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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 4.20m @ 41.08g/t Au from 472.8m. Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA | |
| 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: | Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from four additional diamond drill holes completed on the South West Deposit ("South West") located within the Company's Golden Highway Project located 110 km east of Timmins, Ontario (Figure 1). Gary O'Connor, Co-CEO & Chief Geologist commented, "The four latest drill holes from South West have confirmed our new interpretation of the newly recognized mineralized shoots along the main shear plane contact. It is encouraging that drill testing of the second shoot (SW-2) returned assays of up to 4.20m @ 41.08 g/t Au confirming the potential high grade nature of these structures. The South West deposit continues to grow and expand, now covering an area over 800 m in strike length, with current drill results now confirming two new mineralized shoots and up-dip extensions of veins previously drilled at depth. Drilling continues on the South West deposit to expand the number and confirm the grades of the tension vein arrays and mineralized shoots." The latest assay results are from four drill holes totalling 2,292.00 m of drilling at South West. The ongoing drill program at South West was part of the previously announced exploration drill program undertaken by the Company in late 2017 designed to test higher grade targets on the Golden Highway Project. The program consisted of over 20,000 metres and 50 drill holes and the encouraging results have driven the Company to expand the drill program. Assays for additional drill holes are pending and will be released as they become available | |
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