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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-7-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 47.00m @ 2.08g/t Au from 381.00m. TORONTO, July 19, 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, July 19, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from seven 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). Gary O'Connor, CEO & Chief Geologist commented, "We continue to be encouraged by the drill results which have continued to extend mineralization and intersected new mineralization. We have now identified seventeen (17) vein structures and along strike and nine (9) mineralized shoots, ultimately adding to the overall size potential at South West. These results continue to increase our confidence and understanding of the vein structures and stockwork zones. We plan to complete the logging and assaying of core from the expanded drill program on the Golden Highway project in order to define a larger gold system; increase the number of veins and shoots; and confirm the higher grade mineralization in preparation for a resource update." The latest assay results are from seven drill holes totalling 3,868.0 m of drilling at South West that continues to test the higher grade structural targets. The drill program at South West follows up on the previously announced exploration drill program undertaken by the Company in late 2017 and 2018 that was expanded to 41,100 m in 70 drill holes. Assays for the remaining drill holes are pending and will be released as they become available for the South West and "55" areas. | |
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