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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Golden Highway | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2019: Moneta Porcupine Mines Inc. announces a Resource Estimation report for its Golden Highway deposit at the Golden Highway project. Updated mineral resource estimate at project. TORONTO, Nov. 26, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) | |
| Resources: | (Resource): 3.819Mt @ 4.53g/t Au (Ind.) and 8.474Mt @ 4.31g/t Au (Inf.) | |
| CP/QP: | [Resources]: B. Terrence Hennessey (Micon International Ltd.) | |
| ABSTRACT: | TORONTO, Nov. 26, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to provide an updated mineral resource estimate for the South West deposit located within its 100% owned Golden Highway Project, located 110 km east of Timmins, Ontario. The update is based on the latest drill program completed in Q2, 2019 (see Figure 1 and Table 1). The updated mineral resource was independently prepared by Micon International Limited in accordance with National Instrument 43-101 ("NI 43-101"), with an effective date of November 15, 2019 and using a database current as of October 14, 2019. The South West deposit has shown a significant improvement in size over the January 2019 resource estimate and remains open. Moneta has identified several adjacent targets at surface displaying the same style and tenor of gold mineralization within the Golden Highway Project which were not included in this mineral resource update and are the focus of our current drill program. Moneta is also drilling the extensions of adjacent gold deposits within the Golden Highway Project. | |
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