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
Recent ME News
- 23andMe to Report Q4 and Full Year FY2024 Financial Results • GlobeNewswire Inc. • 05/09/2024 08:50:07 PM
- Potter Handy Law Firm Represents Nearly 5,000 Clients in 23andMe Data Breach Case • Business Wire • 04/30/2024 03:00:00 PM
- 23andMe to Present Preliminary Efficacy and Biomarker Data for 23ME-00610 at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting • GlobeNewswire Inc. • 04/24/2024 08:05:00 PM
- 23andMe announces CEO’s intention to pursue a potential take-private • GlobeNewswire Inc. • 04/18/2024 12:00:00 PM
- 23andMe to Present Data on Two Clinical Stage Immuno-Oncology Programs at the American Association for Cancer Research (AACR) Annual Meeting 2024 • GlobeNewswire Inc. • 04/05/2024 08:05:00 PM
- 23andMe Initiates Phase 1 Clinical Trial for its Dual Mechanism Antibody, 23ME-01473, Targeting ULBP6 • GlobeNewswire Inc. • 03/20/2024 11:30:00 AM
- 23andMe Launches New Feature Connecting Customers to Historical Individuals from Hundreds and Even Thousands of Years Ago • GlobeNewswire Inc. • 03/19/2024 12:00:00 PM
- 23andMe Launches New Genetic Reports on Common Forms of Cancer • GlobeNewswire Inc. • 03/06/2024 12:30:00 PM
- 23andMe Announces Three Presentations from Clinical-Stage Immuno-Oncology Programs at the American Association for Cancer Research (AACR) Annual Meeting 2024 • GlobeNewswire Inc. • 03/05/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:36:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/07/2024 09:07:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:03:56 PM
- 23andMe Reports Third Quarter Fiscal 2024 Financial Results • GlobeNewswire Inc. • 02/07/2024 09:01:00 PM
- Moneta Gold and Nighthawk Gold Complete At-Market Merger to form STLLR Gold Inc. • Business Wire • 02/06/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 12:50:09 PM
- 23andMe Launches Month-Long Initiative to Amplify ARRAY’s “Seat16” Program for Acclaimed Film ORIGIN by Ava DuVernay • GlobeNewswire Inc. • 01/31/2024 03:12:36 AM
- Nighthawk Gold Obtains Final Court Order for the Proposed Arrangement • Business Wire • 01/30/2024 10:00:00 PM
- 23andMe to Report FY2024 Third Quarter Financial Results • GlobeNewswire Inc. • 01/24/2024 09:05:00 PM
- Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board • Business Wire • 01/22/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 12:45:21 PM
- 23andMe announces further expansion of 23ME-00610 Phase 1/2a clinical trial in advanced neuroendocrine and ovarian cancer patient cohorts • GlobeNewswire Inc. • 12/19/2023 01:00:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 12/01/2023 09:06:04 PM
- Nighthawk and Moneta Announce At-Market Merger to Create a Leading Canadian Gold Development Company • Business Wire • 11/28/2023 12:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 09:41:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 09:40:55 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM