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
Recent ME News
- 23andMe Initiates Phase 1 Clinical Trial for its Dual Mechanism Antibody, 23ME-01473, Targeting ULBP6 • GlobeNewswire Inc. • 03/20/2024 11:30:00 AM
- 23andMe Launches New Feature Connecting Customers to Historical Individuals from Hundreds and Even Thousands of Years Ago • GlobeNewswire Inc. • 03/19/2024 12:00:00 PM
- 23andMe Launches New Genetic Reports on Common Forms of Cancer • GlobeNewswire Inc. • 03/06/2024 12:30:00 PM
- 23andMe Announces Three Presentations from Clinical-Stage Immuno-Oncology Programs at the American Association for Cancer Research (AACR) Annual Meeting 2024 • GlobeNewswire Inc. • 03/05/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:36:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/07/2024 09:07:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:03:56 PM
- 23andMe Reports Third Quarter Fiscal 2024 Financial Results • GlobeNewswire Inc. • 02/07/2024 09:01:00 PM
- Moneta Gold and Nighthawk Gold Complete At-Market Merger to form STLLR Gold Inc. • Business Wire • 02/06/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 12:50:09 PM
- 23andMe Launches Month-Long Initiative to Amplify ARRAY’s “Seat16” Program for Acclaimed Film ORIGIN by Ava DuVernay • GlobeNewswire Inc. • 01/31/2024 03:12:36 AM
- Nighthawk Gold Obtains Final Court Order for the Proposed Arrangement • Business Wire • 01/30/2024 10:00:00 PM
- 23andMe to Report FY2024 Third Quarter Financial Results • GlobeNewswire Inc. • 01/24/2024 09:05:00 PM
- Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board • Business Wire • 01/22/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 12:45:21 PM
- 23andMe announces further expansion of 23ME-00610 Phase 1/2a clinical trial in advanced neuroendocrine and ovarian cancer patient cohorts • GlobeNewswire Inc. • 12/19/2023 01:00:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 12/01/2023 09:06:04 PM
- Nighthawk and Moneta Announce At-Market Merger to Create a Leading Canadian Gold Development Company • Business Wire • 11/28/2023 12:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 09:41:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 09:40:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:06:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:29:40 PM
- 23andMe Reports Second Quarter Fiscal 2024 Financial Results • GlobeNewswire Inc. • 11/08/2023 09:05:00 PM
- 23andMe Launches Total Health™, its Comprehensive, Prevention-Based Health Membership • GlobeNewswire Inc. • 11/07/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 01:15:54 PM
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM