Blue Moon Metals Inc. (TSXV: MOON; NASDAQ: BMM) has turned up a high-grade tungsten result in drill core that sat unsampled for nearly half a century. In an October 6, 2026 release distributed via PRNewswire, the company said hole NM-30 at its Springer Tungsten Mine near Imlay, Nevada, assayed 7.82% tungsten trioxide (WO₃) over 0.3 meters.

Highlights

Blue Moon Metals Inc. (TSXV: MOON; NASDAQ: BMM) reported 7.82% WO₃ over 0.3 meters in hole NM-30 at its Springer Tungsten Mine in Nevada, from core drilled in 1977 and never sampled at the time.
Re-assays of hole NM-45 confirmed 0.26% WO₃ over a 9.44-meter true width, including 1.74 meters at 1.08%.

All results come from re-assayed historical core, were approved by a non-independent Qualified Person, and are not a current mineral resource estimate.

WO₃ is the oxide form used to grade and price tungsten. The release headline and opening paragraph give the figure as 7.84%. Its body text and assay table both say 7.82%, the number used here.

It’s a striking grade. It’s also about a foot of rock.

One Lens, One Foot

The sample comes from a one-foot-wide skarn lens in the Sutton 1 zone, starting 183.5 meters down the hole. Skarn forms where hot fluids from an intrusion react with limestone, and it is the host rock for Springer’s tungsten. Blue Moon calls the result the second-highest drill core assay on the property and the best so far in the East Sutton Beds.

No one sampled that interval when NM-30 was drilled in May 1977. The current team relogged the core and sent it to the lab in August 2026. The lens isn’t in the company’s skarn model yet. Blue Moon plans new drilling to follow it up this year, and a deeper stretch of the hole, from 230.7 to 345.3 meters, is still awaiting results.

The Wider Picture

Broader intervals came in much lower. Re-assays of hole NM-45 confirmed 0.26% WO₃ over a 9.44-meter true width from a downhole depth of 342.4 meters, including 1.74 meters at 1.08%. Farther down the same hole, a zone never sampled historically returned 0.18% over 3.8 meters from 372.1 meters.

Hole NM-32 produced five thin intervals grading 0.06% to 0.19%. In the Sutton 2 area, holes SU-42 and SU-46 ranged from 0.06% to 0.43% WO₃, with the top figure over just 0.23 meters. Several intervals list no true width, so their real thickness is unknown.

For scale, tungsten deposits commonly grade from a few tenths of a percent up to around 1% WO₃. One narrow assay says little about average grade on its own. The NM-45 interval is lower, but it covers far more rock.

Old Core, New Lab Work

Everything here comes from re-examining historical core. According to Blue Moon’s earlier releases, General Electric drilled the archive in the late 1970s and early 1980s, and historical sampling covered only about 5% of it, for tungsten alone. About 77% of the 18,000 meters on site has now been relogged.

ALS Geochemistry, an accredited independent lab, is running the new assays using XRF analysis for WO₃ plus a 48-element suite. Blue Moon says quality-control samples make up roughly 12.5% of the total. The release cites no current mineral resource estimate for Springer, and these intercepts are not one.

Lazaros Dalampiras, MAusIMM, CP(Geo), reviewed and approved the technical content. He is Blue Moon’s Head of Mineral Resources, and the release identifies him as a non-independent Qualified Person under NI 43-101, Canada’s disclosure rule for mining projects.

Where Springer Fits

Springer sits at the center of Blue Moon’s western U.S. strategy. When Mining Markets Report covered the company’s September deal for the Turner copper-gold deposit in Oregon, the plan was to ship Turner material to a proposed mill at the Springer complex. The tungsten re-assay work runs alongside that, focused on the mine’s own rock.

Tungsten matters well beyond mining circles. It goes into cutting tools, armor-piercing munitions and electronics, and China produces the large majority of world supply. The USGS and EU both list it as a critical mineral.

The release also disclosed 150,000 stock options granted to two consultants, exercisable at C$6.99 for five years and vesting over three. If exercised, they would add modestly to the share count.

Sources

Editorial Disclosure

This article is based on a corporate press release issued by Blue Moon Metals Inc. on October 6, 2026, and distributed via PRNewswire. Securities discussed: Blue Moon Metals Inc. (TSXV: MOON | NASDAQ: BMM). Mining Markets Report has not received compensation from Blue Moon Metals, its management, investor relations representatives, or any third party for the creation of this specific coverage. No staff member, principal, or affiliate of Mining Markets Report holds a position, option, or interest in this security as of the publication date. Assay results cited in this article come from re-sampling of historical drill core and were approved by Blue Moon’s non-independent Qualified Person; they do not constitute a current Mineral Resource or Mineral Reserve estimate, and narrow high-grade intervals may not be representative of average grade. Where the release reports conflicting figures for hole NM-30 (7.84% versus 7.82% WO₃), this article uses the figure shown in the company’s assay table. Statements regarding follow-up drilling, pending assay results, and future resource evaluation are forward-looking statements. They are subject to operational risks, geological uncertainties, and regulatory approvals; actual outcomes and timing may differ materially. Mineral exploration and development-stage mining stocks carry a high degree of financial risk and can result in the total loss of invested capital. This overview is published strictly for informational, news-reporting, and educational market context purposes only. It does not constitute an investment recommendation, endorsement, or professional financial, legal, or tax advice.

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Never-Sampled 1977 Core at Springer Returns High-Grade Tungsten for Blue Moon