Moneta Porcupine Mines Inc.Moneta Porcupine Mines Inc.
ProjectsDyment 3
Dyment 3 is comprised of a 75% vested interest in three claim units west-southwest of the 55 Zone in Michaud Township.

A total of seven holes (1,459 metres) were completed during the 2006 and 2007 programs satisfying the 75% option earn-in requirements. The geological setting is analogous to that of the 55 Zone with mineralization hosted in Timiskaming sediments in contact with the ultramafics of the Destor Porcupine Fault/Deformation Zone ("Destor"). Drilling was focused on the western portion of the option in order to be closest to the contact. Gold mineralization is hosted in discrete quartz and quartz-carbonate veins and stringers of varying widths and orientations, often within larger sericite/ankerite alteration zones. Frequent syenite dykes or potentially quartz feldspar porphyry, often pervasively hematized, moderately sericitized, and blocky intervals (fault zones) were intersected close to the ultramafic volcanic/ Timiskaming sediment contact.

Drill holes intersected multiple mineralized zones with best values as follows: MA-06-33 with 2.08 g/t over 2.55 metres (including 7.51 g/t over 0.5 metres), MA-07-35x peaked at 5.04 g/t over 0.4 metres, MA-07-41 intersected 4.70 g/t over 1.5 metres, and MA-07-42 returned up to 4.69 g/t over 0.47 metres.

The gold mineralization on Dyment 3 reaffirms the continuing gold potential of the Timiskaming sediments along the ultramafic volcanic contact including the area between the 55 Zone and Western Zone.

 
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