TORONTO, July 7, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM), is pleased to provide an update on its fully integrated 2026 exploration and resource definition program at the Springer Tungsten Project in Pershing County, Nevada ("Springer"). Springer is a largely permitted facility with a 1,200 tpd flotation plant, oversized Ammonium Paratungstate or APT circuit, along with ancillary facilities, utilities and a large unutilized conventional tailings dam. This program represents a major step forward in advancing Springer through a combination of systematic diamond drilling, validation of extensive historical datasets (including assaying of untested mineralized core), and the application of modern geoscience, geophysics, and engineering studies aimed at rapidly enhancing the geological model and unlocking the broader scale potential of the mineralized system.
HIGHLIGHTS
67,000 metre initial two-phase drill program starting in August 2026, utilizing 6 diamond drill rigs;
Re-logging and re-assaying 18,000 metres of historical core with NI 43-101 compliant QA/QC;
Planned volume and grade estimation of 16 historical stockpiles;
Planned auger sampling of historical tailings produced between 1918 and 1982;
LiDAR and drone scanning of significant locations within the property;
Site wide aerial photogrammetry;
Radiometric and magnetic geophysics of regional and near-mine targets; and
Updates to metallurgical and ore sorting test work
The VP Exploration of Blue Moon, Theodore Veligrakis stated: The 2026 program has been designed to systematically advance Springer through a combination of near-surface definition drilling, deeper exploration drilling, and comprehensive validation of historical datasets. The approach reflects a staged geological strategy that prioritizes high-confidence near-surface targets while simultaneously testing the depth and lateral potential of the system. In parallel, surface stockpile evaluation, tailings sampling, and regional-scale geophysical surveying will provide important information to refine the geological understanding of Springer and support future resource definition and development planning ultimately supporting the previously announced production target of Q4-2027 (see press release on April 27, 2026) and setting up Springer as potentially globally significant in the tungsten industry.
2026 DRILLING PROGRAM
Blue Moon has signed a Limited Notice to Proceed (LNTP) with Geotech Drilling Services Ltd. for an initial 67,000-metre, two-phase diamond drilling program utilizing up to six diamond drill rigs. Drilling is expected to commence during the first half of August, initially utilizing two diamond drill rigs, with additional rigs to be mobilized in phases as the program progresses toward the full six-rig configuration and it is anticipated to be finished by the first quarter of 2027.