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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Windjammer North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2018: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Windjammer North deposit at the Golden Highway project. Drilling results incl. 9.50m @ 7.52g/t Au from 462.3m. MOP) ("Moneta" or the "Company") is pleased to ann | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.20g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Gary O'Connor (Internal) | |
| ABSTRACT: | MOP) ("Moneta" or the "Company") is pleased to announce the results from six diamond drill holes completed on the Windjammer North area ("Windjammer North") located within the Company's Golden Highway Project (located 110 km east of Timmins, Ontario). Highlights: Step-out drilling at Windjammer North was designed to test the up and down plunge extensions of the two main plunging zones of gold mineralization previously identified at Windjammer North (Press release, 05 October 2017) as well as test Zone 3 and Zone 4 at depth. Gary O'Connor, CEO & Chief Geologist commented, "We are very pleased to have extended the up-dip and down-dip plunges of the two main zones of mineralization at Windjammer North and confirmed two additional zones at depth. Drilling has extended the size of mineralization within this gold system and has confirmed our interpretation and the high-grade potential at Windjammer North. The encouraging results add to our inventory of targets with good potential within the Golden Highway Project beyond the South West and Discovery areas with Windjammer North also returning good intercepts from step-out drilling." The latest assay results are from six drill holes totalling 3,085.0 m of drilling completed at Windjammer North testing higher grade structural targets. The drill program at Windjammer North was part of the previously announced exploration drill program undertaken by the Company in late 2017 on the Golden Highway Project, which was expanded to 41,100 m in 70 drill holes. Additional assays for drilling conducted at South West and the "55" area are pending and will be released as they become available. | |
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