General Moly, Inc. announced positive initial drill assay results confirming near-surface, high-grade zinc and at-depth, noteworthy copper-silver mineralization at the Mt. Hope Project site in central Nevada. The Nevada Supreme Court denied Eureka County’s Writ Petition in an attempt to halt the scheduled September 11, 2018 hearing on the water applications for the Mt. Hope molybdenum project. Results from hole MH-249 and partial results from hole MH-250 of an ongoing 10-hole exploration core drilling program were encouraging in identifying shallow horizons or bedding replacement in geologic terms of zinc mineralization, and encouraging copper-silver intercepts at a depth from surface of over 450 feet in hole MH-250. The high-grade, copper-silver target (“Cu-Ag Target”), which was first identified earlier this year by General Moly from historical drill data, lies at approximately 500 to 700 feet from the surface and below the historically mined zinc mineralized horizons. Highlights from Initial Drill Results: Hole MH-249 showed consistent zinc mineralized intercepts (+3.5% zinc) from approximately four feet from the surface to a depth of 155 feet, including a 74.5-foot interval with an average of 13.08% zinc, 0.07% copper and 0.16 silver ounce per ton (“opt”) beginning at 80.5 feet from surface. Hole MH-250 intercepted 88 feet of 1.16% zinc from a depth of 229 feet, 6.5 feet of 0.99% copper and 2.8 opt silver from a depth of 480.5 feet, 20 feet of 0.50% copper and 1.31 opt silver from a depth of 507 feet, and 21 feet of 0.43% copper and 1.04 opt silver from a depth of 576 feet. In the skarn target zone of drilling, the results from holes MH-249 and MH-250 indicate thick zinc horizons that may have open pit mining potential in this area of historical zinc underground mining. Important copper-silver intercepts at depth in hole MH-250 will require follow-up exploration to expand the known mineralization. Hole MH-249 was terminated at 155 feet from the surface after encountering an unmapped underground working that could not be bridged using normal drilling techniques. Assays are pending for the lower portion of hole MH-250 from 597 feet to 907 feet. These first two drill holes intersected thick sequences of high-grade zinc and notable copper mineralization in strongly altered and metasomatized (altered rock by hydrothermal and other fluids) limestones, siliceous siltstones and calcareous siltstones of the Permian Garden Valley formation in close proximity to the Mt Hope quartz porphyry, which is the host of the Mt Hope molybdenum deposit. The molybdenum deposit lies to the northwest of the drilling location for holes MH-249 and MH-250. Hole MH-250 reached a final length of 907 feet. The assay profile was similar to that of hole MH-249 for both gossan and skarn intervals yielding average zinc grades of 7.4% and 10.9% respectively from bedding replacement occurrences. A 112-foot intercept along an interpreted fault in siltstone produced a lower-grade gossan that averaged 1.4% zinc. Four meaningful intercepts of chalcopyrite-bearing mineralization were encountered below 455-feet to 597-feet from the bedding replacement occurrences. Results are pending for the lower portion of hole MH-250.