VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. ("the Company") (TSXV:MOON, OTCQB:BMOOF) is pleased to announce that it has awarded Micon International Ltd. ("Micon") the contract to complete a Preliminary Economic Assessment ("PEA") for its 100% owned Blue Moon Project ("the Project") located in central California. With zinc and copper designated as critical metals by the U.S. Geological Survey, the Company is eager to advance the Project.The project hosts the largest known polymetallic volcanogenic massive sulfide ("VMS") deposit of its type within the Foothills Massive Sulfide Belt of California, with an indicated resource of 3.51 MT grading 11.07% Zinc equivalent ("ZnEq") and an inferred resource of 3.83 MT grading 10.71% ZnEq using a cut-off grade of 4.0% ZnEq (see November 28, 2023 news release)(1).Micon was selected as the lead consultant on the study due to their experienced team, and proven successful track record conducting studies for and designing similar projects of this scope and size. The PEA will commence immediately and is slated for completion in Q1 2025, funded by the proceeds of a recent private placement (see August 30, 2024 news release). Blue Moon will also reengage Resource Development Associates for mineral resource work.Patrick McGrath, Chief Executive Officer, stated, "The PEA is the next key step in advancing the Blue Moon Project, which last had a pre-feasibility study completed in 1989 (pre NI 43-101) by Westmin Mines Ltd. Building on the significant resource improvements in 2023, we plan to leverage historical work from the 1980s as a foundation, and pending a positive PEA result, we aim to fast-track development of the Project. The ...Full story available on Benzinga.com
