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Blue Moon Metals Secures Congressional Support and BLM Approval for an Underground Exploration Program at the Blue Moon Critical Minerals Project in Mariposa County, California
TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“ Blue Moon ”...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"Blue Moon Metals Secures Congressional Support and BLM Approval for an Underground Exploration Program at the Blue Moon Critical Minerals Project in Mariposa County, California\n\n\n\n TORONTO, April 15, 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 ;\n \n OTCQB: BMOOF\n \n ), is pleased to announce approval by the Bureau of Land Management (“\n \n BLM\n \n ”) for a portal and tunnel to enable underground mineral exploration activities at the Blue Moon volcanogenic massive sulphide (“\n \n VMS\n \n ”) deposit (the “\n \n Project\n \n ”), located in Mariposa County, California. The BLM’s approval represents a significant permitting milestone for development of the Project, as the initial portal and decline will provide access for infill and exploration drilling, allow for examination of geology, rock mechanics, and underground mining conditions, and be utilized once the mine moves into production as the main haulage route. The BLM’s approval allows for immediate commencement of the underground exploration program.\n \n\n As a result of this development, management has commenced the detailed exploration decline engineering and has initiated an RFP (request for proposal) process to select a mining contractor. The decline is expected to start construction in Q3-2025 and support a feasibility study which is expected to be completed in 24 months. The total program as outlined in the Preliminary Economic Assessment (“\n \n PEA\n \n ”) technical report for the Blue Moon Mine, is expected to cost US$31M, and result in approximately 20 new jobs in Mariposa County, California over that period. One of the additional goals of this program is to conduct additional work to evaluate the potential addition of barite, pyrite, gypsum, aggregates, gallium, germanium and/or indium to a future mineral resource as well as the associated economic potential, as these were not focus products for prior operators of the mine. The Company is expected to fund this program through a combination of a potential royalty sale, equity and/or the existing undrawn Hartree Partners standby facility. The Project currently only has one third-party royalty, capped at US$500,000.\n \n\n The BLM&#x...