Blue Moon Mining

Advanced Zinc-Silver Deposit in Western USA

This Blue Moon Mining profile is part of a paid investor education campaign.*

Overview 

Much of zinc production comes from Asia and South America, with China and Peru being the top two producers. However, North American mining companies with a strong grasp on these trending markets present investors with opportunities for highly-prospective zinc discovery in the West and the chance to invest in the metals that will power the future. 

Patrick McGrath, CEO of Blue Moon Mining (TSXV:MOON,OTC Pink:BMOOF) saw the immense potential of the Blue Moon asset and accumulated shares through the market to eventually take over the company and control of the project. McGrath is a CPA-CGA with over 20 years of experience in financing and executive roles in the junior public sector. It is worthy to note that McGrath was the CFO OF Anatolia Energy which raised $37 million and was acquired by Cub Energy in 2013. 

Also part of the Blue Moon Mining team is director Jack McClintock whose long list of accomplishments include holding the position of Exploration Manager with BHP Billiton (NYSE:BHP) as well as being credited for the discovery of Rio Algom’s Spence porphyry copper deposit in Chile. He was awarded “Prospector of the Year” by PDAC in 1998. 

Blue Moon Mining’s flagship project is its 100 percent owned advanced stage Blue Moon zinc-silver project in California, USA. Blue Moon was a past producing silver-zinc mine under Hecla and has since then been owned by majors such as Boliden, Imperial Metals and even Barrick. It also holds the Yava project in Yukon, which shares known metal occurrences between uppermost felsic volcanic rocks of the greenstone belt overlying sedimentary rocks at the Hackett River occurrence and the Musk. 

The project presents considerable zinc, copper, gold, silver and zinc discovery potential. Historical exploration has revealed multiple VMS deposits over the property with IP anomalies along strike.

The company’s other highly-prospective Yava project in Nunavut, Canada hosts an impressive resource estimate and strategic positioning along the Greenstone Belt, which hosts the Hackett River project held by Glencore (LSE:GLEN,OTC Pink:GLCNF). Hackett River currently has an estimated 400 million ounces silver (inferred and indicated) and 7 billion pounds in zinc (inferred and indicated) (source: 2019 Glencore annual report). 

Blue Moon Mining expects big things in 2021, including an extensive drilling campaign towards the end of the year. “We think we’ve identified some really exciting opportunities where we think we could potentially double or triple this resource, which is huge,” McGrath commented. 

Blue Moon Mining’s Company Highlights 

  • Blue Moon Mining is a mineral exploration company focused on exploring and developing mineral exploration projects in highly-prospective jurisdictions across North America.
  • The company’s flagship Blue Moon project is an advanced stage, drill-ready and polymetallic VMS deposit. Indicated metallurgy points to recovery up to 95 percent for zinc and copper and 65 to 70 percent for silver and gold. 
  • The Blue Moon project leverages remarkable existing infrastructure and historical past exploration, dating back to the original California gold rush.  
  • The Yava project in Nunavut Territory, Canada, has approximately 1.3 million tons in estimated resources. Present mineral grades measure 4.96 percent zinc, 1.03 percent copper and 3.4 oz/t silver. 
  • Blue Moon Mining’s share structure consists of management and HNW retail interests, with most shares distributed amongst public investors. 

Blue Moon Mining’s Key Projects 

Blue Moon Project 

The flagship Blue Moon project is located in east-central California within the foothills of  Mariposa County. The property is accessible by gravel roads off a nearby paved highway amongst other access points. Blue Moon Mining owns 100 percent of the project. 

The prolific mining district has extensive exploration history as there are still active mines in the region that date back to the original California gold rush. NI-43-101 mineral resources estimates put inferred mineralization at approximately 7.8 million tons with a grade of 8.07 percent zinc equivalent or approximately 771 million pounds of zinc, 71 million pounds of copper, 300,000 ounces of gold and 10 million ounces of silver. 
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The property hosts a drill-ready, polymetallic VMS deposit with favorable metallurgy. Highlights of inferred Blue Moon mineral resources grades include 4.95 percent zinc with 8.07 percent zinc equivalents, 0.46 percent copper and 1.33 oz/t silver within 7,790,000 tonnes. The deposit could see premium concentrate production using simple processing. 

Recent remodeling of the deposit using digitized data revealed that the deposit is open to depth with extension potential southward. The company has identified possible new lenses that it intends to drill, hence the opportunity to make this project much larger in the short term. The property presents Blue Moon Mining with the exciting possibility to expand the highly-favorable current resources in future development and drilling programs to feasibility and permitting. 

Yava Project

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The Yava Property sits in the Mackenzie mining district, Nunavut, approximately 450 kilometers northeast of Yellowknife. The property spans a 1,304-hectare mining lease and consists of 16 unpatented mineral claims that roughly cover 4,449 hectares. 

Historical resource estimates place mineralization at the Yava main zone around 1.3 million tons of contained 4.96 percent zinc, 1.03 percent copper, 1.60 percent lead, 3.42 oz/t silver, and 0.008 oz/t gold to a depth of 300 feet. Strategic positioning places the Yava property between four known base and precious metal occurrences mid-way along the length of its regional greenstone belt. Given this starter resource the MOON team believes the trend follows from the Hackett River asset located just 32 kilometers northwest.

The property’s two known occurrences, the Hackett River and Musk occurrence, sit between felsic volcanic rock along a greenstone belt, and overlying sedimentary rocks. The Yava mining lease includes nine kilometers of northwest-trending strike-length along the aforementioned volcanic-sedimentary rock interface. The Hackett River was purchased by Glencore (Xstrata) from Sabina Silver and it currently boasts over 400 million silver ounces with 27 million tonnes containing 4.5 percent zinc, 130 g/t silver as well as 0.6 percent lead, 0.5 percent copper and 0.3 g/t gold. The Inferred Mineral Resource at Hackett River contains 60 million tonnes of 4.0 percent zinc, 1.0 percent lead, 0.4 percent copper, 150 g/t silver and 0.2 g/t gold (source: 2019 Glencore annual report). 

The next steps for the project include exploring the five shallow holes the company recently completed drilling on. Blue Moon Mining intends to advance development and drilling for this enormous system asset. 

Blue Moon Mining’s Management Team

Patrick McGrath — Chief Executive Officer and Director

Patrick McGrath is a CPA, CGA with over 20 years of experience as a senior executive of junior resource companies, including being a founder and former VP of Finance of Adriana Resources Inc. (Sprott Resource Holdings Inc.), a development company focused on iron ore. He assisted in raising US$50 million in debt and equity and has led corporate reorganizations, mergers and acquisitions, capital raises and joint ventures. 

McGrath has a Bachelor of Commerce degree from Memorial University.

Varun Prasad — Chief Financial Officer

Varun Prasad is a CPA, CGA and had senior roles with development stage mining companies listed on the TSX Venture Exchange and is well versed in the continuous disclosure requirements. Prasad is the CFO of Western Copper and Gold and has a Bachelor of Technology in Accounting from the British Columbia Institute of Technology.

Jack McClintock — Director

Jack McClintock is a professional engineer and is the VP of Exploration of Northisle Copper and Gold Inc. McClintock was a former exploration manager with BHP Billiton and had a successful track record leading and participating in several mineral discoveries and acquisitions. This portfolio includes Rio Algom’s discovery of the Spence porphyry copper deposit in Chile, for which he was awarded the “Prospector of the Year” award by the Prospectors and Developers Association of Canada in 1998 and the acquisition of the Antamina deposit in Peru.

Douglas Urch — Director

Douglas Urch has been the executive VP of Finance and CFO of Bankers Petroleum Ltd. since February 2008. Prior, Urch was the VP of Finance and CFO of Rally Energy Corp., which was acquired for a total consideration of approximately $898 million in 2007. He is a CPA, CMA and a graduate member of the Institute of Corporate Directors (ICD.D).

Jonathan Gagné — Director

Jonathan Gagné is currently a senior consulting engineer working for Greenstone Gold Mines, aiming to develop the multi-million-ounce Hardrock Gold Project located in Ontario. Gagné began his career with Agnico-Eagle during the construction and commissioning of the Meadowbank gold project located in Nunavut. He then led the mining engineering department for SGS Geostat, a mining services company specializing in computer-assisted mineral resource estimation services. Mr. Gagné then followed with Glencore Zinc, where he was involved in numerous zinc projects throughout the World. 

Gagné has a B.Sc. in Mining Engineering from Polytechnique Montreal and an MBA with a specialization in Corporate Finance from Université du Québec à Montréal.


 

*Disclaimer: This profile is sponsored by Blue Moon Zinc Corp (TSXV:MOON). This profile provides information which was sourced by the Investing News Network (INN) and approved by Blue Moon Zinc Corp in order to help investors learn more about the company. Blue Moon Zinc Corp is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Blue Moon Zinc Corp and seek advice from a qualified investment advisor.