Red Moon Resources - Black Bay Nepheline Project Update
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946 Email: [email protected]
www.redmoonpotash.com
News Release
August 24, 2017
Stock Symbol: TSX.V: RMK
Red Moon Resources - Black Bay Nepheline Project Update
St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the
Company” - “Red Moon” TSX -V: RMK), announces that it has received positive results
from the metallurgical and beneficiation analysis carried out on samples from its nepheline
deposit. Activation Laboratories (Thunder Bay, Ontario metallurgy lab) and SGS (Lakefield,
Ontario), conducted metallurgical test work on composite samples from the Black Bay nepheline
project following the favourable assay results from bedrock samples collected du ring 2016 field
work. A detailed description of the metallurgical analysis is posted at
http://www.redmoonpotash.com/projects/red-bay-nepheline/727-2/. The results of this work are
presented below.
An initial 3 kilogram composite of the three highest aluminum oxide grab samples was subjected
to mineralogical characterization to determine mineralogical composition, grain size distribution,
particle locking and liberation factors which indicate the susceptibility of the various minerals to
separate from each other when crushed and ground to smaller particle sizes.
This analysis indicates that approximately 93.6% of the composite sample comprises aluminum
silicates, of which 35.1% is nepheline. Further, the analysis demonstrate s that 88.2% of the
nepheline is “free”, as opposed to being attached to iron-bearing minerals; iron-bearing minerals
(oxides and micas) were also shown to be 86.7% free. This suggests that during crushing and
subsequent concentration of nepheline, iron -bearing minerals can be efficiently separated and
removed.
The primary objective of the beneficiation test work was to determine the degree to which the
iron oxide content of a processed sample could be reduced by magnetic separation. The value of
nepheline products is related to its iron content. Products generally require less than 0.2% iron
oxide and higher-value glass specifications generally require 0.1% iron oxide or less. The test work
on the Black Bay sample reduced the iron oxide content to 0.12% which suggests that the Black
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946 Email: [email protected]
www.redmoonpotash.com
Bay nepheline is amenable to processing to a high value product. Further analysis on a larger
sample will be required to confirm this initial assessment. As a result, the Company will obtain a
composite bulk sample exceeding 1 tonne to further te st it’s metallurgical and beneficiation
characteristics. This program will commence in September by way of channel sampling exposed
areas of the nepheline deposit that have demonstrated the highest -grade aluminum oxide in
2016 field work.
The property is situated along the southern Labrador highway 10 kilometers from Red Bay and 6
kilometres from tide water at Black Bay. The Blanc Sablon, QC airport is a 90 -minute drive from
the property.
Patrick Laracy, President and CEO commented “ Nepheline projects that can meet industrial
specifications in accessible areas near tide water are rare. We are very encouraged by our initial
results and look forward to processing more material to gain greater confidence in the ability of
the Black Bay deposit to deliver a pro ject worthy of resource definition and advancement to
feasibility analysis. ”
Please refer to www.redmoonpotash.com for further information about the Company’s projects.
Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo. are qualified persons responsible
for the contents of this news release as defined in National Instrument 43-101.
We seek Safe Harbor.
Red Moon is an industrial minerals exploration and development company which in addition to
its Black Bay Nepheline project is advancing the Ace Gypsum deposit and Captain Cook salt
deposit towards development in Western Newfoundland. Vulcan Minerals Inc. (TSX.V: VUL) owns
approximately 67% of the common shares of Red Moon.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release. This release may contain certain forward -looking statements. Actual
events or results may differ from the Company’s expectations. Certain risk factors beyond the
Company’s control may affect the actual results achieved. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except by law, the Company undertakes no
obligation to publicly update or revise forward-looking information.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186