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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Westaway | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/16/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2020: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Westaway deposit at the Golden Highway project. Drilling results incl. 35.5m @ 2.96g/t Au from 522m. Toronto, Ontario – July 16, 2020 - Moneta Porcupine Mines I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Kevin Montgomery (Not stated) | |
| ABSTRACT: | Toronto, Ontario – July 16, 2020 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) (“Moneta” or the “Company”) is pleased to announce the results from the final two (2) drill holes testing the southern extensions of the new Westaway Target from the current drill program. Westaway is located outside of the updated November 2019 NI 43-101 mineral resource estimate and the drill holes are part of the 2019/2020 winter drill program completed on the Company’s Golden Highway Project, 110 km east of Timmins, Ontario (Figure 1).The latest assay results are from the final two (2) drill holes, MGH20-150 and MGH20-155, completed on the 2019/2020 winter drill program at the Westaway discovery for a total of 1,575.0 m, located west of the South West Deposit (Table 2). Drill hole MGH20-150 was testing the southern extensions of the new veins recently discovered at Westaway south of hole MGH20-143 and MGH20-155 was confirming the western and down dip extensions of the veins to the west of MGH20-143 (ME-PR 07-2020, dated May 05 2020 and ME-PR 12-2020, dated June 24 2020). The drill program consisting of 36 holes for 18,159.00 m was successfully completed with the processing and assaying of core continuing under COVID-19 work safety protocols. The results of the “55” deposit extension drill program remain pending and will be released upon receipt. | |
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