Blue Moon Metals Inc (BMOOF)

[Bassman101]

Streetwise Reports Features BLUE MOON ZINC CORP. November 13th 2017

Blue Moon Zinc Corp. (MOON:TSX.V; BMOOF:OTC) also is looking to fill the zinc supply gap with the exploration of the Blue Moon zinc mine in California. The mine saw production during World War II, and in the 1980s and 1990s had advanced stage exploration conducted. A Sept. 14 article in Streetwise Reports focused on the historical data for the project. Subsequently, the company released an updated mineral resource estimate on Oct. 3.

CEO Patrick McGrath announced the "The updated Mineral Resource contains an estimated 377 million pounds of zinc in the Indicated Mineral Resource category and a further 395 million pounds of zinc in the Inferred Mineral Resource category, both at a conservative 4.0% ZnEq cut-off grade." The company has noted that these numbers represent a 20% increase in the Indicated category and a 23% increase in the Inferred category.

McGrath noted that "the Mineral Resource update coupled with prior metallurgical testing by Lakefield Research in 1998 (now SGS) which indicated excellent recovery and a clean concentrate, gives us confidence to proceed with the Preliminary Economic Assessment (PEA) of the Blue Moon deposit."

And so, the company is moving ahead with the PEA with all due haste. Blue Moon announced that it has engaged Mine Development Associates (MDA) to carry out the PEA. The firm has experience in California: MDA co-authored in 2015 a feasibility study for Golden Queen's Soledad Mountain mine in Southern California, which went into production in late 2016. Blue Moon's PEA is expected in Q1 2018.

Technical analyst Clive Maund of CliveMaund.com in June wrote, "fundamentally and technically the outlook for Savant Explorations (now Blue Moon Zinc Corp.) is good. This is primarily a zinc stock with the company advancing its Blue Moon project in California that also has significant quantities of gold, silver and copper."

On Sept. 24, Maund noted, "the zinc price is buoyant and is expected to remain so, especially when commodities as a whole advance as the dollar tanks, after its expected 'dead cat' bounce."

On Oct. 13, Clive Maund wrote, "Blue Moon is a rated a buy again here and especially if it should drop a bit further to the 5 cent level. It could zig-zag around for a while in this area marking out a small base pattern before advancing anew."