Nevada Tungsten Exploration
Blue Moon Metals releases initial tungsten assay results and secures key BLM exploration approval in Nevada.
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Key Points
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The historical core includes holes drilled by General Electric in the late 1970s and early 1980s, along with selected holes from a 2007 campaign. Previous sampling covered only about 5% of the available core and lacked documented quality-control procedures, underscoring the purpose of the re-assay program.
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The reported intervals also contain molybdenum, including 9.55 meters grading 0.53% WO₃ and 0.12% molybdenum within the NM-44 interval, and 3.09 meters grading 1.19% WO₃ and 0.02% molybdenum within the SU-27 interval. The reported 24.25-meter NM-44 interval had a 13.72-meter true width, while the 8.24-meter SU-27 interval had a 6.34-meter true width.
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The BLM authorization covers five acres of disturbance and followed the payment of a reclamation bond; the approval specifically permits drilling on 13 pads on public land.
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TipRanks’ AI Analyst rated Blue Moon Neutral, citing the company’s lack of revenue, expanding losses and negative operating and free cash flow, while noting that its balance-sheet leverage is low and its technical indicators are generally bearish.
Blue Moon Metals released early assay results from its Springer Tungsten Project in Nevada, with intervals grading up to 1.28% tungsten trioxide. The company has relogged 64% of historical drill core from a decades-old exploration program and received final assays for 18% of an 18,000-meter campaign. The Bureau of Land Management approved exploration work on public land, clearing the way for 13 new drill pads and related development mining.com.
Re-assaying Old Cores from General Electric Era
The Springer project's historical core comes from two periods: General Electric drilled holes in the late 1970s and early 1980s. A second drilling campaign followed in 2007. Previous sampling touched only 5% of available core and lacked quality controls mining.com. Blue Moon's 18,000-meter program aims to validate old data and expand the geological picture.
Best Intervals Show Tungsten and Molybdenum Mix
The strongest assay interval ran 7.00 meters at 1.28% tungsten trioxide. A second interval stretched 24.25 meters at 0.22% WO₃, and a third measured 8.24 meters at 0.64% mining.com. Most intervals also contain molybdenum as a byproduct. The 24.25-meter zone had a true width of 13.72 meters, while the 8.24-meter zone compressed to 6.34 meters true width.
BLM Clears Path for Drilling and Infrastructure Work
The Bureau of Land Management approved an exploration notice covering 13 drill pads on public land. The permit requires a reclamation bond and limits surface disturbance to five acres mining.com. Blue Moon plans drilling, road construction and other activities to test the resource. The approval is a key step toward establishing whether the project can generate profits.
Springer Mill and Plant Ready for Exploration Stage
The Springer property includes a 1,200-ton-per-day flotation mill, an ammonium paratungstate circuit and other infrastructure left from prior work mining.com. Blue Moon also collected 499 samples from on-site stockpiles and ran a LiDAR survey to estimate tonnage. The company remains in exploration mode, working to prove the project's economic viability before moving toward production.
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