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Blue Moon Engages MDA for Preliminary Economic Assessment
Blue Moon Engages MDA for Preliminary Economic Assessment Canada NewsWire VANCOU...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"\n\n\n\nBlue Moon Engages MDA for Preliminary Economic Assessment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 10, 2017\n\n\n\nVANCOUVER, Oct. 10, 2017 /CNW/ - Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the \"Company\") is pleased to announce it has engaged Mine Development Associates, Inc. (\"MDA\") to carry out a Preliminary Economic Assessment (\"PEA\") of the Blue Moon zinc project in the foothills of California. MDA is an independent and internationally recognized engineering firm based in Reno, Nevada. Completion of the PEA is expected in the first quarter of 2018. \n\nThe 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% increased 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 PEA.\n\nPatrick McGrath, Chief Executive Officer, stated \"We are confident in MDA's experience to develop a high quality technical report that will provide our shareholders with a preliminary analysis of Blue Moon's economic potential. MDA has a solid reputation and has worked extensively in the western United States. We believe the Blue Moon project represents an excellent near-term development project for our shareholders.\" MDA's past clients include Golden Queen where MDA co-authored a 2015 feasibility study for the Soledad Mountain mine in Southern California that went into commercial production in December 2016. MDA will be assisted in the PEA by Samuel Engineering, an independent engineering firm based in Denver, Colorado.\n\nThe Blue Moon zinc deposit had modest production during World War II with approximately 56,000 tons mined at 12% zinc. Advanced stage work continued during the 1980s and 1990s by mid-tier producers Imperial Metals and Boliden, including scoping and optimization studies, metallurgy testing, baseline work and culminated in the granting of a permit issued by the local Californian Cou...