STLLR Gold Inc (ME)

[NYBob]

MONETA TO ACQUIRE GARRISON PROJECT FROM O3 MINING TO CREATE A
LEADING CANADIAN GOLD DEVELOPMENT COMPANY WITH 4.0M OZ GOLD
INDICATED AND 4.4M OZ GOLD INFERRED

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES

Toronto, Ontario – January 14, 2021 -

Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF)
(XETRA:MOP) (“Moneta” or the “Company”) is pleased to announce that the Company has entered into
a definitive share purchase agreement (the "Purchase Agreement") with O3 Mining Inc. (TSX.V:OIII;
OTCQX:OQMGF) ("O3 Mining") pursuant to which Moneta will acquire all of the issued and outstanding
shares of Northern Gold Mining Inc., a wholly-owned subsidiary of O3 Mining, which owns 100% of the
Golden Bear assets, including the Garrison Gold project ("Garrison") located adjacent to and contiguous
with Moneta’s Golden Highway project in the Timmins Gold Camp (the "Transaction").

https://www.monetaporcupine.com/press-releases-2021/

https://www.monetaporcupine.com/uploads/ME-PR-01-2021.pdf

https://stockhouse.com/news/press-releases/2021/01/14/moneta-to-acquire-garrison-project-from-o3-mining-to-create-a-leading-canadian

Under the terms of the Purchase Agreement, O3 Mining shall receive approximately 150 million common
shares of Moneta ("Moneta Shares"). Upon completion of the Transaction, and prior to the financing
described below, O3 Mining is expected to own approximately 30% of the outstanding Moneta shares.
Concurrent with the Transaction, Moneta will raise approximately $20 million in equity.
Transaction Highlights:
• Creation of a leading gold exploration and development company with 3,967,000 ounces (oz)
gold (Au) in the indicated category and 4,399,000 oz Au in the inferred category located in the
prolific Timmins Gold Camp
o 3,335,000 oz Au open pit indicated gold resources and 2,270,000 oz Au open pit inferred
gold resources
o 632,000 oz Au underground indicated gold resources and 2,129,000 oz Au underground
inferred gold resources
• Addition of 1,822,000 oz Au in the indicated category and 1,062,000 oz Au in the inferred
category to Moneta's mineral inventory immediately adjacent to the Golden Highway project
• Substantial development and operating synergies through an integrated project
o Potential for a much larger scale project than originally envisioned for the Preliminary
Economic Assessment (“PEA”) on the South West deposit announced in September
2020
o Potential starter pit at Garrison with outcropping gold resources at higher grades and a
lower strip ratio to augment the development of Moneta’s open pit resources
• Addition of 9,269 hectares (ha) (92.69 square kilometres (sq.km)) of adjacent and contiguous
prospective ground to Moneta’s claim base in the Timmins Gold Camp
• Concurrent $20 million equity financing to fund an aggressive drill campaign
• Enhanced capital markets profile and exposure
• Platform for further district consolidation
2
Gary O’Connor, CEO of Moneta, commented; “The acquisition of the Golden Bear assets will transform
Moneta into one of the largest gold development companies in North America with a significant resource
and land holding in Canada’s most prolific gold mining camp. The Golden Bear assets, including the
Garrison Gold deposits, are adjacent to our flagship Golden Highway project and provide significant
synergies and multiple options for the development of our gold resources. Moneta will hold 3,967,000
ounces of indicated gold resources and 4,339,000 million ounces of inferred gold resources including both
high-grade bulk tonnage underground deposits and near surface open pit resources. With completion of
the proposed equity financing, the Company will be well funded to test the expansion potential of the
integrated project. The Transaction provides a good endorsement of our project and adds a highly
successful project development company as a partner”.
José Vizquerra, President and CEO of O3 Mining, commented: "O3 Mining is pleased to unlock value for
our shareholders through our investment in, and support of, Moneta, and the possible future development
of a large and long-life gold project in Timmins, Ontario – one of Canada's most productive gold camps.
The consolidation of these two historically fractioned mining camps will allow for a more systematic
exploration strategy going forward, and unlock value for ourshareholders and other Moneta shareholders
alike as the project develops. We look forward to partnering with Moneta's management team, through
our board representation, and being part of Moneta's growth story in the Timmins Mining Camp, in our
role as a significant shareholder".
Benefits to Shareholders
The Transaction is expected to result in the following benefits for our shareholders:
• One of the largest undeveloped gold mining projects in North America
• Potential for a much larger scale project than originally envisioned in the PEA studies recently
completed on the Golden Highway and Garrison gold projects (The “Tower Gold Project”) with
substantial economic benefits to be realized from operational and development synergies
• Land position increased by 73% for resource expansion in the prolific Timmins Gold Camp
• Potential starter pit at Garrison containing 1,070,000 oz Au at a grade of 1.04 g/t Au at a low strip
ratio (2.7:1) and a cash production cost of US$721/oz of Au with outcropping gold mineralization
to augment the development of Moneta’s open pit resources
• Significant increase of gold resources in the indicated category
• Combined exploration agreements and consolidation of good working relations with the
Wahgoshig First Nation
• Continued resource expansion potential and opportunities
Transaction Details
The Transaction is subject to approval by a simple majority of the votes cast by Moneta shareholders, TSX
approval and other closing conditions customary in transactions of this nature.
The Purchase Agreement includes, among other things, mutual non-solicitation provisions, a customary
“fiduciary out” provision of Moneta and a right for O3 Mining to match superior proposals and a $1.42
million termination fee payable by Moneta to O3 Mining under certain circumstances.
Concurrent with closing of the Transaction, Moneta and O3 Mining will enter into an investor rights
agreement (the "Investor Rights Agreement") pursuant to which the Moneta board of directors shall be
reconstituted to consist of eight individuals with O3 Mining entitled to nominate two directors and one
newly appointed independent director to be agreed upon by the parties. Additionally, (i) for so long as O3
3
Mining holds greater than 25% of the issued and outstanding Moneta Shares, O3 Mining shall have the
right to nominate two nominees for election as directors of Moneta; and (ii) for so long as O3 Mining holds
greater than 10% of the issued and outstanding Moneta Shares, O3 Mining shall have the right to
nominate one nominee for election as a director of Moneta and one nominee to the Technical Committee
of the Moneta board of directors to be established following the closing of the Transaction. The Investor
Rights Agreement includes, among other things, pre-emptive and top-up rights in favour of O3 Mining, a
standstill provision for a period of 2 years and a share transfer restriction provision effective until
December 31, 2022.
Moneta appointed a special committee of independent directors to consider and make a
recommendation with respect to the Transaction. Based in part on the unanimous recommendation of
the special committee of Moneta, the Purchase Agreement has been unanimously approved by the board
of directors of Moneta. The Purchase Agreement has also been unanimously approved by the board of
directors of O3 Mining. The Moneta board of directors recommends that shareholders vote in favor of the
Transaction.
Maxit Capital LP has provided a fairness opinion to the board of directors of Moneta. The fairness opinion
stated that, as of the date thereof and, based upon and subject to the assumptions, limitations and
qualifications stated in such opinion, the consideration received under the Purchase Agreement is fair,
from a financial point of view, to the Moneta shareholders.
Directors of Moneta holding an aggregate of 16.49% of the outstanding shares have entered into
customary voting and support agreements with O3 Mining to vote in favour of the Transaction, subject to
certain exceptions.
Moneta also intends to consolidate its share capital on a 6 for 1 basis (the “Consolidation”), subject to the
receipt of all necessary approvals, following the closing of the Transaction. The Consolidation Resolution
requires approval by not less than two-thirds (66 2/3%) of the votes cast by the Moneta shareholders
present in person, or represented by proxy, at Moneta shareholder meeting.
Full details of the Transaction and other business of the Moneta shareholder meeting will be included in
a Moneta management information circular that is expected to be mailed to Moneta shareholders in
February 2021. It is anticipated that the Moneta shareholder meeting and the closing of the Transaction
will take place in the second quarter of 2021.
Moneta Financing
The Company has entered into an agreement with Paradigm Capital Inc. ("Paradigm") and Dundee
Goodman Merchant Partners (“Dundee”) on behalf of a syndicate of underwriters (together with
Paradigm and Dundee, the “Underwriters”), in connection with a “bought deal” private placement
offering (the "Bought Deal Offering") for aggregate gross proceeds of approximately C$17,000,000. The
Bought Deal Offering will consist of 30,435,000 common shares of the Company that qualify as “flowthrough shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “Flow
Through Shares”) at a price of C$0.46 per Flow Through Share and 9,375,000 common shares (“Hard
Dollar Shares”) at a price of C$0.32 per Hard Dollar Share.
In addition, the Company has granted the Underwriters an option to purchase that number of additional
Flow Through Shares and/or Hard Dollar Shares on the terms described above for additional aggregate
gross proceeds of up to approximately C$2,550,000, exercisable up to 48 hours prior to the closing of the
Bought Deal Offering.
4
Concurrent with the Bought Deal Offering, Moneta is also undertaking a non-brokered private placement
(together with the Bought Deal Offering, the “Offerings”) of subscription receipts (the “Subscription
Receipts”) at a price of C$0.32 per Subscription Receipt for gross proceeds of up to C$3,000,000. The
proceeds from the sale of the Subscription Receipts are expected to be deposited into escrow pending
satisfaction of certain escrow release conditions, including closing of the Transaction. At the time the
Transaction closes, each Subscription Receipt will be exchanged for one common share of the Company.
The Company will use an amount equal to the gross proceeds received by the Company from the sale of
the Flow Through Shares, pursuant to the provisions in the Income Tax Act (Canada), to incur or be
deemed to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining
expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures")
on future and current properties of the Company or a subsidiary thereof on or before December 31, 2022,
and to renounce all the Qualifying Expenditures in favour of the subscribers of the Flow Through Shares
effective on or before December 31, 2021. The proceeds from the sale of the Hard Dollar Shares and
Subscription Receipts will be used for exploration and development activities on future and current
properties of the Company or a subsidiary thereof and for general corporate purposes.
The Bought Deal Offering is expected to close on or about February 4, 2021. The Offerings are subject to
certain closing conditions including the approval of the Toronto Stock Exchange. All securities issued
pursuant to the Offerings will have a hold period of four months and one day.
Completion of the Transaction is not contingent on completion of the Offerings and completion of the
Bought Deal Offering is not contingent on completion of the Transaction.
The securities have not been, and will not be, registered under the Unites States Securities Act of 1933,
as amended (the “U.S. Securities Act”), or any U.S. state security laws, and may not be offered or sold in
the Unites States without registration under the U.S. Securities Act and all applicable state securities laws
or compliance with requirements of an applicable exemption therefrom. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in the Unites States, nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
Advisors
Moneta has engaged Maxit Capital LP ("Maxit") as its financial advisor and Stikeman Elliott LLP as its legal
counsel. Maxit has provided a fairness opinion to the Board of Directors of Moneta that, subject to the
assumptions, limitations, and qualifications set out therein, the consideration paid by Moneta is fair, from
a financial point of view to Moneta. O3 Mining has engaged Sprott Capital Partners LP as its financial
advisor and Bennett Jones LLP as its legal counsel. Cassels Brock & Blackwell LLP is acting as counsel for
the Underwriters.
Webcast Details
Management will host a webcast and conference call to discuss the results of the transaction accompanied
by José Vizquerra, President and CEO of O3 Mining, on Thursday January 14th, 2021 at 11:00 am (EST).
Conference call number
Toll Free Dial-In Number: [phone]
International Dial-In Number: [phone]
Webcast Link
https://onlinexperiences.com/Launch/QReg/ShowUUID=9233F573-2D68-4C1A-9191-A13B5FABEFEF
5
A replay of the conference call will be available at 2:00 pm on the Company’s website and by calling (800)
585-8367 or [phone], Conference ID 9741619.
About the Golden Bear Assets
O3 Mining holds 9,269 ha of prospective land within the Golden Bear project located adjacent to or in
near proximity to Moneta’s Golden Highway project, 100 km east of Timmins. O3 Mining completed an
updated resource estimate and preliminary economic assessment (PEA) study on the Garrison Gold
project within the Golden Bear project in December 2020. The study highlighted a measured and indicated
open pit resource of 1,822,000 ounces contained within 66.3 Mt @ 0.86 g/t Au and an inferred open pit
resource of 1,062,000 ounces contained within 45.3 Mt @ 0.73 g/t Au at a 0.30 g/t Au cut-off. The PEA
study showed an open pit mining operation consisting of a 12-year mine life with an after-tax NPV5% of
C$321MM, IRR of 33% and a 2.3 year payback. The project envisaged open pit mining producing 121,000
oz/pa in years 1 to 8 (94,000 oz/pa LOM), at a strip ratio of 2.7:1 at a cash cost of US$721/oz using a gold
price of US$1,450/oz and an exchange rate of C US$0.75/C$.
About Moneta
Moneta’s land package in the Timmins Gold Camp covers 12,742 hectares (ha) including six gold projects
plus a joint venture with Kirkland Lake Gold Corporation (TSX: KL) covering 4,334 ha. The Company’s
flagship project, Golden Highway Gold Project is located 100 km east of Timmins and hosts a total
indicated resource of 2,145,000 ounces gold contained within 55.3 Mt @ 1.21 g/t Au and a total of
3,337,000 ounces gold contained within 49.7 Mt @ 2.09 g/t Au in the inferred category at a 2.60 g/t Au at
South West, 3.00 g/t Au cut-off for the other underground deposits and 0.30 g/t Au for the open pit
deposits. The project includes a total of 1,512,000 ounces of open pit indicated resources contained within
50.5 Mt @ 0.93 g/t Au and 1,207,000 ounces of open pit inferred resources contained within 34.0 Mt @
1.10 g/t Au. The project also includes 632,000 ounces of indicated underground resources contained
within 4.9 Mt @ 4.05 g/t Au and 2,128,000 ounces of inferred underground resources within 15.7 Mt @
4.21 g/t Au.
A PEA study was completed in September 2020 on the South West underground gold deposit, one of 6
deposits located on the Golden Highway project, and highlighted an underground bulk mining operation
consisting of an 11-year mine life with an after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year
payback, generating C$371MM LOM after-tax free cash flow. The project envisaged producing 76,000
oz/pa at a cash cost of US$590/oz at a gold price of US$1,500/oz and an exchange rate of US$0.77/C$.
The open pit resources and new underground discoveries have not yet been subjected to a preliminary
economic assessment study at Golden Highway.
6
Table 1: New Moneta; Mineral Resources
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces
(t) (g/t) (oz) (t) (g/t) (oz)
South West*
Indicated 4,530,000 4.07 592,000
Inferred 9,607,000 4.01 1,238,000
Windjammer South*
Indicated 40,582,000 0.84 1,100,000 6,000 3.90 1,000
Inferred 28,956,000 1.10 1,028,000 143,000 4.06 19,000
Westaway/West Block*
Indicated
Inferred 4,367,000 4.71 662,000
55*
Indicated 9,896,000 1.30 413,000
Inferred 5,079,000 1.10 180,000 123,000 4.65 18,000
Discovery*
Indicated 141,000 3.49 16,000
Inferred 658,000 4.00 85,000
Windjammer North*
Indicated 182,000 3.98 23,000
Inferred 813,000 4.08 107,000
Garcon**
Indicated 20,923,000 0.82 552,000
Inferred 7,056,000 0.87 197,000
903**
Indicated 27,558,000 0.84 747,000
Inferred 30,760,000 0.69 682,000
Jonpol**
Indicated 17,786,000 0.91 523,000
Inferred 7,521,000 0.76 183,000
Total Indicated 116,745,000 0.89 3,335,000 4,859,000 4.05 632,000
Total Inferred 79,372,000 0.89 2,270,000 15,711,000 4.21 2,129,000
*Micon International Ltd, December 08, 2020, **Ausenco Engineering Canada Ltd, December 14, 2020
7
Figure 1: Moneta: Timmins Gold Camp Claims
Figure 2: Moneta; Mineral Resource Location Map
Qualified Persons
The scientific and technical information contained in this news release relating to Moneta has been
approved by Mr. Kevin Montgomery, P.Geo, who is a qualified person within the meaning of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The scientific and technical information contained in this news release relating to O3 Mining has been
approved by Mr. Louis Gariepy, Eng. (OIQ #107538), VP Exploration, who is a qualified person within the
meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
8
For additional information, including with respect to the key assumptions, parameters and methods used
in respect of the resource estimate for Moneta’s Golden Highway Project, refer to the technical report
entitled “An Updated Mineral Resource estimate and preliminary economic assessment for the South
West Deposit at the Golden Highway Project Michaud and Garrison Townships, Black River – Matheson
Area, Northeastern Ontario”, effective September 09, 2020 and dated October 21, 2020 available on
SEDAR and press release ME PR-24-2020 dated December 10, 2020 entitled “Moneta reports NI 43-101
Golden Highway Resource Update”, both of which are available on SEDAR (www.sedar.com”) under
Moneta's issuer profile and on Moneta’s website at www.monetaporcupine.com. The NI 43-101 technical
report being prepared by Micon International Ltd for the December 10, 2020 resource update is due to
be filed on SEDAR (www.sedar.com) and Moneta’s website by January 24, 2021. Mr. B. Terrence
Hennessey, P.Geo. of Micon is the independent "qualified person" responsible for the completion of the
updated mineral resource estimation.
For additional information, including with respect to the key assumptions, parameters and methods used
in respect of the resource estimate and PEA for O3 Mining's Garrison Project in the Kirkland Lake region
in Ontario, Canada, please refer to the press release prepared by O3 Mining on December 14, 2020. A NI
43-101 technical report is being prepared by Ausenco Engineering Canada Inc., which will be filed on
SEDAR (www.sedar.com) under O3 Mining's issuer profile and on O3 Mining's website by January 28,
2021. The PEA has been prepared by Ausenco with input from the following qualified persons who are
independent of O3 Mining for purposes of NI 43-101: Tommaso Roberto Raponi, P.Eng, Process and
Infrastructure; Scott Elfen, P.E., Tailings and Water Management; Mike Petrin

[bigone]

FANTASTIC !!!!!!!

[NYBob]

Moneta Porcupine: 2020 Gold Discoveries Increased Mineral Resources by Over 300%
Date: January 12, 2021

https://content.jwplatform.com/videos/AWTgROeV-gJjLxEC2.mp4


Moneta Porcupine Mines holds a 100% interest in 6 core gold projects
strategically located along the Destor-Porcupine Fault Zone in the
Timmins Gold Camp.

In Canada’s most prolific gold mining region

Moneta Porcupine Mines holds a 100% interest in 6 core gold projects and
one joint venture strategically located along the Destor-Porcupine
Fault Zone in the Timmins Gold Camp with over 85 million ounces of past
gold production.

The main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 4 km hosts the December 2020 43-101 mineral resource
estimate comprised of an indicated resource of 2,145,000 ounces gold
contained within 55.3 Mt @ 1.21 g/t Au and a total of 3,337,000 ounces
gold contained within 49.7 Mt @ 2.09 g/t Au in the inferred category at
a 2.60 g/t Au at South West, 3.00 g/t Au cut-off for the other
underground deposits and 0.30 g/t Au for the open pit deposits.

For more information on Moneta Porcupine Mines Inc. (TSX: ME,
OTC: MPUCF) please fill out the form below.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160332680

[bigone]

Thanks for sharing.

[NYBob]

Moneta Porcupine (TSX: ME) Investor Update
Dec 18, 2020

https://www.youtube.com/watch?v=5hFdmmbe9Dc

Adelaide Capital

Moneta 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 main Golden Highway Project covers 12 km of prospective
ground along the DPFZ of which 4 km hosts the current
43-101 mineral resource estimate comprised of an indicated
resource of 2.1 million ounces gold contained within
55 Mt @ 1.21 g/t Au and a -

Total of 3.3 million ounces gold contained within
50 Mt @ 2.09 g/t Au in the inferred category at a cut-off grade
that assumes open pit and underground development.

Why We Like Moneta Porcupine:

• Resource Upside in a Safe Jurisdiction
- Growing resources and new discoveries.
- Current resource of 2.1 million ounces gold indicated,
- 3.3 million ounces inferred

• Excellent Economics:
- *PEA results on South West deposit proves a robust gold project
- at US$1,500/ounce produces
- C$236 million after-tax NPV5%.
- C$371 million after tax free cash flow over the life of mine

• Regional scale exploration potential
- Only 4 kms of 12 kms in resource estimate currently which is
- 100% owned with no royalties

• Excellent Neighbourhood
- Surrounded by major mining firms such as Pan American Silver,
- Kirkland Lake Gold, Newmont, OIII and McEwen Mining

• Management Strength
- CEO Gary O’Connor evaluated hundreds of projects for their
- economic viability and soundness for investment
- by Dundee funds for over 10 years


*Note: the PEA on South West deposit was completed prior to
the resource update of December 2020





Moneta Porcupine (TSX: ME) Investor Update
•Streamed live on Dec 15, 2020

Adelaide Capital

https://www.youtube.com/watch?v=ZgWNraQdaec


Moneta Porcupine Mines Inc (TSX:ME)

RE:RE:Price$/OZ

This stock is still excessively cheap, even after the current run.

New resources came outDecember 10th.
ME-PR-24-2020.pdf (monetaporcupine.com)

Now the stock price closed at 14 cents on Dec 9. So

$0.14 X (Shares count fully diluted) 365,400,000) = MCAP $51,156,000/(Previous resource) 2,063,500 = $23.52

So the cost was $23.52 per OZ

If we keep the current $23.52 oz number and apply it
to the new resource of 5,479,000

$23.52 X 5,479,000 = MCAP $128,852,560 /
(Shares count fully diluted) 365,400,000)=
Share Price $.35

So just to get to the same price per oz from before the new resource
was announced the price needs to start from $.35 just to be
even to the previous resource level.


If we use $50 per OZ = $0.75

OR

If we use $100 per OZ = $1.50

Any way you slice it, this is just starting to get going.

Enjoy the ride!
by CharlieWaffles (153) @ sth. )


Well Funded Gold Junior Adding Ounces in Ontario
•Dec 9, 2020

Soar Financial
1.31K subscribers
Moneta Porcupines Mines (TSX.v: ME) CEO O'Connor joins us for Ep 111 to
discuss a recent PEA, upcoming resource update & more with us-
??? EXPAND FOR MORE INFORMATION ???

#SFLive #Gold #Ontario
Originally live streamed on December 9th, 2020 at 10 am PST.
www.twitter.com/soarfinancial -
make sure to follow us & click on the ??

Moneta Porcupines Mines owns six projects on the Destor Porcupine fault,
just outside of the mining hub of Timmins.
We caught up with CEO Gary O'Connor to discuss the PEA in detail,
potential levers, and the upcoming resource update which he expects
to be released imminently.
Eric Sprott is a big investor alongside industry heavy weights 1832,
Dundee and Sprott Funds.

More information at https://www.monetaporcupine.com

?? Follow Us! ??
?? Twitter: http://twitter.com/soarfinancial
?? Instagram: https://www.instagram.com/soarfinancial/
?? Facebook: https://www.facebook.com/soarfinancial/
?? Website: http://www.soarfinancial.com

https://www.youtube.com/watch?v=5p5kX7xDMW8&feature=emb_logo


Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold
Inferred Resources in NI 43-101 Golden Highway Resource Update
T.ME | 6 hours ago
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -


Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta" or the "Company") is pleased to provide an updated mineral
resource estimate for the 100% owned Golden Highway Project, located
100 km east of Timmins, Ontario. The update is based on the latest
drill program completed during the first half of 2020 (see Figure 1 and
Table 1).

Highlights of Updated Golden Highway Mineral Resource Estimate:

217% increase in total contained gold (Au) to 2,144,200 ounces (oz)
(combined underground and open pit) in the indicated category on the
Golden Highway Project

141% increase in total contained Au to 3,335,300 oz (combined
underground and open pit) in the inferred category at Golden Highway

A maiden inferred underground resource of 661,900 oz at a grade of
4.71 grams per tonne (g/t) Au at
the new Westaway/West Block discovery at a 3.00 g/t Au cut-off

Total indicated underground resource of 632,300 oz at a grade of
4.05 g/t Au on the Golden Highway Project

Total inferred underground resource of 2,128,100 oz at a grade of
4.21 g/t Auon the Golden Highway Project

Includes a new open pit resource of 1,511,900 oz indicated
at 0.93 g/t Au and 1,207,200 oz inferred at
1.10 g/t Au at Windjammer South and
55 at a 0.30 g/t Au cut-off

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD


Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217



Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

Merry Christmas

[nowwhat2]

Congratulations you two - Well done - All it took was some patience (and your solid dd) !
Don't think I could've held on thru that full drop......My entry-price wasn't too good.


2014

[bigone]

Thanks for sharing. I missed this yesterday. Hope that you don't get hammered with snow.

[NYBob]

Moneta Porcupine (TSX: ME) Investor Update
•Streamed live on Dec 15, 2020

Adelaide Capital

https://www.youtube.com/watch?v=ZgWNraQdaec


Moneta Porcupine Mines Inc (TSX:ME)

RE:RE:Price$/OZ

This stock is still excessively cheap, even after the current run.

New resources came outDecember 10th.
ME-PR-24-2020.pdf (monetaporcupine.com)

Now the stock price closed at 14 cents on Dec 9. So

$0.14 X (Shares count fully diluted) 365,400,000) = MCAP $51,156,000/(Previous resource) 2,063,500 = $23.52

So the cost was $23.52 per OZ

If we keep the current $23.52 oz number and apply it
to the new resource of 5,479,000

$23.52 X 5,479,000 = MCAP $128,852,560 /
(Shares count fully diluted) 365,400,000)=
Share Price $.35

So just to get to the same price per oz from before the new resource
was announced the price needs to start from $.35 just to be
even to the previous resource level.


If we use $50 per OZ = $0.75

OR

If we use $100 per OZ = $1.50

Any way you slice it, this is just starting to get going.

Enjoy the ride!
by CharlieWaffles (153) @ sth. )


Well Funded Gold Junior Adding Ounces in Ontario
•Dec 9, 2020

Soar Financial
1.31K subscribers
Moneta Porcupines Mines (TSX.v: ME) CEO O'Connor joins us for Ep 111 to
discuss a recent PEA, upcoming resource update & more with us-
??? EXPAND FOR MORE INFORMATION ???

#SFLive #Gold #Ontario
Originally live streamed on December 9th, 2020 at 10 am PST.
www.twitter.com/soarfinancial -
make sure to follow us & click on the ??

Moneta Porcupines Mines owns six projects on the Destor Porcupine fault,
just outside of the mining hub of Timmins.
We caught up with CEO Gary O'Connor to discuss the PEA in detail,
potential levers, and the upcoming resource update which he expects
to be released imminently.
Eric Sprott is a big investor alongside industry heavy weights 1832,
Dundee and Sprott Funds.

More information at https://www.monetaporcupine.com

?? Follow Us! ??
?? Twitter: http://twitter.com/soarfinancial
?? Instagram: https://www.instagram.com/soarfinancial/
?? Facebook: https://www.facebook.com/soarfinancial/
?? Website: http://www.soarfinancial.com

https://www.youtube.com/watch?v=5p5kX7xDMW8&feature=emb_logo


Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold
Inferred Resources in NI 43-101 Golden Highway Resource Update
T.ME | 6 hours ago
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -


Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta" or the "Company") is pleased to provide an updated mineral
resource estimate for the 100% owned Golden Highway Project, located
100 km east of Timmins, Ontario. The update is based on the latest
drill program completed during the first half of 2020 (see Figure 1 and
Table 1).

Highlights of Updated Golden Highway Mineral Resource Estimate:

217% increase in total contained gold (Au) to 2,144,200 ounces (oz)
(combined underground and open pit) in the indicated category on the
Golden Highway Project

141% increase in total contained Au to 3,335,300 oz (combined
underground and open pit) in the inferred category at Golden Highway

A maiden inferred underground resource of 661,900 oz at a grade of
4.71 grams per tonne (g/t) Au at
the new Westaway/West Block discovery at a 3.00 g/t Au cut-off

Total indicated underground resource of 632,300 oz at a grade of
4.05 g/t Au on the Golden Highway Project

Total inferred underground resource of 2,128,100 oz at a grade of
4.21 g/t Auon the Golden Highway Project

Includes a new open pit resource of 1,511,900 oz indicated
at 0.93 g/t Au and 1,207,200 oz inferred at
1.10 g/t Au at Windjammer South and
55 at a 0.30 g/t Au cut-off

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD


Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217



Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

GO MPUCF!!!

[NYBob]

Moneta Porcupine Mines Inc (TSX:ME)

RE:RE:Price$/OZ

This stock is still excessively cheap, even after the current run.

New resources came outDecember 10th.
ME-PR-24-2020.pdf (monetaporcupine.com)

Now the stock price closed at 14 cents on Dec 9. So

$0.14 X (Shares count fully diluted) 365,400,000) = MCAP $51,156,000/(Previous resource) 2,063,500 = $23.52

So the cost was $23.52 per OZ

If we keep the current $23.52 oz number and apply it
to the new resource of 5,479,000

$23.52 X 5,479,000 = MCAP $128,852,560 /
(Shares count fully diluted) 365,400,000)=
Share Price $.35

So just to get to the same price per oz from before the new resource
was announced the price needs to start from $.35 just to be
even to the previous resource level.


If we use $50 per OZ = $0.75

OR

If we use $100 per OZ = $1.50

Any way you slice it, this is just starting to get going.

Enjoy the ride!
by CharlieWaffles (153) @ sth. )


Well Funded Gold Junior Adding Ounces in Ontario
•Dec 9, 2020

Soar Financial
1.31K subscribers
Moneta Porcupines Mines (TSX.v: ME) CEO O'Connor joins us for Ep 111 to
discuss a recent PEA, upcoming resource update & more with us-
??? EXPAND FOR MORE INFORMATION ???

#SFLive #Gold #Ontario
Originally live streamed on December 9th, 2020 at 10 am PST.
www.twitter.com/soarfinancial -
make sure to follow us & click on the ??

Moneta Porcupines Mines owns six projects on the Destor Porcupine fault,
just outside of the mining hub of Timmins.
We caught up with CEO Gary O'Connor to discuss the PEA in detail,
potential levers, and the upcoming resource update which he expects
to be released imminently.
Eric Sprott is a big investor alongside industry heavy weights 1832,
Dundee and Sprott Funds.

More information at https://www.monetaporcupine.com

?? Follow Us! ??
?? Twitter: http://twitter.com/soarfinancial
?? Instagram: https://www.instagram.com/soarfinancial/
?? Facebook: https://www.facebook.com/soarfinancial/
?? Website: http://www.soarfinancial.com

https://www.youtube.com/watch?v=5p5kX7xDMW8&feature=emb_logo


Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold
Inferred Resources in NI 43-101 Golden Highway Resource Update
T.ME | 6 hours ago
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -


Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta" or the "Company") is pleased to provide an updated mineral
resource estimate for the 100% owned Golden Highway Project, located
100 km east of Timmins, Ontario. The update is based on the latest
drill program completed during the first half of 2020 (see Figure 1 and
Table 1).

Highlights of Updated Golden Highway Mineral Resource Estimate:

217% increase in total contained gold (Au) to 2,144,200 ounces (oz)
(combined underground and open pit) in the indicated category on the
Golden Highway Project

141% increase in total contained Au to 3,335,300 oz (combined
underground and open pit) in the inferred category at Golden Highway

A maiden inferred underground resource of 661,900 oz at a grade of
4.71 grams per tonne (g/t) Au at
the new Westaway/West Block discovery at a 3.00 g/t Au cut-off

Total indicated underground resource of 632,300 oz at a grade of
4.05 g/t Au on the Golden Highway Project

Total inferred underground resource of 2,128,100 oz at a grade of
4.21 g/t Auon the Golden Highway Project

Includes a new open pit resource of 1,511,900 oz indicated
at 0.93 g/t Au and 1,207,200 oz inferred at
1.10 g/t Au at Windjammer South and
55 at a 0.30 g/t Au cut-off

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD


Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217



Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

I caught all but about the first 15 minutes of the webcast. Sounds like very good potential.

[NYBob]

Well Funded Gold Junior Adding Ounces in Ontario
•Dec 9, 2020

Soar Financial
1.31K subscribers
Moneta Porcupines Mines (TSX.v: ME) CEO O'Connor joins us for Ep 111 to
discuss a recent PEA, upcoming resource update & more with us-
??? EXPAND FOR MORE INFORMATION ???

#SFLive #Gold #Ontario
Originally live streamed on December 9th, 2020 at 10 am PST.
www.twitter.com/soarfinancial -
make sure to follow us & click on the ??

Moneta Porcupines Mines owns six projects on the Destor Porcupine fault,
just outside of the mining hub of Timmins.
We caught up with CEO Gary O'Connor to discuss the PEA in detail,
potential levers, and the upcoming resource update which he expects
to be released imminently.
Eric Sprott is a big investor alongside industry heavy weights 1832,
Dundee and Sprott Funds.

More information at https://www.monetaporcupine.com

?? Follow Us! ??
?? Twitter: http://twitter.com/soarfinancial
?? Instagram: https://www.instagram.com/soarfinancial/
?? Facebook: https://www.facebook.com/soarfinancial/
?? Website: http://www.soarfinancial.com

https://www.youtube.com/watch?v=5p5kX7xDMW8&feature=emb_logo


Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold
Inferred Resources in NI 43-101 Golden Highway Resource Update
T.ME | 6 hours ago
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -


Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta" or the "Company") is pleased to provide an updated mineral
resource estimate for the 100% owned Golden Highway Project, located
100 km east of Timmins, Ontario. The update is based on the latest
drill program completed during the first half of 2020 (see Figure 1 and
Table 1).

Highlights of Updated Golden Highway Mineral Resource Estimate:

217% increase in total contained gold (Au) to 2,144,200 ounces (oz)
(combined underground and open pit) in the indicated category on the
Golden Highway Project

141% increase in total contained Au to 3,335,300 oz (combined
underground and open pit) in the inferred category at Golden Highway

A maiden inferred underground resource of 661,900 oz at a grade of
4.71 grams per tonne (g/t) Au at
the new Westaway/West Block discovery at a 3.00 g/t Au cut-off

Total indicated underground resource of 632,300 oz at a grade of
4.05 g/t Au on the Golden Highway Project

Total inferred underground resource of 2,128,100 oz at a grade of
4.21 g/t Auon the Golden Highway Project

Includes a new open pit resource of 1,511,900 oz indicated
at 0.93 g/t Au and 1,207,200 oz inferred at
1.10 g/t Au at Windjammer South and
55 at a 0.30 g/t Au cut-off

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD


Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217



Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

Maybe Kirkland Lake is more interested now?

[NYBob]

Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold
Inferred Resources in NI 43-101 Golden Highway Resource Update
T.ME | 6 hours ago
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -


Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta" or the "Company") is pleased to provide an updated mineral
resource estimate for the 100% owned Golden Highway Project, located
100 km east of Timmins, Ontario. The update is based on the latest
drill program completed during the first half of 2020 (see Figure 1 and
Table 1).

Highlights of Updated Golden Highway Mineral Resource Estimate:

217% increase in total contained gold (Au) to 2,144,200 ounces (oz)
(combined underground and open pit) in the indicated category on the
Golden Highway Project

141% increase in total contained Au to 3,335,300 oz (combined
underground and open pit) in the inferred category at Golden Highway

A maiden inferred underground resource of 661,900 oz at a grade of
4.71 grams per tonne (g/t) Au at
the new Westaway/West Block discovery at a 3.00 g/t Au cut-off

Total indicated underground resource of 632,300 oz at a grade of
4.05 g/t Au on the Golden Highway Project

Total inferred underground resource of 2,128,100 oz at a grade of
4.21 g/t Auon the Golden Highway Project

Includes a new open pit resource of 1,511,900 oz indicated
at 0.93 g/t Au and 1,207,200 oz inferred at
1.10 g/t Au at Windjammer South and
55 at a 0.30 g/t Au cut-off

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD


Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

I loved reading this NYBOB. Thank you.

[NYBob]

KL Gold sets sights on Timmins for regional office
‘We can see somewhere between 120 to 175 people working over there’



Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: November 29, 2020 | Last Updated: November 30, 2020 11:05 AM EST

Tony Makuch, president and CEO of Kirkland Lake Gold, is seen here during a presentation at Northern College in Timmins in December 2019. Makuch was the keynote speaker this past week for the Timmins Chamber's State of Mining presentation. RICHA BHOSALE/The Daily Press , TD

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Kirkland Lake Gold views Timmins as an integral part of the company’s future according to its president and chief executive officer Tony Makuch.

Makuch, a native of Timmins, has more than 30 years of experience as a mining engineer.

He joined KL Gold in July 2016. Before that, he was the CEO of Lake Shore Gold from 2008 until 2016, when it was acquired by Tahoe Resources.

This past week, he was the guest speaker for the latest edition of The State of Mining — a series of discussions hosted by the Timmins Chamber of Commerce over the video conferencing platform Zoom.

Makuch covered many topics throughout his presentation. He said the company is “industry leading” in terms of financial strength.

“We are the only gold company with no debt whatsoever on the balance sheet. Very clean company. Three very strong, profitable mines that we’re investing strongly in.”

KL Gold’s three operating mines are the Macassa Mine near Kirkland Lake, Detour Lake Mine near Cochrane, and the Fosterville Mine in southeastern Australia.

Makuch said there is much excitement about the company right now, and that they are continuing strong work in development and exploration.

“We’ve had a lot of success at Fosterville since 2016 to 2020; a lot of success at Macassa from 2016 to 2020. I think over the next few years, we’re really going to see how we can take Detour from something that nobody wanted to buy, nobody thought was any good and turn it into something that is really a cornerstone asset.”

Makuch referenced some “negative views” by some in the mining world on KL Gold’s acquisition of Detour Lake, which was completed in January, but stated he and his team are very confident in the future of that project.

Regarding how these projects could benefit Timmins, Makuch was asked by a Chamber member about KL Gold’s investment in the city, in particular a regional office.

“We want to take a lot of the jobs that were done in Toronto and move them closer to site,” said Makuch. “Certainly there are a lot of jobs that were happening at the site that we see we don’t always need them at site. They’d actually be better, more comfortable, management and such, at a central location.
“Timmins fits for us for a number of reasons. It is the regional centre. You have a lot of services, especially air services in Timmins, so the logistics of bringing people in and out helps. We’re looking at it from that perspective.”

Makuch talked about running Detour Lake differently, and that they genuinely want to grow the local and regional economy as much as possible.

“We’re trying to recruit from Northeastern Ontario, from the region, as much as possible, as opposed to across Canada.”

Another exciting development mentioned by Makuch was the goal of building an airstrip near the Detour Lake site.

“We want to start flying people in and out to the mine site, as opposed to busing. Combined travel time to the workplace currently sits around 3½ hours. By the time people show up at the Cochrane bus terminal and get bused up to site, it’s a significant amount of time. We’re trying to improve the logistics on that. Trying to be more centralized,” he said.

“People come to work at Detour; they’re already going to be 14 days away from home. Then I’m asking you to take a half a day, or a day, to get to work, and then a half a day, or a day, to get home. I think that’s not really proper.”

Makuch made an interesting point about the overall picture for the average worker, as it relates to home and family life.

“Work is a necessary evil that we have to do, to do what we really want to do.”

He then elaborated on the plans for the regional office in Timmins.

“The concept is, there’s a lot of our G&A staff (general and administrative), payroll, human resources, benefits, management, engineering, technical services, even our exploration group, are sort of working in a variety of different areas.”

The idea is for the company to consolidate those jobs into one area, and felt Timmins would be the right fit.

“We had satellite offices in a few areas in the region, we had some people in Kirkland Lake travelling back and forth from Timmins, or flying in from Toronto, we had people up at Detour and in Cochrane,” he said.

“Our goal is to build a regional office in Timmins. We need that continuity in management.”

In the meantime, they have been renting several smaller office spaces throughout the city and region, including one on Birch Street South.

Residents shouldn’t expect to see a shiny downtown office building, however.

“We’ve purchased a piece of land we want to build on at the corner of Highway 655 and Laforest Road. It’s very central for us. Logistically, it’s not far from the airport, and it’s on direct road access through to Cochrane. That’s the goal.”

When and if that office does come to fruition, it will be a big boost for the city, he said.

“We can see somewhere between 120 to 175 people working over there,” said Makuch.

“We want to build the region, and we want to grow here and encourage people to come.”

https://www.timminspress.com/news/local-news/kl-gold-sets-sights-on-timmins-for-regional-office

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

Possibly to become one big and happy family some day?

[NYBob]

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[NYBob]

Kirkland Lake Gold (TSX:KL) sets sights on Timmins for regional office -
Sun., November 29, 2020, 2:53 p.m. PST·5 min read -


https://ca.news.yahoo.com/kl-gold-sets-sights-timmins-225324908.html


bigone; well Kirkland Lake Gold and Moneta Porcupine ME and
KL shares properties and both have properties beside each other;

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -

[bigone]

Very interesting.....

[NYBob]

Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[bigone]

Looking good!

[NYBob]

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/

Toronto, Ontario--(Newsfile Corp. -
October 22, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario.

"We are pleased to have filed the Technical Report which supports the positive results from the preliminary economic assessment of the South West deposit and its robust project economics including an NPV5% of C$236 million and IRR of 30% at US$1,500 ounce gold," commented Moneta CEO, Gary O'Connor.
"The PEA study assumed underground extraction at only our South West deposit and has shown the potential to produce up to 85,700 ounces per annum at a cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years with annual after tax cash flow of C$49 million.
The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce.
We are now focussing on expanding the adjacent deposits and discovering new zones of gold mineralization with the start of our new 20,000 m drill program designed to continue to add value to the Golden Highway Project with a growing resource base.
In addition to following up the three new discoveries from earlier this year, Moneta is currently updating the Windjammer South, 55 and new Westway resource estimates, expected to be released before the end of 2020."

The Technical Report dated October 21, 2020 was prepared in accordance with National Instrument 43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both SEDAR and the Company's website ( www.monetaporcupine.com ) and is now available for review.

The Report was prepared by Mr. B. Terrence Hennessey, P.Geo., Mr. Richard M. Gowans, P.Eng., Mr. Barnard Foo, P.Eng., Mr. Christopher Jacobs, MIMMM, Mr. David Makepeace, P.Eng., and Mr. Nigel Fung, P.Eng., of Micon International Ltd. of Toronto, Canada, who are considered "Qualified Persons" under NI 43-101.
The new technical report covers and supports the technical and scientific disclosure as contained in the new PEA study reported in Moneta's press release dated September 09, 2020 entitled "Moneta announces positive results from Preliminary Economic Assessment study on South West Deposit."

Qualified Person
Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

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 main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

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.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo


In GOD We Trust - Real Money -







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

[nowwhat2]

Nah Nah Nah Nah...... Nah Nah Nah Nah,,,,,Hey hey hey.....

RIP Senior - Adios !

[bigone]

Repercussions from years of financial smoke and mirrors.

[NYBob]

Gold Debate: Is A New Gold Standard Coming? (Steve Forbes) -
August 23, 2020

https://www.youtube.com/watch?time_continue=157&v=rs1PH_GLi98&feature=emb_logo

bigone thank you, Why a return to gold standard is the solution for monetary instability
Oct 28, 2020
Guest(s): Jan Nieuwenhuijs Gold Analyst, The Gold Observer

https://stream2.kitco.com/20_10_19_Nieuwenhuijs_v2_liferay.mp4



Why a return to gold standard is the solution for monetary instability
Market Analysis
Oct 28, 2020
Why a return to gold standard is the solution for monetary instability
Excessive monetary stimulus, a by-product of an “undisciplined” fiat
money system, will create problems for our economy as well as financial
distortions, and the long-term solution is a monetary “reset,” whereby
economies move away from this system and re-adopt a gold standard, said
Jan Nieuwenhuijs, gold analyst at The Gold Observer.
“There are a lot of financial bubbles, there are excessive debt levels,
inequality is rising, you’ve got moral hazards, all ... (read more)


$10,000 Gold Is the Ultimate Endgame, Says Gabelli Funds Analyst
35,417 views •Oct 26, 2020

STANSBERRY RESEARCH

https://www.youtube.com/watch?v=U1e3tOcGMu0


157K subscribers


This year will mark the first year since 1979 to have both gold and the
S&P 500 mark new highs during the calendar year.
Stansberry Research Anchor Daniela Cambone speaks with Gabelli Funds
Senior Analyst Chris Mancini about the significance of this unlikely
occurrence.
Mancini and Cambone also discuss the impact of the upcoming U.S.
presidential election.
"If we see a Democratic sweep, it is more likely we will see a huge
fiscal stimulus and it will be full game on.
The Fed will continue to buy bonds and gold trends up again,"
Mancini said


bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217

https://investorshub.advfn.com/Moneta-Porcupine-Mines-Inc-TSX-ME-5495/

God Bless

[NYBob]

bigone thank you, RE: This sounds so sweet well said, The Golden Highway
Project is only one of six Moneta Porcupine Mines Inc (TSX:ME)

Projects Overview

Moneta Porcupine Mines Inc. (“Moneta”) is a gold exploration company
which holds a 100% interest in 6 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 (Newmont-Goldcorp) and several others such as
McEwen Mining, Pan American Silver, Osisko 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.

The Porcupine Camp and Golden Highway Camp
(herein collectively referred to as “Timmins Camp“) is one of
the most prolific gold-producing areas in
the world with over 80 million ounces of gold produced to date.

Moneta’s land position covers 618 km2 and is one of the largest
after the three main gold producers in the Timmins Camp, and
includes the highly prospective
Golden Highway Project which covers 12 kilometres of a
volcanic/sedimentary belt and contains four branches of the Destor.

The Golden Highway Project hosts a gold NI 43-101 Resource Estimate
(November 2019) of 556,500 ounces indicated
(3.8Mt at 4.53 g/t Au) plus
1,174,000 ounces inferred (8.5 Mt at 4.31 g/t Au).

The property covers over 200 square kilometres and is adequate in size
to support milling infrastructure, however, six existing mills are
within trucking distance and have excess capacity for toll milling.
Indicated resources increased 58% in 2019 and inferred resources
increased by 40% during the same period.

The Timmins Camp has first rate infrastructure with excellent off
highway access via an extensive network of logging and drilling roads.

Communications and power are available along Highway 101 and
cell phone coverage extends to the property.

A skilled labour force for mining and exploration is available in
Matheson, Kirkland Lake and Timmins.

Timmins and Kirkland Lake are also major supply and
service centers for the mining industry.

The Company is leveraged to gold exploration, with limited overhead and
fixed costs and one of the highest ratios of dollars
to drilling of any junior explorer.

It is operated by a strong technical and management team which
maintains a low-cost Timmins-based exploration operation with its own
field office, rolling stock and equipment, and drill core logging and
core storage facility (core shack).

Moneta was incorporated pursuant to the laws of the Province of Ontario
on October 14, 1910 and its common shares was one of the 1st
gold producers trade on the Toronto Stock Exchange (“TSX“)
under the symbol ME, on the United States OTC market under
the symbol MPUCF, and the Xetra, and Frankfurt Stock Exchange under
the symbol MOP.
The company is a former gold producer but has no properties currently
in production.


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).

https://www.monetaporcupine.com/projects-overview/

God Bless

[bigone]

This sounds so sweet!

[NYBob]

Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038




Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

In GOD We Trust - Real Money -







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

[bigone]

Another plus for us.

[NYBob]

Moneta plenty of rock composed chiefly of dark iron and
manganese silicate minerals.

Moneta Porcupine Mines Inc. AIF



Mar 29, 2012 - Moneta's head office is located at 65 Third Avenue, Timmins, Ontario, ...
rock composed chiefly of dark iron and manganese silicate minerals.


https://www.monetaporcupine.com/i/pdf/ME_2011AIF.pdf


Shareholders are probably aware of the current speculation regarding
the development of a new type of battery containing manganese as a
possible replacement for cobalt and the rise in the stock price of
Manganese X (MN-TSX.V) over the last several days.

ME manganese property will allow Moneta to take further advantage of
the current interest in manganese as a potentially important
battery metal this great iron asset.
IMO!

Ex....

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31621453

[bigone]

NYBOB, There are options available for a property that seems to have very good potential. We are holding for the future.

[NYBob]

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

In GOD We Trust - Real Money -







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

[bigone]

This is GREAT!!! Thanks NYBOB. The company possibly has much more discovery potential?
I am sorry, but I read this too late to get in on the conference call.

[bigone]

Now you have my curiosity up.

[NYBob]

Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

In GOD We Trust - Real Money -







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

[NYBob]

Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)


Gold & Silver bulls starting to break out > ^ > ^ > ^

In GOD We Trust - Real Money -







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

[NYBob]

Moneta Announces Positive Results from Preliminary Economic Assessment Study on South West Deposit
After tax C$236 million NPV5% and 30% IRR at US$1,500 per ounce Gold
Toronto, Ontario--(Newsfile Corp. - September 9, 2020) -

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce the excellent results from the Company's Preliminary Economic Assessment ("PEA") of the South West deposit at its 100% owned Golden Highway Project located in Timmins, Ontario. The PEA study demonstrates robust economics and is based on a stand-alone, owner-operated mine and mill with an 11-year mine life which produced an after-tax Net Present Value ("NPV") of C$236 million using a 5% discount rate. The financial model shows an after-tax Internal Rate of Return ("IRR") of 30% and a capital payback period of 3.4 years. All amounts are shown in Canadian dollars unless otherwise stated.

South West Deposit PEA Highlights

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31531516

After Tax Net Present Value at a 5% discount rate ("NPV5%") of C$236 million and after-tax Internal Rate of Return ("IRR") of 30% at US$1,500/oz gold and exchange rate of US$0.77/C$
C$371 million after tax cash flow over the life of mine
75,700 ounces annual production during full production for 719,000 ounces total gold production
Peak gold production of 85,700 ounces per annum
Cash cost of US$590 per ounce and all in sustaining cost of US$747 per ounce gold
Highly leveraged to the gold price with after tax NPV5% of C$423 million and 47% IRR at US$1,900 per ounce gold
Initial capital of C$144 million, and sustaining capital of C$136 million
After-tax discounted pay-back of 3.4 years, with an 11 year mine life
Attractive alternative Toll Milling development option with after-tax NPV5% of C$197 million and IRR of 44% at US$1,500 gold with initial capital costs of C$65 million
Potential to expand production from additional deposits located on the Golden Highway Project
"We are extremely pleased with the positive results from this preliminary economic assessment of the South West deposit and its robust project economics including an NPV of C$236 million and IRR of 30% at US$1,500 ounce gold and a 5% discount rate," commented Gary O'Connor, CEO. "The PEA study which assumed underground extraction of our South West deposit only has shown the potential to produce up to 85,700 ounces per annum for a total of 719,000 ounces life of mine at an attractive cash cost of US$590 per ounce, with low initial capital of C$144 million repaid over 3.4 years. The excellent economics are afforded by the project's location in Canada's most prolific gold mining camp, Timmins Ontario, with extensive existing infrastructure and experienced and available services and workforce. The South West deposit would generate C$371 million after tax cash flow over the life of mine. We will now be able to focus on expanding the adjacent deposits and discovering new zones of gold mineralization to continue to add value to the Golden Highway Project with a growing resource base. In addition to our base case development plan, we also have a highly attractive development option which involves minor initial capital expenditure, shorter development time line and negates the need to permit and build our own processing plant and associated infrastructure assuming Toll Milling of the ore."

Mr. O'Connor commented, "In addition to the highly successful PEA on our South West deposit, we have 5 additional gold deposits on the Golden Highway project and have discovered three new mineralized areas, Westaway, Halfway and South Basin in 2020, of which a maiden resource for Westaway is planned for this year. During 2020 we have doubled the footprint of continuous mineralization from 2 kilometres to 4 kilometres at Golden Highway. In addition, we have discovered regional scale potential with gold mineralization discovered over 1.2 km on the southern margins of the South Basin with a potential strike length of 12 km."

PEA: TECHNICAL INPUT AND FINANCIAL RESULTS SUMMARY

Table 1 - Technical Inputs and Financial Assumptions

Economics Pre-Tax Post-Tax
Net present value (NPV5%) C$ million $368.2 $236.4
Internal rate of return (IRR) % 39.2 % 29.7 %
Payback Period (undiscounted) years 2.9 years 3.4 years
LOM avg. annual cash flow C$ million $66.9 $ 48.6
LOM cumulative cash flow (undiscounted) C$ million $556.3 $371.3
LOM Average cash costs US$ per ounce US$590
LOM Average AISC - All in Sustaining Costs US$ per ounce US$747
LOM Average AIC - All in Costs US$ per ounce US$902
Initial Capital Costs C$ Million C$144.2
Sustaining Capital Costs (LOM) C$ Million C$135.7
Profitability Index NPV/Initial Capital 1.64
Peak Investment C$ million C$114.3
Gold price assumption US$ per ounce US$1,500
Exchange rate US$/C$ 0.77
Royalty per ounce nil
Mine life years 11
Mill Head Grade (diluted) and Recovery g/t Au, % 3.93 g/t Au, 94.2%
Average annual mining rate tonnes/day (tpd) 1,750tpd
Average annual gold production thousand ounces/yr 76Koz/pa
Total LOM recovered gold thousand ounces 719.2koz


The average annual mining rate and gold production is calculated for years 3 to 11 of mining when mining is at full production rates. All other parameters are measured for life of mine (LOM) and include the 2 year ramp up period. No royalties or encumbrances are attributed to any of the South West deposit.

The PEA was prepared in accordance with National Instrument 43-101 ("NI 43-101") by Micon International Limited ("Micon") of Toronto, Canada with an effective date of September 09, 2020. The Company will file the PEA on SEDAR at www.sedar.com in accordance with NI 43-101 within 45 days.

This preliminary economic assessment is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

GOLD PRICE SENSITIVITIES

The following table demonstrates the post-tax sensitivities of NPV and IRR to gold price per ounce. The base case, highlighted in the table below, assumes US$1,500 per ounce of gold and an exchange rate of 0.77 (US$/C$):

Table 2: Gold Price Sensitivities

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/63412_table2a.jpg


To view an enhanced version of Table 2, please visit:
https://orders.newsfilecorp.com/files/4852/63412_table2.png

Figure 1: Sensitivities Chart

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/63412_fig1a.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/63412_fig1.png

The Project economics are most sensitive to revenue drivers (gold prices, gold grade and recovery). Operating and capital cost sensitivities are similar and are also presented in Figure 1.

OPPORTUNITIES

The PEA outlined several initiatives that may enhance the Project including:

Potential to mine additional ounces from the current resource estimate from the developed underground infrastructure with more selective mining
Opportunity to drill out additional gold mineralization from underground not currently in the mineral resource estimate
Include lower grade gold mineralized haloes and veins systems not currently in the resource model which will lower the amount of dilution
With modelling of lower grade veins and haloes, development through these areas could potentially be processed through the mill. Current mine plan assumes the development in these areas carries no grade
Optimize the metallurgical recoveries with more test work to potentially increase the overall gold recoveries
The possibility of increasing the tonnes mined per year with longer/additional mining shifts
Additional mineral resources located adjacent to South West and currently the focus of ongoing exploration and resource updates by Moneta are not covered in this PEA. Additional resources and mine plans have the potential to significantly increase production from the project
Optimization of the mine plan and mine production schedule to potentially decrease costs and increase production
NEXT STEPS

The South West resource requires additional infill drilling to upgrade inferred resources to measured and indicated categories
Continue and expand the current environmental base line studies and data collection
Drill known open extensions of the resource to expand the potential size of the South West deposit
Additional metallurgical recovery and environmental test work is required to better define the process flow sheet
Drill out adjacent gold deposits to enable additional resources to be considered in any further development plans
Drill test exploration targets to continue to grow the resource base
Hydrological and geotechnical studies will be required
Commence pre-feasibility level mine engineering and development studies upon completion of resource expansion and infill drill programs
MINE PRODUCTION SCHEDULE

The PEA at South West considers underground mining utilizing ramp access with longitudinal long hole stoping mining methods. The initial development of the access ramp is to be performed by contractors with mine development and ore production transitioning to 100% owner owned operations in year 2. Two years have been scheduled for the ramp-up of production with the full production rate of 1,750 tpd being achieved in year 3. Full production occurs for 9 years for a total of 11 years mine life with average production of 75,700 ounces per year during full production, peaking in year 5 with 85,700 ounces of gold produced.

A minimum mining width of 3.00 m is used for the longitudinal long hole stoping mining planned, with 20 m between sub-levels and 15 m long stopes planned. The average width of stopes is approximately 8.0 m. Dilution of 0.5 m on both the footwall and hanging wall of stopes is added with no grade.

Table 3: Mine Production Schedule

Year -1 1 2 3 4 5 6 7 8 9 10 Totals
Tonnes (t) 213 462 603 621 620 617 622 621 621 621 417 6,035
Grade (g/t) 3.93 4.05 3.91 3.90 4.57 3.73 3.56 3.95 4.19 3.70 3.77 3.93
Contained Au 26.8 60.1 75.9 77.8 91.0 73.9 71.2 78.8 83.6 73.7 50.4 763.5
Recovery (%) 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2% 94.2%
Recovered Au 25.3 56.6 71.5 73.3 85.7 69.7 67.1 74.3 78.8 69.4 47.5 719.2


Figure 2: Annual Gold Production Chart

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Table 4: Mine Production Technical Details

Mine Plan Summary
Mine Life Years 11
Including Ramp-up Years 2
Mining rate tpd 1,750
Height between sub-levels m 20.00
Minimum mining width m 3.00
Length of stopes m 15.00
Dilution m 0.5 / 0.5
Average width of stopes m ~8.00
Dilution grade g/t Au 0.00
Cut-off grade g/t Au 2.60
Total mill-feed mined Million tonnes 6.035
Diluted Grade g/t Au 3.93
Contained Ounces Thousand ounces 763.49
Recovered ounces Thousand ounces 719.21


OPERATING COSTS

Owner operating costs were developed from first principles. Initial access development will be contracted and contractor rates were based on written quotes. Owner mining is assumed for all ore production and associated development. Ore is brought to the surface by means of a 4.0 m x 4.5 m access ramp utilizing 30 t trucks.

Table 5: Operating Cost Summary

Operating Costs
Cost Centre LOM (C$MM) (C$/t)
Mining $393.2 $65.16
Processing $112.9 $18.70
G&A $36.8 $6.10
Total $542.9 $89.96


Figure 3: Cash flow and Operating Cost Chart



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CAPITAL COSTS

Initial capital costs include a 15% contingency on direct and indirect costs. The initial capital costs also include owner's costs, EPCM costs, first fills, insurance and indirect costs. Sustaining costs include a 10% contingency on underground development costs.

Trade-off studies were evaluated to include "lease-to-purchase" options for mining equipment. The lease to purchase equipment does result in lower initial capital and higher IRR's but returned lower NPV valuations and higher cash costs of production. The lease to purchase remains an attractive development option to reduce initial capital costs.

Table 6: Capital Cost Summary

Capital Costs
Cost Centre C$MM
Mining Equipment 6.05
Auxiliary 43.64
Processing 40.39
Infrastructure 21.50
In-directs 15.68
Contingency 16.91
Total Initial Capital 144.16
Sustaining Capital (LOM) 135.72
Closure 10.00
Total Capital Costs 289.88


SOUTH WEST MINERAL RESOURCE ESTIMATE UPDATE

The mineral resource estimate for South West was updated by Micon for the PEA. The same geological interpretation and geological wireframes were used as per the November 2019 mineral resource update. No additional drilling has been performed by Moneta at South West since the November 2019 resource. Due to the updated economic parameters used in the PEA, the cut-off grade for the South West resource was changed from 3.0 g/t Au to 2.6 g/t Au, assuming US$1,250 per ounce gold. The current PEA only assessed the economics of producing gold from the South West deposit and did not evaluate the adjacent deposits on the Golden Highway Project.

Table 7: Golden Highway Project Mineral Resource Estimate

Deposit
Name Cut-off
Used
(Au g/t) Indicated Inferred
Tonnes
(t) Grade
(g/t) Ounces
(oz) Tonnes
(t) Grade
(g/t) Ounces
(oz)
South West 2.6 4,530,000 4.07 592,400 9,607,000 4.01 1,237,900
Windjammer South 3.0 364,000 4.19 49,100 173,000 4.59 25,500
55 3.0 216,000 5.11 35,400 327,000 4.31 45,300
West Block 3.0 - - - 301,000 3.23 31,200
Discovery 3.0 - - - 108,000 4.12 14,300
Windjammer North 3.0 - - - 265,000 3.80 32,400
Total
5,110,000 4.12 676,900 10,781,000 4.00 1,386,600


Notes:

Mineral Resource Estimates are reported at a cut-off grade of 3.00 g/t Au for an underground mining scenario, except for the South West zone which used the cut-off determined in this PEA (2.6 g/t). The cut-off grade was calculated at a gold price of US$1,250 per ounce, an exchange rate of US$/C$ of 0.75 and operational assumptions outlined in Section 14 of this report. The cut-off for the South West zone was derived by calculations presented in the mining sections of this report.
The resource estimate is supported by statistical analysis with different high-grade capping applied to each of the deposits ranging from 6.0 g/t Au to 37.0 g/t Au on 1-m composites.
The mineral resources presented here were estimated with a block size of 10 m x 5 m x 10 m utilizing sub-blocks of variable size as required, and constrained within geological wire frames with a minimum width of 1.50 m, except for the South West update. There the mineral resources were estimated using a sub-blocked model with a parent block size of 15 m x 5 m x 15 m and child block size down to 5 m x 1 m x 5m utilizing these sub-blocks as required and constrained within geological wire frames with a minimum width of 1.50 m. The cells are estimated by Ordinary Kriging using the appropriate variogram model of each structure with individual search ellipsoids.
The mineral resources presented here were estimated by Micon International Limited using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definitions and Standards on Mineral Resources and Reserves.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues.
The quantity and grade of reported Inferred Resources are somewhat uncertain in nature and there has not been sufficient work to define these Inferred Resources as Indicated or Measured Resources.
There are no historical underground voids from mining including shafts, ramps drifts or stopes in any of the deposit areas.
Tonnage estimates are based on bulk densities individually measured and calculated for each of the deposit areas, averaging 2.78 tonnes per cubic metre for the total resource. Resources are presented as undiluted and in situ.
The mineral resource estimates for South West and West Block are dated September 09, 2020. All other zones are dated January 15, 2019. The effective date for the drill hole database used to produce this updated mineral resource estimate for South West and West Block is November 26, 2019 and November 19, 2018 for the other zones. Tonnages and ounces in the tables are rounded to the nearest thousand and hundred respectively. Numbers may not total precisely due to rounding.
At the present time, Micon does not believe that the mineral resource estimate is materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
METALLURGY

Gold recoveries in the processing plant are based on metallurgical recovery test work performed by SGS-Lakefield Laboratory Limited, based in Ontario, Canada performed in 2012 and 2019. Historical metallurgical recovery test-work conducted by Newmont Gold and Barrick in the 1990's was also reviewed. An average gold recovery of 94.2% is used for the owner build scenario assuming the inclusion of a gravity gold recovery circuit in the process flow sheet to capture coarse gold with 24 hour cyanide leaching of the gravity tails after crushing and grinding, based on the results of test work completed to date.

INFRASTRUCTURE

The Golden Highway project, in which the South West deposit is located, is located 100 km east of Timmins, Ontario adjacent to a major sealed highway, Highway 101. A 5 km access road from the highway affords access to the proposed portal site. High tensile electrical power grids occur within 5 km of the proposed site and carry sufficient power to supply several mining operations in the area. Water is locally available, as is building aggregate.

The proposed base case development option involves the construction of an ore stockpile pad, a 1,750 tpd processing plant with sufficient crushing, grinding and leach capacity to process the ore and recover gold into doré bars. For this option a tailings dam with capacity of approximately 6.0 million tonnes is required to be constructed at site. No camp is required due to the proximity of major population centres with significant local mine contracting and technical expertise.

ALTERNATIVE DEVELOPMENT OPTION: TOLL MILLING

Table 8: Toll Milling Development Option: Technical Inputs and Financial Assumptionsn

Economics Pre-Tax Post-Tax
Net present value (NPV5%) C$ million $306.2 $196. 9
Internal rate of return (IRR) % 63.9 % 43.8 %
Payback Period (Undiscounted) years 2.2 years 3.1 years
LOM avg. annual cash flow C$ million $47.8 $ 33.4
LOM cumulative cash flow (undiscounted) C$ million $446.9 $296.2
LOM Average cash costs US$ per ounce US$796
LOM Average AISC - All in Sustaining Costs US$ per ounce US$938
LOM Average AIC - All in Costs US$ per ounce US$1009
Initial Capital Costs C$ Million C$64.5
Sustaining Capital Costs (LOM) C$ Million C$127.4
Profitability Index NPV/Initial Capital 3.05
Peak Investment C$ million 38.9
Gold price assumption US$ per ounce US$1,500
Exchange Rate US$/C$ 0.77
Mine Life years 11
Mill Grade (diluted) and Recovery g/t Au, % 3.93 g/t Au, 92.2%
Average annual mining rate tonnes/day (tpd) 1,750 tpd
Average annual gold production thousand ounces/yr 74Koz/pa
Total LOM recovered gold million ounces 704Koz


The PEA also reviewed the option to process the mined resource at South West utilizing an existing processing plant in the Timmins mining camp. This scenario assumed the same mine plan and production rate with trucking to an existing processing plant and payment of a toll milling rate for the processing of ore and recovery of gold. Primary crushing is included in the costs and no gravity gold recovery circuit is assumed to be used in this option resulting in an average life of mine gold recovery rate of 92.2%. The same underground development capital costs are used as well as the same mine development infrastructure, but no processing plant and no tailings storage facility is assumed in the development plan. The toll treating options would allow for a faster development time with fewer permitting requirements, less construction time and lower capital requirements to develop the toll milling option.

Table 9: Toll Milling Development Option: Gold Price Sensitivities

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Table 10: Toll Milling Development Option: Operating Costs

Operating Costs
Cost Centre LOM (C$MM) (C$/t)
Mining $393.24 $65.16
Processing $289.68 $48.00
G&A $35.77 $5.93
Total $718.70 $119.09


WEBCAST DETAILS

Management will host a webcast and conference call to discuss the results of the PEA on September 10, 2020 at 10:30 am ET. Please refer to the details below to join the conference call or the webcast.

CONFERENCE CALL NUMBER

Toll Free Dial-In Number: [phone]
International Dial-In Number: [phone]

WEBCAST LINK

https://onlinexperiences.com/Launch/QReg/ShowUUID=AB45B9A9-303C-4209-8145-BE3B789518B2

Please send your questions to management at [e-mail] or at 647-456-9223.

A replay of the conference call will be available at 1:30 pm on the Company's website and by calling [phone] or [phone].

Further details on the PEA and the complete PEA study document will be found on the Company's website at www.monetaporcupine.com/investors within 45 days and on SEDAR.com

INDEPENDENT QUALIFIED PERSONS

The Preliminary Economic Assessment was prepared for Moneta by independent Qualified Persons (QP's) under National Instrument 43-101 from Micon International Ltd of Toronto, Canada. The independent QP's have reviewed and approved the content of this press release and include:

B. Terrence (Terry) Hennessey, P.Geo., Senior Economic Geologist and Vice President
Richard Gowans, P.Eng., President and Principal Metallurgist
Barnard Foo, P.Eng., M.Eng., MBA, Senior Mining Engineer
Christopher A. Jacobs, C.Eng, MIMMM, Vice President and Mining Economist
David Makepeace, M.Eng., P.Eng., Senior Geologist/Environmental Engineer
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 676,900 ounces gold contained within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold contained within 10.78 Mt @ 4.00 g/t Au in the inferred category at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.

Non-IFRS Financial Measures

Moneta has included certain non-IFRS financial measures in this news release, such as Initial Capital Cost, Sustaining Capital, Cash Operating Costs ,Total Cash Cost, All-In Sustaining Cost, All-in Cost, Cash Flow Index and Peak Investment, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. As a result, these measures may not be comparable to similar measures reported by other corporations. Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

Non-IFRS financial measures used in this news release and common to the gold mining industry are defined below.

Total Cash Costs and Total Cash Costs per Ounce

Total Cash Costs are reflective of the cost of production. Total Cash Costs reported in the PEA include mining costs, processing & water treatment costs, general and administrative costs of the mine, off-site costs, refining costs, transportation costs and royalties. Total Cash Costs per Ounce is calculated as Total Cash Costs divided by payable gold ounces.

All-in Sustaining Costs ("AISC") and AISC per Ounce

AISC is reflective of all the expenditures that are required to produce an ounce of gold from operations. AISC reported in the PEA includes total cash costs, sustaining capital and closure costs, but excludes corporate general and administrative costs and salvage. AISC per Ounce is calculated as AISC divided by payable gold ounces.

All-in Costs ("AIC") and AIC per Ounce

AIC is reflective of all the expenditures that are required to produce an ounce of gold. AISC reported in the PEA includes total cash costs, general and administrative, initial and sustaining capital and closure costs. AIC per Ounce is calculated as AIC divided by payable gold ounces.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

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 [e-mail].

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31531516

[NYBob]

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217

God Bless

[NYBob]

bigone thank you, beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217

God Bless

[bigone]

Now I understand.

[bigone]

It continues to build.

[NYBob]

Linda Armstrong sent put a letter on behalf of Gary today...

Here is the excerpt from the letter, :

Good afternoon,

Below is an announcement from Kirkland Lake Gold and Newmont from yesterday
in regards to forming a joint venture to explore the ground around
Moneta’s assets in the Timmins Camp.

We see this as very encouraging and a good validation on the prospective
nature of the belt where we are the sole junior with a large land
package
and a large growing resource with good robust grade.
Plus we already have a joint venture with Kirkland Lake Gold over the
adjacent very prospective land.

Regards

Gary

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31424694

[bigone]

Things are brewing!

[NYBob]

Kirkland Lake & Nemont Goldcorp makes headway with plan to give Holt Mine & Dome mine a new life -

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217

[bigone]

Thanks NYBOB. Do you think that ME will be bought out in the coming year?

[bigone]

Appears that we are in a good place with ME.

[NYBob]

The K2 Principal Fund L.P. ("K2") announced that on May 1st, 2020
it purchased 98,500 common shares of Moneta Porcupine Mines Inc.
(TSX: ME) of 65 3rd Ave, Timmins, ON, P4N 1C2.
Each share was purchased through the TSX at
a total cost of $11,692.12.

Prior to the recent acquisition, K2 held 31,085,000 common shares.
After the acquisition, the partnership holds 31,183,500 common shares
representing approximately 10.01% of the issued and outstanding common
shares of Moneta Porcupine Mines Inc.

K2 acquired the securities for investment purposes only and may,
depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its
current rights to acquire, common shares or other securities of
Moneta Porcupine Mines Inc through market transactions, private
agreements or otherwise.

SOURCE The K2 Principal Fund L.P.
Dan Gosselin, The K2 Principal Fund L.P., [phone]


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
of the Gold Mine Producers in Timmins Porcupine Gold Fields -

Moneta Gold Mine 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 Hollinger 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 workings butt right up the border
of Moneta Gold Mine @ Moneta’s Kayorum property -
is 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 Porcupine Mines Inc 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
Pan American Silver Corp. (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 Porcupine Mines Inc. has interests in 1,046 claim units each
approximately 16,800 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 Gold 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 Gold 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) -
had plenty of more drillinng since and will be upgraded -



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

[NYBob]

Moneta Porcupine Mines Inc. (TSX:ME, OTC:MPUCF) CEO Clip: Gary O'Connor
Moneta Porcupine Mines | Canada's Most Prolific Gold Mining Camp -
•Apr 23, 2020


In this video the CEO of Moneta Porcupine Mines, Gary O'Connor,
talks about the company's gold exploration in the Timmins Gold Camp.

Moneta Porcupine Mines is a gold exploration company that holds
a 100% interest in 6 core gold projects and
a 50% JV with Kirkland Lake Gold strategically located on or
along the Destor Porcupine Fault Zone corridor ("Destor").
Destor is one of the key mineralized structures in
the Abitibi Greenstone belt in Ontario and has excellent
infrastructure including access roads, water, electricity
and mills.

All of the Moneta's properties are in the Timmins Gold Camp.
They're exploring for gold deposits along
the Destor Porcupine, Canada's most prolific gold mining camp.


https://www.youtube.com/watch?v=dCvqvuGT47c&t=11s



In Conversation: Gary O'Connor @Moneta Porcupine -
A solid Ontario position and backing from strategic investors.
What will 2020 bring for Moneta Porcupine?

https://www.youtube.com/watch?v=Z7BCFrPq_Wg


New May 2020 corporate presentation out by Moneta Porcupine Mines Inc
(TSX:ME) -


Check it out. Some new items I noticed:

There are 2 analysts covering ME:

PAradigm and Haywood, Sprott has increased holdings in ME.

There is also their 10 year plan.
Check it out:

https://www.monetaporcupine.com/corporate-presentation/

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155397104


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

[bigone]

Interesting agreement.