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Re: NYBob post# 204

Wednesday, 10/17/2012 7:42:51 PM

Wednesday, October 17, 2012 7:42:51 PM

Post# of 541
Moneta Porcupine Mines Inc (TSE:ME)




Moneta Gold Mine head frame and mill – circa 1940

Moneta Gold Mine -

* Moneta Mine @ Kayorum mining property (100% - 52 claims)

• Between Hollinger Mine (19M/oz) and Dome Mine (17M/oz to date)

• Immediately adjacent to Goldcorp Hollinger super pit expansion

• Hosts the Moneta Gold Mine (7 levels to 450m depth):

* Former high grade producer (1940’s: 150,000 oz @ 0.47 oz/t)

* Highest Gold average grade of the Gold Producers in

* Porcupine Mining Camp of Golden Horse Shoe below

* Hudson Bay, Ontario -

* were about Au 200 million ounces been produced

* Gold at $35 in 1940’s – cutoff was 8.00g/t

* 2011 drilling: significant grade remains within,
outside the mine workings -
often the veins wider and richer bellow -
the old timers only got a sniff of the rich
treasure chests well hidden below the old
very shallow mine workings -


Moneta Porcupine Mines Presentation -

http://www.monetaporcupine.com/i/pdf/MONETA_AUGUST_2012.pdf

http://www.monetaporcupine.com/s/Presentation.asp



The Kayorum large mining property -

* covers several patents and leases

* including the past producing

* Moneta Gold Mine -

* Moneta Mine production (Gold 149,250 oz.@ Au 0.47 oz/t)

* for a total of 52 units, all the south-western portion of the
City of Timmins.

* Kayorum is directly south and southwest of

* the Hollinger Gold Mine -
surface and underground workings @ Kayorum boarder

* currently being evaluated by

* Porcupine Gold Mines (Goldcorp)

* Hollinger Mine for its open pit and

* bulk underground mining potential.




http://www.northernontariobusiness.com/Regional-News/timmins/Mine-development,-exploration-ongoing-in-Timmins.aspx



http://www.porcupinegoldmines.ca/en/ouroperations/hollinger.asp

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72537837


My opinions are my own and and DD I post should be confirmed as unbiased

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