MONETA PORCUPINE MINES INC. : http://www.monetaporcupine.com/ : QwikReport

News Releases

#February 08, 2018
Moneta Intersects 1.63m @ 1,078.43 G/T Gold And 4.01m @ 38.33g/T Gold At The South West Deposit

 Toronto, Ontario -- February 08, 2018 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results from five additional diamond drill holes completed on the South West Deposit ("South West") located within the Company's Golden Highway Project located approximately 110 km east of Timmins, Ontario (Figure 1).

Highlights:
  • Drill hole MGH17-062 intersected 1.63 metres ('m") @ 1,078.43 grams per tonne gold ("g/t Au") including 0.50 m @ 3,510.00 g/t Au, from a NW trending vein at a depth of 270.12 m in the western area;
  • MGH17-056 returned 4.01 m @ 38.33 g/t Au, including 0.96 m @ 144.19 g/t Au and 1.00 m @ 9.45g/t Au, at a depth of 441.50 m in a new mineralized shoot;
  • MGH17-066 intersected 3.00 m @ 7.16 g/t Au, including 1.00 m @ 14.10 g/t Au at a depth of 393.00m;
  • MGH17-060 intersected 2.16 m @ 6.7 2g/t Au at 511.58 m;
  • Holes MGH17-058, MGH17-060 and MGH17-066 confirmed the up-dip extensions of the newly identified eastern array of veins;
  • MGH17-056 also intersected the Balsam, Cedar, Pine and Spruce veins in the central area, returning 1.50 m @ 5.65 g/t Au, including 0.80 m @ 8.85 g/t Au from the Spruce vein at 545.50 m;
Gary O'Connor, Co-CEO & Chief Geologist commented, "The five latest drill holes have confirmed our new understanding at South West where additional well mineralized vein arrays were identified both west and east of the previously announced central area veins. This recent program has added several new vein occurrences and confirmed the up-dip potential from previously drilled veins at depth. The new drilling has also confirmed the occurrence of well mineralized shoots along the shear plane which occur on the Banded Iron Formation contact. The latest results include the highest assay returned to date from the Golden Highway Project of 0.50 m @ 3,510.00 g/t Au. These results are encouraging and indicate a much larger vein system than previously known, now covering an area over 800m wide. We will continue to drill the South West deposit to expand the size and confirm the grades."

The latest results are from five drill holes totalling 2,642.00 metres of drilling at South West designed to confirm and expand our new geological interpretation of the deposit, testing new zones of mineralization. The ongoing drill program continued to test high grade targets as part of the previously announced exploration drill program undertaken by the Company in late 2017 on the Golden Highway Project. The program consisted of over 20,000 metres and 50 drill holes and the encouraging results have driven the Company to expand the drill program. Assays for additional drill holes are pending and will be released as they become available.

Figure 1: South West Location Map- Golden Highway Project

South West Deposit

The ongoing drill program at South West was successful in confirming the existence of new vein arrays which were identified during the re-interpretation of the geology and mineralization in Q3, 2017 utilizing 241 historical drill holes totalling 94,127 metres of core. The NW trending and steeply SW dipping tension vein arrays occur as stacked en échelon veins along the southern margins of an ENE trending shear zone which occurs along the Banded Iron Formation (BIF) contact. Modelling to date has identified up to seven NW trending veins which dip steeply to the south-west at 70° in the central area as well as several new veins west of the Main Fault and up to eight additional new veins in the eastern area (Gap). The veins have an average width of approximately 3m and are spaced 25 m to 30 m apart. The veins occur within clastic greywacke sediments of Timiskaming age, and can be traced for up to 350 m strike length and are open to the south.

The central and eastern area vein sets have been historically drill tested to depths of up to 900 m. The new drilling in the eastern area was testing the up-dip extensions of previously drilled veins at depth. The extent of veining now occurs across an area over 800 m wide. The modelling and drill testing of the currently known and newly tested veins is continuing.

The current drilling also tested the existence of the three steeply dipping (~60° to 65°) mineralized shoots identified to date which occur along the bounding shear plane that occurs at the BIF contact to the north of the modelled veins. The shoots, or "D" structures, have been modelled and confirmed in drilling and occur as zones of strong quartz-carbonate-pyrite veining up to 50 m in length and up to 25 m wide, have been drilled to depths of 800 m and are open at depth.

The veins at South West occur as quartz-carbonate-pyrite veins occur within a distinct ankerite alteration halo occasionally associated with sericite. A zone of sulphide(pyrite)-chlorite and quartz veinlets occurs adjacent to the veins and hosts mineralization. The veins can be brecciated and occur as quartz matrix supported breccia zones.

Figure 2: South West: Geology and Drill Location Map

Drill Result Discussion

Drill hole MGH17-056 was designed to test for the occurrence of mineralized shoots which had been identified and modelled from historical drilling. The hole intersected a wide zone of quartz-carbonate-pyrite veining occurring on the BIF contact and returned 4.01 m @ 38.33 g/t Au, including 0.96 m @ 144.19 g/t Au and 1.00 m @ 9.45 g/t Au from a depth of 441.50 m. This hole also confirmed the Balsam, Cedar, Pine and Spruce veins with assays of up to 1.50 m @ 5.65 g/t Au, including 1.00 m @ 8.85 g/t Au, at 545.00 m depth from the Spruce Vein.

Drill hole MGH17-062 was drilled to test for NW trending veins west of the Main Fault. The drill hole intersected up to 4 veins including one which returned 1.63 m @ 1,078.43g/t Au, including 0.50 m @ 3,510.00 g/t Au, at a depth of 270.12 m.

Drill holes MGH17-058, MGH17-060 and MGH17-066 were drilled in the eastern area of South West. These holes were designed to test for the up-dip extensions of veins previously intersected at depth below the central area. The drilling intersected up to 8 new veins with results returned up to 3.00 m @ 7.16 g/t Au, including 1.00 m @ 14.10 g/t Au at 393.00 m depth and 2.16 m @ 6.72 g/t Au at a depth of 511.58 m.

Figure 3: South West: Schematic Cross Section


Table 1: South West: Significant Drill Results


Table 2: Drill Hole Details

QA/QC Procedures

All core drilling conducted by Moneta is oriented. Drill core is sawn and half and is sent to ALS Canada Inc. for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). A 50 g charge is Fire Assayed and analyzed using a AAS finish for Gold. Samples above 10.00 g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1.00 kg sample. Moneta inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates with the samples, as well as completing third-party check assays at Activation Laboratories Ltd. Gary O'Connor, MAusIMM is a qualified person under NI 43-101 and has reviewed and approved the contents of this press release.

About Moneta

The Company holds a 100% interest in 5 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 projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ultramafic/mafic volcanic/sedimentary rocks along the DPFZ hosting a NI 43-101 indicated resource estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O'Connor, Co-CEO
416-357-3319

Ian C. Peres, President & Co-CEO
416-579-3040
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.
File: http://www.monetaporcupine.com/i/pdf/ME-PR-03-2018.pdf
 1596 KB, approx. 4 minutes, 58 seconds at 56.6Kbps
 
#January 18, 2018
Moneta intersects all veins in new South West interpretation, returns up to 3.0m @ 7.13g/t Gold and 3.0m @ 7.01g/t Gold

 Toronto, Ontario -- January 18, 2018 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta or the "Company") is pleased to announce that it has completed the first drill hole (MGH17-051) to test the new structural interpretation of the South West target located within the Company's Golden Highway Project located approximately 110km east of Timmins, Ontario (Figure 1).

Highlights:
  • Drill hole MGH17-051 intersected all 6 veins (i.e. Spruce, Pine, Cedar, Balsam, Birch, Elm), modelled in the new interpretation of a stacked array of en-échelon veins at South West and intersected an additional 7+ new veins;
  • MGH17-051 intersected 3.00m @ 7.13g/t Au from the Cedar vein within a zone of 4.0m @ 5.84g/t Au from 565.0m and 3.0m @ 7.01g/t Au from the Pine Vein at 636.0m;
  • The other 4 veins returned significant intercepts: Elm: 2.0m @ 2.67g/t Au at 440.0m, Birch: 1.0m @ 4.81g/t Au from 478.0m, Balsam: 1.0m @ 2.19g/t Au at 528.0m, Spruce: 2.0m @ 2.24g/t Au at 645.0m;
  • The drill hole intersected a possible 7th vein (Tamarack?) at a depth of 369.0m intersecting 2.30m @ 5.03g/t Au (including 1.0m @ 7.05g/t Au) west of Elm;
  • MGH17-051 intersected 7 other veins that have not been modelled which returned up to 1.10m @ 3.81g/t Au at 410.0m, 2.50m @ 2.49g/t Au at 426.0m and 3.10m @ 2.70g/t Au from 478.0m
"During 2017 the Company completed an extensive re-interpretation of mineralization previously intersected at South West. The program resulted in the recognition and modelling of an array of stacked en échelon NW trending, SW steeply dipping, quartz-carbonate-pyrite veins. Initial modelling has been completed on 6 of these veins. The first hole to test this new interpretation has confirmed the existence, location and grades of the 6 interpreted veins with several additional veins also being intersected. We are encouraged by the results and will continue to drill test the potential size and gold tenor of the South West vein system" commented Gary O'Connor, Co-CEO & Chief Geologist.

The South West drill program is part of the previously announced 2017 exploration drill program undertaken by the Company to test higher grade targets on the Golden Highway Project which consisted of over 20,000m and 50 drill holes. Drill hole MGH17-051 was the first drill hole designed at South West to drill test the 6 new modelled veins as part of an 8,500m program in 14 holes. The significant results returned from hole MGH17-051 are included in Table 1 and figures showing the location of the hole on cross section (Figure 2). Long sections for each of the 6 veins with "grade-thickness" colour contours generated from over 60 historical drill holes with the pierce points of hole MGH17-051 are included (Figure 3, Figure 4 and Figure 5). The encouraging results will result in the expansion of the drill program. Assays for other drill holes are pending and will be released as they become available.



South West Area
The re-interpretation of the mineralization at South West, utilizing 241 historical drill holes comprised of 94,127m of core, resulted in the interpretation of a tension vein array occurring as stacked en échelon veins within an ENE trending shear zone. Modelling to date has identified six NW (310°) trending veins which dip steeply to the south-west at 70°, have an average width of approximately 3m to 4m and are spaced 25m to 30m apart. The veins occur south of the main banded iron formation in the central block at South West within clastic greywacke sediments of Timiskaming age and can be traced for up to 350m and are open to the south. A new and possibly 7th vein (Tamarack?) was intersected west of Elm Vein at a depth of 369.0m and returned 2.30m @ 5.03g/t Au (including 1.0m @ 7.05g/t Au) in addition to several other new veins.

Modelling of the veins has been conducted down to 350m to 400m and historical drilling of the veins has been completed as deep as 900m. The deeper extensions of the veins have not been modelled due to the amount of drilling however the individual veins can be traced to depth. Additional NW trending veins have been identified from historical drilling and are currently being modelled and drill tested. Additional vein sets trending 340° (NNW) and dipping to the west have also been identified as have riedel shear veins trending ~NE and dipping to the north. Steeply dipping mineralized shoots have also been recognised along the north bounding shear plane which occurs at the BIF contact. These are also currently being interpreted, modelled and drill tested.

The quartz-carbonate-pyrite veins occur within a distinct ankerite alteration halo occasionally associated with sericite. A zone of sulphide(pyrite)-chlorite and quartz veinlets occurs adjacent to the veins and hosts mineralization. The veins can be brecciated and occur as quartz matrix supported breccia zones.













QA/QC Procedures
All core drilling conducted by Moneta is oriented. Drill core is sawn and half is sent for drying and crushing to -2mm, with a 1kg split pulverized to -75µm (200#). A 50g charge is Fire Assayed and analyzed using a AAS finish for Gold. Samples above 10g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1kg sample. Moneta inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates with the samples, as well as completing third-party check assays at a second laboratory. Gary O'Connor, MAusIMM has reviewed and approved the contents of this press release.

About Moneta
The Company holds a 100% interest in 5 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 projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ultramafic/mafic volcanic/sedimentary rocks along the DPFZ hosting a NI 43-101 indicated resource estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O'Connor, Co-CEO
416-357-3319

Ian C. Peres, President & Co-CEO
416-579-3040

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.
File: http://www.monetaporcupine.com/i/pdf/2018-01-18_NR.pdf
 1234 KB, approx. 3 minutes, 51 seconds at 56.6Kbps
 
#January 16, 2018
Moneta drilling returns up 14.88m @ 3.35g/t Gold and 3.0m @ 5.24g/t Gold at Discovery Area

 Toronto, Ontario -- January 16, 2018 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the "Company") is pleased to announce the results of the first three drill holes of a five hole program drilled in the Discovery Area as part of the 2017 drill program on the Golden Highway Project, located 110km east of Timmins in Ontario. The Discovery Area is located outside of the December 2012 NI 43-101 gold resource.

Highlights:

  • Upper Zone: Drill hole MGH17-037 returned assays of up to 32.87m @ 2.71g/t Au from 338.13m (including 14.88m @ 3.35g/t Au at 339.0m and 10.0m @ 2.89g/t Au at 357.0m) and 1.60m @ 6.04g/t Au from 273.40m in hole MGH17-038;
  • Contact Zone: Drilling has returned up to 3.0m @ 5.24g/t Au (including 1.0m @ 10.75g/t Au) from drill hole MGH17-038 at a depth of 558.0m;
  • Drilling of the upper quartz veining and breccia zones at the Discovery Area confirmed wider widths 50m east of 2014 drilling that assayed up to 11.2m @ 5.44g/t Au;
  • Drill results have extended the high-grade gold at the sediment-ultramafic Contact Zone, 50m to the east at depth where 2014 drilling returned 7.20m @ 6.24g/t Au.

"The results from the first three drill holes drilled in the Discovery Area are the first of a series of drilling results from our 2017 drill program to released. We are encouraged by the Discovery Area drill results as they have confirmed and expanded our new interpretation of an array of steeply south dipping gold mineralized quartz veins and breccia zones associated with intrusive dykes at shallow depths linking to deeper zones of gold mineralization along the sediment-ultramafic contact. Known mineralization was extended by over 100m in the two zones within the Discovery Area and has now extended mineralization to over 500m of strike length. The results of the final two drill holes will enable the Company to finalize future drill plans for delineating the zones of mineralization," commented Co-CEO and Chief Geologist, Gary O'Connor.

During the final quarter of 2017, Moneta completed five diamond drill holes in the Discovery Area for a total of 3,116.6m as part of the Company's 2017 exploration drill program which consisted of over 20,000m drilled in more than 50 drill holes, in total. The significant assay results for three of the five holes completed are included in Table 1 below and the drill locations are shown in Figure 2. Details of the drill holes are included as Table 2. The assay results for the final two drill holes (MGH17-045 and MGH17-048) of the five drill hole program at Discovery Area are pending.

Discovery Area
The Discovery Area (see Figure 1) includes an Upper Zone and Contact Zone and is located on a southern splay of the Destor Porcupine Fault Zone (DPFZ) and hosted within altered komatiitic ultramafic rocks of the Kidd-Munro assemblage to the north and the sheared fault contact with greywacke units of the Timiskaming age sedimentary rocks to the south. The faulted contact dips steeply to the north (~80°) in this area. The host rocks have been intruded by a series of roughly ENE (070°) trending steeply south dipping Timiskaming age quartz feldspar, syenite to lamprophyre porphyry dykes (QFP) spatially associated with quartz vein hosted gold mineralization.

Figure 1: Discovery Area - Golden Highway Project Location Map

Figure 2: Discovery Area: Drill Location Map

Discovery Area - Upper Zone
To the north the Discovery Area hosts a series of steeply south dipping interconnecting zones of strong quartz veining, including stock-work veining and brecciation, occurring along structures associated with the QFP dykes within altered ultramafic to mafic units. The veining has been traced for over 500m strike length with a total vertical height of over 400m. The south dipping zones of mineralization occur over aggregate widths of over 80m, averaging 35m. The individual mineralized zones dip at the same orientation as the DPFZ and are noted by chlorite-pyrite alteration. An interpretative section (Figure 3) shows the structural setting of the upper zone and significant drill results are included in Table 1.

Drill hole MGH17-037 extended the known mineralization to the east and returned 14.88m @ 3.35g/t Au from a depth of 339.0m (including 1.69m @ 6.19g/t Au at 344.50m and 1.88m @ 7.65g/t Au at 352.0m) in drill hole MGH17-37 within a wider zone of 32.87m @ 2.71g/t from 338.12m depth. This occurs 25m east of previous hole MGH13-100 (14.80m @ 3.44g/t Au).

Drilling of the Upper Zone in hole MGH17-038 intersected three zones of 3.0m @ 2.16g/t Au at 131.5m, 1.58m @ 2.48g/t Au from 142.65m and 1.60m @ 6.04g/t Au at 273.40m, located 50m east of hole MGH17-037. The mineralization on this section is confined to more narrow structures. Drill hole MGH17-041 was drilled under and to the north of the extensions of the Upper Zone.

Figure 3: Discovery Area - Upper Zone: Cross Section

Discovery Area - Contact Zone
The deeper Contact Zone to the south is connected to and linked with the Upper Zones and dips steeply to the north (see Figure 4, interpretive cross section) and occurs associated with and parallel to the sediment-ultramafic contact trending ~070° (ENE). The deeper zones also occur as gold mineralized quartz veining, stock-work and breccias often with altered QFP clasts. The mineralization is associated with pyrite-chlorite and ankerite alteration within the sediments. These zones are narrower (5m to 20m) and potentially higher grade. The deeper zone has been traced for ~200m strike length.

Results from drill hole MGH17-038 in the Contact Zone returned results of up to 5.0m @ 3.73g/t Au at 558.0m including 3.0m @ 5.24g/t Au from 558.0m (including 1.0m @ 10.75g/t Au at 558.0m) located south of the contact within the sediments in contact with a late gabbro dyke. This zone is located some 50m below and to the east of historical hole MGH13-089 (7.2m @ 6.29g/t Au). This zone is interpreted as a second and related gold zone. Hole MGH17-037 was drilled 50m west and above hole MGH13-089 and did not intersect the western extensions of the Contact Zone.

Drill hole MGH17-041 intersected a large zone (20m) of quartz veining adjacent to the contact associated with chlorite-pyrite alteration hosted in ankerite altered ultramafic units from 555.0m to 575.0m depth and returned assays of 2.0m @ 2.30g/t Au at 559.0m, 1.0m @ 2.39g/t Au from 563.0m and 0.70m @ 2.10g/t Au at 572.40m. This quartz vein zone is interpreted to be the eastern extension (50m) of the zone intersected in hole MGH13-089.

Drill hole MGH17-045 tested the Contact Zone another 50m deeper than MGH17-038 on the same section and drill hole MGH17-048 was drilled another 50m to the east and north of MGH17-041. The assay results from these two holes are pending. Future drill plans to delineate the zones of mineralization at Discovery Area will be made upon receipt of these assay results.

Figure 4: Discovery Area - Contact Zone: Cross Section

Table 1: Discovery Area: Significant Drill Results

Table 2: Discovery Area: Drill Hole Details

QA/QC Procedures
All core drilling conducted by Moneta is oriented. Drill core is sawn and half sent for drying and crushing to -2mm, with a 1kg split pulverized to -75µm (200#). A 50g charge is Fire Assayed and analyzed using a AAS finish for Gold. Samples above 10g/t Au are analyzed by Fire Assay with a gravimetric finish and selected samples with visible gold or high-grade mineralization are assayed by Metallic Screen Fire Assay on a 1kg sample.  Moneta inserts independent certified reference material and blanks with the samples and assays routine pulp repeats and coarse reject sample duplicates with the samples, as well as completing third-party check assays at a second laboratory. Gary O'Connor, MAusIMM has reviewed and approved the contents of this press release.

About Moneta
Moneta holds a 100% interest in 5 core gold projects strategically located along the Destor-Porcupine Fault Zone within the Timmins Gold Camp which has over 85 million ounces of past gold production. The projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, Kayoram and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ultramafic/mafic volcanic/sedimentary rocks along the DPFZ hosting a historical NI 43-101 indicated resource estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O'Connor, Co-CEO
416-357-3319

Ian C. Peres, President & Co-CEO
416-579-3040


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 .

This news release includes certain forward-looking statements concerning the closing of the Offering, the use of proceeds of the Offering, future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

File: http://www.monetaporcupine.com/i/pdf/2018-01-16_NR_ME_REV.pdf
 382 KB, approx. 1 minute, 12 seconds at 56.6Kbps
 
#November 10, 2017
Moneta announces appointment to Board of Directors

 Toronto, Ontario -- November 10, 2017 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Company") is pleased to announce the appointment of Rodney A. Cooper to the Board of Directors, subject to regulatory approval.

Rodney A. Cooper, P.Eng., MBA, is a professional engineer who, from 2011 to 2017, was President and Chief Operating Officer of Labrador Iron Mines Limited where he maintained stakeholder relationships including several complex agreements with First Nations, multiple rail and port logistic agreements, and negotiations with the Quebec and Newfoundland provincial regulatory regimes. He was actively involved in approximately $100 million in equity financings and $30 million streaming deal financing. He was also instrumental in negotiating a $30 million joint venture with Tata Steel on one deposit.

From 2009 to 2011, Mr. Cooper was Vice President and Senior Mining Analyst at Dundee Securities where he covered 17 listed companies in the commodity space, of which 7 became the targets of successful mergers and acquisitions. During his tenure he was actively involved in equity and debt deals exceeding $5 billion in value.

From 2000 to 2009, Mr. Cooper was Vice President, Technical Services in the corporate office of Kinross Gold Corporation where he established a team of engineers and geologists responsible for project evaluation, project development, technical and economic studies and for the integrity of the resource and reserve base and reporting system. He worked extensively with the operating mines and projects in Ontario, Alaska, Nevada, Washington, Nunavut, Russia, Zimbabwe, Chile and Brazil. He successfully implemented a complex geotechnical and mine closure effort for 14 historical mines simultaneously, in joint venture with the Ontario Ministry of Northern Development and Mines, in and around Timmins, Ontario. The program was completed under budget and a year ahead of schedule, paving the way for the formation of the Porcupine Joint Venture with Placer Dome, which effectively consolidated gold assets in the Timmins Gold Camp. The assets are now owned and successfully operated by Goldcorp.

About Moneta

The Company holds a 100% interest in 5 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 projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ultramafic/mafic volcanic/sedimentary rocks along the DPFZ hosting a NI 43-101 indicated resource estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, Co-CEO
416-357-3319

Ian C. Peres, President & Co-CEO
416-579-3040


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.
File: http://www.monetaporcupine.com/i/pdf/NOV-10-2017.pdf
 647 KB, approx. 2 minutes, 1 second at 56.6Kbps
 
#October 05, 2017
Moneta commences drilling Windjammer North to follow-up on historical high-grade intercepts

 Toronto, Ontario -- October 5, 2017 - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) (the "Company") is pleased to announce that it has mobilized a third diamond drill rig to test new targets generated through a technical review of its gold projects and has commenced diamond drilling on the Windjammer North target within the Company's Golden Highway Project located approximately 110km east of Timmins, Ontario (see link below).

Highlights:
  • The Company has mobilized a third drill, with plans to add a fourth drill, to test new drill targets on the Golden Highway Project;
  • Windjammer North is the third of the new targets to be drill tested;
  • The Windjammer North Zone consists of five west plunging zones up to 50m wide and over 400m in strike length, located within sheared altered ultramafic rocks;
  • Sampling of previously un-sampled core returned up to 0.76m @ 20.31g/t Au and 0.90m @ 6.18g/t Au from hole WJ-88-38 at Windjammer North;
  • Historical results from previous drilling of up to 8.10m @ 10.69g/t Au and 7.80m @ 7.86g/t Au have been returned from this new target area.
Windjammer North Zone

The Windjammer North Zone (see link) is located immediately south of, and parallel to the regional Destor-Porcupine Fault Zone ("DPFS"), trending ENE (070°) and hosted primarily within altered komatiitic ultramafic rocks of the Kidd-Munro assemblage. The target zone consists of at least five west plunging (~25°W) zones up to 50m wide, that can be traced for over 400m along strike (see link). The zones show an aggregate thickness of over 100m.

The zone contains massive to brecciated ultramafic metavolcanics that have been altered to grey to green-grey fuchsitic carbonate in the western and central portion of the zone with more mafic metavolcanics to the east displaying albite bleaching and sericite alteration. Fracture-filling chlorite and specular hematite are common. Gold mineralization is associated with pyrite-rich white to light grey quartz veining and veinlets. The structural corridor has been intruded by variably altered felsic intrusive dykes.

The current drill program consists of a total of 6 drill holes for 3,060m designed to confirm and test the size and grade potential including the eastern and western extensions of the mineralized zones at Windjammer North. The western most of the holes will test the western extensions between the main modelled zones and hole WJ-88-38 which returned significant grades from infill core sampling conducted during 2017 (see link).

For a Golden Highway Project Location Map, please click on the following link:
http://www.monetaporcupine.com/i/maps/2017-10-04-figure-1.jpg

For a Windjammer North Location Map, please click on the following link:
http://www.monetaporcupine.com/i/maps/2017-10-04-figure-2.jpg

For Selected Historical Drill Results from the Windjammer North Zone, please click here:
http://www.monetaporcupine.com/i/maps/2017-10-04-table-1.jpg

For a Long Section of the Windjammer North Zone, please click on the following link:
http://www.monetaporcupine.com/i/maps/2017-10-04-figure-3.jpg

For Significant Results from the 2017 Core Sampling Program, please click on the following link:
http://www.monetaporcupine.com/i/maps/2017-10-04-table-2.jpg

Core Sampling Program

The diamond core resampling program conducted over the summer of 2017 included the sampling of historical drill core which had not been previously sampled, but has been identified as possible extensions to newly identified zones that were not previously recognized. Hole WJ-88-38 is located ~150m from the nearest hole at Windjammer North and displayed similar alteration and mineralization to the zones identified to the east. Resampling of drill core from drill hole WJ-88-38 returned assays of 0.76m @ 20.31g/t Au at a depth of 267.0m and 0.90m @ 6.18g/t Au at a depth of 185.2m (see link). The intercepts are from quartz veined, green carbonate altered ultramafic rocks. The intercepts are interpreted to be extensions of the newly identified west plunging mineralization zones and the current drill program will test the western extensions of the zones that have not been systematically drilled.

Strategic Target Review

As part of the 2017 strategic technical review of all its projects and targets within the Company's portfolio of gold projects within the Timmins Gold Camp, the Company also completed resampling of historical core from areas adjacent to newly defined zones which had not been previously sampled. The project review process also included the re-logging and re-interpretation of the geology, mineralization and structural setting of historical targets with a focus on higher grade targets. Due to the size and grade potential of the targets generated by the strategic review, the Company is systematically drill testing a number of these targets commencing with the Discovery and LC Zones and now the Windjammer North target. The new targets generated will be drill tested within the current ~20,000m program, which is to be completed by the end of the year with up to 4 drill rigs. The Company is currently reviewing targets from the North Tisdale and Nighthawk Lake project areas.

QA/QC Procedures

For the assays reported in this release from the re-sampling program, the core was sawn and half sent for drying and crushing to -2mm, with a 250g split pulverized to -75µm (200#). A 30g charge was analyzed by Fire Assay with a gravimetric finish. For the re-sampling program the Company inserted independent certified reference material, blanks, and pulp repeats with the samples and completed third-party check assays at an independent laboratory. Gary O'Connor, MAusIMM has reviewed and approved the contents of this press release.

About Moneta

The Company holds a 100% interest in 5 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 projects consist of the Golden Highway, North Tisdale, Nighthawk Lake, Kayorum and Denton projects. The Golden Highway Project covers 12 kilometres of prospective ultramafic/mafic volcanic/sedimentary rocks along the DPFZ hosting a NI 43-101 indicated resource estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O'Connor, Co-CEO
416-357-3319

Ian C. Peres, President & Co-CEO
416-579-3040


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.
File: http://www.monetaporcupine.com/i/pdf/OCT-5-2017-NR.pdf
 691 KB, approx. 2 minutes, 10 seconds at 56.6Kbps
 

Copyright © 2018 by Moneta Porcupine Mines Inc.   All rights reserved worldwide.
For more information, send questions and comments to
This page was created on Tue Aug 14, 2018 at 3:47:28 AM Pacific Time.