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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | West Block | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2019: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its West Block deposit at the Golden Highway project. Drilling results incl. 6.19m @ 12.22g/t Au from 274.32m. Gary O'Connor, CEO & Chief Geologist commented, "We a | |
| 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: | Gary O'Connor, CEO & Chief Geologist commented, "We are pleased to have intersected four (4) new mineralized vein structures 500 m west of the South West deposit in our first drill hole to be completed on the West Block target in 2019. The drill program was designed to test the extensions of mineralized veining previously intersected in the West Block area, located west of the Main Fault. The West Block area was not included in the recent mineral resource estimate update and occurs in the same geological setting as the South West deposit. We are encouraged that our first drill hole at West Block intersected well mineralized veining and expanded the extent of mineralization to the west by over 500 m. This is the same area where drill results released in 2018 intersected up to 1.63 m @ 1,078.00 g/t Au including 0.50 m @ 3,510.00 g/t Au in drill hole MGH17-062 (see press release ME-PR-03/2018 dated February 08, 2018). We are encouraged that the drill program is continuing to increase the size of and upgrade the resource." The latest assay results are from the first drill hole, MGH19-116 totalling 564.0 m completed at the West Block area located west of the South West deposit and designed to test the lateral and depth extent of veining in the area. The drill program at South West continues as part of the previously announced 2019 winter exploration drill program on the Golden Highway Project. The fully funded program consists of up to 10,000 metres of drilling to extend the Gap veins and test the continuity of mineralized structures in the West Block area. The drill program was temporarily on hold due to wet ground conditions but has recommenced as of May 23. Results of drill holes will be released as they become available. | |
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