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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 5.30m @ 7.63g/t Au from 568.00m. TORONTO, Oct. 10, 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]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Oct. 10, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from five drill holes completed on the South West Deposit ("South West") as part of the recently completed summer 2018 drill program, in anticipation of the 43-101 resource estimate update anticipated later this year. South West is located within the Company's Golden Highway Project located 110 km east of Timmins, Ontario (see Figure 1). Gary O'Connor, CEO & Chief Geologist commented, "We continue to be encouraged by the latest drill results as part of the resource definition drill program. The 5 new drill holes have confirmed the extent, as well as size and grade of the SW-4 and SW-6 mineralized shoots, identified during the 2017/2018 winter drill program at South West. The recent drilling has located new mineralized veins notably in the Gap area where vein modelling has not been completed as well as extended known veins. The latest holes were drilled to enable the new stock-work zones to be included in the pending resource estimate update later this year. We await the assay results of 3 drill holes which were testing 2 additional mineralized shoots at South West and one new zone at Windjammer South." The latest assay results are from five (5) drill holes totalling 2,312.10 m from a total of eight (8) drill holes for 3,550.70 m drilling at South West this past summer. The new drill program at South West forms part of the drill program undertaken by the company during the summer of 2018. The drill program was conducted to define the new mineralized stock-work zones ("shoots") identified during the 2017/2018 drill program in preparation of the new resource update. The results of the remaining | |
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