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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 7.90m @ 8.09g/t Au from 213.0m. TORONTO, Oct. 24, 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. 24, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from three drill holes completed on the South West ("South West") and Windjammer South Deposits ("Windjammer South") as part of the recently completed summer 2018 drill program, which will be incorporated into the 43-101 resource estimate update anticipated later this year. South West and Windjammer South are 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 encouraged that the latest drill results confirmed the setting of high gold mineralization at Windjammer South is similar to that at the South West, Gap and "55" deposit areas. The new drilling at Windjammer South and South West was part of the 2018 summer drill program and has confirmed the new SW-8 stockwork zone and 4 new vein structures at Windjammer South. The positive results at Windjammer South will enable the stockwork zones and mineralized vein structures at Windjammer South to be included in the pending resource update. The new drill holes also confirmed the SW-6 and the new SW-7 mineralized shoots at South West. The latest holes at South West were drilled to enable the SW-6 and SW-7 mineralized stock-work zones and associated vein structures to be included in the resource estimate update scheduled for later this year." The latest assay results are from three (3) drill holes totalling 1,238.60 m from a total of 3,550.70 m drilled in eight (8) drill holes this past summer. The new results form part of the drill program undertaken by the company at South West and Windjammer South 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 for the new resource update. | |
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