Red Moon Resources – Black Bay Nepheline Project Update

 

News Release

 

August 24, 2017

Stock Symbol: TSX.V: RMK

 

Red Moon Resources – Black Bay Nepheline Project Update

 

St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V: RMK), announces that it has received positive results from the metallurgical and beneficiation analysis carried out on samples from its nepheline deposit. Activation Laboratories (Thunder Bay, Ontario metallurgy lab) and SGS (Lakefield, Ontario), conducted metallurgical test work on composite samples from the Black Bay nepheline project following the favourable assay results from bedrock samples collected during 2016 field work. A detailed description of the metallurgical analysis is posted at http://www.redmoonpotash.com. The results of this work are presented below.

An initial 3 kilogram composite of the three highest aluminum oxide grab samples was subjected to mineralogical characterization to determine mineralogical composition, grain size distribution, particle locking and liberation factors which indicate the susceptibility of the various minerals to separate from each other when crushed and ground to smaller particle sizes.

This analysis indicates that approximately 93.6% of the composite sample comprises aluminum silicates, of which 35.1% is nepheline. Further, the analysis demonstrates that 88.2% of the nepheline is “free”, as opposed to being attached to iron-bearing minerals; iron-bearing minerals (oxides and micas) were also shown to be 86.7% free. This suggests that during crushing and subsequent concentration of nepheline, iron-bearing minerals can be efficiently separated and removed.

The primary objective of the beneficiation test work was to determine the degree to which the iron oxide content of a processed sample could be reduced by magnetic separation. The value of nepheline products is related to its iron content. Products generally require less than 0.2% iron oxide and higher-value glass specifications generally require 0.1% iron oxide or less. The test work on the Black Bay sample reduced the iron oxide content to 0.12% which suggests that the Black Bay nepheline is amenable to processing to a high value product. Further analysis on a larger sample will be required to confirm this initial assessment. As a result, the Company will obtain a composite bulk sample exceeding 1 tonne to further test it’s metallurgical and beneficiation characteristics. This program will commence in September by way of channel sampling exposed areas of the nepheline deposit that have demonstrated the highest-grade aluminum oxide in 2016 field work.

The property is situated along the southern Labrador highway 10 kilometers from Red Bay and 6 kilometres from tide water at Black Bay. The Blanc Sablon, QC airport is a 90-minute drive from the property.

Patrick Laracy, President and CEO commented “Nepheline projects that can meet industrial specifications in accessible areas near tide water are rare. We are very encouraged by our initial results and look forward to processing more material to gain greater confidence in the ability of the Black Bay deposit to deliver a project worthy of resource definition and advancement to feasibility analysis. ”

Please refer to www.redmoonpotash.com for further information about the Company’s projects. Patrick J. Laracy, P. Geo, President, and Patrick Collins, P. Geo. are qualified persons responsible for the contents of this news release as defined in National Instrument 43-101.

We seek Safe Harbor.

Red Moon is an industrial minerals exploration and development company which in addition to its Black Bay Nepheline project is advancing the Ace Gypsum deposit and Captain Cook salt deposit towards development in Western Newfoundland. Vulcan Minerals Inc. (TSX.V: VUL) owns approximately 67% of the common shares of Red Moon.

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.

 

For information please contact:

Patrick J. Laracy, President

(709) 754-3186

info@redmoonpotash.com

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