Blue Moon Metals Inc. (NASDAQ: BMM) announced drilling results from its Nussir Copper-Gold-Silver Project in Norway, according to a company statement.

The company completed two step-out holes from a previously drilled location that had returned 9.7 meters grading 0.93% copper, 0.28 g/t gold, and 11.5 g/t silver in 2014. The new holes, drilled 200 meters away at depths exceeding 1,100 meters, intersected mineralization.

Hole NUS-DD-1401-02 returned 1.75% copper, 0.16 g/t gold and 27.91 g/t silver over 6.7 meters at 1,166.5 meters depth. Hole NUS-DD-1401-03A returned 0.86% copper, 0.16 g/t gold and 27.75 g/t silver over 3.0 meters at 1,120.7 meters depth.

The company also completed a second mother hole, NUS-DD-26-07, which intercepted 6.85 meters of mineralized material. Assay results are expected in the second quarter.

Blue Moon completed 1,477 meters of a planned 3,000-meter infill drilling program designed to increase measured resources. The program achieved a 100% success rate for intersecting known mineralization, according to the statement.

The company discovered two previously unsampled historical drill holes that intersect the target horizon, stored at Norway's Geological Survey core storage facility.

Theodore Veligrakis, VP Exploration, stated the drilling aims to demonstrate Nussir as a multi-generational mine and expand the project's resource base.

Blue Moon operates five polymetallic projects across Norway and the United States. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, and Wheaton Precious Metals.