Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

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Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

Postby QualityStocks » Tue Oct 03, 2017 9:01 am

Blue Moon Zinc Corp., a mineral exploration company, is focused on developing its advanced-stage, wholly owned Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby.

The Blue Moon deposit is one of many located in the Foothills Massive Sulphide Belt in the Sierra Nevada Mountains of California. The property has a long history of exploration and saw small-scale mining during World War II. The current project, to be mined by underground methods, contains an estimated 3.70 million tons with a grade of 8.33% zinc equivalent for approximately 377 million pounds of zinc in the indicated category and another 4.09 million tons with a grade of 7.84% zinc equivalence for approximately 395 pounds of zinc in the inferred category. Significant bi-products of copper, silver and gold are also indicated. The deposit is open at depth and along strike with a high likelihood of expansion.

Current spot prices for zinc is approximately $1.40 per pound, which increases the potential returns of the Blue Moon project.

The historical database shows extensive plans to put the Blue Moon project into production, including several scoping and optimization studies. Past environmental work performed, along with an historical permit and reclamation plan approved for certain underground development, highlights past local county support for the project. These historical studies and permits are expected to help fast track the project’s progress as they form an excellent base for the upcoming Preliminary Economic Assessment and later feasibility study.

Among the significant historical studies conducted is a 1998 metallurgical report that shows recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold (http://nnw.fm/U1ckE). The report indicates that simple processing methods will produce premium concentrates with easy separation of the economic minerals.

Blue Moon CEO Patrick McGrath, who has 20 years of experience in financing and executive roles in the junior mining public sector, is joined by a management team with successful track records in leading and participating in significant mineral discoveries with development-stage mining companies. The Blue Moon team also includes a member who permitted and built the Soledad mine in southern California in 2016 and a member who re-started the Mesquite mine in southern California. Local knowledge and know-how is key. The company also plans to engage a recognized third-party engineering firm to prepare a preliminary economic assessment report, expected for release in the first quarter of 2018, to demonstrate the economic viability of the Blue Moon mineral resources.
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Re: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

Postby QualityStocks » Tue Oct 03, 2017 5:05 pm

Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) is “One to Watch”

- Wholly owned zinc project has estimate of 3.7 million tons of indicated resources and 4.09 million tons of inferred resources
- 525 acres of mineral rights includes zinc with significant assets of copper, silver and gold
- Advanced-stage project led by experienced management team with key technical advisors
- Global shortfall in zinc production equals significant opportunity

Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF), a mineral exploration company, is focused on developing its advanced-stage, wholly owned Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby.

The Blue Moon deposit is one of many located in the Foothills Massive Sulphide Belt in the Sierra Nevada Mountains of California. The property has a long history of exploration and saw small-scale mining during World War II. The current project, to be mined by underground methods, contains an estimated 3.70 million tons with a grade of 8.33% zinc equivalent for approximately 377 million pounds of zinc in the indicated category and another 4.09 million tons with a grade of 7.84% zinc equivalence for approximately 395 pounds of zinc in the inferred category. Significant bi-products of copper, silver and gold are also indicated. The deposit is open at depth and along strike with a high likelihood of expansion.

Current spot prices for zinc is approximately $1.40 per pound, which increases the potential returns of the Blue Moon project.

The historical database shows extensive plans to put the Blue Moon project into production, including several scoping and optimization studies. Past environmental work performed, along with an historical permit and reclamation plan approved for certain underground development, highlights past local county support for the project. These historical studies and permits are expected to help fast track the project’s progress as they form an excellent base for the upcoming Preliminary Economic Assessment and later feasibility study.

Among the significant historical studies conducted is a 1998 metallurgical report that shows recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold (http://nnw.fm/U1ckE). The report indicates that simple processing methods will produce premium concentrates with easy separation of the economic minerals.

Blue Moon CEO Patrick McGrath, who has 20 years of experience in financing and executive roles in the junior mining public sector, is joined by a management team with successful track records in leading and participating in significant mineral discoveries with development-stage mining companies. The Blue Moon team also includes a member who permitted and built the Soledad mine in southern California in 2016 and a member who re-started the Mesquite mine in southern California. Local knowledge and know-how is key. The company also plans to engage a recognized third-party engineering firm to prepare a preliminary economic assessment report, expected for release in the first quarter of 2018, to demonstrate the economic viability of the Blue Moon mineral resources.

For more information, visit the company’s website at www.BlueMoonMining.com
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Re: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

Postby QualityStocks » Wed Oct 04, 2017 4:25 pm

Zinc Shows a Silver Lining as Exchange Stocks Fall to Lowest Level in Decades

NetworkNewsWire Editorial Coverage: Zinc is beginning to shine again. The metal has been a top performer on the London Metal Exchange (LME), breaking through the $3,000 a metric tonne ceiling for the first time in over a decade. With stocks on the three main exchanges (Shanghai Metals Market, COMEX and LME) at record lows, prices are expected to remain elevated, potentially changing the economics of zinc production for Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) (MOON Profile), Hecla Mining Company (NYSE: HL), Teck Resources Ltd (NYSE: TECK), Glencore plc (OTC: GLNCY), and Trevali Mining Corp. (TSX: TV).

To everything, there is a season … two years ago, disinvestment and mine closures bedeviled the industry. In 2015, the Australian-Chinese concern MMG Limited (HKEX: 1208), announced the shuttering of its mining operations at Century in Australia. The Century mine was Australia’s largest zinc mine and the third largest in the world. In 2014, it produced 465,696 tonnes and accounted for around 3.5 percent of global zinc output. And in 2015, by the time mining ended in August, it had yielded about 345,000 tonnes of zinc in zinc concentrate after processing. Vedanta Resources also closed its Irish Lisheen mine in 2015. Lisheen was Europe’s second-largest zinc mine with a capacity of around 175,000 tons. Lisheen’s closure reduced global supplies by another 1.3 percent. And Glencore exacerbated the supply constraint after it announced it would cut output from mines in Australia, Peru and Kazakhstan totaling around 500,000 metric tonnes. This removed another 4 percent from global supply in 2015. Those supply cuts have been boosting prices ever since.

With the outlook on zinc in favorable territory, both senior and junior exploration companies are dusting off previously shuttered projects.

In a recent interview, Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) CEO Patrick McGrath retraced the history of the Blue Moon, USA deposit, which dates back to the Second World War. From 1943-1945, the resource was mined by Hecla Mining Company, whose efforts produced 55,656 tons of 12.3% zinc. The mine lay dormant until the early 1980s, when Imperial Metals completed approximately 33,000 feet of diamond drilling. Thereafter, Westmin Resources, now Boliden, one of Europe’s largest zinc producers, undertook about 57,000 feet of diamond drilling, calculated a mineral resource and commenced engineering, metallurgical, hydrological and environment baseline studies. In addition, Westmin obtained a permit and approval of a reclamation plan from Mariposa County for a shaft and certain underground development. By 1991, the resource was in new hands: being explored by Barrick (Lac), who completed approximately 20,000 feet of drilling. Consequently, Blue Moon, USA stands on the shoulders of well-established and well-qualified operators, who have done a lot of the development work.

Blue Moon emerged from the amalgamation of asset disposals by two other junior exploration companies, the first deriving from Yukon Zinc, which had acquired the Blue Moon deposit from Boliden Limited. The second followed a 2007 spinout by Selwyn Resource of its zinc assets. The company, previously known as Savant Explorations Ltd, announced its name change to Blue Moon Zinc Corp on July 5, 2017 (http://nnw.fm/6DxmD).

The Blue Moon project, located in Mariposa County, California, is estimated to have close to 375 million pounds of zinc in the indicated category, and about 400 million pounds on an inferred basis. A high recovery rate (95%) and its location in an area with well-developed infrastructure and access to labor and other resources gives Blue Moon, USA an indisputable commercial advantage over other junior zinc companies. Moreover, the management and advisory team includes two executives, Lutz Klingmann and Larry O’Connor, with extensive experience either building a mine from scratch or re-starting a mine and dealing with the regulatory process.

Lutz Klingmann is the former CEO of Golden Queen, who successfully permitted the open-pit, heap-leach Soledad Mountain gold mine in California. He brings extensive experience in permitting and building mines, including building the Minto mine currently owned by Capstone Mining Corp. (TSX:CS). Lawrence O’Connor is the former VP Operations at Western Goldfields (now New Gold) where he restarted the Mesquite Mine in California. He is also a former general manager of Eldorado Gold Corp’s La Colorada Mine and during his tenure there completed the feasibility study and permitting required for expansion. Blue Moon’s current CEO, Patrick McGrath, is a CPA-CGA (Chartered Professional Accountant), with 20 years of experience in financing and executive roles in junior public companies. As VP Finance of Adriana Resources Inc. (now Sprott Resource Holdings Inc.), he raised $50 million in equity and debt during his tenure. Together officers and directors hold close to 22 percent of Blue Moon’s equity.

Blue Moon also holds interests in the Yava Property in the Mackenzie Mining District, Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife. The Yava Property consists of one mining lease of 1,304 hectares and 16 unpatented mineral claims that taken together cover 4,449 hectares.

The silver lining on zinc should galvanize Hecla Mining Company (HL), which although primarily focused on silver and gold, unearths substantial quantities of zinc ore in its exploration activities. The company is a leading, low-cost silver producer with operating silver mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Mexico (San Sebastian) and is a gold producer with an operating mine (Casa Berardi) in Quebec, Canada. Its Greens Creek and Lucky Friday mines have reported large proven and probable zinc reserves.

In zinc, as in general, the rich get richer. Top producer Glencore (GLNCY), with output of around one million tonnes of zinc concentrate annually, has struck ‘gold’ in its joint venture with BHP Billiton, Teck Resources and Mitsubishi. The Antamina copper pit in Peru appears to enclose zinc-heavy ore that has already produced an extra 60,000 tons of zinc over the past 12 months.

And Teck Resources (TECK), the world’s No. 3 producer (Hindustan Zinc is at No. 2) continues its run of good luck. At its Red Dog operation in Alaska, the largest zinc pit in the world, a vein of hard-to-refine but zinc-rich rock with ore holding about 24 percent zinc (compared to 14 percent in the pit as a whole) has been discovered.

Meanwhile, Trevali (TSX: TV) announced on August 31 it had acquired a portfolio of zinc assets from Glencore and some of its subsidiaries, which include an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in Burkina Faso, an effective 39% interest in the Gergarub project in Namibia, and an option to acquire a 100% interest in the Heath Steele project in Canada.

As the global economy continues its rebound, the demand for zinc is forecasted to grow. The metal is mainly used to galvanize iron and steel to prevent rusting, essential in infrastructural projects. In addition, supply is way behind demand. In a June 2017 report, the International Lead and Zinc Study Group (ILZSG) found that the ‘worldwide market for refined zinc metal was in deficit during the first five months of the year while total reported inventories declined over that same time frame,’ according to Metal Miner (http://nnw.fm/qCp5K). It looks like zinc is starting to show its true color.

For more information on Blue Moon Zinc Corp. please visit: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)
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Re: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

Postby QualityStocks » Wed Oct 11, 2017 6:10 pm

Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) Resource Estimates for California Project Indicate 377 Million Pounds of Zinc

- Price of zinc recently rose to $3,369 per metric ton, reaching highest point in more than a decade
- Estimated recovery rate of 95% for zinc seen at the Blue Moon site a key catalyst to its future development
- CEO Patrick McGrath calls the site “one of the best near-term development assets” in zinc mining

For Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF), the best may be yet to come. As zinc continues to rise in value, hovering near $3,369 per metric ton at time of writing (http://nnw.fm/bk5BG), the company is focused on its Blue Moon Project, located in Mariposa County, California. Zinc is used widely, largely in the manufacture of batteries and auto parts, but it has the future potential to be used in zinc-based batteries for electric cars and other energy storage applications.

Patrick McGrath, CEO, was originally just a shareholder of the junior zinc development company, but he said in a recent interview (http://nnw.fm/rHH2T) that he saw in Blue Moon, “one of the best near-term development assets” in zinc mining. He added that prior mid-tier mining companies had already done “most of the heavy lifting for us.” The project remained dormant after early work on the site for a number of reasons, most notably low zinc prices, but BMOOF estimates that there are some 377 million pounds of zinc indicated in the project and 395 million pounds inferred at the site, citing a recently completed mineral resource estimate (http://nnw.fm/hshS4).

Another reason other mining companies were reluctant to become involved in the site was California’s reputation for being “tough” in granting mining permits, but McGrath said that obtaining project permits within that state is no tougher than elsewhere, effectively “leveling the playing field.” A high estimated recovery rate of 95% for zinc at Blue Moon’s site is key to the company’s future development, McGrath said. The Blue Moon deposit is located on 525 acres in the foothills of the Sierra Nevada Mountains.

Although the market cap for the company is just $4.7 million, McGrath described BMOOF as being a great long-term investment for several reasons. One is its robust short-term “catalyst” in the next three months: its projected 1Q18 Preliminary Economic Assessment (PEA). The company said the PEA for the site would show its potential for economic development. The PEA, according to McGrath, should indicate Blue Moon as a viable stand-alone project. Next, the Blue Moon deposit is a volcanic massive sulphide (VMS) deposit, which are often found in ‘pods,’ indicating that more zinc deposits may be nearby.

McGrath said he sees a “high likelihood” that the Blue Moon project will offer an upside prospect for investors seeking exposure to zinc.

For more information, visit the company’s website at www.BlueMoonMining.com
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Re: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)

Postby QualityStocks » Wed Oct 11, 2017 6:32 pm

NetworkNewsBreaks – Why Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) is ‘One to Watch’ in the Mining Space

Mineral exploration company Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) is focusing on the development of its advanced-stage, wholly owned Blue Moon zinc project, located in the Foothills Massive Sulphide Belt of the Sierra Nevada Mountains. The company’s 525 acres of mineral rights are assigned to patented and unpatented claims that can be accessed by a gravel road off a nearby highway. Main utility lines are nearby; sea ports, rail and trucking routes are accessible; and labor and contractors are available in the nearby Central Valley. An article discussing this reads: “The Blue Moon deposit is one of many located in the Foothills Massive Sulphide Belt in the Sierra Nevada Mountains of California. The property has a long history of exploration and saw small-scale mining during World War II. The current project, to be mined by underground methods, contains an estimated 3.70 million tons with a grade of 8.33% zinc equivalent for approximately 377 million pounds of zinc in the indicated category and another 4.09 million tons with a grade of 7.84% zinc equivalence for approximately 395 pounds of zinc in the inferred category. Significant bi-products of copper, silver and gold are also indicated. The deposit is open at depth and along strike with a high likelihood of expansion.”
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