Construction of Exploration Decline at Blue Moon
Blue Moon Metals Inc. (TSXV: MOON) is marking a significant milestone with the commencement of the exploration decline at its Blue Moon volcanogenic massive sulphide (VMS) project. This exciting development represents a key step in the advancement of the project.
Significance of the Decline Construction
The construction of the decline is vital for providing underground access essential for various activities including infill and exploration drilling, geotechnical studies, and metallurgical test work. These preliminary efforts will lay the groundwork for future feasibility studies and the potential commercialization of mining operations.
CEO’s Insight on the Project
Christian Kargl-Simard, the CEO of Blue Moon, expressed his enthusiasm regarding the construction stating, "The commencement of decline construction is transformative for Blue Moon. It allows us to expedite our exploration and technical studies efficiently while keeping our surface footprint minimal. We are committed to unlocking the Blue Moon deposit's full potential while collaborating with our partners and the local community."
Progress and Timeline
The portal construction activities, which began on October 5, are anticipated to lead to the completion of the initial 2,500-foot exploration decline by the second quarter of 2026. This proactive approach enables concurrent exploration drilling to start from underground, speeding up the gathering of geological and metallurgical data as the decline develops.
European Outreach and Strategic Agreements
In addition to the progress on the decline, Blue Moon has announced a new agreement with SRC Swiss Resource Capital AG for investor relations and communication services in Europe. This agreement will span one year with provisions for automatic renewals. SRC will aid in disseminating relevant information to shareholders and managing media relations among other investor-focused services.
About SRC Swiss Resource Capital
SRC Resource Capital is a notable company based in Switzerland and led by Jochen Staiger. The firm has substantial experience in enhancing the visibility of companies on public markets. Importantly, SRC does not possess any securities of Blue Moon, ensuring an impartial and professional relationship.
Qualified Persons Statement
The technical information provided in this announcement has been evaluated and approved by Dustin Small, P.Eng., who is a non-independent qualified person as per NI 43-101 regulation.
About Blue Moon Metals Inc.
Blue Moon is at the helm of advancing several brownfield polymetallic projects, including the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project in Norway, alongside the Blue Moon zinc-gold-silver-copper project in the United States. With existing local infrastructure supporting these projects, the company is strategically positioned in regard to critical metals essential for both the global economy and national security.
Company Commitment to Local Communities
Blue Moon is dedicated to fostering economic and social growth in the regions surrounding its projects. The company firmly believes in the positive impact that its operations can have on local communities and works to reinforce these connections.
Frequently Asked Questions
What is the purpose of the exploration decline?
The exploration decline will enable underground access for critical activities such as drilling, geotechnical testing, and metallurgical studies essential for the project's development.
Who is responsible for the decline construction?
Small Mine Development, L.L.C. has been awarded the contract for the decline construction, leading this crucial phase of the project.
How long will the construction take?
The initial 2,500 feet of the exploration decline is expected to be completed by the second quarter of 2026.
What is Blue Moon's focus in Europe?
Blue Moon has engaged SRC Swiss Resource Capital AG to enhance its investor relations and communication efforts in Europe, ensuring better outreach to current and potential shareholders.
What is the significance of the company's projects?
Blue Moon is advancing significant polymetallic projects that are strategically important in the global economy, focusing on metals that are critical for various industrial applications and national security.
