Blue Moon Metals Initiates Preliminary Economic Assessment for the Blue Moon Project
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. (TSX-V: MOON, OTCQB: BMOOF) ha affidato a Micon International il contratto per completare una Valutazione Economica Preliminare (PEA) per il suo progetto Blue Moon, di cui possiede il 100% in California centrale. Il progetto ospita il più grande noto deposito volcanogenico di solfuri massivi policomponenti (VMS) nella Foothills Massive Sulfide Belt, con una risorsa indicata di 3,51 MT con un grado equivalente di Zinco (ZnEq) dell'11,07% e una risorsa inferita di 3,83 MT con un grado di 10,71% di ZnEq.
La PEA è prevista per iniziare immediatamente e dovrebbe concludersi nel primo trimestre del 2025. Essa esplorerà un design preliminare di accesso sotterraneo, sostituendo il concetto di pozzo precedentemente considerato. Lo studio valuterà anche il potenziale per ulteriori sottoprodotti vendibili come barite, gesso e concentrato di pirite. Blue Moon mira a velocizzare lo sviluppo del progetto, tracciando paralleli con il deposito Vares di Adriatic Metals plc.
Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF) ha otorgado a Micon International el contrato para completar una Evaluación Económica Preliminar (PEA) para su proyecto Blue Moon, que es 100% de propiedad, en el centro de California. El proyecto alberga el depósito de sulfuro masivo polimetálico volcanogénico (VMS) conocido más grande en el Cinturón de Sulfuros Masivos de Foothills, con un recurso indicado de 3.51 MT con una ley equivalente de Zinc (ZnEq) del 11.07% y un recurso inferido de 3.83 MT con una ley de 10.71% de ZnEq.
La PEA está programada para comenzar de inmediato y se espera que se complete en el primer trimestre de 2025. Explorará un diseño preliminar de rampa para acceso subterráneo, reemplazando el concepto de pozo anterior. El estudio también evaluará el potencial de subproductos adicionales comercializables como barita, yeso y concentrado de pirita. Blue Moon pretende acelerar el desarrollo del proyecto, haciendo paralelismos con el depósito Vares de Adriatic Metals plc.
Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF)는 캘리포니아 중부에 있는 100% 소유의 Blue Moon 프로젝트에 대한 예비 경제성 평가(PEA)를 완료하기 위해 Micon International에 계약을 체결했습니다. 이 프로젝트는 Foothills Massive Sulfide Belt에서 가장 잘 알려진 다금속 화산성 대규모 황화물(VMS) 매장지를 보유하고 있으며, 지시 자원 3.51 MT, 아연 동등 등급(ZnEq) 11.07% 및 추정 자원 3.83 MT, ZnEq 등급 10.71%를 보유하고 있습니다.
PEA는 즉시 시작되며, 2025년 1분기에 완료될 것으로 예상됩니다. 이는 기존의 수직 갱 개념을 대체하는 지하 접근을 위한 초기 경사 설계를 탐색할 것입니다. 이 연구는 또한 바리트, 석고, 황철광 농축물과 같은 추가 판매 가능한 부산물의 잠재력을 평가할 것입니다. Blue Moon은 Adriatic Metals plc의 Vares 매장과 유사성을 토대로 프로젝트 개발을 신속히 진행할 계획입니다.
Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF) a attribué à Micon International le contrat pour réaliser une Évaluation Économique Préliminaire (PEA) pour son projet Blue Moon, dont elle détient 100% dans le centre de la Californie. Le projet abrite le plus grand dépôt de sulfures massifs polymétalliques volcanogènes (VMS) connu dans la Ceinture de Sulfures Massifs de Foothills, avec une ressource indiquée de 3,51 MT avec un grade équivalent en Zinc (ZnEq) de 11,07% et une ressource inférée de 3,83 MT avec un grade de 10,71% ZnEq.
La PEA doit commencer immédiatement et devrait être achevée au premier trimestre 2025. Elle explorera un design préliminaire de rampe d'accès souterrain, remplaçant le concept de puits précédent. L'étude évaluera également le potentiel de sous-produits supplémentaires commercialisables tels que la barytine, le plâtre et le concentré de pyrite. Blue Moon vise à accélérer le développement du projet, en faisant des parallèles avec le dépôt Vares d'Adriatic Metals plc.
Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF) hat Micon International den Auftrag erteilt, eine vorläufige Wirtschaftlichkeitsbewertung (PEA) für das 100% im eigenen Besitz befindliche Blue Moon Projekt im zentralen Kalifornien durchzuführen. Das Projekt beherbergt das größte bekannte polymetallische vulkanogene Massivsulfidlager (VMS) im Foothills Massive Sulfide Belt, mit einem angezeigten Ressourcenvon 3,51 MT mit einem Gehalt von 11,07% Zinkäquivalent (ZnEq) und einer geschätzten Ressource von 3,83 MT mit einem Gehalt von 10,71% ZnEq.
Die PEA soll umgehend beginnen und voraussichtlich im 1. Quartal 2025 abgeschlossen sein. Sie wird ein vorläufiges Rampendesign für den unterirdischen Zugang untersuchen, das das frühere Schachtkonzept ersetzt. Die Studie wird auch das Potenzial für zusätzliche verkaufsfähige Nebenprodukte wie Barit, Gips und Pyritkonzentrat bewerten. Blue Moon strebt an, die Entwicklung des Projekts zu beschleunigen und zieht Parallelen zum Vares-Lager von Adriatic Metals plc.
- Awarded contract for Preliminary Economic Assessment (PEA) to Micon International
- Project hosts largest known polymetallic VMS deposit in the Foothills Massive Sulfide Belt
- Indicated resource of 3.51 MT grading 11.07% Zinc equivalent
- Inferred resource of 3.83 MT grading 10.71% Zinc equivalent
- PEA expected to be completed in Q1 2025
- Exploring potential for additional saleable byproducts (barite, gypsum, pyrite concentrate)
- Aim to fast-track project development
- None.
VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“the Company”) (TSX-V: MOON, OTCQB: BMOOF) is pleased to announce that it has awarded Micon International Ltd. (“Micon”) the contract to complete a Preliminary Economic Assessment (“PEA”) for its
The project hosts the largest known polymetallic volcanogenic massive sulfide (“VMS”) deposit of its type within the Foothills Massive Sulfide Belt of California, with an indicated resource of 3.51 MT grading
Micon was selected as the lead consultant on the study due to their experienced team, and proven successful track record conducting studies for and designing similar projects of this scope and size. The PEA will commence immediately and is slated for completion in Q1 2025, funded by the proceeds of a recent private placement (see August 30, 2024 news release). Blue Moon will also reengage Resource Development Associates for mineral resource work.
Patrick McGrath, Chief Executive Officer, stated, “The PEA is the next key step in advancing the Blue Moon Project, which last had a pre-feasibility study completed in 1989 (pre NI 43-101) by Westmin Mines Ltd. Building on the significant resource improvements in 2023, we plan to leverage historical work from the 1980s as a foundation, and pending a positive PEA result, we aim to fast-track development of the Project. The Project has several similarities in terms of resource size, grade and potential project scope as Adriatic Metals plc’s Vares deposit and mine located in Bosnia that went into production in 2024 on a fast-track. We are also pleased to announce Dustin Small, P. Eng., will be overseeing this PEA on behalf of the Company. Dustin recently managed the feasibility study and detailed engineering for Adventus Mining Corp.’s Curipamba – El Domo Project in Ecuador.”
The PEA will explore a preliminary ramp design for underground access, replacing the earlier Westmin shaft concept. The Company believes that this will allow for accelerated development at a potentially lower cost, and significantly reduce the cost and risk of an infill exploration program to upgrade the resources to reserves in due course. Trade-off studies will assess the potential for additional saleable byproducts such as barite, gypsum, and pyrite concentrate to determine economic viability.
Qualified Person
The technical information of this news release has been reviewed and verified as accurate by Mr. Dustin Small, P.Eng., a non-Independent Qualified Person, as defined by NI 43-101.
About Blue Moon Metals
Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure including paved highways three miles from site; a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service centre of Reno. Zinc and copper are currently on the USGS list of metals critical to the US economy and national security. More information is available on the company’s website (www.bluemoonmetals.com).
About Micon International
Micon is a mining consultancy providing independent professional advice to mining companies, providers of capital, law firms and government agencies. Staffed by senior mineral industry consultants with extensive international experience in the fields of geology, mining engineering, metallurgy, processing, social and environmental management, market analysis and mineral economics, the firm is well qualified to carry out consulting assignments throughout the world.
Micon has merged with Halyard Inc., a provider of professional services in Mineral Processing & Project Delivery. The combination of the two companies will allow us to offer continuity throughout the entire project spectrum and draw upon an expanded range of expertise, while continuing to offer the same level of personal and technical attention to project excellence that clients have come to expect from both teams.
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.
This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur such as completion of the PEA. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. The Company cannot assure that actual results will be consistent with these forward-looking statements. They are made as of the date hereof and are subject to change and the Company assumes no obligation to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking statements. These factors include the inherent risks involved in the resource industry.
For more information, please contact:
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
(1) Zinc equivalent resources for the Blue Moon project were calculated using the following three-year average metal prices (USD): Zn
FAQ
What is the current status of Blue Moon Metals' Blue Moon Project?
What are the resource estimates for the Blue Moon Project (BMOOF)?
What potential byproducts is Blue Moon Metals considering for the Blue Moon Project?
How does Blue Moon Metals (BMOOF) plan to access the underground deposit?
