VANCOUVER, March 13, 2018 /CNW/ - Blue Moon Zinc Corp. (TSXV: MOON; USOTC: BMOOF) (the "Company") is pleased to announce that Peter A. Ball has joined the Board of Directors of the Company.
Mr. Ball brings over 25 years of extensive experience and leadership as a mining professional. He is currently an Executive/Board Advisor with Bonterra Resources Inc. and has held various senior management roles with international mining companies in corporate finance, mine engineering, business development and marketing functions.
Patrick McGrath, Chief Executive officer, stated, "We welcome Peter's leadership to our board and his broad experience from development stage assets through to active mining companies such as Hud Bay and Eldorado. Peter also brings a wealth of knowledge of the capital markets and the mining investment community which will benefit shareholders significantly as we enter an exciting new phase for the Blue Moon Zinc Project."
Mr. Ball began his career in the late 1980s working as a mining engineer, and subsequently in various management and senior executive roles for numerous companies including Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., Eldorado Gold Corp., Adriana Resources Inc., Argentex Mining Corp., Century Mining Corp., Columbus Gold Corp. and Redstar Gold Corp. Mr. Ball is a graduate of the Haileybury School of Mines, Georgian Business College.
The Company has granted 350,000 stock options to Mr. Ball, each option being exercisable for a five-year term at a price of $0.11 per common share and vest over eighteen months. The options are governed by the terms and conditions of the Company's stock option plan.
About Blue Moon
The Company is currently advancing its 100% controlled Blue Moon polymetallic zinc deposit, which also contains significant credits of copper, silver and gold. The deposit, which is open at depth and along strike, yields historical metallurgical testing that indicates excellent mineral recovery and a clean zinc concentrate. A NI 43-101 technical report detailing the geological resource and summarizing metallurgical recoveries is available on the company's website (www.bluemoonmining.com), and filed on SEDAR on November 13, 2017. 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.
For further information: Patrick McGrath, CEO, 1-832-499-6009, firstname.lastname@example.org