Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Moneta Porcupine Exhibiting at Booth 731, Vancouver Resource Investment Conference, Jan 19-20, 2020
2 days ago from Newsfile
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) -
Moneta Porcupine (TSX: ME) would like to cordially invite you to visit
us at Booth #731 at the Vancouver Resource Investment Conference (VRIC)
to be held at the Vancouver Convention Centre West (1055 Canada Place,
Vancouver) on Sunday January 19 – Monday January 20, 2020.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.
We look forward to seeing you there.
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.
For further information:
Moneta Porcupine
Gary O'Connor
416-357-3319/705-264-2296
goconnor@monetaporcupine.com
http://www.monetaporcupine.com
January 14, 2020 - 7:15 AM PST
Metals & Mining | Industrial Metals & Minerals | Moneta Porcupine Mines Inc.
1
Moneta Reports Improved Metallurgical Gold Recoveries
2 days ago from Canada NewsWire
Canada NewsWire
TORONTO, Jan. 14, 2020
TSX: ME
TORONTO, Jan. 14, 2020 /CNW/ -
Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results of gold recovery test work conducted on drill core samples from the South West deposit, Golden Highway Project, located 110 km east of Timmins, Ontario, (see Figure 1).
Moneta Porcupine Mines Inc. (CNW Group/Moneta Porcupine Mines Inc.)
Highlights:
Metallurgical gold recovery test work showed increased gold recoveries from drill core from the South West deposit included in the November 2019 Mineral Resource Estimate:
Gold recoveries (gravity and leach) increased to 93.9% at a standard grind size
Gold recoveries (gravity and leach) increased to 95.5% at a finer grind size
Gravity recovery of gold averaged 50.6%
Whole ore leach gold recoveries increased to 93.4% recovery
Combination of higher head grade and gravity recovery increased
recoveries by 1.4% for standard grind and 2.0% for finer grind size
Optimal recoveries at low CN concentrations (0.5 g/L) with low reagent
consumptions
Gary O'Connor, CEO & Chief Geologist commented, "We are pleased that the latest metallurgical gold recovery test-work has resulted in higher gold recoveries with no deleterious elements present. The test work indicated gold recoveries of up to 93.9% with 50.6% being recovery by gravity, with standard grind sizes at an estimated head grade of 4.65 g/t Au, and up to 95.5% at finer grind sizes."
The metallurgical gold recovery test-work was conducted to assess the
potential gold recoveries and optimum process flow sheet required to
develop the project at a head grade reflective of the latest mineral
resource estimate on the South West Deposit (Press release issued
November 26, 2019).
The test work was conducted on a composite sample collected from 36.20 m
of quarter core sampled from 2018 and 2019 drill holes completed on the
South West deposit (including the Gap Zone).
The sample weighed 33.47 kg with an estimated grade of 4.65 g/t Au
based on core assays, selected to be spatially and geologically
representative of the deposit.
Metallurgical test work was undertaken by SGS Canada Minerals Lakefield
at the SGS Lakefield Laboratory, Ontario.
Table 1: Total (Gravity and Leach) Gold Recoveries
Sample
Grind Size
Gravity Rec-y
CN Conc
Leach Tail
Leach Rec-y
Head Grade
Recovery*
(#)
(P80, µm)
(%)
(g/L)
(g/t Au)
(%)
(g/t Au)
(%)
CN-1
79
50.6%
0.50
0.26
88.8
4.58
94.3
CN-2
79
50.6%
0.50
0.26
88.0
4.27
93.9
CN-2R
79
50.6%
0.50
0.28
89.0
4.33
93.5
Average
79
50.6%
0.50
0.27
88.6
4.39
93.9
* Normalized Overall Au Recovery = Normalized Overall Au Extraction/100 * (100 - gravity recovery) + gravity recovery
Discussion of South West Gold Metallurgical Test Work Recovery Results
The metallurgical test-work showed that total gold recovery averaging 93.9% was achievable at a 79 micron grind size, with 50.6% of the gold recovered by gravity at a head grade reflective of the updated mineral resource (Table 1). Finer grinding to 59 micron resulted in an average total gold recovery of 95.5% with 50.6% recovered by gravity (Table 2). Whole ore leaching returned recoveries of 93.4%, (Table 3). Optimum recoveries were achieved after 24 hours leaching after gravity recovery, at a CN concentration of 0.5 g/L, with average laboratory test-work consumption of 1.1 kg/t CN and 1.1 kg/t lime. Lower CN concentration levels and oxygen addition indicated lower overall recoveries (Table 4).
The test work also confirmed that the composite and process tails contained no elevated levels of deleterious elements. Previous test work, also conducted by SGS Canada on composite samples with an average head grade of 0.86 g/t Au without gravity recovery, showed an average total recovery of 92.5% at the standard grind size and 93.5% on the finer grind under similar laboratory conditions. The combination of a higher head grade and use of gravity recovery has resulted in higher gold recoveries. Finer grinding also increases the overall gold recovery.
Table 2: Total (Gravity and Leach) Gold Recoveries: Fine Grind
Sample
Grind Size
Gravity Rec-y
CN Conc.
Leach Tail
Leach Rec-y
Head Grade
Recovery*
(#)
(P80, µm)
(%)
(g/L)
(g/t Au)
(%)
(g/t Au)
(%)
CN-3
59
50.6%
0.50
0.21
91.0
4.49
95.6
CN-3R
59
50.6%
0.50
0.21
91.0
4.37
95.4
Average
59
50.6%
0.50
0.14
91.0
4.43
95.5
* Normalized Overall Au Recovery = Normalized Overall Au Extraction/100 * (100 - gravity recovery) + gravity recovery
Table 3: Whole Ore Leach Gold Recoveries
Sample
Grind Size
Gravity Rec-y
CN Conc
Leach Tail
Leach Rec-y
Head Grade
Recovery*
(#)
(P80, µm)
(%)
(g/L)
(g/t Au)
(%)
(g/t Au)
(%)
CN-7
77
NA
0.50
0.30
93.4
4.40
93.4
Table 4: Total (Gravity and Leach) Gold Recoveries; Various Grind Sizes
Sample
Grind Size
Gravity Rec-y
CN Conc.
Leach Tail
Leach Rec-y
Head Grade
Recovery*
(#)
(P80, µm)
(%)
(g/L)
(g/t Au)
(%)
(g/t Au)
(%)
CN-5
79
50.6%
0.35
0.31
88.9
4.66
93.3
CN-6
79
50.6%
0.25
0.38
87.6
4.66
91.8
CN-7
79
50.6%
0.50**
0.36
85.1
4.70
92.2
* Normalized Overall Au Recovery = Normalized Overall Au Extraction/100 * (100 - gravity recovery) + gravity recovery
** Oxygen addition
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. SGS Canada Minerals Lakefield conducted the metallurgical test work at the SGS Lakefield, Ontario Laboratory. SGS Canada Inc. conforms to the requirements of ISO/IEC 17025 and is accredited by the Standards Council of Canada for the specific tests undertaken. 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/January2020/14/c6717.html
please contact: Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C. Peres, President and CFO, 416-579-3040Copyright CNW Group 2020
Canada Newswire
January 14, 2020 - 4:30 AM PST
Metals & Mining | Industrial Metals & Minerals | Moneta Porcupine Mines Inc.
1
Featured News Links
A Ground Up Opportunity – Curing Opioid Addiction with Ibogaine
Why This Gold Explorer Has Big Support and Bigger Results
Rockridge to Mobilize and Commence Diamond Drill Program at its Raney Gold Project in February
Junior exploration company transforms into an immediate gold producer – 33,506 oz in Q4
Golden Predator Expands Oxide Mineral Resource by +50% at Brewery Creek Gold Mine
CB2 chosen to advance application with the US FDA for study on cannabis-based topical treatments
Limited Time Pre-Market Medical Psychedelics and Cannabis Investment Opportunity
Featured Company
Fission 3.0 Corp
Fission 3.0 Corp V.FUU
"Fission 3.0 Corp is a mineral exploration company. It is engaged in acquisition and development of exploration and ...
view more »
Thank you for the update. I have forgotten about Moneta.
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.
0
Share0 Tweet0 Share0 Share0
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
ME Shares issued 291,035,027 another problem
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).
HRA Coffin just dumped coverage of ME
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 Announces Closing of Strategic Investment by Eric Sprott
9-20-19 8:00 AM EDT
| EmailArticleMoneta Announces Closing of Strategic Investment by Eric Sprott
Canada NewsWireTORONTO, Sept. 20, 2019
Symbol: TSX: ME
TORONTO, Sept. 20, 2019 /CNW/ -
Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the closing of a non-brokered private placement financing with Eric Sprott of (a) 4,545,455 common shares at a price of $0.11 per share (the "Shares") 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 total gross proceeds of $3.0 million and an aggregate total of 20,170,455 shares (the "Placement").
Moneta Porcupine Mines Inc. (CNW Group/Moneta Porcupine Mines Inc.)
The placement increases Mr. Sprott's shareholding to 27,870,455 shares, or 9.0% of the total shares outstanding.
Gary O'Connor, CEO and Chief Geologist stated "We are pleased to have the continued confidence of Eric Sprott as a strategic long-term investor in Moneta. In addition to a forthcoming resource estimate update at South West, these additional funds will allow us to expand and accelerate the drill program to test the resource expansion potential at the immediately adjacent deposits and test new zones of mineralization identified on our Golden Highway Project".
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 total amount of the gross proceeds raised from the Flow Through Shares. The Placement is subject to a standard four month hold period and final regulatory approval. Paradigm Capital acted as Moneta's financial advisor in connection with the Placement.
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 383,400 ounces gold contained within 2.59 Mt @ 4.61 g/t Au and 873,200 ounces gold contained within 6.46 Mt @ 4.21 g/t Au in the inferred category reported 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.
SOURCE Moneta Porcupine Mines Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/20/c4505.html
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
Crwe World | Moneta Intercepts 1.75 m @ 9.07 g/t Gold and 1.65 m @ 7.95 g/t Gold From Extensions at South West Deposit
https://shar.es/a0if0r
Moneta Intercepts 1.75 m @ 9.07 g/t Gold and 1.65 m @ 7.95 g/t Gold From Extensions at South West Deposit
[26-June-2019]
Symbol: TSX: ME
TORONTO, June 26, 2019 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from two diamond drill holes on the 2019 winter drill program. The holes were completed on the South West Deposit ("South West") located within 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:
Drill hole MGH19-113 intersected the extensions of the targeted Gap veins south of and at depth below the current resource at South West. MGH19-117 intersected the veins at depth below the updated resource.
MGH19-113
· Walnut Vein
Drill hole MGH19-113 intersected 3.75 metres ("m") @ 3.10 grams per tonne gold ("g/t Au") including 1.90 m @ 5.79 g/t Au including 0.90m @ 10.60 g/t Au, and 2.65 g/t Au @ 6.73 g/t Au including 1.75 m @ g/t expanding the width and grade of this vein
· Willow Vein
Drill hole MGH19-113 intersected 2.65 m @ 2.24 g/t Au, including 0.80 m @ 5.84 g/t Au extending this vein by 50 m to the south
· Sycamore Vein
Drill hole MGH19-113 intersected 1.65 m @ 7.95 g/t Au including 0.80 m @ 9.37 g/t Au extending the new Sycamore vein by 100 m to the south and 120 m to depth
MGH19-117
· Yew Vein
Drill hole MGH19-117 intersected 1.00 m @ 5.49 g/t Au and 4.00 m @ 2.17 g/t Au including 1.03 m @ 3.90 g/t Au upgrading the grade and width of this vein
· Gap-2 Vein
Drill hole MGH19-117 intersected 2.40 m @ 3.04 g/t Au including 0.70 m @ 8.04 g/t Au extending this vein 100 m to the south
· New Vein
Drill hole MGH19-117 intersected 3.00 m @ 2.57 g/t Au including 1.00 m @ 5.41 g/t Au from a new a new vein
Gary O'Connor, CEO & Chief Geologist commented, "We are encouraged by the ongoing success of the 2019 winter drill program which has continued to intersect the strike and depth extensions of the Gap series of veins at South West beyond the current resource adding up to 200 m strike length to the south and over 300 m depth extent. We are also pleased to have again intersected the depth and southern strike extensions of the new Sycamore vein. The drill program has intercepted many of the veins included in the current resource at South West upgrading the grade and width of veins and confirming the location and continuity. These intercepts will upgrade the confidence of the resource and potentially increase overall grade. The ongoing drill program is designed to continue to test the extensions of the Gap veins and the West Block area veins which were not included in the recent resource estimate update. The drill program is continuing to be successful at drilling the extensions of the resource."
The latest assay results are from the next two drill holes, MGH19-113 and MGH19-117, totalling 1,714.50 m of drilling completed at the South West deposit to test the southern and depth extensions of the Gap veins. The drill holes also infilled the eastern vein structures of the South West deposit upgrading and extending the resource and confirming vein locations, thicknesses and grade. The program has again confirmed the new vein Sycamore.
Table 1: South West: Selected Significant Drill Results
http://crweworld.com/article/news-provided-by-pr-newswire/1145668/moneta-intercepts-175-m-907-gt-gold-and-165-m-795-gt-gold-from-extensions-at-south-west-deposit
God Bless
Very interesting NYBOB. Thank you.
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
Very interesting NYBob. Thank you.
RE:RE: RE:Big volume
Thanks for the info. Looks like options have been granted to the whole
board as well.
I guess they might be entering a blackout period prior to
the RE being issued in December.
MD&A came out just over a week go on SEDAR.
There is a fair amount of drilling to be included in various parts of
the deposit.
Infill and extensions so hopefully will spark the interest of a buyer
soon.
Read more at http://www.stockhouse.com/companies/bullboard#1bEOxYjbLmBXQkv3.99
God Bless
This is very big news!
China to Adopt Gold Standard? | Alasdair MacLeod
Things are looking very good, indeed.
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
Great news! Thanks for sharing NYBob
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
Moneta Porcupine Mines Inc (TSX:ME) Great recent NEWS on drilling result -
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
Thanks for the update NYBob.
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
Good to see activity.
Moneta commences drilling Windjammer North to follow-up on historical high-grade intercepts
Toronto, Ontario – October 5, 2017 -
Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF)
(XETRA:MOP) (the “Company”) is pleased to announce that it has mobilized
a third diamond drill rig to
test new targets generated through a technical review of its gold
projects and has commenced diamond
drilling on the Windjammer North target within the Company’s
Golden Highway Project located
approximately 110km east of Timmins, Ontario (see link below).
http://www.monetaporcupine.com/i/pdf/OCT-5-2017-NR.pdf
MONETA DRILLS 2.8 G/T OVER 26.0M INCLUDING 6.2 G/T OVER 7.5M ON GOLDEN HIGHWAY PROJECT -
http://www.monetaporcupine.com/i/pdf/NR-MAY-30-2017.pdf
http://www.monetaporcupine.com/s/Home.asp
- God Bless -
MONETA DRILLS 2.8 G/T OVER 26.0M INCLUDING 6.2 G/T OVER 7.5M ON GOLDEN HIGHWAY PROJECT -
http://www.monetaporcupine.com/i/pdf/NR-MAY-30-2017.pdf
http://www.monetaporcupine.com/s/Home.asp
- God Bless -
Moneta announces new appointment to Board of Directors
T.ME |
Canada NewsWire -
TORONTO, May 18, 2017 /CNW/ -
Moneta Porcupine Mines Inc. (TSX: ME)
("Moneta") is pleased to announce the appointment of
Dr. Kevin B. Heather to the Board of Directors,
subject to standard TSX approval.
Ian C. Peres, President and CEO stated,
"The addition of Kevin to the Board of Directors will add significant
and relevant project exploration and development experience and in-
depth technical knowledge to Moneta.
We look forward to his contribution and insight on the continued
exploration of Golden Highway and our overall land package."
Dr. Heather commented, "I am excited to be joining the Moneta board to
support the advancement of their exceptional land package to the next
stage of discovery and value/wealth creation for all stakeholders.
The Moneta land package is one of the last, large land positions along
the world class Destor Porcupine structural corridor and already hosts
a significant gold resource, but it is my firm belief that there is
much more gold to be found and I look forward to contributing my
technical knowledge to discover those additional ounces."
Kevin B. Heather, B.Sc. (Hons), M.Sc., Ph.D., is an exploration geologist with 40 years of field experience in North and South America and has a demonstrated track record of delivering high-quality technical work that has led to value-wealth creation in the junior exploration sector. Dr. Heather is a Fellow, Councillor and Honorary Lecturer for the Society of Economic Geologists (SEG) and is a co-founder and Chairman of the Chilean-based charity "Fundación Mineros Contra El Cancer".
Dr. Heather was co-founder and is currently the Chief Geological Officer and Technical Committee Chairman for Regulus Resources Inc. (TSX-V: REG) and is responsible corporate oversight of the technical aspects of the company's exploration activities in addition to building a technical committee comprised of strong geological, metallurgical, and engineering professionals to advance the company's projects in Peru, Argentina and Nevada.
Dr. Heather was also a founding officer and former Vice President Geology of Antares Minerals Inc. (TSX: ANM) where he directed the geological mapping, target generation, planning, supervision, and execution of exploration programs that led to the discovery of the high-grade Haquira East deposit in Southern Peru. He was also involved in the overall development of the Haquira Cu-Mo-Au porphyry project which was sold to First Quantum Minerals in December 2010 for C$650 million.
From 1985-1992, Dr. Heather was employed as a Senior Geoscientist by the Ontario Geological Survey, where he was a team leader for various large, field-based regional- and mine-scale geological mapping programs in various Archean greenstone belts of Northern Ontario. During this time, Dr. Heather was part of a team specializing in the geology of Archean mesothermal lode-Au deposits and co-authored several publications. From 1992-1997, Dr. Heather was a Senior Geoscientist for the Geological Survey of Canada, based in Ottawa, and was responsible for a 5-year, multidisciplinary, regional geological mapping program in the mineral prolific, Archean-aged Abitibi-Swayze greenstone belt of Canada. This work formed the basis of his doctoral dissertation at University of Keele (2001). In 1997, Dr. Heather joined Barrick Gold Corporation in Chile (Barrick Chile Ltda.) as a Senior Exploration Geologist involved in exploration for high- and low-sulphidation epithermal Au deposits in the high-Andes of Chile and Argentina. From 1997-2002, Dr. Heather mapped and explored within the prolific El Indio-Tambo mineral district and the world-class Pascua-Lama Au-Ag project in central Chile.
During 2002-2003, Dr. Heather completed a district-scale, geological/structural mapping and target generation program for Anglogold at their Cerro Vanguardia low-sulphidation Au-Ag deposit in Patagonia, Argentina. This work lead to the discovery of tens of kilometres of additional Au-bearing vein structures not previously recognized or drilled.
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. 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.
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.
This news release includes certain forward-looking statements concerning the closing of the Offering, the use of proceeds of the Offering, future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. 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 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.
image: https://rt.newswire.ca/rt.gif?NewsItemId=C4467&Transmission_Id=201705180830CANADANWCANADAPR_C4467&DateId=20170518
View original content: http://www.newswire.ca/en/releases/archive/May2017/18/c4467.html
- God Bless -
Thanks NYBob. It would be nice to see ME's share price rise. The past few months have not been fun.
bigone thank you, Moneta have three drills contracted to end of 2017 -
after delays in the start of the program due to lack of drill availability
in Q4 2016.
A total of 15 drill holes have now been completed for a total of 8,008
metres within the Destor West and LC Zone target areas, including 2 holes
lost in blocky ground in Mar. 2017.
MONETA INTERSECTS GOLD IN THE HOLES OF TARGET AREAS ALONG STRIKE FROM RESOURCE -
http://www.monetaporcupine.com/s/NewsReleases.asp?DateRange=2017/01/01...2017/12/31
http://www.monetaporcupine.com/i/pdf/NR-MAR-6-2017.pdf
- God Bless -
your update is next week on drill holes
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 -
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.
Good news. Thank you NYBob.
Good news. Thank you NYBob.
Good news. Thank you NYBob.
MONETA'S GOLDEN HIGHWAY GOLD RESOURCES INCREASES TO -
Moneta's Golden Highway at 1.09 moz Au indicated
2012-10-25 08:44 ET - News Release
Mr. Ian Peres reports
MONETA'S GOLDEN HIGHWAY GOLD RESOURCES INCREASES TO 1.1 MILLION OUNCES INDICATED PLUS 3.2 MILLION OUNCES INFERRED
Moneta Porcupine Mines Inc. has released an updated National Instrument 43-101 mineral resource estimate on its 100-per-cent-owned Golden Highway project located east of Timmins, Ont.
Ian C. Peres, president and chief executive officer of Moneta, commented: "The step-out drilling undertaken in 2012 on our Golden Highway project was a tremendous success with our exploration team adding 1.2 million indicated and inferred ounces at a discovery cost under $5 per ounce. We look forward to the next stage of development including the results from the upcoming preliminary economic assessment and ongoing drilling to expand the resource."
Highlights, using $1,200 (U.S.) per ounce gold
In-pit and out-of-pit mineral resource estimate
Indicated: 1,091,000 ounces (31.1 million tonnes at 1.09 grams per tonne (g/t) gold (Au)
Inferred: 3,204,000 ounces (83.3 million tonnes at 1.20 g/t Au)
The mineral resource estimate increased by 55 per cent to 3.2 million ounces inferred from the previous resource estimate of 2.1 million ounces (Dec. 1, 2011, press release).
The original Southwest zone pit dimensions have been optimized in this resource update.
The resource remains open in all directions for further expansion.
The company also announces that a preliminary economic assessment (PEA), based on this updated resource estimate, is expected to be completed in the fourth quarter of 2012.
The associated table summarizes the National Instrument 43-101 mineral resource estimate in the indicated and inferred resource categories.
MINERAL RESOURCE ESTIMATE Indicated Inferred Mining Cut-off grade (g/t) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) In pit 0.37 30,000,000 1.01 977,000 71,627,000 0.86 1,971,000 Out of pit 2.00 1,080,000 3.29 114,000 11,684,000 3.28 1,233,000 Combined 0.37/2.00 31,080,000 1.09 1,091,000 83,311,000 1.20 3,204,000
The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards on mineral resources and reserves, definitions and guidelines.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated mineral resources will be converted into mineral reserves.
Assay composites were capped up to 35 g/t based on geostatistical support for each zone.
A modelling cut-off grade of 0.25 g/t Au was only used to create a three-dimensional wire frame for subsequent interpolation.
A block model was created with 10-by-10-by-10-metre blocks using inverse-distance-cubed-grade interpolation.
Indicated mineral resources were classified with a 35-metre search radius and a minimum of two drill holes.
A bulk density of 2.79 tonnes per cubic metre was used for all tonnage calculations.
A gold price of $1,200 (U.S.) per ounce and an exchange rate of $1 (U.S.) per $1 was utilized in the Au cut-off grade calculations of 0.37 g/t for open pit and two g/t for out of pit.
Open-pit mining costs were assumed at $1.60 per tonne for mineralized material, $1.60 per tonne for waste rock and $1.25 per tonne for overburden, while out-of-pit mining costs were assumed at $59 per tonne, with process costs of $11 per tonne, G&A (general and administrative expenses) of $2 per tonne, and a 93-per-cent metallurgical recovery.
Varying cut-off grade sensitivity for in-pit and out-of-pit gold resources is shown in the associated table.
IN-PIT RESOURCE CUT-OFF SENSITIVITY Cut-off grade (g/t) Indicated Inferred Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) 0.80 12,708,000 1.65 673,000 26,853,000 1.37 1,185,000 0.60 18,518,000 1.35 802,000 41,724,000 1.13 1,516,000 0.50 22,672,000 1.20 875,000 52,702,000 1.01 1,708,000 0.40 28,144,000 1.05 954,000 66,689,000 0.89 1,910,000 0.37 30,000,000 1.01 977,000 71,627,000 0.86 1,971,000 0.35 31,160,000 0.99 990,000 74,954,000 0.83 2,010,000 0.30 34,853,000 0.92 1,029,000 84,038,000 0.78 2,105,000 OUT-OF-PIT RESOURCE CUT-OFF SENSITIVITY Cut-off grade (g/t) Indicated Inferred Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) 2.50 670,000 3.94 85,000 7,401,000 3.89 925,000 2.20 880,000 3.56 101,000 9,805,000 3.51 1,106,000 2.00 1,080,000 3.29 114,000 11,684,000 3.28 1,233,000 1.80 1,277,000 3.07 126,000 13,889,000 3.06 1,367,000 1.50 1,789,000 2.67 153,000 18,801,000 2.69 1,626,000
In addition to the Southwest zone, Windjammer South and 55 zones, the current resource estimate now includes the Gap zone, Windjammer Central and Windjammer North.
There has been 21,000 metres of drilling completed since the previous
resource estimate and 19,375 metres of historic drilling on these
three new gold zones.
The Golden Highway project includes Timiskaming sediments along banded iron formation with associated mafic to ultramafic volcanics that define 12 kilometres of the Destor Porcupine fault zone in Michaud township near Timmins, Ont. Gold mineralization occurs in quartz and quartz-carbonate stockworks and discrete vein zones, all with variable ankerite, hematite and sericite alteration.
The mineral resource estimates were prepared by Eugene Puritch, PEng, Antoine Yassa, PGeo, and Yungang Wu, PGeo, of P&E Mining Consultants Inc. of Brampton, Ont., independent qualified persons (QP), as defined by National Instrument 43-101. Mr. Puritch has reviewed and approved the contents of this news release.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aME-2006562&symbol=ME®ion=C
- God Bless -
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.me&postid=25614983#xC8m0h0sgSDIGSao.99
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127069938
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
That is great. Thanks for sharing.
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 -
Thank you. I hope that this is enough to kick it into high gear in the coming months.
nice 7m financing deal!!!
Market News & Research Alert
News for ME
Alert Sent 2016-08-16 04:47:50 PM ET
Delivery preference: Immediate delivery
BRIEF-Moneta Porcupine Mines announces C$7.0 million bought deal private placement
2016-08-16 04:41:00 PM ET (Reuters)
Aug 16 (Reuters) - Moneta Porcupine Mines Inc
* Moneta Porcupine Mines Inc. announces C$7.0 million bought deal private placement
* Says underwriters agreed to purchase 15.2 million flow-through units at a price of $0.395 per FT unit
* Says underwriters to purchase 3.3 million units at a price of C$0.30 per unit
* Net proceeds from sale of units will be used to fund exploration and development of co's mineral properties, among others Source text for Eikon: Further company coverage:
Hope that you are right NYBob.
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:-
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
541
|
Created
|
04/01/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |