Blue Moon Announces Initial Results from Ongoing Infill Drilling Campaign at its Nussir Project and Further Deep Drilling Exploration Results

Rhea-AI Summary

Blue Moon (NASDAQ: BMM, TSXV: MOON) reported initial results from its ongoing 2026 surface infill drilling and deep exploration programs at the under-construction Nussir copper project in Finnmark, Norway. Twelve infill HQ diamond drill holes totaling 2,628.6 m over a 700 m strike confirmed mineralization continuity near initial planned production areas, with highlighted intervals including 3.0 m at 1.19% Cu (1.33% CuEq) in NUS-DD-26-03, 3.2 m at 1.17% Cu (1.32% CuEq) in NUS-DD-26-04, and several 1–1.7 m intercepts above 1.4% Cu and over 1.7% CuEq.

The company plans to use these results to upgrade portions of the Indicated Resource to Measured and update the Mineral Resource Estimate, which is expected to support an optimized mine design around fault-constrained zones. Deep drilling intersected 3.7 m at 1.39% Cu (1.56% CuEq) at 917.4–922.9 m depth in NUS-DD-26-07, adding thickness and continuity information to a previously identified high-grade zone around 1.2 km depth.

Blue Moon also extended its marketing engagement with Outside The Box Capital to November 8, 2026 for a follow-on cash payment of US$175,000, and signed a new three‑month digital marketing and investor relations agreement with Winning Media LLC for US$100,000, both subject to TSXV acceptance and with no securities issued as compensation.

Positive

• 12 infill HQ drill holes totaling 2,628.6 m over 700 m strike near initial mining areas
• Multiple intercepts above 1.0% Cu and over 1.3% CuEq, including 3.2 m at 1.17% Cu (1.32% CuEq)
• Infill results expected to support upgrading Indicated to Measured Resources and an updated MRE
• Deep hole NUS-DD-26-07 returned 3.7 m at 1.39% Cu (1.56% CuEq) at ~917–923 m depth
• Additional platinum and palladium values identified, including 0.6 m at 0.69 g/t Pt and 0.42 g/t Pd
• Two marketing agreements totaling US$275,000 are fully cash-based with no equity dilution

Negative

• Infill hole NUS-DD-26-12 returned no intervals above the 0.30% Cu cut-off grade
• New marketing and investor awareness contracts commit US$175,000 and US$100,000 in cash outlays
• Updated Mineral Resource Estimate and optimized mine design are future steps with no new tonnage figures yet disclosed

Market Context

A prior Blue Moon assay update recorded 3.76% over 24 hours. That history frames the current drillin...

Analysis

A prior Blue Moon assay update recorded 3.76% over 24 hours. That history frames the current drilling results as another project-data milestone, while low short positioning and added marketing commitments remain relevant contextual risks.

Key Figures

Infill drill holes: 12 holes Infill drilling length: 2,628.6 m Strike length tested: over 700 m +5 more

8 metrics

Infill drill holes 12 holes ongoing surface infill program

Infill drilling length 2,628.6 m 12 HQ diamond drill holes

Strike length tested over 700 m current Indicated Resource

Copper-equivalent intersection 1.6 m at 2.20% CuEq NUS-DD-26-02

Deep exploration intersection 3.7 m at 1.56% CuEq NUS-DD-26-07

Copper cut-off grade 0.30% Cu assay tables

Outside The Box payment US$175,000 follow-on payment for remaining engagement term

Winning Media fee US$100,000 total upfront fee for initial three-month term

Historical Context

4 past events · Latest: Jul 30 (Neutral)

Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 30	shareholder vote	Neutral	-1.1%	Shareholders approved all matters at the annual and special meeting.
Jul 07	exploration program	Positive	-5.7%	Blue Moon outlined a 67,000-metre Springer drilling and resource-definition program.
Jun 29	bulk-sample assays	Positive	+3.8%	Apex bulk sample returned germanium, gallium, and copper assay results.
Jun 26	binding combination	Positive	+3.8%	Blue Moon and Alpha Future Funds signed a binding agreement combining holdings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Blue Moon's supplied history showed mixed reactions, with positive operational announcements both aligning with and diverging from subsequent price moves.

Key Terms

mineral resource estimate, ni 43-101, copper equivalent, fire assay, +1 more

5 terms

mineral resource estimate technical

"Based on these findings, the Mineral Resource Estimate (MRE) will be updated"

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

ni 43-101 regulatory

"recommendations outlined in the NI 43-101 Technical Report"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

copper equivalent technical

"The applied formula for copper equivalent was"

Copper equivalent is a single, standardized number that converts the value of all metals in a mineral deposit into the equivalent amount of copper, using current metal prices and processing recoveries. Think of it as putting different coins into one currency so you can compare the total worth at a glance; investors use it to assess and compare the economic attractiveness of mining projects and expected revenue per unit of ore.

fire assay technical

"where they are subjected to fire assay and multi-element analysis"

Fire assay is a laboratory process used to accurately measure the amount of precious metals, like gold or silver, in a sample of ore or material. It involves heating the sample intensely to separate the metals from other substances, much like melting and purifying metal to determine its purity. This method is important to investors because it provides precise data on the metal content, helping to assess the value of mining operations or mineral deposits.

qa/qc technical

"QA/QC samples, in the form of sample blanks, duplicates"

QA/QC stands for Quality Assurance and Quality Control, processes used to ensure products or services meet certain standards. Think of it as a way to check that a product is safe and works properly before reaching consumers, similar to how a chef tastes food before serving it. For investors, strong QA/QC practices indicate a company's commitment to delivering reliable, high-quality offerings, reducing risks and building trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TORONTO, Aug. 10, 2026 /PRNewswire/ -- Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM), is pleased to announce new drilling results from its ongoing surface infill program at the Company's Nussir Project (the "Project"), currently under construction in Finnmark, Norway. The infill program, initiated in March, aims to increase confidence in the Project's reserves, and particularly the proven category. The program is ongoing, having originally started closest to initial planned mining locations, and progressing westwards. Also included in this release are further results from the 1.2 km deep exploration campaign.

INFILL DRILLING ASSAY HIGHLIGHTS

This news release includes assays from 12 surface infill holes. The HQ diamond drill ("DD") holes total 2,628.6 m with starting depths ranging from 146.8 m to 459.8 m.

The 12 holes listed below test a strike length of over 700 m of the current Indicated Resource nearest the initial planned production areas, confirming mineralization continuity in areas with previously sparse intersections and with structural complexity. The intersections aim to upgrade the area to a Measured Resource while providing structural and geotechnical data that strengthen the understanding of structural controls on mineralization and the mine design.

The complete list of assay results, including true thickness estimates, are presented in Table 1. In addition to the grades listed below, NUS-DD-26-08 intersected 0.6 m at 0.69 g/t Pt and 0.42 g/t Pd. This provides additional insight to previous showings of palladium and platinum previously encountered in hole NUS-DD-14-001.

Table 1. Length-weighted assay returns above the cut-off grade of 0.30% Cu from the ongoing infill drilling program

Hole ID		From	To	True Thickness	Cu	Au	Ag	CuEq
		m	m	m	%	g/t	g/t	%
GT-DD-26-05		179.0	181.0	1.4	1.36	0.18	13.4	1.60
	Including			0.7	1.65	0.28	16.1	1.98
NUS-DD-26-01		122.6	124.3	1.5	1.97	0.11	19.8	2.21
	Including			0.9	2.37	0.15	24.2	2.67
NUS-DD-26-02		122.3	124.0	1.6	1.93	0.15	20.2	2.20
	Including			0.8	3.59	0.29	35.9	4.08
NUS-DD-26-03		124.4	127.5	3.0	1.19	0.07	11.4	1.33
	Including			0.9	2.73	0.19	26.4	3.07
NUS-DD-26-04		135.7	139.6	3.2	1.17	0.08	11.9	1.32
	Including			0.7	2.59	0.25	24.5	2.97
NUS-DD-26-05		216.9	217.9	0.9	0.35	0.004	6.9	0.40
NUS-DD-26-06		265.0	266.0	0.7	2.68	0.14	44.9	3.14
NUS-DD-26-08		179.7	181.4	1.1	1.53	0.11	27.0	1.82
	Including			0.5	1.97	0.07	35.9	2.30
NUS-DD-26-09		118.4	119.4	0.8	0.32	0.04	4.3	0.38
NUS-DD-26-10		224.3	227.8	1.9	1.13	0.12	20.3	1.37
	Including			0.5	2.40	0.29	43.3	2.95
NUS-DD-26-12	No intervals above cut-off grade
NUS-DD-26-13		123.0	125.0	1.7	1.47	0.09	25.1	1.74
	Including			0.8	2.28	0.16	38.5	2.70

1. Metal prices assumed were US$4.20/lb Cu, US$27.00/oz Ag and US$2,200/oz Au and coefficient factors of 0.00781 for Ag and 0.740 for Au 2. The applied formula for copper equivalent was: CuEq% = Cu%_Grade + (0.00781 * Ag_Grade) + (0.74 * Au_Grade) 3. Metallurgical recovery assumptions were 96% Cu, 80% Ag and 93% Au, which stem from SGS metallurgical test work completed in 2022 4. The cut-off grade of 0.30% Cu was derived from the price and recovery values above, as well as a smelter payability of 97.3% and an assumed total operating cost $26.20/t of ore 5. True thickness was calculated using: True Thickness = (From - To) * sin (intersection alpha angle) 6. True thickness metres have been rounded to one decimal place

The sections and plan view shown in Figures 2, 3 and 4 provide a reference to the current Measured and Indicated Resource. Section A-A' shows a fan patterned that was aimed at a previous corridor of sparse drilling close to the area of earliest planned mine development and production. Holes such as GT-DD-26-05 were extended to assess ground conditions in areas of planned underground infrastructure. The fan confirms the presence of thicker mineralization in this area of the mineralized horizon, with intersects of up to 3.16 m in hole NUS-DD-26-04 returning copper grades above the cut-off grade of 0.3%.

The infill drilling seen in Sections B-B', C-C', E-E' and F-F' targeted shallow areas that were not tested in previous drilling, leaving this mineralized horizon unsampled and poorly defined, particularly the diabase intrusive that runs parallel to the mineralization. Holes such as NUS-DD-26-01 and NUS-DD-26-02 alleviate such issues and have subsequently yielded strong results. 

Section D-D' shows a portion of the mineralized horizon that is affected by the presence of a large fault. Consequently, previous Mineral Resource Estimates have been very conservative in this area which resulted in a break in the existing mine design. The analysis of these results constrains the fault boundaries and indicates additional tonnages extending from the known Measured Resource. Based on these findings, the Mineral Resource Estimate (MRE) will be updated, leading to an optimized mine design.

DEEP EXPLORATION DRILLING PROGRAM

Blue Moon continues to expand the high-grade, deep mineralization in the western limb of the Nussir project, following up on the recommendations outlined in the NI 43-101 Technical Report by Adam Wheeler where a high-grade intercept of 9.7 meters at 1.22% CuEq in hole NUS-DD-14-001 was identified at a depth of 1.2 km.

The Company previously announced results from this zone in its April 15, 2026 news release, showcasing 2 successful intercepts of this high-grade zone returning 1.75% Cu, 0.16 g/t Au and 27.91 g/t Ag (2.08% CuEq) over 6.7 meters (NUS-DD-1401-02 at 1,166.5 meters) and 0.86% Cu, 0.16 g/t Au and 27.75 g/t Ag (1.19% CuEq) over 3.0 meters (NUS-DD-1401-03A at 1,120.7 meters).

This additional intersection is not only encouraging for the continuity of mineralization but also its thickness between the deeper intersections from April's press release and the existing resource defined in the 2025 Mineral Resource Estimate. Observations such as those shown in Figure 4 and the section in Figure 5, as well as those from beyond the mineralized horizon, are key to understanding the mineralization variability and zonation within the deposit. Hypotheses generated during continued studies of vein paragenesis and structural mapping strengthen the geological model and will guide further exploration programs.

Table 2. Length-weighted assay returns above the cut-off grade of 0.30% Cu from the ongoing deep exploration program

EXPLORATION DRILLING
Hole ID		From	To	True Thickness	Cu	Au	Ag	CuEq
		m	m	m	%	g/t	g/t	%
NUS-DD-26-07		917.4	922.9	3.7	1.39	0.05	16.8	1.56
	Including			0.6	2.30	0.05	15.0	2.45

1. Metal prices assumed were US$4.20/lb Cu, US$27.00/oz Ag and US$2,200/oz Au and coefficient factors of 0.00781 for Ag and 0.740 for Au 2. The applied formula for copper equivalent was: CuEq% = Cu%_Grade + (0.00781 * Ag_Grade) + (0.74 * Au_Grade) 3. Metallurgical recovery assumptions were 96% Cu, 80% Ag and 93% Au, which stem from the Nussir Project Feasibility Study, dated April 16, 2026, and filed on SEDAR+ which stem from SGS metallurgical test work completed in 2022 4. The cut-off grade of 0.30% Cu was derived from the price and recovery values above, as well as a smelter payability of 97.3% and an assumed total operating cost US$26.20/t of ore 5. True thickness was calculated using: True Thickness = (From - To) * sin (intersection alpha angle) 6. True thickness metres have been rounded to one decimal place

SAMPLING AND QA/QC

Drill core currently produced at Nussir are in both NQ and HQ diameters; the 2026 winter-spring infill program was drilled in HQ for greater sample yield for ongoing metallurgical test work. This HQ drill core was sampled with half sawn core for metallurgical test work and quarter core for multi-element analysis. The NQ drill core, produced from all other programs, will use half core samples for multi-element analysis. The remaining half and quarter core will be retained by Blue Moon for future reference.

Starting in March 2026, Blue Moon's samples from Q1 drilling have been shipped and delivered to ALS Piteå in Sweden. Such material has also been complemented by previously unsampled, mineralized material, from historical drill cores stored at The Geological Survey of Norway's drill core archive at Løkken. Samples are prepared at ALS Piteå before being shipped to ALS's facility in Ireland where they are subjected to fire assay and multi-element analysis (currently ME-ICP61 & PGM-ICP24). The ALS laboratory in Piteå maintains ISO 17025 accreditation via SWEDAC.

Sample size is stipulated to be 1 meter, while acknowledging boundaries such as lithological contacts. The current procedure is to sample 15 meters to either side of known and visual mineralization. QA/QC samples, in the form of sample blanks, duplicates and certified reference materials ("CRM") are currently inserted every 8^th sample, equating to an insertion rate of 12.5%. Duplicates are quarter core whilst CRM material, closely matched to the Nussir mineralization, is supplied from OREAS.

EXTENSION OF ENGAGEMENT OF OUTSIDE THE BOX CAPITAL

Blue Moon is pleased to announce that it has extended its engagement of Outside The Box Capital Inc. ("Outside The Box Capital"), a marketing services firm at 2202 Green Orchard Place, Oakville, Ontario L6H 4V4, founded by Jason Coles and Kelvin Coelho, to provide marketing and investor awareness services (the "Services"). The prior announcement on March 6, 2026, which expired on September 9, 2026, will be extended to November 8, 2026.

The Services will include, but are not limited to, planning and creating social media content, assisting the Company with its various social media channels, increasing investor awareness in new communities, and producing feature content about the Company on its own and other third-party media platforms.

The Company will make a follow-on payment of US$175,000 to Outside The Box Capital for the remaining term of the engagement subject to TSXV acceptance. No securities will be issued as compensation.

Outside The Box Capital has no direct relationship with the Company other than pursuant to this engagement. To the best of the Company's knowledge, as of the date hereof, Outside The Box Capital, including its directors and officers, does not own, directly or indirectly, any securities of the Company, nor does it have any right to acquire such securities. Outside The Box Capital may acquire securities of the Company in the open market in the future; however, it will not receive any securities as compensation for the Services.

WINNING MEDIA LLC AGREEMENT

The Company has entered into an investor relations and digital marketing services agreement dated August 4, 2026 with Winning Media LLC ("Winning Media"), an arm's length service provider based in Houston, Texas.

Under the terms of the agreement, Winning Media will provide a range of investor relations and digital marketing services, including programmatic advertising, financial content distribution, influencer outreach, native advertising, podcast placements, email and SMS campaigns, and other online marketing initiatives designed to increase market awareness of the Company.

The agreement is for an initial term of three (3) months, commencing upon TSXV acceptance. In consideration for the services, the Company will pay Winning Media a total upfront fee of US$100,000. No securities will be issued to Winning Media as compensation.

Winning Media and its principals are arm's length to the Company and, to the knowledge of the Company, do not currently own any securities of the Company.

QUALIFIED PERSONS

The technical and scientific information of this news release has been reviewed and approved by Mr. Lazaros Dalampiras, MAusIMM, CP(Geo), Blue Moon's Head of Mineral Resources, and a non-Independent Qualified Person, as defined by NI 43-101.

About Blue Moon

Blue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners, LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.

This news release contains forward-looking information, pertaining to, among other things, the advancement by the Company of multiple projects across jurisdictions. The Company cautions that all forward-looking information is inherently subject to change and uncertainty and that actual events, results and performance may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the risk that exploration activities will not result in finding economically viable mineralization; uncertainties inherent in exploration and drilling, including geological, technical, and metallurgical risks; inaccurate or incomplete geological models or interpretations; operational risks such as equipment failure, contractor performance, accidents; environmental, health and safety risks; adverse weather or seasonal access constraints; changes in laws, regulations, or government policies; community or stakeholder opposition; fluctuations in commodity prices and currency exchange rates; cost overruns; and risks related to the availability of capital and financing. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.

Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.

The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. The Company is under no obligation (and expressly disclaims any intention or obligation) to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-moon-announces-initial-results-from-ongoing-infill-drilling-campaign-at-its-nussir-project-and-further-deep-drilling-exploration-results-302846802.html

SOURCE Blue Moon Metals

FAQ

What did Blue Moon (BMM) report from its 2026 Nussir infill drilling program?

Blue Moon reported 12 HQ infill holes totaling 2,628.6 m over 700 m strike, with several copper intercepts above 1% Cu and 1.3% CuEq. According to Blue Moon, these results should support upgrading Indicated Resources to Measured and underpin an updated Mineral Resource Estimate and mine design.

What are the key deep drilling results from Blue Moon’s Nussir project announced on August 10, 2026?

Blue Moon’s deep exploration hole NUS-DD-26-07 intersected 3.7 m at 1.39% Cu, 0.05 g/t Au and 16.8 g/t Ag (1.56% CuEq) around 917–923 m depth. According to Blue Moon, this adds thickness and continuity information to a previously identified high-grade deep zone.

How will the new drill results impact the Nussir Mineral Resource Estimate for Blue Moon (BMM)?

Blue Moon plans to use the 2026 infill and deep drilling data to update the Nussir Mineral Resource Estimate. According to Blue Moon, results in fault-affected areas constrain structures, indicate additional tonnages from known Measured Resources, and are expected to support an optimized mine design.

What copper equivalent assumptions did Blue Moon use in the August 10, 2026 Nussir drilling update?

Blue Moon’s copper equivalent calculations assumed US$4.20/lb Cu, US$27/oz Ag and US$2,200/oz Au, with 96% Cu, 80% Ag and 93% Au recoveries. According to Blue Moon, CuEq% was derived using a specific formula incorporating these metal prices, recoveries and coefficient factors.

What marketing and investor awareness agreements did Blue Moon (BMM) announce with Outside The Box Capital and Winning Media?

Blue Moon extended its engagement with Outside The Box Capital to November 8, 2026 for a US$175,000 cash fee and signed a three‑month US$100,000 agreement with Winning Media. According to Blue Moon, both contracts are subject to TSXV acceptance and involve no securities compensation.

Does Blue Moon’s August 10, 2026 drilling release mention any platinum or palladium at Nussir?

Yes. Infill hole NUS-DD-26-08 intersected 0.6 m grading 0.69 g/t platinum and 0.42 g/t palladium, in addition to copper, gold and silver. According to Blue Moon, this supports earlier showings of platinum group metals previously encountered at Nussir.