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
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