Blue Moon reports 7 metre tungsten interval, gains access to public land

Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) announced strong assay results from its Springer Tungsten project in Nevada, validating the quality and scale of the mineralized system. The stock rose in early trading following the report. Roughly 64% of the 18,000 metre relogging campaign has been completed so far. Notable findings include a 7 metre interval at surface drillhole NM-13 grading 1.28% WO₃ and 0.01% Mo, and 24.25 metres at surface drillhole NM-44 grading 0.53% WO₃ and 0.12% Mo.

Scotiabank analyst Eric Winmill, in a note on Tuesday, described these results as "mild positive," noting that multiple higher-grade intervals support continuity within the Springer skarn system. Blue Moon anticipates restarting the Springer mine and mill in the fourth quarter of 2027. Historically, the site was targeted for tungsten, with General Electric constructing an underground mine, vertical shaft, and mill capable of processing 1,200 long tons of ore per day in the 1970s.

However, production ceased by October 1982. The Springer project, located in Pershing County, Nevada, spans 4,560 hectares and has previously shown promising tungsten potential. Blue Moon has received approval from the US Bureau of Land Management (BLM) to conduct new exploration drilling on 13 pads on public land, essential for initiating its 67,000-metre diamond drilling campaign.