Moonbound Mining Ltd. announced that it has started its 2023 Field Program at its Yak Property in northwestern British Columbia. The Program is anticipated to be completed by the end of July and is focused on surface prospecting, mapping and silt sampling. The Program will cover as much ground as weather and budget will permit and aims to provide relevant coverage across the project.

Mapping and prospecting will focus on ground-truthing minfile occurrences, remote sensing alteration anomalies and regional-mapping identified structurally complex areas on the property. Although the 2021 property visit was successful in confirming mineralization at the Yak North showing (2021 float sample assayed 0.93g/t Au, 342g/t Ag), several of the other minfile occurrences were already buried by the late autumn snow. Additional areas of interest have been identified from data collected by an ASTER Satellite (Advanced Spaceborne Thermal Emission and Reflection Radiometer) and interpreted in late 2021 and early 2022.

This dataset showed a number of interesting coincident strong silica, strong epidote-chlorite and sericite alteration, which are common alteration minerals associated with epithermal gold mineralization. In addition to these targets, there are mapped structures that are either coincident or forming contacts between stratigraphy from regional government surveys, which could host mineralization. Additionally, the Company decided to postpone the financing announced on April 19, 2023.