Gypsum Production Update
Gypsum Production Update St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V:RMK) announces that production continues at its Ace gypsum/anhydrite mine in western Newfoundland. Three shipments have been made to date. A fourth shipment is scheduled for this week and a fifth is scheduled for early November. Production is expected to exceed 100,000 tonnes for the season. Notwithstanding the Covid 19 disruptions which have impacted production and sales, the company is pleased with the progress made thus far in 2020. In anticipation of future demands for gypsum, the Company has been evaluating further mine development opportunities in the historic Flat Bay mines. This includes the possible reclamation of gypsum tailings left over from historic operations as previously reported. The Company is also preparing to undertake an independent third party review of the resource endowment of gypsum and anhydrite that remains at the Flat Bay mines […]