Blue MOON Engages Mda FOR Preliminary Economic Assessment
BLUE MOON ENGAGES MDA FOR PRELIMINARY ECONOMIC ASSESSMENT
October 10, 2017 – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “ Company”) is
pleased to announce it has engaged Mine Development Associates, Inc. (“MDA”) to carry out a
Preliminary Economic Assessment (“PEA”) of the Blue Moon zinc project in the foothills of
California. MDA is an independent and internationally recognized engineering firm based in Reno,
Nevada. Completion of the PEA is expected in the first quarter of 2018.
The updated NI 43-101 Mineral Resource estimate announced on October 3, 2017 saw a 20%
increase in the indicated zinc resource to 377 million pounds of zinc and a 23% increase d in the
inferred zinc resource to a total of 395 million pounds of zinc, u sing a 4% zinc equivalent cut-off
grade. The updated Mineral Resource estimate will be utilized in the PEA.
Patrick McGrath , Chief Executive O fficer, stated “ We are confident in MDA’s experience to
develop a high quality technical report that will provide our shareholders with a preliminary
analysis of Blue Moon’s economic potential. MDA has a solid reputation and has worked
extensively in the western United States . We believe the B lue Moon project represents an
excellent near-term development project for our shareholders.” MDA’s past clients include
Golden Queen where MDA co-authored a 2015 feasibility study for the Soledad Mountain mine
in Southern California that went into commercial production in December 2016. MDA will be
assisted in the PEA by Samuel Engineering, an independent engineering firm based in Denver,
Colorado.
The Blue Moon zinc deposit had modest production during World War II with approximately
56,000 tons mined at 12% zinc. Advanced stage work continued during the 1980s and 1990s by
mid-tier producers Imperial Metals and Boliden , including scopi ng and optimization studies ,
metallurgy testing, baseline work and culminated in the granting of a permi t issued by the local
Californian County to build a shaft for underground development in 1991. The permit has since
lapsed but the past production and historical issuance of permits signifies the local County’s past
support of the project’s development.
The Blue Moon team includes two members w ith comprehensive knowledge of mining in
California including building and revitalizing mines. Lutz Klingmann permitted, built and brought
into commercial production the Soledad Mountain mine as Chief Executive Offic er of Golden
Queen and Lawrence O ’Connor restarted the Mesquite m ine as VP Operations of Western
Goldfield (now New Gold).
About Blue Moon
The 100% owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million
tons with a grade of 8.3% zinc equivalence including approximately 377 million pounds of zinc in
the Indicated category and 4.1 million tons with a grade of 7.8% zinc equivalence including
approximately 3 95 million pounds of zinc in the Inferred category with significant credits of
copper, silver and gold. The resource is open at depth and along strike and historical metallurgical
testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the
resource and summarizing metallurgical recoveries will be available on the company’s website
(www.bluemoonmining.com) and on SEDAR within 45 days of October 3, 2017 . The Company
plans to advance the Blue Moon project through to feasibility, permitting and ultimately
production.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101,
has reviewed the scientific and technical information that forms the basis for this press release.
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
For additional information related to communications, media relations and investor relations
please contact:
Terry Bramhall
1-604-833-6999
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty
that all or any part of mineral resources will be converted to mineral reserves. Inferred Mineral Resources are based
on limited drilling which suggests the greatest uncertaint y for a resource estimate and that geological continuity is
only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no
certainty that all of the inferred resources will be converted to measured and indicated resources. Quantity and
grades are estimates and are rounded to reflect the fact that the resource estimate is an approximation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of t he
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes
certain statements that may be deemed to be forward-looking statements. All statements in this release, other than
statements of historical facts that address the Company’s intention with the Blue Moon project, access to capital,
regulatory approvals, exploration and development drilling, exploitation and development activities and events or
developments that the Company expects are forward -looking statements. Although the Company believes the
expectations expressed in such forward -looking statements are based on reasonable assumptions, 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, exploitation and exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes
in government policies regar ding mining and natural resource exploration and exploitation, and 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 performan ce 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. For more information
on the Company, investors should review the Company's continuous disclosure filings that are available at
www.sedar.com.