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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Windjammer South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/9/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2020: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Windjammer South deposit at the Golden Highway project. Drilling results incl. 29.00m @ 2.33g/t Au from 469.00m. TORONTO, Jan. 9, 2020 /CNW/ - Moneta Porcupine M | |
| 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. 9, 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 three drill holes testing the extensions of gold mineralization on the Windjammer South deposit outside of the updated November 2019 NI 43-101 mineral resource estimate. The drilling is part of an expanded 2019/2020 winter drill program consisting of 18,000 m currently underway on the Company's Golden Highway Project, 110 km east of Timmins, Ontario (see Figure 1). Gary O'Connor, CEO & Chief Geologist commented, "We are pleased to have intersected multiple zones of gold mineralization over large combined thicknesses at Windjammer South. The drill program has successfully confirmed the extensions of gold mineralization with significant step-outs both west and east of the updated November 2019 Resource Estimate and has confirmed the new geological interpretation. The 2019/2020 winter drill program is testing new gold targets at Westaway and Halfway, as well as drill testing 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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