Blue Moon Metals Inc.
For the period ended Aug 10, 2026. Filed Aug 10, 2026.
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Aug 10, 2026 · Filed Aug 10, 2026
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EX-99.1 · DEEP EXPLORATION DRILLING PROGRAM
DEEP EXPLORATION DRILLING PROGRAM
Blue Moon continues to expand thehigh-grade, deep mineralization in the western limb of the Nussir project, followingup on the recommendations outlined in the NI 43-101 Technical Report by Adam Wheeler where ahigh-grade intercept of 9.7 meters at 1.22% CuEq in hole NUS-DD-14-001 was identified at adepth 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 Au2. 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 20224. 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 ore5. True thickness was calculated using: True Thickness = (From - To) * sin (intersection alpha angle)6. True thickness metres have been rounded to one decimal place | ||||||||
Fig 4. NUS-DD-26-07: 1.39% Cu, 0.05 g/t Au, 16.8 g/t Ag over 3.5m. Bornite-Chalcopyrite mineralization in siltstone host at 922.7 m. The image depicts a vein, rich in bornite with minor chalcopyrite, truncated by a later fracture, itself presenting chalcopyrite. The image shows clear evidence of multiple mineralization phases, which are being regularly noted by logging staff at Nussir. Findings such as this provide exciting prospects and theories for the department.
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| Date: News Release: Ticker Symbols: | August 10, 2026 26-27 TSXV: MOON; NASDAQ: BMM |
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Fig 5. Section G-G’ - deep exploration drillhole NUS-DD-26-07
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