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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2019: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West deposit at the Golden Highway project. Drilling results incl. 4.35m @ 6.94g/t Au from 315.75m. TORONTO, July 24, 2019 /CNW/ - Moneta Porcupine Mines | |
| Resources: | (Resource): 2.587Mt @ 4.61g/t Au (Ind.) and 6.456Mt @ 4.21g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, July 24, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from two diamond drill holes on the 2019 winter drill program. The holes were completed on the South West Deposit ("South West") located within the Company's Golden Highway Project, 110 km east of Timmins, Ontario, (see Figure 1). Gary O'Connor, CEO & Chief Geologist commented, "We are further encouraged by the continuing success of the 2019 winter drill program which has continued to intersect the strike and depth extensions of the Gap series of veins at South West beyond the current resource adding up to 100 m strike length to the south at shallower depths and up to 75 m depth extensions with the latest holes. We are also pleased to continue to intersect the shallow and southern strike extensions of the new Sycamore vein. The drill program has intercepted many of the main veins within the current resource at South West potentially upgrading the grade and width of veins and confirming the location and continuity. The drill program has continued to be successful at confirming and drilling the extensions to the resource, reinforcing the overall confidence in our interpretation." The latest assay results are from two drill holes, MGH19-119 and MGH19-120, totalling 1,212.00 m of drilling completed at the South West deposit to test the southern and depth extensions of the Gap veins. The drill holes also infilled the eastern vein structures of the South West deposit upgrading and extending the resource and confirming vein locations, thicknesses and grade. The program has also confirmed the new Sycamore vein structure. | |
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