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Re: porcupine post# 180

Thursday, 10/18/2012 4:11:06 PM

Thursday, October 18, 2012 4:11:06 PM

Post# of 541
Golden Highway Project NI 43-101 resource previous
estimate
totaled 3.1 Million ounces of Gold
(Press release December 1, 2011).




Moneta owns excellent Gold Mines Resources -
ex....




http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80637789


Moneta Announces Positive Metallurgical Results on Golden Highway
Gold Project and Planned NI 43-101 Resource Update


http://tmx.quotemedia.com/article.php?newsid=54620691&qm_symbol=ME
TORONTO, Sept. 27, 2012 /CNW/ -

Moneta Porcupine Mines Inc.
(TSX: ME) (OTC: MPUCF) (XETRA: MOP) ("Moneta" or the "Company")
announces positive results from its metallurgical test program
("Program") on its 100% owned Golden Highway Project, located
100km east of Timmins, Ontario (Canada).


The Company also announces that it has commenced an updated
NI 43-101 Mineral Resource Estimate on
the Golden Highway Project,
which will now include
three new and previously excluded
gold zones.


The previous Golden Highway Project NI 43-101 resource
estimate
totaled 3.1 Moz of gold (Press release December 1, 2011).


Highlights:

Recoveries of up to 96.4% Au for
the 55 Zone,
Gap Zone,
Windjammer Central/South/North zones and
Southwest Zone;


Recoveries are consistent across all zones and suggest that the
mineralization can be processed by one standardized milling
method;

The current metallurgical leach results are consistent with
historical testing completed on
the Southwest Zone by
Barrick Gold and Windjammer North and South by Newmont Mining.
Composite Feed Grind Size Au Extraction (%)
K80, µm 48-hr
55 Zone 25 95.2
Gap Zone 25 95.3
Windjammer Central 22 94.1
Windjammer South 24 95.3
Windjammer North 18 88.0
Southwest Zone 24 96.4
55 Zone 32 96.2
Gap Zone 42 95.7
Windjammer Central 28 95.0
Windjammer South 36 93.2
Windjammer North 23 86.8
Southwest Zone 37 95.4
55 Zone 68 91.5
Gap Zone 75 91.9
Windjammer Central 64 92.7
Windjammer South 70 94.3
Windjammer North 61 78.3*
Southwest Zone 79 94.4
* Denotes CIL test result


Mr. Peres, President and CEO of Moneta commented, "This is another important step in advancing our large flagship gold project. We are pleased that our Golden Highway mineralization responds well using standard, cost-effective milling options and generates very high metallurgical recoveries. The next step is to design the mill process flowsheet."

Six composite samples were prepared for each of the gold zones
at the average resource grade of 1.0 g/t Au.
Composites were tested using three different grind size bottle
roll and cyanide leach tests to establish metallurgical
recoveries and zone characteristics.

The Program was conducted by SGS Minerals Services under the
supervision of Jake Lang, with oversight by EHA Engineering Ltd.
for P&E Mining Consultants Inc., authors of the (December 2011)
NI 43-101 Technical Report on the Golden Highway Project.


The contents of this press release have been approved by
independent Qualified Persons Alfred Hayden, P.Eng of EHA
Engineering Ltd. and Eugene Puritch, P.Eng. of
P&E Mining Consultants Inc..

About Moneta

Moneta holds a 100% interest in 5 core gold projects strategically
located along the Destor Porcupine Fault Zone in the world class
Timmins Camp with excellent infrastructure including access
roads, water, electricity, and mills.
The land position is one of the largest -
after three gold producers - including the highly prospective
Golden Highway Project which covers 12 kilometers of a
volcanic/sedimentary belt along the Destor Porcupine Fault Zone
and hosts a
NI 43-101 indicated resource of 1.07 million ounces gold (33.5 Mt
at 1.00 g/t) plus a NI 43-101 inferred resource of 2.07 million
ounces gold (47.8 Mt at 1.35 g/t) clustered within 4 kilometres.

Moneta's public documents may be accessed at www.sedar.com. For further information on Moneta, please visit our website at
http://www.monetaporcupine.com
or email us at info@monetaporcupine.com.

This news release includes certain forward-looking statements ----
We assume no obligation to revise or update these forward-looking
statements.


SOURCE: Moneta Porcupine Mines Inc.

Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com

http://www.monetaporcupine.com

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80637789

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

$3.30/share on just under 6M/oz
for TRR..
Read more at
http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31651266&l=0&r=0&s=me&t=LIST#lV9h6jSCRHeU2dLR.99

Eg....
PDG taken out of AR - Au 6mil/oz -
MARKET CAP $284.45 m
compare
ME MARKET CAP $35.23 m
ME way undervalued & oversold


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=me&t=LIST&m=31651266&l=0&pd=2&r=0#rqxPB814yfm3W5yl.99
God Bless


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

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