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Moneta Discovers New Gold Mineralization at Halfway with 500 Metre Step-Out Drilling
December 11, 2019 from Canada NewsWire
Canada NewsWire
TORONTO, Dec. 11, 2019
Symbol: TSX: ME
TORONTO, Dec. 11, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from the first drill hole testing gold mineralization on the new Halfway target located 500 m east of the updated November 2019 NI 43-101 mineral resource estimate. The drilling is part of the 2019/2020 winter drill program currently underway on the Company's Golden Highway Project, 110 km east of Timmins, Ontario, (see Figure 1).
Moneta Porcupine Mines Inc. (CNW Group/Moneta Porcupine Mines Inc.)
Highlights:
New Halfway Target Drill Discovery
Drill discovery of new gold mineralized zones at Halfway target
Located 500 m east of Windjammer South and NI 43-101 resource estimate
MGH19-123: New vein zone intersected 1.80 metres ("m") @ 7.48 grams per tonne Gold ("g/t Au") including 0.77 m @ 15.50 g/t Au at 210.20 m
MGH19-123: Second new vein intersected 1.50 m @ 3.13 g/t Au including 0.75 m @ 4.17 g/t Au at 232.00 m
MGH19-123: Third vein zone intersected 1.28 m @ 7.79 g/t Au at 288.00 m
Gary O'Connor, CEO & Chief Geologist commented, "We are pleased to have intersected multiple zones of gold mineralization at the new Halfway target returning results of up to 0.77 m @ 15.50 g/t Au from our first drill hole. The Halfway target is located 500m east of the updated November 2019 Resource Estimate and is hosted within the same geological setting. Our recently announced drill program to test the new Halfway and Westaway targets as well as drill test the resource expansion potential at West Block (South West), 55 and Windjammer South deposits is ongoing and will continue over the winter".
The latest assay results are from the first drill hole, MGH19-123 from the 2019/2020 winter drill program drilled to a depth of 501.00 m at the Halfway Target to test the potential of historical high-grade gold intercepts. The first drill hole was drilled to test the up-dip and southern extensions of the previously intersected mineralized vein zones.
Halfway Target Drill Results
Drill Hole MGH19-123 was drilled to follow-up on historical drill hole MJ11-43 which intersected 3.25 m @ 8.87 g/t Au at 410.75 m drill depth, including 2.30 m @ 11.74 g/t Au and including 1.47 m @ 16.86 g/t Au (see press release ME-PR-18-2018 dated December 05, 2018). The hole was designed to test and confirm the occurrence of a mineralized vein system 500 m east of Windjammer South. The drill hole intersected a number of structural zones with varying vein density and intensity. Three (3) main structural zones intercepted zones of 7.70 m @ 2.02 g/t Au including 1.80 m @ 7.48 g/t Au, including 0.77 m @ 15.50 g/t Au at 210.20 m drill depth, 6.50 m @ 1.46 g/t Au including 1.50 m @ 3.13 g/t Au including 0.75 m @ 4.17 g/t Au at 232.00 m drill depth and 1.28 m @ 7.79 g/t Au at 288.00 m drill depth.
Table 1: "55" and Windjammer South: Selected Significant Drill Results
Hole
From
To
Length
Au
Vein
(#)
(m)
(m)
(m)
(g/t)
(Name)
MGH19-123
210.20
217.90
7.70
2.02
New
includes
210.20
212.00
1.80
7.48
New
includes
211.23
212.00
0.77
15.50
New
MGH19-123
232.00
238.50
6.50
1.46*
New
includes
235.00
236.50
1.50
3.13
New
includes
235.00
235.75
0.75
4.17
New
MGH19-123
288.00
289.28
1.28
7.79
New
Intercepts are calculated using a 2.0 g/t Au cut-off unless noted (*), a maximum of 2m internal dilution and no top cap applied. All intercepts are reported as drill widths and estimated to be 70% to 85% of true width.
Halfway Target
The Halfway target is located within a similar geological setting as the South West, 55 and Windjammer South deposits (See Figure 1). Gold mineralization is seen to occur as a series of mineralized vein structures which occur adjacent to the regional Timiskaming age banded iron formation "A" unit ("BIF-A") and hosted within an overlying brittle coarse grain sandstone. The mineralized quartz-pyrite veins occur as extensional vein structures associated with ankerite-sericite-silica-pyrite alteration haloes. The veins appear to be oriented ENE-SSW and dip steeply to the west.
Click here for Figure 1: Halfway Target Location Map- Golden Highway Project
https://www.monetaporcupine.com/uploads/GWH_PlanMap_20191209.jpg
Click here for Figure 2: Halfway: Schematic Geology Cross-Section
https://www.monetaporcupine.com/uploads/MGH19-123Schematic-X-Section.jpg
Table 2: Drill Hole Details
Hole
Easting
Northing
Elevation
Azimuth
Inclination
Depth
(#)
(mE)
(mN)
(masl)
(°)
(°)
(m)
MGH19-123
572570
5370532
356
70
-55
501.00
QA/QC Procedures
All core drilling conducted by Moneta was oriented. Drill core is cut with half sent to AGAT Laboratories Inc. (AGAT) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). AGAT is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed using an AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample. Moneta inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates, as well as completing third-party check assays at Activation Laboratories Ltd. Gary O'Connor, FAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this press release.
About Moneta
The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production. The projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, DeSantis East, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ground along the DPFZ of which 4 km hosts the current 43-101 mineral resource estimate comprised of an indicated resource of 556,500 ounces gold contained within 3.82 Mt @ 4.53 g/t Au and a total of 1,174,000 ounces gold contained within 8.47 Mt @ 4.31 g/t Au in the inferred category at a 3.00 g/t Au cut-off.
The Company's public documents may be accessed at www.sedar.com. For further information on the Company, please visit our website at www.monetaporcupine.com or email us at info@monetaporcupine.com.
This news release includes certain forward-looking information and forward-looking statements, collectively "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements include, but are not limited to information with respect to the future performance of the business, its operations and financial performance and condition such as the Company's drilling program and the timing and results thereof; and the ability of the Company to finance and carry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.
SOURCE Moneta Porcupine Mines Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2019/11/c5443.html
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C. Peres, President and CFO, 416-579-3040Copyright CNW Group 2019
Canada Newswire
December 11, 2019 - 5:41 AM PST
Metals & Mining | Industrial Metals & Minerals | Moneta Porcupine Mines Inc.
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In GOD We Trust -
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Happy New Year2020
Moneta Porcupine Mines Inc. ME TSX Exchange 1st mining comp. listed @ TSE & One of the Oldest Gold Mining Producer In Canada -
Moneta Gold Mine The Highest average grade
Gold Mine Producer in Timmins -
still virgin because the mill destroyed early by fire -
the mining were @ shallow level -
the rich ore often start below 1000 meter deep -
The Moneta Gold Mine is located in the NW portion of
Moneta’s Kayorum property and is immediately
adjacent to the east to the Hollinger Gold Mine.
Total production between 1938-1943 was
149,250 oz gold
from 314,829 tons at an average grade of 0.47 oz/t.
The Moneta Gold Mine underground infrastructure includes
a shaft to 1,492 feet with 6 levels of development.
Moneta’s Gold Mine Kayorum property is of particular interest
as the immediately adjacent Hollinger Gold Mine pit project
has been approved with development underway in 2012.
The project envisions a 200-250m deep multiple phase open pit
based on a 2010 resource of 3.47Mozs and 782,000 oz in reserves.
Exploration drill programs have also identified several underground
mining opportunities by ramp and existing underground infrastructure
for both the Hollinger (Millerton) and
McIntyre (Central Porphyry Zone) mines -
Hollinger underground working butt right up the border
of Moneta Gold Mine @ Moneta’s Kayorum property still very large
gold mine property -
https://en.wikipedia.org/wiki/Hollinger_Mines
Moneta Announces Closing of Strategic Investment by Eric Sprott -
http://crweworld.com/article/news-provided-by-pr-newswire/1246018/moneta-announces-closing-of-strategic-investment-by-eric-sprott#
Moneta holds a 100% interest in 5 core gold projects and a 50% JV with
Kirkland Lake Gold strategically located on or along
the Destor Porcupine Fault Zone corridor (“Destor”), one of the key
mineralized structures in the Abitibi Greenstone belt in Ontario, with
excellent infrastructure including access roads, water, electricity,
and mills.
Most gold mineralization in the region is associated with the Destor,
including significant resources and producing mines now operated by
Porcupine Gold Mines (Goldcorp) and several others such as Tahoe
Resources, McEwen Mining, and Kirkland Lake Gold.
The Golden Highway Camp has experienced rapid advancement of gold
resources by Moneta and others including Osisko Mining reflecting the
strong regional gold potential.
Moneta has interests in 1,046 claim units each approximately 16 hectares
in area (total area approximately 16,800 hectares) in the form of
mining patents, leases and staked claims.
Most of the Company’s landholdings are not subject to any royalty or
encumbrances other than minor royalties to third parties on a limited
number of claims primarily outside the Golden Highway Project.
The Porcupine Camp and Golden Highway Camp (here collectively referred
to as “Timmins Camp“) is one of the most prolific gold-producing areas
in the world with over 75 million ounces of gold produced to date,
including that from some 26 mines, each of which generated more than
100,000 ounces.
Moneta’s land position for gold exploration is one of the largest in the
Timmins Camp including a commanding position in the emerging
Golden Highway Camp as well as an established position
in the Porcupine Camp.
The Golden Highway Project is a largely contiguous land package of
689 claim units or approximately 11,000 hectares, and contains a
significant gold NI 43-101 Resource Estimate (Jan 2019)
containing 383,400 oz indicated (2.6Mt @ 4.61 g/t)
plus 873,200 oz inferred (6.5Mt @ 4.21 g/t).
Click to enlarge
Moneta’s recent primary gold exploration and resource development focus has
been the Golden Highway Project centred in Michaud Township 100 km east of
Timmins, Ontario along Highway 101, a major all-season route.
The Golden Highway Project captures 12 kms of the Destor Porcupine Fault
Zone Corridor, one of the most prolific Archean gold-bearing structures in the
world.
The project currently hosts a NI 43-101 resource, spanning only 4 km of the
corridor and found primarily within sedimentary host rocks along a southern
splay of the Destor. Resource growth potential exists along
the remaining 8 km of largely untested strike length along the Destor
in contact with ultramafic units, where limited historical drilling has already
confirmed gold mineralization.
The main unconformity which occurs as the mafic volcanic-sediment contact
also remains largely untested.
Moneta also has a 50% stake in the Garrison JV with Kirkland Lake Gold in the
Golden Highway Camp.
Moneta continues to maintain a large land holding in
Porcupine Gold Camp which includes the gold properties of
North Tisdale, Nighthawk Lake, Kayorum, DeSantis and Denton.
Additional properties with strategic value are historical base metal projects and
include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).
http://crweworld.com/article/news-provided-by-pr-newswire/1246018/moneta-announces-closing-of-strategic-investment-by-eric-sprott#
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Moneta Porcupine Mines Inc. ME TSX Exchange 1st mining comp. listed @ TSE & One of the Oldest Gold Mining Producer In Canada -
image:
Moneta Gold Mine The Highest average grade
Gold Mine Producer in Timmins -
still virgin because the mill destroyed early by fire -
the mining were @ shallow level -
the rich ore often start below 1000 meter deep -
The Moneta Gold Mine is located in the NW portion of
Moneta’s Kayorum property and is immediately
adjacent to the east to the Hollinger Gold Mine.
Total production between 1938-1943 was
149,250 oz gold
from 314,829 tons at an average grade of 0.47 oz/t.
The Moneta Gold Mine underground infrastructure includes
a shaft to 1,492 feet with 6 levels of development.
Moneta’s Gold Mine Kayorum property is of particular interest
as the immediately adjacent Hollinger Gold Mine pit project
has been approved with development underway in 2012.
The project envisions a 200-250m deep multiple phase open pit
based on a 2010 resource of 3.47Mozs and 782,000 oz in reserves.
Exploration drill programs have also identified several underground
mining opportunities by ramp and existing underground infrastructure
for both the Hollinger (Millerton) and
McIntyre (Central Porphyry Zone) mines -
Hollinger underground working butt right up the border
of Moneta Gold Mine @ Moneta’s Kayorum property still very large
gold mine property -
https://en.wikipedia.org/wiki/Hollinger_Mines
Moneta Announces Closing of Strategic Investment by Eric Sprott -
http://crweworld.com/article/news-provided-by-pr-newswire/1246018/moneta-announces-closing-of-strategic-investment-by-eric-sprott#
Moneta holds a 100% interest in 5 core gold projects and a 50% JV with
Kirkland Lake Gold strategically located on or along
the Destor Porcupine Fault Zone corridor (“Destor”), one of the key
mineralized structures in the Abitibi Greenstone belt in Ontario, with
excellent infrastructure including access roads, water, electricity,
and mills.
Most gold mineralization in the region is associated with the Destor,
including significant resources and producing mines now operated by
Porcupine Gold Mines (Goldcorp) and several others such as Tahoe
Resources, McEwen Mining, and Kirkland Lake Gold.
The Golden Highway Camp has experienced rapid advancement of gold
resources by Moneta and others including Osisko Mining reflecting the
strong regional gold potential.
Moneta has interests in 1,046 claim units each approximately 16 hectares
in area (total area approximately 16,800 hectares) in the form of
mining patents, leases and staked claims.
Most of the Company’s landholdings are not subject to any royalty or
encumbrances other than minor royalties to third parties on a limited
number of claims primarily outside the Golden Highway Project.
The Porcupine Camp and Golden Highway Camp (here collectively referred
to as “Timmins Camp“) is one of the most prolific gold-producing areas
in the world with over 75 million ounces of gold produced to date,
including that from some 26 mines, each of which generated more than
100,000 ounces.
Moneta’s land position for gold exploration is one of the largest in the
Timmins Camp including a commanding position in the emerging
Golden Highway Camp as well as an established position
in the Porcupine Camp.
The Golden Highway Project is a largely contiguous land package of
689 claim units or approximately 11,000 hectares, and contains a
significant gold NI 43-101 Resource Estimate (Jan 2019)
containing 383,400 oz indicated (2.6Mt @ 4.61 g/t)
plus 873,200 oz inferred (6.5Mt @ 4.21 g/t).
image:
Click to enlarge
Moneta’s recent primary gold exploration and resource development focus has
been the Golden Highway Project centred in Michaud Township 100 km east of
Timmins, Ontario along Highway 101, a major all-season route.
The Golden Highway Project captures 12 kms of the Destor Porcupine Fault
Zone Corridor, one of the most prolific Archean gold-bearing structures in the
world.
The project currently hosts a NI 43-101 resource, spanning only 4 km of the
corridor and found primarily within sedimentary host rocks along a southern
splay of the Destor. Resource growth potential exists along
the remaining 8 km of largely untested strike length along the Destor
in contact with ultramafic units, where limited historical drilling has already
confirmed gold mineralization.
The main unconformity which occurs as the mafic volcanic-sediment contact
also remains largely untested.
Moneta also has a 50% stake in the Garrison JV with Kirkland Lake Gold in the
Golden Highway Camp.
Moneta continues to maintain a large land holding in
Porcupine Gold Camp which includes the gold properties of
North Tisdale, Nighthawk Lake, Kayorum, DeSantis and Denton.
Additional properties with strategic value are historical base metal projects and
include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).
http://crweworld.com/article/news-provided-by-pr-newswire/1246018/moneta-announces-closing-of-strategic-investment-by-eric-sprott#
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Moneta holds a 100% interest in 5 core gold projects and a 50% JV with
Kirkland Lake Gold strategically located on or along
the Destor Porcupine Fault Zone corridor (“Destor”), one of the key
mineralized structures in the Abitibi Greenstone belt in Ontario, with
excellent infrastructure including access roads, water, electricity,
and mills.
Most gold mineralization in the region is associated with the Destor,
including significant resources and producing mines now operated by
Porcupine Gold Mines (Goldcorp) and several others such as Tahoe
Resources, McEwen Mining, and Kirkland Lake Gold.
The Golden Highway Camp has experienced rapid advancement of gold
resources by Moneta and others including Osisko Mining reflecting the
strong regional gold potential.
Moneta has interests in 1,046 claim units each approximately 16 hectares
in area (total area approximately 16,800 hectares) in the form of
mining patents, leases and staked claims.
Most of the Company’s landholdings are not subject to any royalty or
encumbrances other than minor royalties to third parties on a limited
number of claims primarily outside the Golden Highway Project.
The Porcupine Camp and Golden Highway Camp (here collectively referred
to as “Timmins Camp“) is one of the most prolific gold-producing areas
in the world with over 75 million ounces of gold produced to date,
including that from some 26 mines, each of which generated more than
100,000 ounces.
Moneta’s land position for gold exploration is one of the largest in the
Timmins Camp including a commanding position in the emerging
Golden Highway Camp as well as an established position
in the Porcupine Camp.
The Golden Highway Project is a largely contiguous land package of
689 claim units or approximately 11,000 hectares, and contains a
significant gold NI 43-101 Resource Estimate (Jan 2019)
containing 383,400 oz indicated (2.6Mt @ 4.61 g/t)
plus 873,200 oz inferred (6.5Mt @ 4.21 g/t).
Click to enlarge
Moneta’s recent primary gold exploration and resource development focus has been the Golden Highway Project centred in Michaud Township 100 km east of Timmins, Ontario along Highway 101, a major all-season route. The Golden Highway Project captures 12 kms of the Destor Porcupine Fault Zone Corridor, one of the most prolific Archean gold-bearing structures in the world. The project currently hosts a NI 43-101 resource, spanning only 4 km of the corridor and found primarily within sedimentary host rocks along a southern splay of the Destor. Resource growth potential exists along the remaining 8 km of largely untested strike length along the Destor in contact with ultramafic units, where limited historical drilling has already confirmed gold mineralization. The main unconformity which occurs as the mafic volcanic-sediment contact also remains largely untested. Moneta also has a 50% stake in the Garrison JV with Kirkland Lake Gold in the Golden Highway Camp.
Moneta continues to maintain a large land holding in Porcupine Gold Camp which includes the gold properties of North Tisdale, Nighthawk Lake, Kayorum, DeSantis and Denton. Additional properties with strategic value are historical base metal projects and include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).
Moneta Porcupine Mines Inc. TSX Exchange | Sep 23, 2019, 10:43 AM EDT | Real-time price
Highest average grade gold mine in Timmins still virgin 
)
mill destroyed by fire but can be back easy )
ME $ 0.115 RT
CHANGE
0.01 (9.5238%)
VOLUME
362,300
Day Low: 0.11
Day High: 0.115
52 Week Low: 0.07
52 Week High: 0.16
its about time - long overdue -
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Moneta Porcupine Mines Inc. > Gary O'Connor, CEO & Chief Geologist
TSX: ME . US: MPUCF -
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2019/09/13/moneta-porcupine-mines-inc/play/stream/28416
News: $MPUCF Moneta announces increase in Eric Sprott stake to 9.0% -
whytestocks thank you great News )
Moneta announces increase in Eric Sprott stake to 9.0% Canada NewsWire TORONTO, Sept. 10, 2019 Symbol: TSX: ME TORONTO , Sept. 10, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce a non-...
Got this from MPUCF - Moneta announces increase in Eric Sprott stake to 9.0%
Moneta announces increase in Eric Sprott stake to 9.0%
home / news releases / Moneta announces increase in Eric Sprott stake to 9.0%
September, 10 2019 08:00 AM | Canada Newswire |
Canada NewsWire
TORONTO, Sept. 10, 2019
Symbol: TSX: ME
TORONTO, Sept. 10, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce a non-brokered private placement financing with Eric Sprott (the "Placement") of (a) 4,545,455 common shares (the "Shares") at a price of $0.11 per share and (b) 15,625,000 common shares at a price of $0.16 per share, issued on a flow-through basis (the "Flow Through Shares"), for an aggregate amount of $3,000,000 and 20,170,455 shares. The placement will increase Mr. Sprott's shareholding to 27,870,455 shares, equivalent to 9.0% of the total shares outstanding.
The proceeds of the Flow Through Shares will be used to incur Canadian exploration expenditures that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's Golden Highway project, which will be renounced to the subscribers with an effective date no later than December 31, 2019, in the aggregate amount of not less than the gross proceeds raised for the Flow Through Shares portion of this Placement. A total of one hundred and thirty three thousand dollars was paid in cash finder's fees. Closing of the Placement is expected to close shortly. The Placement is subject to a standard four month hold period and final regulatory approval.
About Moneta
The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-Porcupine Fault Zone ("DPFZ") in the Timmins Gold Camp with over 85 million ounces of past gold production. The projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, DeSantis East, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ground along the DPFZ of which 4 km hosts the current NI 43-101 mineral resource estimate comprised of an indicated resource of 383,400 ounces gold contained within 2.59 Mt @ 4.61 g/t Au and a total of 873,200 ounces gold contained within 6.46 Mt @ 4.21 g/t Au in the inferred category at a 3.00 g/t Au cut-off.
The Company's public documents may be accessed at www.sedar.com. For further information on the Company, please visit our website at www.monetaporcupine.com or email us at info@monetaporcupine.com.
This news release includes certain forward-looking information and forward-looking statements, collectively "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements include, but are not limited to information with respect to the future performance of the business, its operations and financial performance and condition such as the Company's drilling program and the timing and results thereof; and the ability of the Company to finance and carry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.
SOURCE Moneta Porcupine Mines Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/10/c9088.html
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C. Peres, President and CFO, 416-579-3040Copyright CNW Group 2019
https://marketwirenews.com/news-releases/moneta-announces-increase-in-eric-sprott-stake-to-9--8625789389388808.html
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
News: $MPUCF Moneta announces increase in Eric Sprott stake to 9.0% -
whytestocks thank you great News )
Moneta announces increase in Eric Sprott stake to 9.0% Canada NewsWire TORONTO, Sept. 10, 2019 Symbol: TSX: ME TORONTO , Sept. 10, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce a non-...
Got this from MPUCF - Moneta announces increase in Eric Sprott stake to 9.0%
Moneta announces increase in Eric Sprott stake to 9.0%
home / news releases / Moneta announces increase in Eric Sprott stake to 9.0%
September, 10 2019 08:00 AM | Canada Newswire |
Canada NewsWire
TORONTO, Sept. 10, 2019
Symbol: TSX: ME
TORONTO, Sept. 10, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce a non-brokered private placement financing with Eric Sprott (the "Placement") of (a) 4,545,455 common shares (the "Shares") at a price of $0.11 per share and (b) 15,625,000 common shares at a price of $0.16 per share, issued on a flow-through basis (the "Flow Through Shares"), for an aggregate amount of $3,000,000 and 20,170,455 shares. The placement will increase Mr. Sprott's shareholding to 27,870,455 shares, equivalent to 9.0% of the total shares outstanding.
The proceeds of the Flow Through Shares will be used to incur Canadian exploration expenditures that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's Golden Highway project, which will be renounced to the subscribers with an effective date no later than December 31, 2019, in the aggregate amount of not less than the gross proceeds raised for the Flow Through Shares portion of this Placement. A total of one hundred and thirty three thousand dollars was paid in cash finder's fees. Closing of the Placement is expected to close shortly. The Placement is subject to a standard four month hold period and final regulatory approval.
About Moneta
The Company holds a 100% interest in 6 core gold projects strategically located along the Destor-Porcupine Fault Zone ("DPFZ") in the Timmins Gold Camp with over 85 million ounces of past gold production. The projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, DeSantis East, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ground along the DPFZ of which 4 km hosts the current NI 43-101 mineral resource estimate comprised of an indicated resource of 383,400 ounces gold contained within 2.59 Mt @ 4.61 g/t Au and a total of 873,200 ounces gold contained within 6.46 Mt @ 4.21 g/t Au in the inferred category at a 3.00 g/t Au cut-off.
The Company's public documents may be accessed at www.sedar.com. For further information on the Company, please visit our website at www.monetaporcupine.com or email us at info@monetaporcupine.com.
This news release includes certain forward-looking information and forward-looking statements, collectively "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements include, but are not limited to information with respect to the future performance of the business, its operations and financial performance and condition such as the Company's drilling program and the timing and results thereof; and the ability of the Company to finance and carry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.
SOURCE Moneta Porcupine Mines Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/10/c9088.html
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C. Peres, President and CFO, 416-579-3040Copyright CNW Group 2019
https://marketwirenews.com/news-releases/moneta-announces-increase-in-eric-sprott-stake-to-9--8625789389388808.html
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Moneta identifies multiple new mineralized zones on the Golden Highway Project
https://ih.advfn.com/stock-market/TSX/ME/stock-news/78825803/moneta-identifies-multiple-new-mineralized-zones-o
Moneta Porcupine J (ME)
0.13 ? 0.01 (8.33% {-))
Volume: 3,000 @ 9:38:04 AM EST ET
Bid Ask Day's Range
0.12 0.13 0.13 - 0.13
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Merry Christmas
China to Adopt Gold Standard? | Alasdair MacLeod
) 
When all new drilling results be added up to a new geo. study it will be
great to fig. the size of large new open Au pit mine -
what a great Au-bargain;
Moneta intercepts 7.90 m @ 8.09 g/t gold including 0.95 m @ 34.40 g/t
gold at Windjammer South and 54.00 m @ 1.04 g/t gold in...
PR Newswire
(Canada) - 10/24/2018 9:01:00 AM
Moneta Intercepts 5.30 m @ 7.63 g/t Gold Including 0.80 m @ 22.40 g/t
Gold and 7.13 m @ 5.06 g/t Gold Including 1.98 m @ 12.4...
PR Newswire (Canada) - 10/10/2018 9:17:00 AM
Moneta Intercepts 1.75 M @ 7.04 g/t Gold Including 0.85 M @ 12.15 g/t Gold
and Intersects New Veins at the "55" Deposit PR Newswire (Canada) -
9/18/2018 8:56:00 AM
Moneta Intercepts 25.00 M @ 2.48 G/T Gold Including 4.50 M @ 5.00 G/T
Gold at South West PR Newswire (Canada) - 9/13/2018 9:57:00 AM
Moneta Intercepts 25.00 M @ 2.48 G/T Gold Including 4.50 M @ 5.00 G/T
Gold at South West PR Newswire (Canada) -
9/13/2018 8:46:00 AM
Moneta Intercepts 47.00 m @ 2.08 g/t Gold Including 23.87 m @ 2.48 G/t
Gold in a new Mineralized Shoot at South West PR Newswire (Canada) -
7/19/2018 10:00:00 AM
Moneta Intercepts 1.93 m @ 34.36 g/t Gold, 3.00 m @ 5.38 g/t Gold, and
3.00 m @ 5.73 g/t Gold At South West PR Newswire (Canada) -
6/21/2018 9:14:00 AM
Moneta Announces Closing of Financing PR Newswire (Canada) - 6/19/2018 8:46:00 AM
Moneta Reports Voting Results From Annual Meeting PR Newswire (Canada) -
6/8/2018 9:20:00 AM
Moneta Intercepts 9.50 m @ 7.52 g/t Gold, 3.00 m @ 3.60 g/t Gold, and
1.00 m @ 5.78 g/t Gold at Windjammer North PR Newswire (Canada) -
6/5/2018 9:01:00 AM
Moneta Intercepts 0.70 m @ 30.20 g/t Gold, 0.76 m @ 26.60 g/t Gold, and
2.40 m @ 10.06 g/t Gold at South West PR Newswire (Canada) -
5/24/2018 9:13:00 AM
Moneta re-organizes management structure PR Newswire (Canada) -
5/24/2018 9:00:00 AM
Moneta Intercepts 2.33 m @ 10.21 g/t Gold, 5.50 m @ 4.65g/t Gold and
1.00 m @ 15.10 g/t Gold at the South West Deposit PR Newswire (Canada) - 4/11/2018 8:32:00 AM
Moneta Intercepts 4.20 m @ 41.08 g/t Gold Including 0.90 m @ 141.50 g/t
Gold at the South West Deposit PR Newswire (Canada) -
3/1/2018 9:12:00 AM
Moneta intersects 3.00m @ 4.16 g/t Gold including 1.00m @ 10.30 g/t Gold
at the Discovery Deposit PR Newswire (Canada) -
2/27/2018 9:11:00 AM
Moneta intersects 1.63m @ 1,078.43 g/t Gold and 4.01m @ 38.33g/t Gold at
the South West Deposit PR Newswire (Canada) -
2/8/2018 9:11:00 AM
Moneta intersects all veins in new South West interpretation, returns up
to 3.0m @ 7.13g/t Gold and 3.0m @ 7.01g/t Gold PR Newswire (Canada) -
1/18/2018 9:56:00 AM
Moneta drilling returns up 14.88m @ 3.35g/t Gold and 3.0m @ 5.24g/t Gold
at Discovery Area PR Newswire (Canada) -
1/16/2018 3:01:00 PM
The creation of a validated structural geospatial workflow using oriented drill core
NOVEMBER 9, 2018
SHARE:
by Francine Long, P. GEO, Senior Geologist at Nordmin Engineering Ltd.
The importance of using structural data in every discipline within
geology cannot be overemphasized.
Dedicated geologists spend enormous amounts of time collecting critical
structural data.
This same dedication should be used to validate and plot the data into
products for use as tools to make sound geological decisions,
interpretations, and validation of structure, lithological, and
resource models.
Insufficient oriented-core structural datasets being collected on
various project sites or access to this data is a significant issue
that could delay the development of spatial workflows.
I had the good fortune to work with Moneta Porcupine whose team had
been collecting orientated drill core over a period of years with the
intent to use the data to make sound geological decisions.
This case study focuses on the methodology I used with Moneta Porcupine
to create a ‘Validated Structural Geospatial Workflow’ and the
geological aids and products which came out of these collaborative
efforts.
https://coringmagazine.com/article/creation-validated-structural-geospatial-workflow-using-oriented-drill-core/
Moneta Porcupine Mines Inc (TSX:ME) Great recent NEWS on drilling result - thank you MIKE2005 good info )
http://www.monetaporcupine.com/i/pdf/2018-10-24_NR.pdf
Moneta Porcupine Mines Inc (TSX:ME) Corporate Presentation March 2018 -
http://www.monetaporcupine.com/s/Presentation.asp
http://www.monetaporcupine.com/i/pdf/ME-PDAC-Mar-2018.pdf
News - News Releases -
Media: Moneta in the News -
http://www.monetaporcupine.com/s/NewsReleases.asp?DateRange=ThisYear
http://www.monetaporcupine.com/s/Home.asp
God Bless America
The creation of a validated structural geospatial workflow using oriented drill core
NOVEMBER 9, 2018
SHARE:
by Francine Long, P. GEO, Senior Geologist at Nordmin Engineering Ltd.
The importance of using structural data in every discipline within
geology cannot be overemphasized.
Dedicated geologists spend enormous amounts of time collecting critical
structural data.
This same dedication should be used to validate and plot the data into
products for use as tools to make sound geological decisions,
interpretations, and validation of structure, lithological, and
resource models.
Insufficient oriented-core structural datasets being collected on
various project sites or access to this data is a significant issue
that could delay the development of spatial workflows.
I had the good fortune to work with Moneta Porcupine whose team had
been collecting orientated drill core over a period of years with the
intent to use the data to make sound geological decisions.
This case study focuses on the methodology I used with Moneta Porcupine
to create a ‘Validated Structural Geospatial Workflow’ and the
geological aids and products which came out of these collaborative
efforts.
https://coringmagazine.com/article/creation-validated-structural-geospatial-workflow-using-oriented-drill-core/
Moneta Porcupine Mines Inc (TSX:ME) Great recent NEWS on drilling result - thank you MIKE2005 good info )
http://www.monetaporcupine.com/i/pdf/2018-10-24_NR.pdf
Moneta Porcupine Mines Inc (TSX:ME) Corporate Presentation March 2018 -
http://www.monetaporcupine.com/s/Presentation.asp
http://www.monetaporcupine.com/i/pdf/ME-PDAC-Mar-2018.pdf
News - News Releases -
Media: Moneta in the News -
http://www.monetaporcupine.com/s/NewsReleases.asp?DateRange=ThisYear
http://www.monetaporcupine.com/s/Home.asp
God Bless
valueinvestorconso welcome to Moneta Porcupine Mines Inc (TSX:ME *~<))
We are getting a huge update from the company tomorrow or Thursday
per my source.
It is just the start to more news - updates over the next few weeks.
Congrats longs....we are going to finally be rewarded here
in the next few weeks. And in a big big way.
Mark this post -
thanks for good info -
following mark #4 to you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127268781
Merry Christmas to all -
God Bless -
bigone thanks; Fully funded for drilling 2017...40k metres -
Seems like the corporate presentation on the website gets updated monthly, for a long time this was not the case.
Not much to update but at least the company looks alive and moving forward....115 metres at 2grams per is the area I look forward to
for more drill results...discovery zone!
Read more at
http://www.stockhouse.com/companies/bullboard?symbol=t.me&postid=25551976#g40dGtmVDhYtY6cx.99
RE:RE:RE:Canadian Insdier
I have been of the mindset that the Fenn Gibb deposit would work well
with Moneta.
The scale of the combined open pits with the low grade suggests
there could be a large Detour Gold like deposit.
Not sure if Tahoe is interested or perhaps some one else.
Be nice to see some good drill results
to create some interest that's for sure.
Read more at
http://www.stockhouse.com/companies/bullboard?symbol=t.me&postid=25530496#w3gI91ozw91OZM4X.99
MONETA ANNOUNCES 40,000M DRILL PROGRAM ON GOLDEN HIGHWAY -
Toronto, Ontario – September 29, 2016 –
Moneta Porcupine Mines Inc. (TSX:ME)
(“Moneta” or the “Company”)
announces the start of its fully-funded exploration and drilling
program on its 100% owned Golden Highway
Project, east of Timmins, Ontario.
http://www.monetaporcupine.com/i/pdf/2016-09-29_NR.pdf
The 2016/2017 exploration program at Golden Highway
primarily consists of drilling several priority target areas
along 8km of Destor Porcupine Fault Zone corridor (“Destor”)
adjacent to the Golden Highway NI 43-101 gold
resource estimate.
The target areas are located primarily along splays within the
volcanics and associated syenitic intrusives of
the Destor corridor and were generated by modelling and
correlation of key data including airborne
and ground magnetics, induced polarization,
assay results from past drilling, and
review of historical drill core and
known geology.
Limited historical drilling along the 8km Destor corridor yielded
notable results such as
14.19g/t over 4.3m in Landing Zone,
2.63g/t over 27.8m in Twin Creeks, and
9.19g/t over 8.5m in LC Zone.
More recently the Discovery Zone (2014) returned
2.02g/t over 114.5m in
the first drilling data gaps that was tested,
prior to suspension of drilling given market conditions.
A re-logging and sampling program of unsampled historical core,
available at the Company’s core farm, is now underway.
Two drills are currently being mobilized at Golden Highway
with a third to follow on or around January 2017.
Drilling will focus on targets in close proximity to
the existing NI 43-101 gold resource.
The Company expects that
the discovery and delineation of additional gold mineralization
outside of the NI 43-101 conceptual pit, could
have a favourable impact on the overall project economics and
initial capital expenditure requirements.
The scientific and technical disclosure within this document
has been reviewed and approved by
Rainer Skeries, PGeo, an independent Qualified Person as defined
in National Instrument 43-101.
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 over 85 million ounces of past gold production.
http://www.monetaporcupine.com/s/Presentation.asp
The Golden Highway
Project covers 12 kilometres of a highly prospective
volcanic/sedimentary belt along the Destor Porcupine Fault
Zone and currently hosts a NI 43-101 resource estimate of
1,091,000 ounces indicated (31.1 Mt at 1.09 g/t Au)
plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au),
clustered within four kilometres.
http://www.monetaporcupine.com/i/pdf/factsheet.pdf
FOR FURTHER INFORMATION, PLEASE CONTACT:
Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com
The Company’s public documents may be accessed at
www.sedar.com. For further information on the Company,
please visit our website at
http://www.monetaporcupine.com or
email us at info@monetaporcupine.com
ONE OF THE LAST QUALITY GOLD JUNIORS TO COME OUT OF BEAR MARKET HIBERNATION: MONETA PORCUPINE -
Posted on: Sep 04, 2016
http://www.criticalinvestor.eu/analysis/gold/one-last-quality-gold-juniors-come-out-bear-market-hibernation-moneta-porcupine
Tagged: ME.TO, Extensive Analysis, Moneta Porcupine, Gold, Developer, Ontario
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
ONE OF THE LAST QUALITY GOLD JUNIORS TO COME OUT OF BEAR MARKET HIBERNATION: MONETA PORCUPINE -
Posted on: Sep 04, 2016
http://www.criticalinvestor.eu/analysis/gold/one-last-quality-gold-juniors-come-out-bear-market-hibernation-moneta-porcupine
Tagged: ME.TO, Extensive Analysis, Moneta Porcupine, Gold, Developer, Ontario
- God Bless -
bigone thank you, well there is no place for the gold bull to hide.
It took gold approximately 7 months to advance $250 and
overcome major resistance at $1,300/oz from a bottom of $1,050.
A reasonable target could be $1,550/oz ($1,300 + $250) –
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124340466
Chinas plan to shock the world...
http://r.search.yahoo.com/_ylt=A86.J5EzFpVXKGEARRInnIlQ;_ylu=X3oDMTByb2lvbXVuBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDBHNlYwNzcg--/RV=2/RE=1469417140/RO=10/RU=http%3a%2f%2fkingworldnews.com%2fchinas-plan-b-is-about-to-shock-the-world-and-the-gold-market%2f/RK=0/RS=60oW33yWY2qu.FbxadaHTHwg360-
Negative Rates to Take Gold to Heights Never Before Seen in History of Mankind (VIDEO) -
by Don Coxe:-
) bigone thank you - Black Swans, Yellow Gold -
ex.
How gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation -
by Michael J. Kosares
http://www.usagold.com/publications/blackswansyellowgold.html
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124340466
Negative Rates to Take Gold to Heights Never Before Seen in History of Mankind (VIDEO) -
by Don Coxe:-
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