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MONETA ANNOUNCES 40,000M DRILL PROGRAM ON GOLDEN HIGHWAY -

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NYBob Member Level  Friday, 09/30/16 04:17:23 PM
Re: bigone post# 342
Post # of 383 
MONETA ANNOUNCES 40,000M DRILL PROGRAM ON GOLDEN HIGHWAY -
Toronto, Ontario – September 29, 2016 –



Moneta Porcupine Mines Inc. (TSX:ME)
(“Moneta” or the “Company”)
announces the start of its fully-funded exploration and drilling
program on its 100% owned Golden Highway
Project, east of Timmins, Ontario.

http://www.monetaporcupine.com/i/pdf/2016-09-29_NR.pdf

The 2016/2017 exploration program at Golden Highway
primarily consists of drilling several priority target areas
along 8km of Destor Porcupine Fault Zone corridor (“Destor”)
adjacent to the Golden Highway NI 43-101 gold
resource estimate.

The target areas are located primarily along splays within the
volcanics and associated syenitic intrusives of
the Destor corridor and were generated by modelling and
correlation of key data including airborne
and ground magnetics, induced polarization,
assay results from past drilling, and
review of historical drill core and
known geology.

Limited historical drilling along the 8km Destor corridor yielded
notable results such as
14.19g/t over 4.3m in Landing Zone,
2.63g/t over 27.8m in Twin Creeks, and
9.19g/t over 8.5m in LC Zone.

More recently the Discovery Zone (2014) returned
2.02g/t over 114.5m in
the first drilling data gaps that was tested,
prior to suspension of drilling given market conditions.

A re-logging and sampling program of unsampled historical core,
available at the Company’s core farm, is now underway.

Two drills are currently being mobilized at Golden Highway
with a third to follow on or around January 2017.

Drilling will focus on targets in close proximity to
the existing NI 43-101 gold resource.

The Company expects that
the discovery and delineation of additional gold mineralization
outside of the NI 43-101 conceptual pit, could
have a favourable impact on the overall project economics and
initial capital expenditure requirements.

The scientific and technical disclosure within this document
has been reviewed and approved by
Rainer Skeries, PGeo, an independent Qualified Person as defined
in National Instrument 43-101.

About Moneta
Moneta holds a 100% interest in 5 core gold projects
strategically located along the Destor Porcupine Fault Zone
in the world class Timmins Camp
with over 85 million ounces of past gold production.


http://www.monetaporcupine.com/s/Presentation.asp

The Golden Highway
Project covers 12 kilometres of a highly prospective
volcanic/sedimentary belt along the Destor Porcupine Fault
Zone and currently hosts a NI 43-101 resource estimate of
1,091,000 ounces indicated (31.1 Mt at 1.09 g/t Au)
plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au),
clustered within four kilometres.


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

FOR FURTHER INFORMATION, PLEASE CONTACT:
Ian C. Peres, President & CEO
416-579-3040 (Toronto)
705-264-2296 (Timmins)
iperes@monetaporcupine.com
The Company’s public documents may be accessed at
www.sedar.com. For further information on the Company,
please visit our website at
http://www.monetaporcupine.com or
email us at info@monetaporcupine.com

ONE OF THE LAST QUALITY GOLD JUNIORS TO COME OUT OF BEAR MARKET HIBERNATION: MONETA PORCUPINE -
Posted on: Sep 04, 2016



http://www.criticalinvestor.eu/analysis/gold/one-last-quality-gold-juniors-come-out-bear-market-hibernation-moneta-porcupine

Tagged: ME.TO, Extensive Analysis, Moneta Porcupine, Gold, Developer, Ontario






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by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -


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