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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | West Block | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2019: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its West Block deposit at the Golden Highway project. Drilling results incl. 16.49m @ 1.89g/t Au from 255.75m. Gary O'Connor, CEO & Chief Geologist commented, "We co | |
| 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 continue to be encouraged by intersecting the strike extensions of the Gap series of veins at depth at South West beyond the current resource adding up to 100 m strike. We are also pleased to have intersected a new vein, Sycamore between the Larch and Gap-2 veins. The current drilling extended veins by over 100 m north of the gabbro outside the current resource. The drill program has also drill tested many of the veins at South West confirming the location and continuity, both upgrading the confidence of the resource and potentially increasing overall grade. The ongoing drill program is designed to continue to test the extensions of the Gap veins and the West Block area which were not included in the recent resource estimate update. The drill program is continuing to have success drilling extensions to the resource." The latest assay results are from the next two drill holes, MGH19-112 and MGH19-115, totalling 1,353.0 m of drilling completed at the South West deposit to test the southern depth extensions of the Gap veins and the northern extensions on the South West veins beyond the gabbro. 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 confirmed a new | |
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