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Moneta Porcupine Mines Inc.
Summary
| Project: | Golden Highway | |
|---|---|---|
| Deposit: | Windhammer North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-10-2017: Moneta Porcupine Mines Inc. announces an Exploration/Drilling Update report for its Windhammer North deposit at the Golden Highway project. Resampling of historic drillcore results incl. 0.76m @ 20.31g/t Au. TORONTO, Oct. 5, 2017 /CNW/ - Moneta | |
| Resources: | (Resource): 31.1Mt @ 1.09g/t Au (Ind.) and 83.3Mt @ 1.20g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | TORONTO, Oct. 5, 2017 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) (the "Company") is pleased to announce that it has mobilized a third diamond drill rig to test new targets generated through a technical review of its gold projects and has commenced diamond drilling on the Windjammer North target within the Company's Golden Highway Project located approximately 110km east of Timmins, Ontario (see link below). The Windjammer North Zone (see link) is located immediately south of, and parallel to the regional Destor-Porcupine Fault Zone ("DPFS"), trending ENE (070°) and hosted primarily within altered komatiitic ultramafic rocks of the Kidd-Munro assemblage. The target zone consists of at least five west plunging (~25°W) zones up to 50m wide, that can be traced for over 400m along strike (see link). The zones show an aggregate thickness of over 100m. The diamond core resampling program conducted over the summer of 2017 included the sampling of historical drill core which had not been previously sampled, but has been identified as possible extensions to newly identified zones that were not previously recognized. Hole WJ-88-38 is located ~150m from the nearest hole at Windjammer North and displayed similar alteration and mineralization to the zones identified to the east. | |
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