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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Twin Creeks, LC Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2017: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Twin Creeks, LC Zone deposit at the Golden Highway project. Drilling results incl. 25.50m @ 2.80g/t Au from 201.00m. TORONTO, May 30, 2017 /CNW/ - Moneta Porcup | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.20g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Rainer Skeries (Not stated) | |
| ABSTRACT: | TORONTO, May 30, 2017 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) ("Moneta") provides an update on its 40,000 metre drill program on its 100% owned Golden Highway Project, east of Timmins, Ontario. Ian C. Peres, President and Co-CEO stated, "The most recent stage of the drill program began the process of systematically testing exploration targets within and adjacent to existing gold zones of the Golden Highway Project. Early drilling success in the LC Zone and Twin Creeks, both outside the current NI 43-101 resource, has returned strong gold values and mineralization widths. Equally important, new strike and dip information on the mineralization, not previously available, will support revised modeling and interpretation and planned follow up drilling. With these positive results and 23,000 metres remaining in the announced drill program, we look forward to the contribution of our new Chief Geologist, Gary O'Connor moving forward." Drilling was undertaken with oriented core drilling in Twin Creeks to support modelling, establish mineralization continuity and high grade trends, as well as stepout along the Destor strike. Drilling intersected similar lithologies (rock types) and alteration as Discovery Zone and Windjammer North gold zones, located along the Destor to the east. | |
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