Blue Moon Completes 2021 Drill Program; Zinc Added to US Critical Minerals List

Rhea-AI Summary

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.

Positive

• Completion of 2021 drill program targeting new sulphide lenses.
• USGS recognition of zinc as a critical mineral underlines market demand.
• Existing 43-101 Mineral Resource shows significant inferred resources with potential for development.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 17, 2021 / Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the "Company") is pleased to report the completion of the 2021 drill program at its property, the polymetallic Blue Moon project located in the United States containing zinc, silver, gold, and copper. The drill program consisted of 4 step-out holes totalling 5,873 feet (1,790 metres). The drill program tested a number of high impact targets including the potential for new massive sulphide lens to the south of the Blue Moon deposit. Drill core samples have been submitted to ALS Chemex in Reno, Nevada for assay.

The Company is also excited to report the United States Geological Survey (USGS) is adding zinc to its Critical Minerals List. In being added to the list, the USGS determined that zinc is critical to the well-being of the United States economy coupled with very few new domestic zinc development projects. The Blue Moon project is located in the United States and was a past zinc producer.

"We wish to thank our exploration team for completing the 2021 drill program and eagerly await the assay results. The 2021 program focused on exploring for new sulphide lens and we are particularly excited about hole-83 as this is appears to be a new sulphide lens separate from the Blue Moon deposit (see News Release dated November 8, 2021)." Stated Patrick McGrath, Chief Executive Officer "The addition of zinc to the USGS Critical Metals List also highlights the United States domestic zinc supply will be critical for a sustainable infrastructure plan and the Blue Moon project in the United States is in a great position to contribute to that plan."

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. More information is available on the company's website (www.bluemoonmetals.com).

Qualified Persons

John McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.

For more information please contact:
Patrick McGrath, CEO
+1-832-499-6009
pmcgrath@bluemoonmining.com

Kevin Shum
Investor Relations
+1-647-725-3888 ext702
kevin@jeminicapital.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

SOURCE: Blue Moon Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/678211/Blue-Moon-Completes-2021-Drill-Program-Zinc-Added-to-US-Critical-Minerals-List

FAQ

What is the outcome of Blue Moon Metals' recent drill program?

Blue Moon Metals has completed its 2021 drill program consisting of 5,873 feet of drilling, aimed at exploring for new sulphide lenses.

How has zinc's status changed according to the US Geological Survey?

The US Geological Survey has added zinc to its Critical Minerals List, indicating its importance to the U.S. economy.

What are the key resources reported by Blue Moon Metals?

The Blue Moon project holds a 43-101 Mineral Resource with 7.8 million inferred tons at 8.07% zinc equivalent.

What is the significance of the Blue Moon project in the context of U.S. infrastructure?

The Blue Moon project is positioned to contribute to U.S. infrastructure due to the critical need for zinc as identified by the USGS.