Blue Moon Mining

(MOON:TSXV)

NI 43-101 Resource Assessment

Blue Moon Mining (MOON:TSXV) is focused on the advanced stage 100% owned Blue Moon zinc project. The Blue Moon project is subject to a NI 43-101 resource assessment with approximately 2.62 million tons with a grade of 6.01% zinc in the Indicated category and 2.68 million tons with a grade of 5.98% zinc in the Inferred category plus significant bi-products of copper, silver and gold. The resource is open at depth and along strike and has favourable metallurgy. A report detailing the resource is available here and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.

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Acquiring and Developing
Strategic Zinc Projects

Location/Access

The Blue Moon Deposit is wholly-owned by the Company and is located in east central California within Mariposa County in the Foothills. The property is accessible by gravel roads off nearby paved highway. There are active mines in the region and was part of the original California gold rush.

Infrastructure

The main transmission lines and a hydroelectric power generation facility are both within one mile of the property. Sea ports, rail and trucking routes are all accessible.

History

Mining by Hecla Mining Company during 1943-1945 produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0.48% lead, 3.75 oz/ton silver and 0.062 oz/ton gold. The property was actively explored by Colony Pacific Explorations Ltd. (now Imperial Metals), Westmin Resources Limited (Now Boliden) and Lac Minerals (now Barrick) in the 1980s and 1990s.

Momentum Reports

MOMENTUM REPORT #2 — BLUE MOON 

Looking forward:

"The Blue Moon updated NI 43-101 Mineral Resource estimate announced on October 3, 2017 saw a 20% increase in the indicated zinc resource to 377 million pounds of zinc, and a 23% increase in the inferred zinc resource to a total of 395 million pounds of zinc, using a 4% zinc equivalent cut-off grade. The updated Mineral Resource estimate will be utilized in the upcoming Preliminary Economic Assessment (PEA), which we believe will highlight Blue Moon's economic potential and a catalyst for a material drill program in the near future."

Momentum Reports

MOMENTUM REPORTS — BLUEMOON

Highlights:

  • The Blue Moon mine was in production between 1943 and 1945. Hecla Mining produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0,48% lead, 3.75 oz/ton silver and 0.062oz/ton gold.
  • Blue Moon already has 5.3 million tons of indicated and inferred resources and the Company believes it can advance that materially with extension and exploration drilling.
  • Blue Moon can boast a 95% recovery rate
  • Blue Moon property now has approximately 2.62 million tons with a grade of 6.01% zinc indicated, and 2.68 million tons with a grade of 5.98% zinc inferred, plus significant amounts of copper, lead, silver and gold.
  • In 2017, Zinc prices rose to $2,825 a tonne up 10% on the year. According to Zinc Investment News, Zinc prices rose 90% between January 2016 and March 2017.
  • Blue Moon is applying for drill permits and is commencing baseline and engineering studies.

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