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 -
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).
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).
Moneta's CEO, Gary O'Connor highlights the Company's high-grade gold deposit in the prolific gold producing camp at Timmins, Ont.
Moneta is one of only three junior mining companies located in the district with a large land position, advancing resources to production.
CEO Clip: Gary O'Connor | Moneta Porcupine Mines - Canada's Most Prolific Gold Mining Camp -
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. Moneta Porcupine Mines Inc. (TSX:ME, OTC:MPUCF)