Blue Moon Expands Nussir Mineralization with Deep Drilling Success
Event summary
- Blue Moon's deep drilling at Nussir intersected high-grade mineralization at 1.2 km depth, with step-out holes returning 2.08% CuEq over 6.7 meters and 1.19% CuEq over 3.0 meters.
- Surface infill drilling achieved a 100% success rate, filling gaps in the mineral resource estimate and identifying potential new zones of mineralization.
- Historical drill cores from NGU's Løkken facility were rediscovered and will be resampled for additional data.
- Assay results from ongoing programs are expected in Q2 2026.
The big picture
Blue Moon's success in deep drilling at Nussir aligns with its strategy to position the project as a key European copper source amid growing demand for critical minerals. The company's focus on both near-term mining resources and long-term exploration targets reflects broader industry trends toward resource extension and mine life optimization. With major shareholders including Teck Resources and Wheaton Precious Metals, Blue Moon is leveraging advanced drilling techniques to de-risk the project while enhancing its appeal to investors.
What we're watching
- Resource Expansion
- Whether Blue Moon can sustain the pace of high-grade intercepts in deeper zones, potentially increasing Nussir's long-term viability as a multi-generational mine.
- Geological Understanding
- How the integration of historical and new orientated drill core data will refine the structural model of the deposit.
- Metallurgical Testing
- The effectiveness of upcoming metallurgical test work in optimizing processing methods for the expanded resource.
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