Wednesday, May 19, 2021 8:59:10 PM
$Moneta Porcupine (TSX: ME): One of the Largest Undeveloped Gold Projects in North America
https://www.youtube.com/watch?v=xXeuuoHYDlw
$Moneta Porcupine (TSX: ME) Investor Update -
https://www.youtube.com/watch?v=B5YPf5HAepY
$BREAKING: Acquisition Catapults Moneta to 8.5mn Gold Ounces - IN CANADA!
https://youtu.be/MPYnd15ZNdg
$Sprott Research - Moneta a Monster Project
https://sprott.com/media/3870/210430-me-scp-initiation.pdf
$MONETA EXTENDS GOLD MINERALIZATION ON THE DISCOVERY DEPOSIT AT
GOLDEN HIGHWAY
Toronto, Ontario – April 29, 2021 -
$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
$Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP)
(“Moneta”) is pleased to announce the results from drilling on
the extensions of the Discovery Deposit
outside of the current NI 43-101 resource.
The drill holes were drilled as part of the expanded 2020/2021
winter drill program on the Golden Highway Project, 100 kilometres
(“km”) east of Timmins, Ontario.
Highlights:
Drilling has intersected significant gold mineralization to extend
the NI 43-101 underground gold
resource estimate at Discovery:
• MGH20-165, located up-dip of the current Discovery resource:
o Intersected 13.00 m @ 1.80 grams per tonne “g/t” gold “Au”,
including 3.00 m @ 3.34g/t Au,
including 1.00 m @ 4.05 g/t Au
o Intersected 4.00 m @ 2.70 g/t Au,
including 2.00 m @ 4.25 g/t Au,
including 1.00 m @
5.63 g/t Au
• MGH20-166, located west and up-dip of the current Discovery gold
resource:
o Intersected 7.00 m @ 2.06 g/t Au,
including 1.00 m @ 3.91 g/t Au
• MGH20-167, located west and down plunge of the current Discovery
resource:
o Intersected 20.40 m @ 0.89 g/t Au,
including 0.90 m @ 2.39 g/t Au
• MGH20-171, located 500 m west of the current Discovery resource:
o Intersected 6.50 m @ 1.30 g/t Au,
including 2.70 m @ 2.28 g/t Au,
including 1.00 m @
4.55 g/t Au
“We are pleased to be continuing to intersect new gold mineralization
outside of our current gold resources with our latest drilling,”
commented CEO, Gary O’Connor.
“The drilling has intersected extensions of gold mineralization at
Discovery, located on the northern splay of the Destor Porcupine
Fault Zone, north of the South West underground resource and
Windjammer South open pit deposit.
Significant gold mineralization has been intersected up to 500 m west,
150 m east and up to 100 m below
the current Discovery resource.
$The drill results highlight the opportunity to continue to expand
the underground resources at Discovery.
$The adjacent Discovery and Windjammer North underground
resources currently contain 39,100 ounces gold in the indicated
category and 191,200 ounces of gold in
the inferred category at a 3.0 g/t Au cut-off,
within a total project gold resource endowment
of 3,967,000 ounces gold indicated and
4,399,000 ounces gold inferred.”
The latest assay results are from seven (7) drill holes,
including one hole extension, for a
total of 2,680.0 m of drilling, completed as part of
the current 70,000 m 2020/2021 winter drill program.
The seven
reported holes were targeting extensions of the Discovery resource
that occurs north of the current
Windjammer South and South West resources.
Drilling was focussed on extending the mineralization to
the west and east as well as at depth.
The resource expansion drill program is continuing on the
2
Westaway, 55 Zone, South West, Windjammer South and
new Halfway areas and further results are
pending.
Discussion of Discovery Drill Results
https://www.monetaporcupine.com/uploads/ME-PR-08-2021.pdf
Figure 1: Location Map- Golden Highway Project
To view an enhanced version of Figure 1, please visit:
Figure 2: Discovery Deposit - Drill Hole Locations
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4852/82195_14d9b42b24f7daa1_003.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82195
$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
https://www.youtube.com/watch?v=xXeuuoHYDlw
https://content.jwplatform.com/videos/yBsz66rH-gJjLxEC2.mp4
$Why Invest in NewCo – Moneta Porcupine and O3 Mining Partnership
Why Invest in Moneta Porcupine?
Canada’s most prolific gold producing mining camp.
https://www.monetaporcupine.com/why-invest/
Safe jurisdiction in Timmins, Ontario with well established infrastructure.
Growing resources and new discoveries. Recent partnership with O3
$Mining’s Garrison Project to increase resources by 85% to
4.0MM gold ounces indicated and
by 32% to 4.4MM gold ounces inferred.
Moneta will hold one of the largest undeveloped gold projects
in North America.
PEA results on South West deposit proves a robust gold project
at US$1,500/ounce that produces C$236 million after-tax NPV5% and
on our new partnership with O3 Mining’s Garrison project at
US$1,450/ounce C$321 million after-tax NPV5%.
C$694 million after tax cash flow over the life of mine,
South West and Garrison combined.
Regional scale exploration potential.
Creates largest land holder by a gold development company
in the Timmins camp.
Expanding resource base.
An updated resource estimate will be announced in Q3, 2021 followed
by an updated PEA on a much larger scale for the combined projects
in early 2022.
Low cost discovery ounces.
Significant and growing resource with an active exploration program
in Timmins, surrounded by major mining firms such as Pan American
Silver, Kirkland Lake Gold, Newmont, OIII and McEwen Mining.
Insiders and investors aligned for long-term value creation.
Shareholders include Eric Sprott, K2 & Associates, Dundee Corporation,
RBC, Mackenzie Funds, US Global, 1832 Asset Management.
Potential to fast track to feasibility study and production.
Experienced management team.
https://www.monetaporcupine.com/why-invest/
$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/
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 info@monetaporcupine.com.
This news release includes certain forward-looking information and ----arry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management---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
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
https://www.youtube.com/watch?v=xXeuuoHYDlw
$Moneta Porcupine (TSX: ME) Investor Update -
https://www.youtube.com/watch?v=B5YPf5HAepY
$BREAKING: Acquisition Catapults Moneta to 8.5mn Gold Ounces - IN CANADA!
https://youtu.be/MPYnd15ZNdg
$Sprott Research - Moneta a Monster Project
https://sprott.com/media/3870/210430-me-scp-initiation.pdf
$MONETA EXTENDS GOLD MINERALIZATION ON THE DISCOVERY DEPOSIT AT
GOLDEN HIGHWAY
Toronto, Ontario – April 29, 2021 -
$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
$Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP)
(“Moneta”) is pleased to announce the results from drilling on
the extensions of the Discovery Deposit
outside of the current NI 43-101 resource.
The drill holes were drilled as part of the expanded 2020/2021
winter drill program on the Golden Highway Project, 100 kilometres
(“km”) east of Timmins, Ontario.
Highlights:
Drilling has intersected significant gold mineralization to extend
the NI 43-101 underground gold
resource estimate at Discovery:
• MGH20-165, located up-dip of the current Discovery resource:
o Intersected 13.00 m @ 1.80 grams per tonne “g/t” gold “Au”,
including 3.00 m @ 3.34g/t Au,
including 1.00 m @ 4.05 g/t Au
o Intersected 4.00 m @ 2.70 g/t Au,
including 2.00 m @ 4.25 g/t Au,
including 1.00 m @
5.63 g/t Au
• MGH20-166, located west and up-dip of the current Discovery gold
resource:
o Intersected 7.00 m @ 2.06 g/t Au,
including 1.00 m @ 3.91 g/t Au
• MGH20-167, located west and down plunge of the current Discovery
resource:
o Intersected 20.40 m @ 0.89 g/t Au,
including 0.90 m @ 2.39 g/t Au
• MGH20-171, located 500 m west of the current Discovery resource:
o Intersected 6.50 m @ 1.30 g/t Au,
including 2.70 m @ 2.28 g/t Au,
including 1.00 m @
4.55 g/t Au
“We are pleased to be continuing to intersect new gold mineralization
outside of our current gold resources with our latest drilling,”
commented CEO, Gary O’Connor.
“The drilling has intersected extensions of gold mineralization at
Discovery, located on the northern splay of the Destor Porcupine
Fault Zone, north of the South West underground resource and
Windjammer South open pit deposit.
Significant gold mineralization has been intersected up to 500 m west,
150 m east and up to 100 m below
the current Discovery resource.
$The drill results highlight the opportunity to continue to expand
the underground resources at Discovery.
$The adjacent Discovery and Windjammer North underground
resources currently contain 39,100 ounces gold in the indicated
category and 191,200 ounces of gold in
the inferred category at a 3.0 g/t Au cut-off,
within a total project gold resource endowment
of 3,967,000 ounces gold indicated and
4,399,000 ounces gold inferred.”
The latest assay results are from seven (7) drill holes,
including one hole extension, for a
total of 2,680.0 m of drilling, completed as part of
the current 70,000 m 2020/2021 winter drill program.
The seven
reported holes were targeting extensions of the Discovery resource
that occurs north of the current
Windjammer South and South West resources.
Drilling was focussed on extending the mineralization to
the west and east as well as at depth.
The resource expansion drill program is continuing on the
2
Westaway, 55 Zone, South West, Windjammer South and
new Halfway areas and further results are
pending.
Discussion of Discovery Drill Results
https://www.monetaporcupine.com/uploads/ME-PR-08-2021.pdf
Figure 1: Location Map- Golden Highway Project
To view an enhanced version of Figure 1, please visit:
Figure 2: Discovery Deposit - Drill Hole Locations
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4852/82195_14d9b42b24f7daa1_003.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82195
$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
https://www.youtube.com/watch?v=xXeuuoHYDlw
https://content.jwplatform.com/videos/yBsz66rH-gJjLxEC2.mp4
$Why Invest in NewCo – Moneta Porcupine and O3 Mining Partnership
Why Invest in Moneta Porcupine?
Canada’s most prolific gold producing mining camp.
https://www.monetaporcupine.com/why-invest/
Safe jurisdiction in Timmins, Ontario with well established infrastructure.
Growing resources and new discoveries. Recent partnership with O3
$Mining’s Garrison Project to increase resources by 85% to
4.0MM gold ounces indicated and
by 32% to 4.4MM gold ounces inferred.
Moneta will hold one of the largest undeveloped gold projects
in North America.
PEA results on South West deposit proves a robust gold project
at US$1,500/ounce that produces C$236 million after-tax NPV5% and
on our new partnership with O3 Mining’s Garrison project at
US$1,450/ounce C$321 million after-tax NPV5%.
C$694 million after tax cash flow over the life of mine,
South West and Garrison combined.
Regional scale exploration potential.
Creates largest land holder by a gold development company
in the Timmins camp.
Expanding resource base.
An updated resource estimate will be announced in Q3, 2021 followed
by an updated PEA on a much larger scale for the combined projects
in early 2022.
Low cost discovery ounces.
Significant and growing resource with an active exploration program
in Timmins, surrounded by major mining firms such as Pan American
Silver, Kirkland Lake Gold, Newmont, OIII and McEwen Mining.
Insiders and investors aligned for long-term value creation.
Shareholders include Eric Sprott, K2 & Associates, Dundee Corporation,
RBC, Mackenzie Funds, US Global, 1832 Asset Management.
Potential to fast track to feasibility study and production.
Experienced management team.
https://www.monetaporcupine.com/why-invest/
$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/
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 info@monetaporcupine.com.
This news release includes certain forward-looking information and ----arry out its anticipated goals and objectives.
Forward-looking statements are based on the current opinions and expectations of management---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
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
My opinions are my own and and DD I post should be confirmed as unbiased
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