VANCOUVER, Aug. 29, 2018 /CNW/ - Blue Moon Zinc
Corp. (TSXV: MOON; US: BMOOF) (the "Company") is
pleased to announce that a Phase 1 drill program has just commenced
at the Company's 100%-owned Blue Moon zinc-rich Volcanic Massive
Sulphide ("VMS") deposit in Mariposa County, California. This
is the first drilling at this project in more than 25 years with
new interpretations of the system providing strong potential for
fresh discoveries to significantly expand the known
zinc-copper-silver-gold resource.
Patrick McGrath, Blue Moon CEO,
commented: "It's an exciting new time for Blue Moon shareholders as
we put our extensive review of historical data to work to identify
potential new zinc-rich massive sulphide zones that could
dramatically change the scale and dynamics of this project."
Initial drilling (approximately 4,000 feet or 1,200 meters) will
target northern and southern extensions of the upper Main and West
lenses between a depth of 500 and 1,000 feet from
surface.
Blue Moon geologists also recently performed a comprehensive
review of historical data and identified multiple additional
priority targets that could represent potential new high-grade
zones and/or expansion of current zones, including but not limited
to:
- 600 feet of favourable untested stratigraphy immediately north
of the East Zone;
- Down plunge extensions of the Main and West zones;
- Drill holes on the south flank of the West zone horizon cut
stringer mineralization suggesting it is a feeder zone and points
to a massive sulphide target to the south of the West zone. Further
evidence for massive sulphides in this area comes from an untested
off-hole electromagnetic (EM) conductor identified by previous
operator Westmin;
- A 2,400-foot gap between mineralization in holes B-67, B-70 and
B-66 is largely untested and warrants multiple exploration holes
with the potential of discovering additional massive sulphide
zones;
- A 1,500-foot-long zinc-in-soil anomaly with values ranging from
390 to 2,500 parts per metre ("ppm") has only been tested by four
shallow holes and warrants further exploration drilling to test for
massive sulphide mineralization underlying the soil anomaly.
Meanwhile, a review of drilling logs of the historical holes
used in the NI-43-101 resource calculation revealed numerous
intervals of massive and semi-massive sulphides that were not
analysed. The Company will systematically sample and assay
these intervals as part of the current drilling program.
Please visit our website (www.bluemoonmining.com) for additional
information and to review our new corporate video.
About Blue Moon
The Company is currently advancing its 100%-owned Blue Moon zinc
deposit which also contains significant credits of copper, silver
and gold. The deposit, which is open at depth and along
strike, yields historical metallurgical testing that indicates
excellent mineral recovery and a clean zinc concentrate. A
NI-43-101 technical report detailing the geological resource and
summarizing metallurgical recoveries is available on the company's
website (www.bluemoonmining.com), and filed on SEDAR on
November 13, 2017. The Company plans
to advance the Blue Moon Project through to feasibility, permitting
and ultimately production.
Qualified Persons
Jack McClintock, P. Eng, a
Director of the Company, is a qualified person as defined by
NI-43-101, and has reviewed the scientific and technical
information that forms the basis for this news release.
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 zinc,
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, 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.
The securities referenced in this news release have not and
will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
SOURCE Blue Moon Zinc Corp.