiring on October 31, 2021.