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Will zinc take over lithium as the cheaper, safer, next better technology to energy storage? It’s here and is in use. California power grid. https://www.bestmag.co.uk/indnews/redflow-supply-us-microgrid-2mw-zinc-bromine-flow-battery-storage
L2 looks pretty thin here. It may be ready for a move up above 0.075 cdn soon.
$0.30/share based on resource in the ground from past 43-101. Last two drill holes would have upped those resources to even more. Expecting this to be valued according in due time.
https://stockhouse.com/companies/bullboard?symbol=v.moon&postid=32769924
MOON.v - 771M lbs Zinc + Yava border 300M oz Ag Hackett Lake
Blue Moon Zinc (the corporate name but also the name for it's California project) is an under the radar company with high return to risk ratio. Here are the reasons why.
MOON has two properties:
1) Blue Moon in California, USA, 5hrs drive from Tesla Giga Factory in Nevada. Resource valued at $0.33/share
2) Yava in Nunavut, Canada. Resource next to Hackett Lake. Resource not yet available.
Blue Moon, California
Resource: 772M lbs Zinc, 70M lbs Copper, 46M lbs Lead, 300k oz Gold, 10.4M oz Silver
Resource is about 50% inferred and 50% indicated
Value of Resource: using 1% of current spot market price for inferred and 2% of current spot market price for indicated to value the resource, we come up to a value equivalent to $0.33/share.
Predominantly Zinc, which has traditionally just been an industrial metal. In recent years is being researched for the next generation of less expensive, safer and higher capacity portable battery storage. Companies such as Natenergy, E-Zinc, Zinc8 are in the zinc air battery sector to commercialize the technology in California and New York. State government is setting clean energy goals and is looking at alternative technologies than Ion Lithium for clean energy storage. California is beginning clean air emmissions starting year 2024! And Tesla has even applied for metal battery technology patents!
If Zinc becomes the technology of choice which imo is definitely in the lead vs. other technologies to replace/substitute lithium ion, Blue Moon mine being the only meaningful zinc mine in California, will be a top runner in any offtake contract.
Other factors making Blue Moon project a highly prospective return project:
- America first approach; supply chain risk lowered with local source of resource
- Near term production: with resource already in inferred and indicated category, next step is further drilling for feasibility plan, and then permit to construct
- County is supportive of mining job, not expecting political delays/roadblock
- Zinc air battery tech companies setting up shops in California with regulations mandating cleaner air, dealing out innovation funds for companies to research and commercialize zinc technologies
Yava, Nunavut, Canada
This is the most exciting and not yet spoken/marketed property out of the two
Yava is in the same area and made up of the same silver rich volcanic material as Hackett Lake. So what's Hackett Lake?
Hackett Lake which Sandstorm gold has taken a 2% NSR has confirmed the following resource:
- 6B (billion) lbs zinc
- 770M (million) lbs copper
- 950M (million) lbs lead
- 600K oz gold
- 315M (million) lbs silver
Gold is not the most abundant, but 315M oz silver, 6B lbs zinc and 770M lbs copper! Based on macro economics, silver and copper is expected to rise in price, increasing value of this great resource. "“Hackett River is a silver-rich volcanogenic massive sulphide project and is one of the largest undeveloped projects of its kind. The property is made up of four massive sulphide deposits that occur over a 6.6 km strike distance.”
Back to Yava. Yava shares the same Greenbelt Zone, and there is evidence that it is formed fromthe same volcanic material likely at the same time. Much of the details of this is found: https://bluemoonmining.com/wp-content/uploads/2017/05/YAVA-43-101.pdf. While more drilling needs to be done, a grab sample assayed 4960 grams per ton silver! That's amongst the top grading silver in resource exploration!
What will Yava yield? In my opinion based on 1) it's the same volcanic makeup where Hackett resulted in 300M oz silver, 2) proximity between the two properties, 3) grab sample of 4960 grams per ton, 4) same greenshoe belt, there is validity of high potential at Yava. Google search of the Hackett Lake property will yield much more exciting results when drilled by Sabina, then sold to Glencore.
Blue Moon in California was dormant for past year due to the JV Partner not being active on the property. This is likely resulting in the company taking back the property and operating it on its own with feasibility and then mine permitting. Jemini Captial was brought on recently to help with market awareness and financing to execute and making it a success. Blue Moon in my opinion is on auto pilot as we move towards those goals and market cap increases.
Then there is Yava which no one knows about it yet and is not fully mentioned by the Company. If they were to start drilling on that property and first few holes come up with similar grams per ton as the grab sample, this stock is no longer at $5m market cap. Drilling excitment and the potential of the Hackett Lake resources being similar as Yava will send this to $50-$100m market cap quite quickly. Looking further, could an opportunist buy out and combine Yava and Hackett Lake together?
The resource potential for Blue Moon could make MOON one of the most stellar stocks on the TSXV going into and into 2021.
BLUE MOON TARGETS NEW DISCOVERIES
AS DRILLING COMMENCES AT ZINC-RICH VMS DEPOSIT
August 29, 2018 – Blue Moon Zinc Corp. (TSXV: MOON; US: BMOOF) (the “Company”) is pleased to announce that a Phase 1 drill program has just commenced at the Company’s 100%-owned Blue Moon zinc-rich Volcanic Massive Sulphide (“VMS”) deposit in Mariposa County, California. This is the first drilling at this project in more than 25 years with new interpretations of the system providing strong potential for fresh discoveries to significantly expand the known zinc-copper-silver-gold resource.
Patrick McGrath, Blue Moon CEO, commented: “It’s an exciting new time for Blue Moon shareholders as we put our extensive review of historical data to work to identify potential new zinc-rich massive sulphide zones that could dramatically change the scale and dynamics of this project.”
Initial drilling (approximately 4,000 feet or 1,200 meters) will target northern and southern extensions of the upper Main and West lenses between a depth of 500 and 1,000 feet from surface.
Blue Moon geologists also recently performed a comprehensive review of historical data and identified multiple additional priority targets that could represent potential new high-grade zones and/or expansion of current zones, including but not limited to:
600 feet of favourable untested stratigraphy immediately north of the East Zone;
Down plunge extensions of the Main and West zones;
Drill holes on the south flank of the West zone horizon cut stringer mineralization suggesting it is a feeder zone and points to a massive sulphide target to the south of the West zone. Further evidence for massive sulphides in this area comes from an untested off-hole electromagnetic (EM) conductor identified by previous operator Westmin;
A 2,400-foot gap between mineralization in holes B-67, B-70 and B-66 is largely untested and warrants multiple exploration holes with the potential of discovering additional massive sulphide zones;
A 1,500-foot-long zinc-in-soil anomaly with values ranging from 390 to 2,500 parts per metre (“ppm”) has only been tested by four shallow holes and warrants further exploration drilling to test for massive sulphide mineralization underlying the soil anomaly.
Meanwhile, a review of drilling logs of the historical holes used in the NI-43-101 resource calculation revealed numerous intervals of massive and semi-massive sulphides that were not analysed. The Company will systematically sample and assay these intervals as part of the current drilling program.
Please visit our website (www.bluemoonmining.com) for additional information and to review our new corporate video.
About Blue Moon
The Company is currently advancing its 100% controlled Blue Moon polymetallic zinc deposit, which also contains significant credits of copper, silver and gold. The deposit, which is open at depth and along strike, yields historical metallurgical testing that indicates excellent mineral recovery and a clean zinc concentrate. A NI 43-101 technical report detailing the geological resource and summarizing metallurgical recoveries is available on the company’s website (www.bluemoonmining.com), and filed on SEDAR on November 13, 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, and has reviewed the scientific and technical information that forms the basis for this news release.
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
Blue Moon Receives Multi-Year Drill Permit to Further De-Risk its 100% Controlled Zinc Project
July 20, 2018 – Blue Moon Zinc Corp. (TSXV: MOON; US: BMOOF) (the “Company”) is pleased to announce it has received all necessary drill permits for its planned exploration and development programs at its advanced Blue Moon Zinc Deposit. The multi-year drill permit provides for the development until June 2022, including extensions, to complete further drilling.
"The receipt of the drill permit is a significant milestone for the Company and represents the government and community support for the continued exploration and development of the Blue Moon Deposit. We continue to reach new milestones at the project, as we look to further de-risk the deposit and highlight the robust nature of the high-grade resource,” stated Patrick McGrath, Chief Executive Officer of Blue Moon Zinc. “Our technical team has identified new drill targets and potential new zones through the analysis of historical data to further enhance and expand the known resource at the project. We will look to update the market shortly on timing and focus of the Phase One drill program, and I would like to thank our shareholders for their patience as we systematically and methodically advance the project.”
About Blue Moon
The Company is currently advancing its 100% controlled Blue Moon polymetallic zinc deposit, which also contains significant credits of copper, silver and gold. The deposit, which is open at depth and along strike, yields historical metallurgical testing that indicates excellent mineral recovery and a clean zinc concentrate. A NI 43-101 technical report detailing the geological resource and summarizing metallurgical recoveries is available on the company’s website (www.bluemoonmining.com), and filed on SEDAR on November 13, 2017. The Company plans to advance the Blue Moon project through to feasibility, permitting and ultimately production.
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
Way more than normal volume here today
Friends, "Zinc" is trading near decade highs and there's an 11-cent Zinc stock that's about to start a new leg to the upside after doubling in price since the beginning of the year.
Grab what you can TODAY because the chart and the fundamentals are telling us, BLUE MOON ZINC (TSX.V: MOON) is going to be at new highs during this 2nd half of March!!!
MOON is preparing for a DRILL PROGRAM at its Zinc-rich VMS deposit in the foothills of California, and earlier this week the company further strengthened an already impressive team by adding industry veteran Peter A. Ball to its board of directors. Ball is also involved in advising Bonterra Resources (TSX.V: BTR), a successful gold junior in Quebec with a $100 million+ market cap.
MEET THE CEO!
BLUE MOON's biggest investor is its own CEO, Patrick McGrath, who has roots in Newfoundland.
We like this young entrepreneur. He was born in Montreal but moved to Newfoundland when he was just 5 and stayed there until he finished university. He did well in the Oil business and he's now living in Houston, focusing on making BLUE MOON a leading North American zinc play.
CLICK ON THE LINK below as McGrath talks about the "blue sky" potential of the Blue Moon deposit which already has 800 million pounds of zinc, 70 million pounds of copper, more than 10 million ounces of silver and 300,000 ounces of gold in NI-43-101 Indicated and Inferred resources.
MOON CEO Clip
BLUE MOON = BLUE SKY!
Zinc is a hot commodity, and Betty and I and some very good geologists see enormous potential in MOON as it prepares to drill its zinc-rich VMS deposit
MOON is liquid and trading near MULTI-YEAR HIGHS!! Just 100 million shares outstanding for a market cap of only $10.5 million.
At 10 or 11 cents you can't go wrong - this one is going much higher, so join us on the bid!
ART and BETTY FORD
LONG DRUNG CONSULTING INC.
NEWFOUNDLAND, A1V-1T1
(709) 256 8965 /CELL (709) 424 4875
arthritis73@nl.rogers.com (email)
blford@nl.rogers.com
Blue Moon (MOON.V) rises as zinc mines shut in China
Lukas KaneMarch 5, 20180
http://bit.ly/2FhvStx
Beijing, China – I’m currently staying in a 400-year-old neighborhood, called ????1???? [Jingyang Hutong No.1 Siheyuan].
During the day, it’s a noisy, bustling hive of foot traffic.
At night, it’s silent – except for the constant hacking and coughing of my neighbours around the courtyard.
In a minute I’m going to explain how these hacking Chinese urbanites have destroyed China’s zinc production and how you can profit from it.
But first – let me fill in the back story so you understand this isn’t a surface ripple – it’s a tidal shift.
Researchers from Berkeley Earth estimate that 1.6 million Chinese die every year from pollution-related health issues.
The annual economic cost is about $700 billion – from medical expenses, hospitalisation and lost productivity.
The 2.5 PMI index measures the really harmful pollutants – the ones that get down into the lungs and never leave.
The World Health Organisation says anything above 40 is unhealthy.
At this moment – in real time – the pollution is 11 times worse in Beijing than my hometown of Vancouver, BC.
That’s hardly surprising.
But here’s what might be: today is a “clean air day” in Beijing.
The normally ubiquitous gas-masks are gone.
The PMI 2.5 index is often above 800.
Take this to bank: the Chinese government is motivated to reduce pollution.
No, they’re not gong to quit coal over-night.
No, they’re not going to forbid the swelling middle-class to purchase SUVs.
They are going to do what they can do, without derailing the economic train.
Example: In 2017, 60% of zinc mines in Sichuan province were shut down after failing inspections from the Environment Protection Unit.
Zinc is used to galvanize steel or iron, against rusting.
It didn’t take long for the effect to be felt: in January, 2018 refined zinc imports to China surged to 67,111 tonnes, up 287%.
The global market for refined zinc was in deficit by 485,000 metric tonnes over the first 11 months of 2017, with inventories plummeting by 320,000 metric tonnes over the same period.
China is now looking for cheap, reliable zinc imports.
That’s a game-changer for zinc developers, close to international shipping centers.
Enter Blue Moon Zinc (MOON.V) which own 100% of the Blue Moon Zinc deposit in east central California.
Main transmission lines and a hydroelectric power generation facility are both within one mile of the property.
Seaports, rail and trucking routes are all accessible. It’s a three-hour drive to the Oakland port.
On October 2, 2017, MOON announced an updated NI 43-101 Mineral Resource estimate announced which saw a 20% increase in the indicated zinc resource to 377 million pounds of zinc.
There was also a 23% increase in the inferred zinc resource to a total of 395 million pounds of zinc, using a 4% zinc equivalent cut-off grade.
Last October, Blue Moon engaged a Reno Engineering firm (MDA) to begin a Preliminary Economic Assessment (PEA) of the Blue Moon zinc project in the foothills of California. Completion of the PEA is expected Q1, 2018.
In 2015 MDA co-authored a 2015 feasibility study for the Soledad Mountain mine in Southern California that went into commercial production the next year.
“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,” stated Blue Moon’s CEO Patrick McGrath.
The updated Mineral Resource estimate is being utilized in the PEA.
A PEA is often a precursor to a bankable feasibility study. At that point things get real. The story-telling stops and the bean-counters take over. Assume, for the sake of argument, your mine has a capital cost of $100 million.
The bankable feasibility study will calculate the risk of the lender losing all or part of the $100 million.
That risk calculation is one of the reasons veteran mining men avoid countries with unstable governments or weak mining jurisdictions.
If an election result could torpedo your mine, it’s going to have to show a much higher level of profitability to offset that risk.
Patrick McGrath, Blue Moon CEO, outlines goals, growth opportunities and challenges
The Blue Moon zinc deposit had modest production during World War II with approximately 56,000 tons mined at 12% zinc. During the 1980s scoping, optimization studies, metallurgy testing and baseline work were completed.
In 1991 the local Californian County issued a permit to build a shaft for underground development. The permit has since lapsed but “past production and historical issuance of permits” signifies a history of pro-mining sentiment.
The MOON team “includes two members with comprehensive knowledge of mining in California including building and revitalizing mines.
Lutz Klingmann brought the Soledad Mountain mine into commercial production, and Lawrence O’Connor restarted the Mesquite mine as VP Operations of Western Goldfield (now New Gold).
MOON’s current Mineral Resource is open at depth and along strike and historical metallurgical testing indicates excellent recovery and a clean zinc concentrate.
Historically, China has always met its own zinc demand.
China importing zinc is like Jamaica importing pot.
It’s hard to wrap your head around.
But that’s what is happening.
MOON’s stock price has doubled in 2018.
Think you missed the ride and will be left standing alone without a dream in your heart?
It’s trading at .12 with a market cap of $11.7 million.
The butterfly effect: man coughs in China – a truck full of zinc rattles down a Californian highway.
Full Disclosure: Blue Moon Zinc is an Equity Guru marketing client, we also own stock.
Yes, MOON is a must-have addition to one's portfolio and more so with a pending PEA. In light of the fact that the county is in the lead on this project, and no water issues nor social issues, the timing is great. Oh...almost forgot to mention the seismic results that clearly indicate VMS on the property. It's time to start accumulating this stock!
Blue Moon Zinc
Can Zinc stay hot in 2018? NAI500 Commentary:
Gilbert Chan February 26, 2018
Zinc leads all the base metals in terms of price rally since midyear last year, why did this happen and can this trend continue in 2018?
Zinc metal market has been in deficit since 2016
The inventory of Zinc continues to be eaten up, with the
supplies look to be down for another year.
Zinc is more or less a “construction & infrastructure” metal, with
the demand increase from China, India and even in USA, it
puts upward pressure on the metal price
Will the Zinc metal price be sustainable in 2018?
The strong global economic recovery looks very likely to continue in 2018, that’s always a good sign for base metals including Zinc
.
Owing in large part to primary mined supply constraints, it will push the refined market balance into an even more substantial deficit position.
No major new Zinc mine productions are in sight
Anyone else besides me following this one?
Purchase I made yesterday did not even show up in the traded activity. Hmmmm
Yeah, I bought shares this morning, but the transaction isn’t even showing on the L2.
Blue Moon Announces Closing of $520,000 Financing
Canada NewsWire
VANCOUVER, Feb. 14, 2018
Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the "Company") announces the Company has closed a non-brokered private placement of $520,000 at a price of $0.10 per unit (the "Unit") with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each warrant shall entitle the holder thereof to acquire one common share at a price of $0.15 per share for a period of 24 months. Officers and directors purchased 27% of the financing. All common shares issued are subject to a hold period expiring four months and one day from closing in accordance with applicable securities laws. A finder's fee of $5,500 was paid in connection with the financing.
Patrick McGrath, Chief Executive officer, stated, "The proceeds will be used to advance the Company's wholly-owned Blue Moon zinc project including finalizing the drill permit for the anticipated drill program and general working capital and continued marketing efforts."
In the event the closing price of the Company's common shares exceeds $0.22 per share for ten consecutive trading days, the Company may accelerate the date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the day on which such notice is given by the Company.
The Company also granted 200,000 stock options to consultants, each option being exercisable for a five-year term at a price of $0.11 per common share. The options are governed by the terms and conditions of the Company's stock option plan.
About Blue Moon
The Company owns 100% of the Blue Moon polymetallic zinc deposit with significant credits of copper, silver and gold. The deposit 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 is available on the company's website (www.bluemoonmining.com) and filed on SEDAR on November 13, 2017. The Company plans to advance the Blue Moon project through to feasibility, permitting and ultimately production.
SOURCE Blue Moon Zinc Corp.
View original content: http://www.newswire.ca/en/releases/archive/February2018/14/c1756.html
Contact:
Patrick McGrath, CEO, 1-832-499-6009, pmcgrath@bluemoonmining.com; For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall, 1-604-833-6999, tbramhall@bluemoonmining.com
Yeah, i am watching it closely. Considering making a play.
Tight Zinc Supply
Mining Capital's Alastair Ford says zinc, the metal used to make steel, is soaring in price due to the global economy marching forward and a strong demand for all sorts of metals.
This bodes well for Blue Moon going forward into 2018 and beyond. With a PEA looming on the near horizon, investors in MOON, are going to have galvanized smiles in the months ahead.
http://bit.ly/2nOrFGW
BLUE MOON ANNOUNCES $520,000 FINANCING
February 7, 2018 – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “Company”) announces it has arranged a non-brokered private placement of $520,000 at a price of $0.10 per unit (the “Unit) with each Unit consisting of one common share and one common share purchase warrant (a “Warrant”).
Each Warrant shall entitle the holder thereof to acquire one common share at a price of $0.15 per share for a period of 24 months. In the event the closing price of the Company’s common shares exceeds $0.22 per share for ten consecutive trading days, the Company may accelerate the date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the day on which such notice is given by the Company. Officers and directors will be participating in the financing. Proceeds of the financing will include the cost of finalizing the anticipated drill permit, general working capital and marketing of the Company.
About Blue Moon
The Company owns 100% of the Blue Moon polymetallic zinc deposit with significant credits of copper, silver and gold. The deposit 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 is available on the company’s website (www.bluemoonmining.com) and filed on SEDAR on November 13, 2017. The Company plans to advance the Blue Moon project through to feasibility, permitting and ultimately production.
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall
1-604-833-6999
tbramhall@bluemoonmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Resource estimates included in this news release are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions set forth in the relevant technical report and otherwise, 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 for zinc, the results of future exploration, uncertainties related to the ability to obtain necessary permits, licenses and titles, changes in government policies regarding mining, 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 performance 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.
The securities referenced in this news release have not and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Zinc Prices Climbed 7 Percent in January on Supply Fears
Supply worries, declining stockpiles and a weaker US dollar have supported prices for the base metal, and it continues to attract investor attention.
The base metal started the year at a decade high, trading at $3,352 per tonne, and continued its uptrend throughout the month, closing January at $3,589.
Zinc inventories hit a 10-year low last month, fueling concerns about supply. In fact, Reuters reported that shortages of refined metal have seen stocks in LME-approved warehouses fall to their lowest since 2008.
“Prices will stay elevated because we have a market deficit that requires inventory drawdown,” Societe Generale (EPA:GLE) analyst Robin Bhar said at the time.
Similarly, ING (NYSE:ING) analyst Warren Patterson expects the zinc market to be “fairly tight” at least for the first half of the year, as investors’ fears over shrinking supply and a lack of new mine production continue to increase.
According to Wood Mackenzie, zinc mine supply is forecast to grow by 664,000 tonnes this year, following an estimated increase of 785,000 tonnes in 2017.
“However, the extremely strong growth in mine supply in 2017 and 2018 is insufficient to replenish global stocks of concentrate which are forecast to remain at critically low levels,” the firm said last month.
As a result, Wood Mackenzie expects a deficit of 350,000 tonnes this year and 150,000 tonnes in 2019.
Meanwhile, a weaker US dollar, now at three-year lows, has also supported zinc. That’s because a softer greenback makes commodities priced in dollars cheaper for investors using other currencies.
In terms of demand, FocusEconomics analysts forecast an increase this year due to expected higher demand in markets including China, the European Union and the US.
“The trend of higher prices is set to continue as efforts by the Chinese government to crackdown on environmental pollution and improve mine safety has severely disrupted production,” analysts at the organization said.
Firms recently polled by FocusEconomics expect zinc prices to remain high throughout the first half of the year. They estimate that the average zinc price will be $3,170 in Q1 2018.
The most bullish forecast for the quarter comes from TD Economics, which is calling for a price of $3,475; meanwhile, Danske Bank (CPH:DANSKE) is the most bearish with a forecast of $2,800.
Don’t forget to follow us @INN_Resource for real-time news updates!
Blue Moon Zinc Interview with CEO, Patrick McGrath
Check out this straightforward interview with Blue Moon Zinc CEO Patrick McGrath.
http://bit.ly/2EK1h8z
Published on Feb 5, 2018
Blue Moon Zinc
http://bluemoonmining.com
TSX-V: MOON | OTCPink: BMOOF
Patrick McGrath
Chief Executive Officer & Director
http://twitter.com/BlueMoonZinc
http://facebook.com/bluemoonzinc
Zinc price will vault $4,000 within months – report
Frik Els 2018,
Zinc price will vault $4,000 within months – report
Reasons to be cheerful. Shift change at the George Fisher underground zinc mine in Australia. Source: Glencore
Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices.
In a research report consultants Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmental inspections in China has depleted global stocks of concentrate.
According to the report global zinc stockpiles fell by a third in 2017 to 1.8 million tons, equivalent to 47 days of global usage. Exchange stocks halved from 500kt to 250kt (equivalent to just 6 days of global consumption) over the same period.
By the end of the second quarter, there will be less than 40 days’ of stock available for consumers; "a critically low level" according to the authors which should propel prices to $4,000 a tonne in the third quarter of this year.
Zinc price will vault $4,000 within months – report However, says Woodmac, zinc has the potential to rally even further:
"As the rapid escalation of the price thus far in 2018 has demonstrated, there is a strong possibility that investor
enthusiasm will pre-empt the tightness in the refined market and the cyclical peak in the price could be higher and sooner than
our base case assumption of a Q1 2019 average of $4,100/t."
Zinc has more than doubled since hitting multi-year lows in January 2016 when top producer Glencore curtailed production to shore up prices.
In December, Glencore said it would restart its Lady Loretta mine in the first half of this year, but added that it still expects zinc output to decrease slightly in 2018 to a shade under 1.1 million tonnes. In 2019, Glencore sees its zinc output creeping back up to 1.16 million tonnes.
Overall global zinc supply is to increase with additional capacity coming online in Australia (MMG's Dugald River project) and South Africa (Vedanta's Gamsberg mine).
Zinc price will vault $4,000 within months – report
In a research report consultants, Wood Mackenzie said the combination of scheduled mine closures, top producer Glencore's strategic cuts and the impact of environmental inspections in China has depleted global stocks of concentrate.
According to the report global zinc stockpiles fell by a third in 2017 to 1.8 million tons, equivalent to 47 days of global usage. Exchange stocks halved from 500kt to 250kt (equivalent to just 6 days of global consumption) over the same period.
By the end of the second quarter, there will be less than 40 days’ of stock available for consumers; "a critically low level" according to the authors which should propel prices to $4,000 a tonne in the third quarter of this year.
Zinc price will vault $4,000 within months – report However, says Woodmac, zinc has the potential to rally even further:
"As the rapid escalation of the price thus far in 2018 has demonstrated, there is a strong possibility that investor
enthusiasm will pre-empt the tightness in the refined market and the cyclical peak in the price could be higher and sooner than
our base case assumption of a Q1 2019 average of $4,100/t."
BLUE MOON QUOTED ON PINK SHEETS AND DTC ELIGIBLE; POSITIVE IMPACT FROM US CORPORATE TAX RATE REDUCTION
January 23, 2018 – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “Company”) is pleased to report that the common shares of the Company are now quoted for trading in the United States on the OTC Pink Sheets under the trading symbol BMOOF. In addition, the Company’s common shares are eligible for delivery and depository services of The Depository Trust Company (the “DTC”) to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages. Investors can find the current Canadian financial disclosure of the Company on www.sedar.com.
Effective January 1, 2018, corporate tax rates in the United States were reduced from 35% to 21%, among other changes favoring US businesses. The Company’s Blue Moon zinc deposit is domiciled in the US and the corporate tax reduction is expected to be beneficial to the project and the Company’s Preliminary Economic Assessment (“PEA”) expected to be released in late Q1 2018.
Patrick McGrath, Chief Executive officer, stated, "The US quotation with DTC eligibility should enhance and simplify trading of our shares in the US. The Company’s Blue Moon Zinc deposit is based in the US and we believe being quoted and tradable in the US is complimentary. We also welcome the recent US corporate tax reduction to 21% which we believe will improve the economics in the upcoming PEA"
About Blue Moon
The 100% owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million indicated tons with a grade of 8.3% zinc equivalence including approximately 377 million pounds of zinc and 4.1 million inferred tons with a grade of 7.8% zinc equivalence including approximately 395 million pounds of zinc 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 is available on the company’s website (www.bluemoonmining.com) and filed on SEDAR on November 13, 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.
www.bluemoonmining.com
For more information please contact:
Patrick McGrath, CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall
1-604-833-6999
tbramhall@bluemoonmining.com
Stock Syndicate "Blue Moon Zinc" feature
Zinc in California $$
MOON.V
January 19, 2018 by EndzoneGreen Leave a Comment
Blue Moon ($MOON.V) has agreed to buy b
image: http://stocksyndicate.com/wp-content/uploads/2018/01/MOON.V-300x196.png
MOON.Vack a 10-per-cent net profit interest (NPI) on the company’s 100-per-cent-owned Blue Moon zinc project. The NPI was originally issued in 1987 pursuant to a transaction between Westmin Resources (now Boliden) and Colony Pacific Exploration (now Imperial Metals). The current NPI holder, Northern Empire Resources, has agreed to accept $20,000 cash and the issuance of three million common shares of the company in return for the buyback. Good sign for shareholders that they are taking such a large chunk in shares.
Patrick McGrath, CEO and Director, Blue Moon Zinc
CEO Patrick McGrath stated: “The buyback of the NPI solidifies our ownership and economic interest in the Blue Moon project. We believe the buyback will be accretive to the project and deliver significant value to our shareholders over the long term including our preliminary economic assessment (PEA) expected later in Q1 2018.”
The Blue Moon polymetallic deposit has a mineral resource estimate of 3.7 million indicated tons with a grade of 8.3 per cent zinc equivalence including approximately 377 million pounds of zinc and 4.1 million inferred tons with a grade of 7.8 per cent zinc equivalence including approximately 395 million pounds of zinc 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. Blue Moon plans to advance the zinc project through to feasibility, permitting and ultimately production. Giddy up. http://bit.ly/2DsY92y
www.bluemoonmining.com
TSX-V-MOON OTC-BMOOF
Investor Relations
1-604-833-6999
BLUE MOON ANNOUNCES AGREEMENT TO BUYBACK 10% NPI
January 18, 2018 – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “Company”) is pleased to announce that it has agreed to buyback a 10% Net Profit Interest (“NPI”) on the Company’s 100% owned Blue Moon zinc project. The NPI was originally issued in 1987 pursuant to a transaction between Westmin Resources Limited (now Boliden) and Colony Pacific Exploration Ltd. (now Imperial Metals). The current NPI holder, Northern Empire Resources Corp., has agreed to accept $20,000 cash and the issuance of 3 million common shares of the Company in return for the buyback.
Patrick McGrath, Chief Executive Officer, stated “The buyback of the NPI solidifies our ownership and economic interest in the Blue Moon project. We believe the buyback will be accretive to the project and deliver significant value to our shareholders over the long term including our Preliminary Economic Assessment (“PEA”) expected later in Q1 2018.”
The Company also granted 1,000,000 stock options to consultants, each option being exercisable for a five-year term at a price of $0.08 per common share. The options are governed by the terms and conditions of the Company’s stock option plan.
About Blue Moon
The 100% owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million indicated tons with a grade of 8.3% zinc equivalence including approximately 377 million pounds of zinc and 4.1 million inferred tons with a grade of 7.8% zinc equivalence including approximately 395 million pounds of zinc 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 is available on the company’s website (www.bluemoonmining.com) and filed on SEDAR on November 13, 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
pmcgrath@bluemoonmining.com
For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall
1-604-833-6999
tbramhall@bluemoonmining.com
Zinc Prices Hit Fresh 10 Year High on Weaker US Dollar
Base metals rallied on Monday, with zinc prices climbing to a fresh decade high on the back of a weaker US dollar and lower inventories.
Zinc prices climbed to a fresh decade high on Monday (January 15), supported by a weaker US dollar and declining inventories.
LME zinc closed up 1.2 percent, at $3,423 a tonne, having touched a peak of $3,440 earlier in the day — its highest level since August 2007.
Overall it’s been a strong start of the year for the base metal, with prices increasing 1.4 percent year-to-date and more than 20 percent year-on-year.
Some analysts believe zinc prices might jump even further in 2018, as solid Chinese data, a weaker dollar and falling inventories continue to lend support.
“The bullish view has become the consensus in the market, and it’s very hard to see a deep correction in prices from here,” Richard Fu, head of Asia Pacific sales at Amalgamated Metal Trading, told Bloomberg.
On Monday, a falling US dollar supported a surge in all base metals, as a softer greenback makes commodities priced in dollars cheaper for investors using other currencies.
“It is a dollar story … which is behind this move,” said ING analyst Warren Patterson. “If you look at the speculative position in the metals, there is potential for further upside, if we continue to get positive economic data and strong manufacturing data.”
For Patterson, the zinc market is going to be “fairly tight” at least for the first half of the year, as investor fears over shrinking supply and a lack of new mine production continue to increase.
Supply-side concerns have also been fuled by declining warehouse inventories. Last week, LME zinc stocks fell for a 13th week, reaching their lowest level since October 2008. On Monday, on-warrant zinc inventories fell by another 10,000 tonnes to reach 116,675 tonnes.
“Prices will stay elevated because we have a market deficit that requires inventory drawdown,” Societe Generale (EPA:GLE) analyst Robin Bhar said last week.
Firms recently polled by FocusEconomics estimate that zinc prices will average $3,009 in 2018. The most bullish forecast for the year comes from TD Economics, which is calling for a price of $3,362; Danske Bank (CPH:DANSKE) is the most bearish with a forecast of $2,650.
Don’t forget to follow us @INN_Resource for real-time news updates
Zinc Powers Higher as Inventories Hit 10-year Low
Charlotte McLeod • January 11, 2018
Zinc prices continued to thrive this week, spurred higher by declining inventories and a lack of new mine supply.
The base metal reached $3,400 per tonne, its highest point since August 2007, on Tuesday (January 9) after nearing $3,350 earlier in the month.
Prices crossed the $3,000 mark last summer, and ultimately surged nearly 30 percent over the course of 2017. While many experts are calling for a more balanced market this year, it is expected to take some time for that balance to emerge.
“Prices will stay elevated because we have a market deficit that requires inventory drawdown,” Societe Generale (EPA:GLE) analyst Robin Bhar told Reuters on Tuesday.
“New supply and demand destruction due to zinc substitution will eventually rebalance the market, but that could take months, if not years,” he added, noting that new supply from small mines in Canada and Australia will not be enough to even out the current supply/demand imbalance.
According to a Scotiabank report released this week, LME zinc inventories currently stand at 180,175 tonnes, which is about a 10-year low. Meanwhile, global zinc stocks are at 419,000 tonnes, up 3.5 percent since the start of 2018, but down 44.7 percent year-to-date.
“Prices will stay elevated because we have a market deficit that requires inventory drawdown,” Societe Generale (EPA:GLE) analyst Robin Bhar told Reuters on Tuesday.
“New supply and demand destruction due to zinc substitution will eventually rebalance the market, but that could take months, if not years,” he added, noting that new supply from small mines in Canada and Australia will not be enough to even out the current supply/demand imbalance.
According to a Scotiabank report released this week, LME zinc inventories currently stand at 180,175 tonnes, which is about a 10-year low. Meanwhile, global zinc stocks are at 419,000 tonnes, up 3.5 percent since the start of 2018, but down 44.7 percent year-to-date.
image: https://investingnews.com/wp-content/uploads/global-zinc-inventories.png
global-zinc-inventories
Global zinc inventories from March 2011 to January 2018. Chart via Scotiabank.
It’s worth noting that if zinc prices continue to rise, demand for the metal could eventually fall due to substitution. In an article published this week, American Metal Market notes that if substitution occurs it will most likely happen in the alloys sector.
“If zinc prices surge to above $3,500 per tonne, we will see a drop in consumption,” the news outlet quotes an unnamed executive at a major zinc producer as saying. “If there’s an opportunity created by the zinc price being too expensive, people will just go for other materials. And they are not coming back.”
For now, however, zinc’s future remains bright. Firms polled recently by FocusEconomics estimate that the average zinc price for 2018 will be $3,009. The most bullish forecast for the year comes from TD Economics, which is calling for a price of $3,362.
http://bit.ly/2ARLqBg
Terry Bramhall
Investor Relations
Blue Moon Zinc Mining
604-833-6999
www.bluemoonmining.com
Going To The Moon! 10-15 Cent Target 1st Quarter
We initially brought Blue Moon Zinc (MOON, TSX-V) to the attention of subscribers last September as an astute buy when it was trading between about 5 and 7 cents. It quickly ran up to 11 cents at the beginning of October before settling back down to strong support.
What we like a lot about Blue Moon is its Zinc project in the foothills of northern California – a deposit with a significant NI-43–101 resource that’s wide open for expansion at depth and along strike (currently 3.7 million tons in the Indicated category grading 8.3% Zinc equivalent and 4.1 million tons of Inferred @ 7.8% ZnEq, both at a ZnEq cut-off grade of 4%).
Admittedly, California is not our favorite jurisdiction for mining – far too many environmental wackos down there. However, location is everything and the Blue Moon deposit has the advantage of being within a county that’s a Republican stronghold and very pro-business and pro-mining. Drill permits won’t be a problem and by all reports, county officials are eager to see this project go into production. This would be an underground operation with a limited environmental footprint at surface.
Mine Development Associates Inc. (MDA) has a solid reputation and is carrying out the PEA. MDA co-authored a 2015 feasibility study for the Soledad Mountain mine in Southern California that went into commercial production in December 2016. With sweeping tax reform in the United States, recently passed by Congress and signed by President Trump, the economics for Blue Moon should be more robust than ever, and of course Zinc prices just hit a new decade high.
MOON has about 90 million shares outstanding (no warrants) for a current market cap of $8 million based on today’s closing price of 9 cents. The move past 6 cents certainly triggered technical buying and strong volume came into the stock today.
It’s very hard in the current market to find a quality resource opportunity under 10 cents. We expect accumulation to continue with plenty of trading to occur in the 10 to 15-cent range this quarter, as you can see in the chart, in advance of the PEA and drilling to expand the resource.
http://www.bullmarketrun.com/wp-content/uploads/2018/01/MOON-Jan-10.jpg
Reduction of US Corporate Tax is beneficial for Blue Moon Zinc
The new reduction of American corporate tax should have a substantial impact on Blue Moon's ongoing PEA re: profitability with it's proposed development to production of their Zinc, Copper Silver, Lead ore-body.
www.bluemoonmining.com
Zinc hits two-week high on shortages, gains in steel prices
http://reut.rs/2iHmNB0
By Eric Onstad
LONDON, Nov 22 (Reuters) - Zinc climbed to its highest in two weeks on Wednesday on persistent concern about shortages and after Chinese steel futures rallied.
The zinc market is tight, with treatment charges (TCs) at low levels, an indication that concentrate supplies are thin, said Robin Bhar, head of metals research at Societe Generale.
“I still think prices need to stay at this level to get more supply. Spot TCs are still low, they haven’t picked up, so there’s a need to incentivise more supply,” he said.
* STEEL RALLY: Zinc, mainly used for galvanizing steel, got support after Chinese steel futures rallied for a third straight session.
Sentiment on zinc was also bullish at the China Lead and Zinc Week gathering in Shenzhen, participants said.
* ZINC DEFICIT: The global zinc market deficit widened to 39,800 tonnes in September from a revised deficit of 38,700 tonnes in August, data showed.
BMOOF Pins Mine Strategy to Zinc Price Trend
A once-productive mine in California’s gold country appears to provide a rare opportunity for Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) as demand in the zinc metal market fuels exploration for new resources. An article discussing this reads: “The Blue Moon project will be mined underground. The company has a resource of some 3.7 million indicated tons of ore graded at 8.33 percent zinc equivalent, which could yield about 377 million pounds of the metal at that level and more than 4 million inferred tons more with a grade of 7.84 percent zinc equivalence. The Blue Moon project also boasts silver, gold, and copper as byproducts.”
To view the full article, visit http://nnw.fm/Z5T7s
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a Canada-based exploration-stage mineral company has 100% ownership of the Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby. The zinc deposit is open at depth and along strike with a high likelihood of expansion. Historical studies of the project site show recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold. Simple processing methods will produce premium concentrates with easy separation of economic minerals. For more information, visit the company’s website at www.BlueMoonMining.com
Zinc prices rise to 10-year high after more than 500 jobs cut in northern Australia.
http://ab.co/2i9aX1j
Mining company Glencore's bold strategy to take about a third of its zinc off the market in 2015 has largely been credited for the mineral hitting a 10-year high.
Glencore's Lady Loretta and Mount Isa operations, as well as McArthur River in the Northern Territory, took the brunt of the 2015 supply cuts, with more than 500 jobs lost.
However, resource analyst Gavin Wendt said zinc was probably the best performing commodity in the past five years.
"If we go back to early 2016, we've actually seen a more than doubling in the price of zinc," Mr Wendt said.
Zinc is currently trading at more than $US3,000 a tonne on the London Metal Exchange and earlier in October reached a 10-year high of $US3,308 a tonne.
"It's reflective of very sound fundamentals associated with the commodity itself and by that I mean rising demand coinciding with a situation where supply has been restricted," Mr Wendt said.
Picture of John Tully
Mount Isa real estate agent John Tully says extensive cuts in zinc supply coincided with copper cuts and plummeted the population of the town. (ABC Rural: Eric Barker)
Mount Isa population declines dramatically
With a strong reliance on mining, Mount Isa in north-west Queensland, was one of the main towns impacted by the zinc production cuts.
Mount Isa in north-west Qld
Mount Isa, in north-west Queensland, was one of the main towns to suffer from the extensive job cuts. (ABC TV News, file image)
Real estate agent John Tully said Glencore's decision to restrict its zinc supply came at a time when the town's copper mine, which is about 500 metres from his office, was also scaling back.
"It was pretty dramatic because they were putting off big numbers at the mine," Mr Tully said
Mr Tully said the quick decline in population really put the pressure on the real estate market.
"During that period there were a lot of bank recoveries, but now we are coming to the end of them hopefully," he said.
"We're based on the world economy, because what we have in the ground the rest of the world needs and until the world wants it, we just have to hold our ground."
Australia takes most of the supply cuts
While Glencore's supply cuts physically took a large amount of zinc off the market, Mr Wendt said it also had a phycological impact on the market.
"When market watchers know that there is real action being taken by Glencore, which is the biggest producer of zinc in the world, then that has a big psychological impact on the market," he said.
"There's a feeling that we might see other producers falling into line with Glencore and it puts question marks over the supply side."
Glencore's restriction of supply in 2015 coincided with MMG's Century Mine operation in the Gulf of Carpentaria, which was the world's largest open-pit zinc mine, coming to the end of its life.
"The market knew it was happening, MMG had communicated this to the market for several years, that the mine life was running out and the operation was set to close," Mr Wendt said.
"Century wasn't the only mine, there were mines all around the world that fortuitously had closed within a 12-month window of each other, which has exacerbated the supply situation."
MMG Ships a load of zinc out of Karumba
A load of zinc from Century Mine leaves the Gulf of Carpentaria. (ABC Rural: Virginia Tapp)
No plans for Glencore to increase production
Glencore's chief operating officer for Australian zinc assets Greg Ashe told the ABC in August that the market was still too volatile for the company to start increasing its production.
"As little as 18 months ago we saw zinc at a five-year low and today it's at a 10-year high," Mr Ashe said.
"We would like to see a little bit more certainty in where the price is going before we bring those metal units back into production."
Mr Ashe said with the company sitting on some high-grade zinc assets it did not want to risk another drop in price.
"The thing with Lady Loretta, the next 12 months of production that comes out of there will be the highest grade, highest margin material that happens, so we need to make sure we get it right," he said.
While Glencore waited on more certainty in the market, John Tully was confident Mount Isa would make an economic comeback.
"I've always had a lot of confidence in Mount Isa; it's one of the greatest towns in Australia and it has shown it with how we've come through this last one," he said.
Rising Zinc Prices Drive BMOOF's Desire to Reopen Mine
- Price of zinc rising amid demand for steel-galvanizing metal
- Blue Moon’s California mine was productive during World War II
- Site sits on 525 acres in Sierra Nevada Mountains
Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) believes it can take advantage of a rare opportunity to enter the resource-hungry zinc metal market by reopening a once-productive zinc mine in California’s gold country.
The company considers it likely that the advanced-stage, 100 percent-owned Blue Moon zinc project on 525 acres, in the Foothills Massive Sulphide Belt of the Sierra Nevada Mountains, will yield a significant ore deposit at the depths of the exploration, where small-scale mining took place during World War II. Soil anomalies near the mine foster hope that there are additional deposits to be found along strike of the zone.
The possibility is an attractive one, given the market factors that drove the London zinc exchange to a decade-high price of more than $3,000 per metric ton in October and a nine-and-a-half-year high on the Shanghai Futures Exchange of more than $4,000 per metric ton.
The principal factors causing a price jump is the low level of the mineral stockpile — the lowest in nearly a decade. For decades the low price of zinc led to the shuttering of projects like Blue Moon’s, but demand has spiraled upward during the past decade, led largely by consumers in China.
A large driver for zinc demand is the metal’s use in galvanizing steel and iron (http://nnw.fm/4Zo3H). An analysis by the International Lead and Zinc Study Group found that demand for zinc grew by 1.14 percent during the first five months of 2017, with mine output rising 6.3 percent and refined metal output up 0.4 percent, according to a report in Mining Weekly (http://nnw.fm/dRM9e). Usage of the refined metal in the United States fell in 2016 but then rebounded with a 19 percent climb, according to the report.
The Blue Moon project will be mined underground. The company has a resource of some 3.7 million indicated tons of ore graded at 8.33 percent zinc equivalent, which could yield about 377 million pounds of the metal at that level and more than 4 million inferred tons more with a grade of 7.84 percent zinc equivalence.
The Blue Moon project also boasts silver, gold, and copper as byproducts. Blue Moon has contracted a preliminary economic assessment of the project that should be completed during the first quarter of 2018.
For more information, visit the company’s website at www.BlueMoonMining.com
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."
BMOOF Sees Immense Potential in Blue Moon Zinc Project Site
Mineral exploration company Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) remains focused on the development of its Blue Moon zinc Project, located in Mariposa County, California. The advanced-stage project is 100-percent owned by the company and boasts a distinctive history. An article discussing this reads: “Blue Moon’s property has a lengthy exploration history and was the scene of small-scale mining during World War II. The company’s current project will be mined by underground methods and contains an estimated 3.7 million tons with a grade of 8.33 percent zinc equivalent, adding up to around 377 million pounds of zinc in the indicated category and an additional 4.09 million tons with a grade of 7.84 percent zinc equivalence for approximately 395 pounds of zinc in the inferred category. There are also indications of significant by-products of silver, gold, and copper. The deposit is open at depth and along strike with favorable metallurgy. Previous metallurgical testing indicates up to 95 percent zinc recovery with standard flotation.”
To view the full article, visit http://nnw.fm/ESzg4
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a Canada-based exploration-stage mineral company has 100% ownership of the Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby. The zinc deposit is open at depth and along strike with a high likelihood of expansion. Historical studies of the project site show recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold. Simple processing methods will produce premium concentrates with easy separation of economic minerals. For more information, visit the company’s website at www.BlueMoonMining.com.
"Investing News Network" Video Interview Highlights Blue Moon Zinc's
CEO Patrick McGrath at New Orleans Resource Conference.
I'll remain long on Blue Moon Zinc (OTC-BMOOF) (TSX-V-MOON)
I find the Blue Moon story a compelling ground floor story to be in on and follow to production.
For a company with with a market cap.of less than $5 million the upside is exponential when one considers "MOON" is sitting on an updated 43-101 compliant zinc orebody with significant values of copper, silver and gold.
Blue Moon expects to deliver a maiden Preliminary Economic Assessment (PEA) in Q1 2018. The ore-body currently shows a mineral resource estimate of 3.7 million tons with a grade of 8.3% zinc equivalent including approximately 377 million lbs. of zinc in the indicated category and 4.1 million tons with a grade of 7.8% zinc equivalent including approximately 395 million lbs. of zinc in the inferred category including the significant credits of copper, silver and gold. The resource is open at depth and along strike. Historical metallurgical testing indicates excellent recovery and a clean zinc concentrate.
It is my expectation drilling will commence in the new year and will easily add to reserves with the ore-body open to the South and at depth. Extension of the West, Main, and Eastern zones remain untested. The potential exists to find an additional Blue Moon ore-body in the general area as polymetallic deposits are often found in pods or clusters.
As the timeline progresses I'm sure the play will come under the eye of more major companies with the ability to generate a buy out scenario.
While some patience is needed the market should clue in. Blue Moon is not an exploration play but a development play and it is my intent to add to my position as I am able. Stay tuned.
The Best is Yet to Come for BMOOF's Blue Moon Project
Mineral exploration company Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) remains focused on its Blue Moon Project, located in Mariposa County, California. Patrick McGrath, CEO, recently gave an interview that shines a light on the potential value of the company’s Blue Moon project. An article discussing this reads: “Although the market cap for the company is just $4.7 million, McGrath described BMOOF as being a great long-term investment for several reasons. One is its robust short-term “catalyst” in the next three months: its projected 1Q18 Preliminary Economic Assessment (PEA). The company said the PEA for the site would show its potential for economic development. The PEA, according to McGrath, should indicate Blue Moon as a viable stand-alone project. Next, the Blue Moon deposit is a volcanic massive sulphide (VMS) deposit, which are often found in ‘pods,’ indicating that more zinc deposits may be nearby.”
To view the full article, visit http://nnw.fm/7Ss6L
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a Canada-based exploration-stage mineral company has 100% ownership of the Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby. The zinc deposit is open at depth and along strike with a high likelihood of expansion. Historical studies of the project site show recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold. Simple processing methods will produce premium concentrates with easy separation of economic minerals. For more information, visit the company’s website at www.BlueMoonMining.com.
BMOOF Aims for Zinc in California’s Gold Rush Country
- 100 percent ownership in high-grade NI 43-101 polymetallic resource located in California
- Guided by experienced management team with knowledge of permitting
- Low-risk execution and near-term key value drivers
Mineral exploration company Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) is focused on the development of its advanced-stage, 100-percent-owned Blue Moon zinc project, which is located in Mariposa County, California, among active mines and exploration projects in an area that was once part of California’s historic gold rush. It’s not gold Blue Moon seeks but zinc, and the company has 525 acres of mineral rights assigned to both patented and unpatented claims in the Foothills Massive Sulphide Belt of the Sierra Nevada Mountains.
Blue Moon’s property has a lengthy exploration history and was the scene of small-scale mining during World War II. The company’s current project will be mined by underground methods and contains an estimated 3.7 million tons with a grade of 8.33 percent zinc equivalent, adding up to around 377 million pounds of zinc in the indicated category and an additional 4.09 million tons with a grade of 7.84 percent zinc equivalence for approximately 395 pounds of zinc in the inferred category. There are also indications of significant by-products of silver, gold, and copper. The deposit is open at depth and along strike with favorable metallurgy. Previous metallurgical testing indicates up to 95 percent zinc recovery with standard flotation.
The project was a producer in the past, and Blue Moon intends to advance the project to feasibility, permitting, and eventual production. Likelihood is high that the deposit continues at depth, as the resource’s deepest holes end in mineralization.
Significant zinc grades were intersected by several historical exploration holes that were drilled below the resource, and there is also blue sky potential along the strike to locate another deposit similar to Blue Moon, as polymetallic massive sulphide deposits are frequently found in clusters or pods. IP and soil anomalies along the strike indicate the likelihood that further polymetallic deposits exist within Blue Moon’s mineral rights.
For more information, visit the company’s website at www.BlueMoonMining.com
Blue Moon Engages MDA for Preliminary Economic Assessment
Canada NewsWire
VANCOUVER, Oct. 10, 2017
VANCOUVER, Oct. 10, 2017 /CNW/ - 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% increased in the inferred zinc resource to a total of 395 million pounds of zinc, using a 4% zinc equivalent cut-off grade. The updated Mineral Resource estimate will be utilized in the PEA.
Patrick McGrath, Chief Executive Officer, 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 Blue 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 scoping and optimization studies, metallurgy testing, baseline work and culminated in the granting of a permit 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 with 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 Officer of Golden Queen and Lawrence O'Connor restarted the Mesquite mine 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 395 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.
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 uncertainty 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 the 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 regarding 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 performance 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.
SOURCE Blue Moon Zinc Corp.
View original content: http://www.newswire.ca/en/releases/archive/October2017/10/c6839.html
Contact:
Patrick McGrath, CEO, 1-832-499-6009, pmcgrath@bluemoonmining.com;
For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall, 1-604-833-6999, tbramhall@bluemoonmining.com
Blue Moon Announces Updated Mineral Resource Estimate
Canada NewsWire
VANCOUVER, Oct. 3, 2017
VANCOUVER, Oct. 3, 2017 /CNW/ -
Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF)
(the "Company") is pleased to announce a Mineral Resource update for its 100% owned Blue Moon zinc deposit. The deposit now comprises 3.7 million tons in the Indicated Mineral Resource category grading 8.3% zinc equivalent ("ZnEq") and 4.1 million tons of Inferred Mineral Resources grading 7.8% ZnEq, both at a 4.0% ZnEq cut-off grade.
Patrick McGrath, Chief Executive Officer, stated, "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 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 of the Blue Moon deposit."
There is a high likelihood the deposit continues at depth as the mineralized zones are near vertical and the deepest holes in the resource end in mineralization. Several historical exploration holes drilled below the resource intersected significant zinc grades. Blue sky potential also exists along strike to find another "Blue Moon" style deposit as polymetallic massive sulphide deposits are often found in pods or clusters. Induced polarization ("IP") and soil anomalies along strike indicate there's a high probability further polymetallic deposits exist within the Company's mineral rights. The Company expects to commence a drilling program in 2018.
Updated Blue Moon Indicated Mineral Resources:
Cutoff
Tons >
Grade > Cutoff
Contained Metal (Millions)
ZnEq
Cutoff
Zn
Cu
Ag
Au
Pb
ZnEq
lbs
lbs
lbs
Ozs
ozs
%
(tons)
%
%
oz/t
oz/t
%
%
Zn
Cu
Pb
Ag
Au
1
6,210,000
3.60
0.40
0.88
0.02
0.17
5.88
447
50
21
5.5
0.1
2
5,220,000
4.12
0.46
1.01
0.03
0.19
6.72
430
48
19
5.3
0.1
3
4,220,000
4.73
0.53
1.16
0.03
0.22
7.74
399
45
18
4.9
0.1
4
3,700,000
5.09
0.57
1.25
0.03
0.23
8.33
377
42
17
4.6
0.1
5
3,160,000
5.50
0.62
1.35
0.04
0.25
8.99
348
39
16
4.3
0.1
6
2,620,000
6.00
0.66
1.43
0.04
0.27
9.71
314
35
14
3.8
0.1
7
2,130,000
6.53
0.71
1.46
0.04
0.29
10.45
278
30
12
3.1
0.1
8
1,660,000
7.11
0.77
1.49
0.04
0.29
11.28
236
25
10
2.5
0.1
Updated Blue Moon Inferred Mineral Resources:
Cutoff
Tons >
Grade > Cutoff
Contained Metal (Millions)
ZnEq
Cutoff
Zn
Cu
Ag
Au
Pb
ZnEq
lbs
lbs
lbs
ozs
ozs
%
(tons)
%
%
oz/t
oz/t
%
%
Zn
Cu
Pb
Ag
Au
1
12,140,000
2.40
0.23
0.67
0.02
0.17
4.00
582
56
41
8.1
0.2
2
7,840,000
3.25
0.27
0.95
0.03
0.24
5.40
509
42
37
7.5
0.2
3
5,160,000
4.20
0.32
1.25
0.03
0.32
6.93
434
33
32
6.4
0.2
4
4,090,000
4.82
0.35
1.41
0.04
0.35
7.84
395
28
29
5.8
0.2
5
3,330,000
5.39
0.38
1.53
0.04
0.38
8.61
359
25
25
5.1
0.1
6
2,710,000
5.91
0.40
1.64
0.04
0.41
9.32
320
22
22
4.4
0.1
7
2,060,000
6.55
0.43
1.80
0.04
0.44
10.21
270
18
18
3.7
0.1
8
1,430,000
7.32
0.46
2.12
0.05
0.49
11.41
209
13
14
3.0
0.1
The Mineral Resource is based on 1,540 assay results from 82 diamond drill holes, totaling 111,250 feet (33,900 meters) of drilling.
Zinc Equivalents (ZnEq)
The Mineral Resource has been stated in terms of ZnEq. The ZnEq formula and the underlying parameters used in its formulation are set out below.
Metal
Price (US$)
Recovery (%)
Factor
Zinc
1.30/lb
95
24.70
Silver
17.00/oz
65
11.05
Copper
3.00/lb
93
55.80
Gold
1,250.00/oz
70
875.00
Lead
1.00/lb
95
19.00
The metal prices and the recoveries selected represent reasonable estimates of long term metal prices and potential recoveries of metal in concentrate. The Mineral Resource estimate is summarized above at a range of ZnEq cut-off grades. The equation to calculate ZnEq is as follows:
ZnEq = (Zn%*24.70 + Cu % * 55.80 + Pb% * 19.00 + Ag(oz/t) * 11.05 + Au(oz/t) * 875.00) / 24.70
Qualified Persons
The Qualified Person ("QP") for the Mineral Resource estimate is Gary Giroux, P.Eng., who is independent to the Company. The Mineral Resource estimate has been prepared under the guidelines of National Instrument 43-101 ("NI 43-101") for reporting of Mineral Resources.
A technical report on the new resource estimate will be filed on SEDAR at www.sedar.com and on the Company's website at www.bluemoonmining.com within 45 days of the issuance of this press release. The co-author of the NI 43-101 is Lawrence O'Connor, a QP. Mr. Lawrence is a technical advisor to the Company and is not considered independent. Mr. Giroux and Mr. O'Connor have reviewed the scientific and technical information that forms the basis for this press release.
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 395 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.
The Company plans to advance the Blue Moon project through to feasibility and permitting.
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 uncertainty 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 the 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 regarding 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 performance 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.
SOURCE Blue Moon Zinc Corp.
View original content: http://www.newswire.ca/en/releases/archive/October2017/03/c8180.html
Contact:
Patrick McGrath, CEO,
1-832-499-6009, pmcgrath@bluemoonmining.com;
For additional information related to communications, media relations and investor relations please contact:
Terry Bramhall, 1-604-833-6999, tbramhall@bluemoonmining.com
Why BMOOF is ‘One to Watch’ in the Mining Space
Mineral exploration company Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) is focusing on the development of its advanced-stage, wholly owned Blue Moon zinc project, located in the Foothills Massive Sulphide Belt of the Sierra Nevada Mountains. The company’s 525 acres of mineral rights are assigned to patented and unpatented claims that can be accessed by a gravel road off a nearby highway. Main utility lines are nearby; sea ports, rail and trucking routes are accessible; and labor and contractors are available in the nearby Central Valley. An article discussing this reads: “The Blue Moon deposit is one of many located in the Foothills Massive Sulphide Belt in the Sierra Nevada Mountains of California. The property has a long history of exploration and saw small-scale mining during World War II. The current project, to be mined by underground methods, contains an estimated 3.70 million tons with a grade of 8.33% zinc equivalent for approximately 377 million pounds of zinc in the indicated category and another 4.09 million tons with a grade of 7.84% zinc equivalence for approximately 395 pounds of zinc in the inferred category. Significant bi-products of copper, silver and gold are also indicated. The deposit is open at depth and along strike with a high likelihood of expansion.”
To view the full article, visit http://nnw.fm/f0fHZ
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a Canada-based exploration-stage mineral company has 100% ownership of the Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon’s 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby. The zinc deposit is open at depth and along strike with a high likelihood of expansion. Historical studies of the project site show recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold. Simple processing methods will produce premium concentrates with easy separation of economic minerals. For more information, visit the company’s website at www.BlueMoonMining.com
Left Coast Zinc Hunt Leads to California
Contributed Opinion
Source: Chris Parry for Streetwise Reports (10/5/17)
Chris Parry Zinc is on a hot streak right now, says Chris Parry of Equity Guru, who profiles one company that just announced a resource update for its California project.
The average human body contains 2.5 grams of zinc, according to scientists, and there are 323.1 million people in the USA. So, by my math, if everyone just lined up to be exterminated and refined down to their zinc core without protest, we'd recover 1.78m lbs of zinc, worth US$2.67 million at today's prices.
Tempting.
Alternately, we could dig it out of the ground. Boring, but much less clean up.
And, as it turns out, probably a lot more profitable.
pOne-year zinc price
Zinc is on a hot streak right now, which has been reflected in the stock prices of companies like Zinc One (Z.V), which is a marketing client of ours, up from $0.44 a few weeks ago to touching $0.50 today.
Zinc prices haven't been this high in the last five years; in fact, they haven't been close. The commodity ran to a higher than $3000 per tonne price for the first time in a decade yesterday.
It's been a while. In 2012 you were paying $0.80 for a pound of the stuff, and in early 2016 it was down to around $0.65. No surprise then that some of the major players in the zinc space found other things to do with their time. Bocce, knitting, care and maintenance, divestment.
Zinc bugs have been yelling for some time that there was already a looming shortage of the stuff, but the low spot price left the market not caring much about such things. If it was zincy, it was stinky.
But that sort of imbalance never lasts, and with less mines putting zinc out, and more things needing the stuff in our everyday life, we're now in that place that cobalt has been in recently, and lithium was in before that, where the market suddenly wakes up one morning and puts zinc production targets on 'blast.' Today, the zinc price is over $1.50 per lb, up more than double from early 2016.
Last week I talked to a CEO from Blue Moon Zinc Corp. (MOON:TSX.V; BMOOF:OTC), which isn't a client company but was pointed to us by a shareholder as being a story worth hearing about. So, okay, Patrick McGrath—entertain and inform me.
"We have a mine project in California," he says.
Oh, Christ on a bike, I think.
California isn't usually where mining projects go to become mines proper. It's a progressive state, fond of its nature and wildlife and agriculture and culture, which is all stuff you don't traditionally relate to mining.
Nevada? Sure. You could basically walk into Nevada, toss a fifty on the table, and walk away with your very own mountain to crack open. I'm pretty sure they give complimentary drills at the Tropicana. If you wanted to turn the Bellagio fountains into a leach pool, I know a guy.
But California? Yikes.
McGrath doesn't share my cynicism, for three reasons. One, his property has been a producer before. Two, the area it's situated in REALLY wants jobs. And three, the guy who steered the last Californian mine project that got all its permits and duly went into production is with him on this one.
This is an interesting twist because most guys I know in the mining business think about permitting in California as much as they do Rhode Island. Idaho, Texas, Arizona, Quebec, these places like a good mine. But there are other places where the process is a much longer one. BC, as an example. You can find good resources in BC in plentiful numbers, but because it takes a lot of work to move them through the permitting process, folks tend not to, unless there's so much shiny in the ground that you have to wear sunglasses to walk the plot.
McGrath says he's very happy with the property he has in California, because it has ore that's sizable and can be got at. And the only reason he got his hands on it, he says, is because folks don't think it can be moved forward. Because California.
If he can see to that side of things, he's got a real opportunity going forward.
"Look, when I first saw the property I had the same reaction as everyone—California? Pass. But when you look at the hard numbers, it's worth that effort," says McGrath.
"The asset was a past producer, during a time of war and national need—a modest 50 thousand tonnes – they went in quick and dirty to get as much as they could as quickly as possible, mostly cleaning up at surface."
More:
From 1943-1945, the resource was mined by Hecla Mining Company, whose efforts produced 55,656 tons of 12.3% zinc. The mine lay dormant until the early 1980s, when Imperial Metals completed approximately 33,000 feet of diamond drilling. Thereafter, Westmin Resources, now Boliden, one of Europe's largest zinc producers, undertook about 57,000 feet of diamond drilling, calculated a mineral resource and commenced engineering, metallurgical, hydrological and environment baseline studies. In addition, Westmin obtained a permit and approval of a reclamation plan from Mariposa County for a shaft and certain underground development. By 1991, the resource was in new hands: being explored by Barrick (Lac), who completed approximately 20,000 feet of drilling. Consequently, Blue Moon, USA stands on the shoulders of well-established and well-qualified operators, who have done a lot of the development work.
So what happened?
"These guys got distracted by a European zinc project, exited North America, sold their assets, and moved on," says McGrath. "A few decades later, we inherited a bunch of data and materials from them. I was out at the property last week and the core shacks, and the cores, are still intact."
Blue Moon came together by virtue of an asset disposal from other companies. This happens sometimes—you've got two or three properties kicking around, you move forward on one in a hot sector, and let the others move on. For McGrath, he feels like he lucked out.
The key to his confidence in moving this property forward comes in Lutz Klingmann, a technical advisor to Blue Moon. Klingmann, as director/CEO of Golden Queen Mining (GQM.T) developed the gold and silver heap leach project in Southern California known as Soledad Mountain.
To be clear, a heap leach project is a tougher thing to permit than an underground shaft, especially when you're in Southern California, just outside Los Angeles. But Klingmann made it happen. Klingmann also moved the project forward and brought in $100 million in financing. Respect.
Now Klingmann is standing on the Blue Moon property and nodding, believing the challenge won't be any harder, and that the opportunity may be comparable.
"He got Soledad going with cyanide near LA," says McGrath. "A lot of people were surprised, but California isn't a 'no mining' state, it's a responsible mining state, and we believe we're in a great position to surprise people again. Lutz had retired, but likes the property enough that he's come back to work."
"We view it as, when Boliden exited North America in the early 90's, California was tougher than most states in America to get a permit, but we think now it's an even playing field. If you go about it right, you can get a permit pretty much everywhere. You just check off the boxes and give them no reason to say no."
"Our key advantage is, the local county can elect to become the lead agency for permitting, environmental, etc. And Mariposa County has 18,000 people who could use the economic push a mine would bring the county. If you know your California gold rush history, this area was so actively involved in mining, you see the streets are literally named after mining history – Bullion Street runs right through the center of town. There's more ranching now, but mining has a deep root there, a lot of people have family in the mines. We've met with the county several times and they're open to new businesses coming in and mining responsibly. Their view is most of the jobs there currently are lower paying, and mining brings a higher priced wage. 150 high paying jobs in a county of 18,000 people is a big deal."
Making the effort worthwhile is the pile of materials the Blue Moon team have to work with, and what they show.
"The previous producers and explorers left very good records of everything, environmental reports, baselines. We've got a leg up on what we're trying to accomplish here to take from what they have to feasibility, permits, production. As far as short-term catalysts, we want to release an updated NI 43-101 resource estimate (NOTE: This happened, like, now—see the note at the bottom of this article). The last one was done during a $0.78 per lb zinc price; we want one based on $1.30, which is still lower than the current rate but we'd rather stay conservative."
As far as what's in the ground, while zinc is the primary output, copper, gold, and silver—"pretty good silver," according to McGrath—are also present in decent numbers.
Blue Moon has about half a million in cash, raised earlier this year, to operate with, and that's enough for now, says the boss.
"Doing the 43-101 and a PEA, the burn is very low, we're keeping everything skinny but, when we come out with the PEA, we'll raise capital on the back of that sometime in early 2018, then kick start a drill program. What we're looking for is resource expansion and an infill program. Infills to move numbers from inferred to indicated. Now, it's about half and half, so we're upgrading that portion."
That's called doing the work.
"We're looking to follow the Arizona Mining (AZ.T) model; they de-risked it right through drilling, metallurgical, PEA, and advancing permitting. They went from trading pennies on the dollar to graduating to the big board. If we can show the market this has real economics behind it and a path to production, the market will wake up."
The market is already yawning and blinking its eyes at the sun, hitting the snooze button and thinking about bacon. MOON.V stock has run from $0.035 at the beginning of September to as much as $0.10 in the last few days.
UPDATE: As we were writing this piece, Blue Moon updated their resource estimate.
To wit:
Blue Moon Zinc Corp. is pleased to announce a Mineral Resource update for its 100% owned Blue Moon zinc deposit. The deposit now comprises 3.7 million tons in the Indicated Mineral Resource category grading 8.3% zinc equivalent ("ZnEq") and 4.1 million tons of Inferred Mineral Resources grading 7.8% ZnEq, both at a 4.0% ZnEq cut-off grade. [..] There is a high likelihood the deposit continues at depth as the mineralized zones are near vertical and the deepest holes in the resource end in mineralization. Several historical exploration holes drilled below the resource intersected significant zinc grades. Blue sky potential also exists along strike to find another "Blue Moon" style deposit as polymetallic massive sulphide deposits are often found in pods or clusters.
We'll be keeping this on the radar as they move forward.
Chris Parry is a Vancouver-based financial journalist who runs the investor information website Equity.Guru. He worked for five years at the Vancouver Sun and Province newspapers before taking over editorial at Canada's largest investment community at Stockhouse.com.
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BMOOF Resource Estimates for California Project Indicate 377 Million Pounds of Zinc
- Price of zinc recently rose to $3,369 per metric ton, reaching highest point in more than a decade
- Estimated recovery rate of 95% for zinc seen at the Blue Moon site a key catalyst to its future development
- CEO Patrick McGrath calls the site “one of the best near-term development assets” in zinc mining
For Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF), the best may be yet to come. As zinc continues to rise in value, hovering near $3,369 per metric ton at time of writing (http://nnw.fm/bk5BG), the company is focused on its Blue Moon Project, located in Mariposa County, California. Zinc is used widely, largely in the manufacture of batteries and auto parts, but it has the future potential to be used in zinc-based batteries for electric cars and other energy storage applications.
Patrick McGrath, CEO, was originally just a shareholder of the junior zinc development company, but he said in a recent interview (http://nnw.fm/rHH2T) that he saw in Blue Moon, “one of the best near-term development assets” in zinc mining. He added that prior mid-tier mining companies had already done “most of the heavy lifting for us.” The project remained dormant after early work on the site for a number of reasons, most notably low zinc prices, but BMOOF estimates that there are some 377 million pounds of zinc indicated in the project and 395 million pounds inferred at the site, citing a recently completed mineral resource estimate (http://nnw.fm/hshS4).
Another reason other mining companies were reluctant to become involved in the site was California’s reputation for being “tough” in granting mining permits, but McGrath said that obtaining project permits within that state is no tougher than elsewhere, effectively “leveling the playing field.” A high estimated recovery rate of 95% for zinc at Blue Moon’s site is key to the company’s future development, McGrath said. The Blue Moon deposit is located on 525 acres in the foothills of the Sierra Nevada Mountains.
Although the market cap for the company is just $4.7 million, McGrath described BMOOF as being a great long-term investment for several reasons. One is its robust short-term “catalyst” in the next three months: its projected 1Q18 Preliminary Economic Assessment (PEA). The company said the PEA for the site would show its potential for economic development. The PEA, according to McGrath, should indicate Blue Moon as a viable stand-alone project. Next, the Blue Moon deposit is a volcanic massive sulphide (VMS) deposit, which are often found in ‘pods,’ indicating that more zinc deposits may be nearby.
McGrath said he sees a “high likelihood” that the Blue Moon project will offer an upside prospect for investors seeking exposure to zinc.
For more information, visit the company’s website at www.BlueMoonMining.com
NetworkNewsWire Exclusive Audio Interview with Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)
http://bit.ly/2fXZJzR
NEW YORK, NY--(Marketwired - Oct 6, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Blue Moon Zinc Corp. (TSX VENTURE: MOON) (OTC: BMOOF), a mineral exploration company focused on developing its advanced-stage, wholly owned Blue Moon zinc project in central California.
The interview can be heard at http://NNW.fm/BMOOF-Oct-2017
NNW's Stuart Smith opens the interview by introducing Blue Moon CEO Patrick McGrath, who has 20 years of experience in financing and executive roles in the junior mining sector. McGrath provides valuable insight into what distinguishes the Blue Moon deposit as a promising near-term development prospect for investors.
"One of the important things for this project is that a lot of the development work was done by very well established and qualified operators," says McGrath in a review of the project's decades-long history, noting much of the advance work has been completed to show Blue Moon's zinc deposit indicated 95 percent recovery. "You can have all the zinc in the deposit, but if the recovery and metallurgy don't work, it doesn't go anywhere."
Blue Moon's primary asset is zinc. The company's recently updated NI 43-101 resource estimate shows the project, to be mined by underground methods, contains approximately 377 million pounds of zinc in the indicated category and another 395 pounds of zinc in the inferred category.
"So, we believe it's the right size and scope for the project we're about to undertake," McGrath says in the interview. "Our next step is really advancing the deposit, taking it through the feasibility and permit process, and ultimately through production."
The Blue Moon team includes two key members who have worked in California and have acquired "extensive experience with either building a mine from scratch or restarting a mine and dealing with the regulatory process, as well as the successful mining operations," McGrath said.
The long-term prognosis for Blue Moon shows "a very high likelihood that this deposit just keeps going ... that it could likely double in size," said McGrath, adding the company plans to explore the likelihood that there is another Blue Moon zinc deposit at the site.
In the near term, the company will complete a preliminary economic assessment, which will highlight Blue Moon as a viable, standalone project with a short time horizon to development of the zinc asset, McGrath concluded.
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a Canada-based exploration-stage mineral company has 100% ownership of the Blue Moon zinc project in central California. The project sits within Mariposa County, an area of active mines and exploration projects since it was part of the California gold rush era. Blue Moon's 525 acres of mineral rights are assigned to patented and unpatented claims accessible by a gravel road off a nearby highway with main utility lines nearby. The zinc deposit is open at depth and along strike with a high likelihood of expansion. Historical studies of the project site show recovery rates of 95 percent for zinc and lead, 93 percent for copper, 65 percent for silver and 70 percent for gold. Simple processing methods will produce premium concentrates with easy separation of economic minerals.
For more information, visit the company's website at www.BlueMoonMining.com
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A Zinc Resource Update That Is Over the Moon: Streetwise
https://www.theaureport.com/pub/na/a-zinc-resource-update-that-is-over-the-moon
Read more at http://www.stockhouse.com/companies/bullboard/v.moon
Zinc Shows a Silver Lining as Exchange Stocks Fall to Lowest Level in Decades
NetworkNewsWire Editorial Coverage: Zinc is beginning to shine again. The metal has been a top performer on the London Metal Exchange (LME), breaking through the $3,000 a metric tonne ceiling for the first time in over a decade. With stocks on the three main exchanges (Shanghai Metals Market, COMEX and LME) at record lows, prices are expected to remain elevated, potentially changing the economics of zinc production for Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) (MOON Profile), Hecla Mining Company (NYSE: HL), Teck Resources Ltd (NYSE: TECK), Glencore plc (OTC: GLNCY), and Trevali Mining Corp. (TSX: TV).
To everything, there is a season … two years ago, disinvestment and mine closures bedeviled the industry. In 2015, the Australian-Chinese concern MMG Limited (HKEX: 1208), announced the shuttering of its mining operations at Century in Australia. The Century mine was Australia’s largest zinc mine and the third largest in the world. In 2014, it produced 465,696 tonnes and accounted for around 3.5 percent of global zinc output. And in 2015, by the time mining ended in August, it had yielded about 345,000 tonnes of zinc in zinc concentrate after processing. Vedanta Resources also closed its Irish Lisheen mine in 2015. Lisheen was Europe’s second-largest zinc mine with a capacity of around 175,000 tons. Lisheen’s closure reduced global supplies by another 1.3 percent. And Glencore exacerbated the supply constraint after it announced it would cut output from mines in Australia, Peru and Kazakhstan totaling around 500,000 metric tonnes. This removed another 4 percent from global supply in 2015. Those supply cuts have been boosting prices ever since.
With the outlook on zinc in favorable territory, both senior and junior exploration companies are dusting off previously shuttered projects.
In a recent interview, Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF) CEO Patrick McGrath retraced the history of the Blue Moon, USA deposit, which dates back to the Second World War. From 1943-1945, the resource was mined by Hecla Mining Company, whose efforts produced 55,656 tons of 12.3% zinc. The mine lay dormant until the early 1980s, when Imperial Metals completed approximately 33,000 feet of diamond drilling. Thereafter, Westmin Resources, now Boliden, one of Europe’s largest zinc producers, undertook about 57,000 feet of diamond drilling, calculated a mineral resource and commenced engineering, metallurgical, hydrological and environment baseline studies. In addition, Westmin obtained a permit and approval of a reclamation plan from Mariposa County for a shaft and certain underground development. By 1991, the resource was in new hands: being explored by Barrick (Lac), who completed approximately 20,000 feet of drilling. Consequently, Blue Moon, USA stands on the shoulders of well-established and well-qualified operators, who have done a lot of the development work.
Blue Moon emerged from the amalgamation of asset disposals by two other junior exploration companies, the first deriving from Yukon Zinc, which had acquired the Blue Moon deposit from Boliden Limited. The second followed a 2007 spinout by Selwyn Resource of its zinc assets. The company, previously known as Savant Explorations Ltd, announced its name change to Blue Moon Zinc Corp on July 5, 2017 (http://nnw.fm/6DxmD).
The Blue Moon project, located in Mariposa County, California, is estimated to have close to 375 million pounds of zinc in the indicated category, and about 400 million pounds on an inferred basis. A high recovery rate (95%) and its location in an area with well-developed infrastructure and access to labor and other resources gives Blue Moon, USA an indisputable commercial advantage over other junior zinc companies. Moreover, the management and advisory team includes two executives, Lutz Klingmann and Larry O’Connor, with extensive experience either building a mine from scratch or re-starting a mine and dealing with the regulatory process.
Lutz Klingmann is the former CEO of Golden Queen, who successfully permitted the open-pit, heap-leach Soledad Mountain gold mine in California. He brings extensive experience in permitting and building mines, including building the Minto mine currently owned by Capstone Mining Corp. (TSX:CS). Lawrence O’Connor is the former VP Operations at Western Goldfields (now New Gold) where he restarted the Mesquite Mine in California. He is also a former general manager of Eldorado Gold Corp’s La Colorada Mine and during his tenure there completed the feasibility study and permitting required for expansion. Blue Moon’s current CEO, Patrick McGrath, is a CPA-CGA (Chartered Professional Accountant), with 20 years of experience in financing and executive roles in junior public companies. As VP Finance of Adriana Resources Inc. (now Sprott Resource Holdings Inc.), he raised $50 million in equity and debt during his tenure. Together officers and directors hold close to 22 percent of Blue Moon’s equity.
Blue Moon also holds interests in the Yava Property in the Mackenzie Mining District, Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife. The Yava Property consists of one mining lease of 1,304 hectares and 16 unpatented mineral claims that taken together cover 4,449 hectares.
The silver lining on zinc should galvanize Hecla Mining Company (HL), which although primarily focused on silver and gold, unearths substantial quantities of zinc ore in its exploration activities. The company is a leading, low-cost silver producer with operating silver mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Mexico (San Sebastian) and is a gold producer with an operating mine (Casa Berardi) in Quebec, Canada. Its Greens Creek and Lucky Friday mines have reported large proven and probable zinc reserves.
In zinc, as in general, the rich get richer. Top producer Glencore (GLNCY), with output of around one million tonnes of zinc concentrate annually, has struck ‘gold’ in its joint venture with BHP Billiton, Teck Resources and Mitsubishi. The Antamina copper pit in Peru appears to enclose zinc-heavy ore that has already produced an extra 60,000 tons of zinc over the past 12 months.
And Teck Resources (TECK), the world’s No. 3 producer (Hindustan Zinc is at No. 2) continues its run of good luck. At its Red Dog operation in Alaska, the largest zinc pit in the world, a vein of hard-to-refine but zinc-rich rock with ore holding about 24 percent zinc (compared to 14 percent in the pit as a whole) has been discovered.
Meanwhile, Trevali (TSX: TV) announced on August 31 it had acquired a portfolio of zinc assets from Glencore and some of its subsidiaries, which include an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in Burkina Faso, an effective 39% interest in the Gergarub project in Namibia, and an option to acquire a 100% interest in the Heath Steele project in Canada.
As the global economy continues its rebound, the demand for zinc is forecasted to grow. The metal is mainly used to galvanize iron and steel to prevent rusting, essential in infrastructural projects. In addition, supply is way behind demand. In a June 2017 report, the International Lead and Zinc Study Group (ILZSG) found that the ‘worldwide market for refined zinc metal was in deficit during the first five months of the year while total reported inventories declined over that same time frame,’ according to Metal Miner (http://nnw.fm/qCp5K). It looks like zinc is starting to show its true color.
For more information on Blue Moon Zinc Corp. please visit: Blue Moon Zinc Corp. (TSX.V: MOON) (OTC: BMOOF)
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