True width of the zone is estimated to be 55-65 percent of drilled width, and assaying results are pending and expected in January 2019.
Blue Moon Zinc (TSXV:MOON) has announced that its recently completed drill program intersected multiple massive sulphides at its Blue Moon zinc deposit.
The company said that hole No. BMZ78 intersected over 11.5 meters (~38 feet) of massive sulfides. True width of the zone is estimated to be 55-65 percent of drilled width, and assaying results are pending and expected in January 2019. Historically the deposit was mined by Hecla Mining with an average grade of 12.3 percent zinc during the second world war. Blue Moon recently updated its 43-101 mineral resource to 7.8 million inferred tons at 8.07 percent zinc equivalence, which includes 771 million pounds of 4.95 percent zinc, 71 million pounds of 0.46 percent copper, 300,000 ounces of gold at 0.04 ounces per tonne, and 10 million ounces of silver at 1.33 ounces per tonne.
CEO of Blue Moon Zinc, Patrick McGrath said:
“Receiving the key multi-year drill permit earlier in 2018 is a project milestone and we recently completed our first phase of drilling on the Blue Moon deposit, which included very encouraging massive sulphide mineralization over a large width. The company continues to take the steps to further advance the high-grade zinc deposit and looks forward to receiving the final assays for the 2018 drilling program and planning our follow-on drilling program to continue to expand and explore the current Blue Moon deposit.”