VANCOUVER, July 20, 2018 /CNW/ - Blue Moon Zinc Corp.
(TSXV: MOON; US: BMOOF) (the "Company") is pleased to
announce it has received all necessary drill permits for its
planned exploration and development programs at its advanced Blue
Moon Zinc Deposit. The multi-year drill permit provides for the
development until June 2022,
including extensions, to complete further drilling.
"The receipt of the drill permit is a significant milestone
for the Company and represents the government and community support
for the continued exploration and development of the Blue Moon
Deposit. We continue to reach new milestones at the project, as we
look to further de-risk the deposit and highlight the robust nature
of the high-grade resource," stated Patrick McGrath, Chief Executive Officer of Blue
Moon Zinc. "Our technical team has identified new
drill targets and potential new zones through the analysis of
historical data to further enhance and expand the known resource at
the project. We will look to update the market shortly on timing
and focus of the Phase One drill program, and I would like to thank
our shareholders for their patience as we systematically and
methodically advance the project."
About Blue Moon
The Company is currently advancing its 100% controlled Blue Moon
Polymetallic Zinc Deposit, which also contains significant credits
of copper, silver and gold. The deposit, which is open at depth and
along strike, yields historical metallurgical testing that
indicates excellent mineral recovery and a clean zinc concentrate.
A NI 43-101 technical report detailing the geological resource and
summarizing metallurgical recoveries is available on the company's
website (www.bluemoonmining.com), and filed on SEDAR on
November 13, 2017. The Company plans
to advance the Blue Moon project through to feasibility, permitting
and ultimately production.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Resource estimates included in
this news release are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions set forth in the
relevant technical report and otherwise, such statements are not
guarantees of future performance and actual results or developments
may differ materially from those in the forward-looking statements.
Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices for zinc,
the results of future exploration, uncertainties related to the
ability to obtain necessary permits, licenses and titles, changes
in government policies regarding mining, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. Readers are cautioned not to place
undue reliance on this forward-looking information, which is given
as of the date it is expressed in this press release, and the
Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws.
The securities referenced in this news release have not and
will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
SOURCE Blue Moon Zinc Corp.