VANCOUVER, Oct. 9, 2018 /CNW/ - Blue Moon Zinc Corp.
(TSXV: MOON; US: BMOOF) (the "Company") announces
that the British Columbia Securities Commission ("BCSC") has
provided a letter to the Company with certain deficiency comments
on the NI 43-101 technical report filed on SEDAR on November 13, 2017 (refer also to October 3, 2017 Blue Moon news release). As
a result, the mineral resources are not supported by a compliant NI
43-101 technical report and should not be relied upon until they
can be supported by a compliant technical report. The Company
is working diligently with the report authors to address the
deficiencies and file an updated technical report on the Blue Moon
Project.
The Company also eagerly anticipates providing an update within
the next several days on the progress of its current drill program
at the Blue Moon Project. The historic zinc-rich VMS deposit
is being drilled for the first time in more than two decades after
Blue Moon's receipt of long-term permits from Mariposa County over
the summer.
About Blue Moon
The Company is currently advancing its 100%-owned Blue Moon zinc
deposit which also contains copper, silver and gold. The
deposit is open at depth and along strike. More information is
available on the company's website (www.bluemoonmining.com). The
Company plans to advance the Blue Moon Project through to
feasibility, permitting and ultimately production.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Resource estimates included in
this news release are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions set forth in the
relevant technical report and otherwise, such statements are not
guarantees of future performance and actual results or developments
may differ materially from those in the forward-looking statements.
Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices for zinc,
the results of future exploration, uncertainties related to the
ability to obtain necessary permits, licenses and titles, changes
in government policies regarding mining, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. Readers are cautioned not to place
undue reliance on this forward-looking information, which is given
as of the date it is expressed in this press release, and the
Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws.
The securities referenced in this news release have not and
will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
SOURCE Blue Moon Zinc Corp.
