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Blue Moon Zinc Corp., is listed on the TSX Venture exchange under the symbol: MOON and in the US on the OTC under the symbol:BMOOF
Momentum PR is pleased to have produced an informative and comprehensive report on Blue Moon Zinc Corp., available on the Momentum PR LinkedIn page.
Blue Moon Zinc Corp. Highlights:
-The Blue Moon mine was in production between 1943 and 1945. Hecla Mining produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0,48% lead, 3.75 oz/ton silver and 0.062oz/ton gold.
-Blue Moon already has 5.3 million tons of indicated and inferred resources and the Company believes it can advance that materially with extension and exploration drilling.
-Blue Moon can boast a 95% recovery rate
-Blue Moon property now has approximately 2.62 million tons with a grade of 6.01% zinc indicated, and 2.68 million tons with a grade of 5.98% zinc inferred, plus significant amounts of copper, lead, silver and gold.
-In 2017, Zinc prices rose to $2,825 a tonne up 10% on the year. According to Zinc Investment News, Zinc prices rose 90% between January 2016 and March 2017.
-Blue Moon is applying for drill permits and is commencing baseline and engineering studies.
The Blue Moon Zinc project is located in Mariposa County in central California and if the project needed a nickname, it very well might be the Comeback Kid. Unlike most junior mining companies, Blue Moon intends to take its asset into production and it has compelling reasons to do so.
Comeback Kid because Blue Moon has been in production before. During 1943-1945 Hecla Mining produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0,48% lead, 3.75 oz/ton silver and 0.062oz/ton gold. Since then the property has been bought and sold by a number of different mining companies. Each of which has performed additional exploration work.
Blue Moon already has 5.3 million tons of indicated and inferred resources and the company believes it can advance that materially with extension and exploration drilling. This is comparable to Lundin’s now depleted Galmoy Zinc Mine and Trevali’s Santander Zinc mine, except that while Blue Moon can boast a 95% recovery rate, Galmoy peaked at 83% and Santander at 89%. Galmoy closed in 2009 due to resource depletion.
Amidst a global supply crunch, according to an article published in MINING.com by Eric Fels on July 17, 2017, zinc prices rose to $2,825 a tonne up 10% on the year. According to Zinc Investment News, Zinc prices rose 90% between January 2016 and March 2017. Zinc’s 60% price hike in 2016 made it the London Metal Exchange’s best-performing commodity of the year. Its prices have been supported by mines closed because of resource exhaustion and production reductions in Canada, Peru and Australia by Glencore, one of the top three global zinc producers.
According to a NI 43-101 resource estimate, the Blue Moon property now has approximately 2.62 million tons with a grade of 6.01% zinc indicated, and 2.68 million tons with a grade of 5.98% zinc inferred, plus significant amounts of copper, lead, silver and gold. The Company believes those resources can be increased through drilling and a new resource report will benefit from inflation in commodity prices since the initial 2008 publication date.
Blue Moon trades on the TSXV as MOON and on the American OTC as BMOOF. As of August 14, 2017, it closed at $0.04 and has a 52-week high of $0.10 and a low of $0.015. The company has 92.75M shares outstanding and a market cap of $3.76 million.
The Momentum PR informative and comprehensive report on Blue Moon is available on the Momentum PR LinkedIn page.
