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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | 55 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its 55 deposit at the Golden Highway project. Drilling results incl. 10.00m @ 1.78g/t Au from 118.00m. TORONTO, Sept. 18, 2018 /CNW/ - Moneta Porcupine Mines Inc. ( | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.20g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Sept. 18, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from six diamond drill holes completed on the "55" Deposit ("55") located within the Company's Golden Highway Project (located 110 km east of Timmins, Ontario, see Figure 1). Gary O'Connor, CEO & Chief Geologist commented, "We are encouraged with the latest drill results from the "55" deposit, confirming all seven (7) vein structures tested on the current program. The area represents an additional target area in a similar geological setting to the South West deposit where we are confident of adding new higher-grade structural zones to our resource base." The latest assay results are from six (6) drill holes totalling 1,467.0 m of drilling at "55" that were designed to confirm 7 of the 12 higher-grade structural vein targets identified to date. Hole MGH17- 057 was a re-drill of hole MGH17-057A which could not be completed. The drill program at "55" concludes the previously announced exploration drill program undertaken by the Company in late 2017 and early 2018 for a total of 39,300 m in 66 drill holes on the Golden Highway Project. | |
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