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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 1.93m @ 34.36g/t Au from 266.10m. TORONTO, June 21, 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, June 21, 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 are extremely pleased to continue to expand the footprint of gold mineralization at South West and confirm another new vein, Walnut and extend the known seventeen vein structures to depth and to the south. Our new drilling and understanding of the vein structures gives us confidence that we can connect the veins from surface to the historical drilling to depths of 1,200 m. We also extended the size of one mineralized shoot, SW-1 with the current drilling. We are encouraged by the new results and plan to complete the logging and assaying of core from the expanded drill program at South West to continue to define a larger gold system, increase the number of veins and shoots, and confirm the higher grade mineralization." The latest assay results are from seven drill holes totalling 4,813.6 m of drilling at South West that continues to test the higher grade structural targets. The ongoing drill program at South West follows up on the previously announced exploration drill program undertaken by the Company in late 2017 and early 2018 on the Golden Highway Project and that was expanded to 41,100 m in 70 drill holes. Assays for additional drill holes are pending and will be released as they become available for the South West and "55" areas. | |
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