Blue Moon advances namesake California project with PEA
TSX-V-listed Blue Moon Metals has hired Micon International to conduct a preliminary economic assessment (PEA) for its 100% owned namesake project in central California.
The Blue Moon project reportedly hosts the largest known polymetallic volcanogenic massive sulphide deposit within California's Foothills massive sulphide belt, featuring an indicated resource of 3.51-million tonnes at a grade of 11.07% zinc equivalent and an inferred resource of 3.83-million tonnes at 10.71% zinc equivalent.
Zinc and copper have been classified as critical metals by the US Geological Survey.
The PEA, which is set to be completed by the first quarter of 2025, is financed through proceeds from a recent private placement.
Blue Moon CEO Patrick McGrath said in a statement that the PEA was the next key step in advancing the project, which last had a prefeasibility study completed in 1989.
He highlighted the project's potential by drawing parallels to Adriatic Metals Bosnia Vares deposit, which recently went into production on an accelerated basis.
The PEA will not only evaluate the economic viability of the Blue Moon project, but also explore a preliminary ramp design for underground access, replacing the previously considered Westmin shaft concept. This approach aims to lower costs and mitigate risks associated with future resource upgrades.
Further, trade-off studies will investigate the feasibility of extracting byproducts such as barite, gypsum, and pyrite concentrate.
The project is located near local infrastructure, including paved highways, proximity to a hydroelectric power facility, and access to the Oakland port.
Duston Small, who recently managed the feasibility study for Adventus Mining’s Curipamba – El Domo project in Ecuador, will be overseeing the PEA on behalf of Blue Moon Metals.
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