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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Westaway Target, West Block | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2020: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Westaway Target, West Block deposit at the Golden Highway project. Drilling results incl. 5.25m @ 6.30g/t Au from 328.00m. TORONTO, Jan. 16, 2020 /CNW/ - Moneta | |
| Resources: | (Resource): 3.819Mt @ 4.53g/t Au (Ind.) and 8.474Mt @ 4.31g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Jan. 16, 2020 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from the first two (2) drill holes testing the gold mineralization at the new Westaway Target and extensions of the West Block deposit located outside of the updated November 2019 NI 43-101 mineral resource estimate. The drilling is part of the recently expanded 18,000 m 2019/2020 winter drill program currently underway on the Company's Golden Highway Project, 110 km east of Timmins, Ontario (Figure 1). "We are pleased to have drilled significant new gold mineralization at both the new Westaway Target and the extensions of West Block," commented CEO & Chief Geologist Gary O'Connor. "We have intersected twelve (12) new gold mineralized veins at Westaway as well as confirming three (3) new gold mineralized veins at West Block. The drill program has now successfully extended the gold mineralization over 1.0 km west of the South West deposit within a new target area. The 2019/2020 winter drill program has now been expanded with the addition of a third drill rig to continue to expand the new gold veins at Westaway, as well as drill test the resource expansion potential at West Block (South West), 55 and Windjammer South deposits. The fully funded drill program is ongoing and will continue over the winter." | |
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