Blue Moon Metals: New Environmental Permits Fuel Expansion Plans
Blue Moon Metals Secures Environmental Permits for Project Expansion
TORONTO — Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQB: BMOOF) has successfully obtained environmental permits from the Norwegian Environmental Agency. This significant achievement aligns with their ongoing efforts to advance mining operations, particularly the extension of the Rupsi tunnel at Nye Sulitjelma Gruver AS (“NSG”).
Contract Awarded for Tunnel Extension to Enhance Exploration
In conjunction with the environmental permits, Blue Moon has awarded a contract to Fauskebygg AS for the extension of the Rupsi tunnel. This extension is pivotal in facilitating a more efficient exploration drilling program for the Rupsi/Dypet deposits, collectively known as the “Rupsi Deposit.” The undertaking marks a vital milestone for the Sulitjelma Project as the Company prepares to initiate a comprehensive 10,000-meter exploration drilling program from the tunnel. The aim is to upgrade the resource classification from Inferred to Indicated, while concurrently expanding the current resource and gathering crucial geotechnical and metallurgical data.
Current Resource Assessment of the Rupsi Deposit
According to the recent NI 43-101 Technical Report on The Mineral Resources of the Sulitjelma Project, Norway, the Rupsi Deposit currently holds an Inferred Resource estimate of 9.258 million tonnes of ore, with grades of 1.19% Copper and 0.31% Zinc. It is important to note that Inferred Resources are conceptual and may not necessarily be realized as economic Reserves.
Strategic Contractor Selection Process
Blue Moon followed a systematic request for proposal process to select a contractor based within Norway. Fauskebygg’s proposal was particularly notable for its alignment with essential priorities, including health and safety considerations, cost efficiency, local employment, and overall performance. Activities are set to commence in the late third quarter of 2025, with the tunnel extension projected for completion in the third quarter of 2027. Notably, the exploration drilling program will progress alongside the advancement of the tunnel.
Comprehensive Exploration Program Components
The exploration program will not solely focus on drilling; it will also encompass geological mapping, soil and core geochemistry analysis, and geophysical surveys. Moreover, the relogging of historical drill cores will aid in refining the geological model and optimizing drill targeting.
Expert Review of Technical Information
The technical and scientific details outlined in this announcement have been meticulously reviewed and approved by Mrs. Boi Linh Doig, P.Eng., who serves as a non-independent Qualified Person under NI 43-101 regulations.
Company Profile: Blue Moon Metals Inc.
Blue Moon is currently advancing three brownfield polymetallic projects; these include the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project, both located in Norway, as well as the Blue Moon zinc-gold-silver-copper project in the United States. Each of these projects benefits from favorable locations with established local infrastructure such as roads and power.
Importance of Critical Metals
Zinc and copper are recognized as critical metals by both the USGS and EU, underscoring their significance to the global economy and national security. The continued development of these projects reflects Blue Moon's commitment to contributing to the sustainable supply of critical metals.
About Fauskebygg AS: A Trusted Contractor
Fauskebygg AS has solidified its reputation since its establishment in 1946. With over 75 years of expertise in construction, Fauskebygg is primarily engaged in local projects within northern Nordland, while occasionally undertaking contracts beyond this region. Their services span various areas, including civil engineering, tunnel driving, ground support, concrete work, and industrial construction, demonstrating a deep-seated capability in handling complex projects.
Contact Information for Blue Moon Metals Inc.
For further inquiries or detailed information, please reach out to:
Blue Moon Metals Inc.
Christian Kargl-Simard
CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com
Frequently Asked Questions
What environmental permits has Blue Moon received?
Blue Moon Metals has received environmental permits from the Norwegian Environmental Agency to support their mining activities.
Who has been awarded the contract for the tunnel extension?
The contract for the tunnel extension has been awarded to Fauskebygg AS, a company with over 75 years of experience in Norwegian construction.
What is the expected duration for the tunnel extension project?
The tunnel extension project is expected to commence in late Q3-2025 and be completed by Q3-2027.
What is the resource estimate for the Rupsi Deposit?
The Rupsi Deposit is currently estimated to have an Inferred Resource of 9.258 million tonnes, with 1.19% Copper and 0.31% Zinc.
What is the significance of the current projects for Blue Moon?
The ongoing projects are crucial as they focus on critical metals like copper and zinc, which are significant for the global economy and security.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.