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Blue Moon Announces Maiden NI 43-101 Sulitjelma Resource of 17 Mt @ 1.06% Cu & 0.21% Zn in the Inferred Category Supporting VMS District Growth Potential
TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“ Blue Moon ”...
About this update from Blue Moon Metals Inc
[{"type":"text","content":" Blue Moon Announces Maiden NI 43-101 Sulitjelma Resource of 17 Mt @ 1.06% Cu & 0.21% Zn in the Inferred Category Supporting VMS District Growth Potential \n\n\n\n TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“\n \n Blue Moon\n \n ” or the “\n \n Company\n \n ”) (\n \n TSXV: MOON\n \n ) is pleased to announce a maiden mineral resource estimate (“\n \n MRE\n \n ”) for the Sulitjelma volcanogenic massive sulphide (“\n \n VMS\n \n ”) deposit (the “\n \n Sulitjelma Project\n \n ”), located in Nordland, Norway, which has been summarized in an independent Technical Report (the “\n \n Technical Report\n \n ”) prepared in accordance with National Instrument 43-101 –\n \n Standards of Disclosure for Mineral Projects\n \n (“\n \n NI 43-101\n \n ”), which will be filled on SEDAR+ within 45 days after the current announcement. The Sulitjelma Project is situated within a significant mining district known for its copper deposits, with historical production between 1891 and 1991 of 26 Mt of 1.80% Cu with additional zinc, sulfur, gold and silver credits (Nordrum, F.S., 1999. Minerals from the Sulitjelma Copper Mines, North Norway).\n \n\n The MRE includes 17 million tonnes grading 1.06% Cu and 0.21% Zn in the inferred category over three deposits, supporting the project's potential for further growth. The resource estimate does not include gold, silver or sulfur which were historically recovered and considered by-product credits. The Company plans to advance the project through additional exploration and technical studies to further evaluate its economic viability.\n \n\n Blue Moon will initially focus on the Rupsi and Dypet deposits where the company has received Norwegian Government approval in Q1 2025 to extend an existing historical mine tunnel into the deposit by up to 1 km. The tunnel extension and the completion of 10,000 m of underground drilling are part of the recommendations in the technical report with a budget of 37 MNOK (~US$3.4M). Exploration activities will focus on the exploration target to showcase its mineral potential. Current underground workings are in good condition, ending approximately 200 m from the resource estimate outline. Blue Moon plans to extend the underground drift towards intercepts su...