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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Halfway | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2019: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Halfway deposit at the Golden Highway project. Drilling results incl. 7.70m @ 2.02g/t Au from 210.20m. TORONTO, Dec. 11, 2019 /CNW/ - Moneta Porcupine Mines In | |
| Resources: | (Resource): 3.819Mt @ 4.53g/t Au (Ind.) and 8.474Mt @ 4.31g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Dec. 11, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from the first drill hole testing gold mineralization on the new Halfway target located 500 m east of the updated November 2019 NI 43-101 mineral resource estimate. The drilling is part of the 2019/2020 winter drill program currently underway on the Company's Golden Highway Project, 110 km east of Timmins, Ontario, (see Figure 1). Gary O'Connor, CEO & Chief Geologist commented, "We are pleased to have intersected multiple zones of gold mineralization at the new Halfway target returning results of up to 0.77 m @ 15.50 g/t Au from our first drill hole. The Halfway target is located 500m east of the updated November 2019 Resource Estimate and is hosted within the same geological setting. Our recently announced drill program to test the new Halfway and Westaway targets as well as drill test the resource expansion potential at West Block (South West), 55 and Windjammer South deposits is ongoing and will continue over the winter". The latest assay results are from the first drill hole, MGH19-123 from the 2019/2020 winter drill program drilled to a depth of 501.00 m at the Halfway Target to test the potential of historical highgrade gold intercepts. The first drill hole was drilled to test the up-dip and southern extensions of the previously intersected mineralized vein zones. | |
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