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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | South West target | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-2-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its South West target deposit at the Golden Highway project. Drilling results incl. 1.63m @ 1,078.43g/t Au from 270.12m. TORONTO, Feb. 8, 2018 /CNW/ - Moneta Porcupi | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.2g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Feb. 8, 2018 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from five additional diamond drill holes completed on the South West Deposit ("South West") located within the Company's Golden Highway Project located approximately 110 km east of Timmins, Ontario (Figure 1). Gary O'Connor, Co-CEO & Chief Geologist commented, "The five latest drill holes have confirmed our new understanding at South West where additional well mineralized vein arrays were identified both west and east of the previously announced central area veins. This recent program has added several new vein occurrences and confirmed the up-dip potential from previously drilled veins at depth. The new drilling has also confirmed the occurrence of well mineralized shoots along the shear plane which occur on the Banded Iron Formation contact. The latest results include the highest assay returned to date from the Golden Highway Project of 0.50 m @ 3,510.00 g/t Au. These results are encouraging and indicate a much larger vein system than previously known, now covering an area over 800m wide. We will continue to drill the South West deposit to expand the size and confirm the grades." The latest results are from five drill holes totalling 2,642.00 metres of drilling at South West designed to confirm and expand our new geological interpretation of the deposit, testing new zones of mineralization. The ongoing drill program continued to test high grade targets as part of the previously announced exploration drill program undertaken by the Company in late 2017 on the Golden Highway Project. | |
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