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On 5 March 1998 it was announced that data returned by the Lunar Prospector spacecraft indicated that water ice is present at both the north and south lunar poles, in agreement with Clementine results for the south pole reported in November 1996.
nssdc.gsfc.nasa.gov/planetary/ice/ice_moon.html
An abundant supply of water on the Moon would make establishment of a self-sustaining lunar colony much more feasible and less expensive than presently thought. Study of lunar samples revealed that the interior of the Moon is essentially devoid of water, so no underground supplies could be used by lunar inhabitants. However, the lunar surface is bombarded with water-rich objects such as comets, and scientists have suspected that some of the water in these objects could migrate to permanently dark areas at
www.soest.hawaii.edu/PSRdiscoveries/Dec96/IceonMoon.html