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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Discovery | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Discovery deposit at the Golden Highway project. Drilling results incl. 6.9m @ 2.3g/t Au from 593.1m. TORONTO, Feb. 27, 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, Feb. 27, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from two additional diamond drill holes completed on the Discovery Deposit ("Discovery") and four diamond drill holes completed on the LC Deposit ("LC") located within the Company's Golden Highway Project located approximately 110 km east of Timmins, Ontario. Gary O'Connor, Co-CEO & Chief Geologist commented, "The two latest drill holes at Discovery have been successful in extending the Contact Zone by over 50 m to depth and 75 m to the east. At depth, mineralized quartz veins hosting visible gold grains returned 3.00 m @ 4.16 g/t Au including 1.00 m @ 10.30 g/t Au. Similar quartz veining was intercepted in hole MGH17-048 in a 75m step-out to the east. The new drilling extended the mineralization intersected in MGH17-038 of 3.00 m @ 5.24g/t Au, including 1.00 m @ 10.75 g/t Au in the Contact Zone. The drill holes have increased the size potential of the Contact Zone. Previous results released on January 16, 2018 from the 2017 drill program confirmed the size potential of the Upper Zone with mineralization reported over 15 m widths which was not targeted in these drill holes. Future drilling will focus on expanding the Upper Zone which has now been traced for over 500 m. The four holes completed at LC extended mineralization by 300 m to the east at LC, intercepting 1.00 m@ 3.38 g/t Au. We continue to be encouraged by the good results returned from our drill program to test higher grade targets on our Golden Highway Project. | |
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