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Blue Moon Zinc Corp.
Summary
| Project: | Blue Moon | |
|---|---|---|
| Deposit: | Blue Moon | |
| Location: | United States | |
| Commodities: | Zinc-Copper-Silver-Gold-Lead | |
| Date: | 2/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-2-2020: Blue Moon Zinc Corp. announces an Exploration/Drilling Update report for its Blue Moon deposit at the Blue Moon project. Drilling results incl. 19.58m @ 8.41% Zn, 0.49% Cu, 0.22% Pb, 1.65g/t Au, 82.75g/t Ag from 398.44m. February 3, 2020 – Blue | |
| Resources: | (Resource, Inf.): 7.8Mt @ 8.07% ZnEq | |
| CP/QP: | [Overall Report]: John McClintock (Internal) | |
| ABSTRACT: | February 3, 2020 – Blue Moon Zinc Corp. (TSX.V: MOON; OTC: BMOOF) (“Blue Moon” or the “Company”) is pleased to announce that its exploration partner, Platina Resources Limited (“Platina”) has confirmed significant intersections of high-grade zinc, gold and silver mineralization from the second hole completed in 2019 at its Blue Moon zinc-copper-gold project in the United States. Patrick McGrath, Blue Moon CEO, commented: “Drill holes BMZ-80 and BMZ-79 continue to demonstrate the continuity of the high-grade zinc along with impressive copper, gold and silver metal content. Gold values of 14.55 g/t and 9.8 g/t and silver values of 325 g/t and 312 g/t, respectively, over approximately three feet are present within the massive sulphides.” The mineralization intercepted in BMZ80 is located 50 metres (164 feet) north of hole BMZ79 and has confirmed a wide, high grade zinc, gold and silver mineralized zone in the northern edge of the main mineralized horizon. In addition, the deeper intercept from 450 metres represents a northern extension of the western mineralized horizon. Table 2 includes the main mineralized intervals intercepted by holes BMZ79 and BMZ80. Platina is currently paying 100% of the drill program costs and can earn an initial 50% interest in the Blue Moon project by incurring $3 million including the drilling of a minimum 10,000 metres and payment to the Company of $250,000. Platina can increase its interests to 70% by incurring an additional $3.75 million including the completion of a pre-feasibility study and payment to the Company of $500,000. | |
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