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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Discovery | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Discovery deposit at the Golden Highway project. Drilling results incl. 32.87m @ 2.71g/t Au from 338.13m. TORONTO, Jan. 16, 2018 /CNW/ - Moneta Porcupine Mines | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.20g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | TORONTO, Jan. 16, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results of the first three drill holes of a five hole program drilled in the Discovery Area as part of the 2017 drill program on the Golden Highway Project, located 110km east of Timmins in Ontario. The Discovery Area is located outside of the December 2012 NI 43-101 gold resource. "The results from the first three drill holes drilled in the Discovery Area are the first of a series of drilling results from our 2017 drill program to released. We are encouraged by the Discovery Area drill results as they have confirmed and expanded our new interpretation of an array of steeply south dipping gold mineralized quartz veins and breccia zones associated with intrusive dykes at shallow depths linking to deeper zones of gold mineralization along the sediment-ultramafic contact. Known mineralization was extended by over 100m in the two zones within the Discovery Area and has now extended mineralization to over 500m of strike length. The results of the final two drill holes will enable the Company to finalize future drill plans for delineating the zones of mineralization," commented Co-CEO and Chief Geologist, Gary O'Connor. | |
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