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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-4-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 8.0m @ 3.77g/t Au from 566.0m. TORONTO, April 11, 2018 /CNW/ - Moneta Porcupine Mines I | |
| 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, April 11, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from eight 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, see Figure 1). Highlights: Step-out drilling at South West continued to extend the strike and depth extent of the tension vein structures, the SW-1 and SW-2 mineralized shoots and intersected a new shoot (SW-5). Drilling has increased the total number of veins to fifteen and mineralized shoots to five. Gary O'Connor, CEO & Chief Geologist commented, "We are very pleased to see the continued expansion of gold mineralization in the South West area. Step-out drilling has extended the strike and depth extent of the veins and mineralized shoots. The drilling continues to expand the size potential and confirms the grades of these higher-grade structures being targeted by the drilling. The total number of veins has increased to fifteen and mineralized shoots to five. We have been very encouraged by the results to date and continue to drill at South West to expand the size of the system, increase the number of veins and shoots, and confirm the higher grades." The latest assay results are from eight drill holes totalling 4,885.90 m of drilling at South West testing higher grade structural targets. The ongoing drill program at South West continues as part of the previously announced exploration drill program undertaken by the Company in late 2017 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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