MONETA PORCUPINE MINES INC. : http://www.monetaporcupine.com/ : QwikReport
The Nighthawk Lake Project is Moneta's second major 100% owned exploration project after the Golden Highway Project. The property transaction recently completed with St Andrew significantly enhanced Moneta's Nighthawk Lake Project.
The Cody Township claims recently acquired are contiguous to Moneta's Nighthawk Lake project and, based on previous drilling, suggest a westerly strike extension to Moneta's Collins Zone by at least 200 meters, increasing the total strike length to 700 meters, with additional untested potential continuing westerly.
The gold mineralization of the Collins Zone is hosted within a moderately northerly dipping broad zone of highly altered ultramafic volcanics in contact with overlying Timiskaming sediments. There is potential for a near-surface open pit resource given the style of gold mineralization, proximity to milling infrastructure, and potentially favorable zone geometry.
The Nighthawk "mini gold camp" east of Timmins is defined primarily by gold mineralization along the Nighthawk Break, a prominent splay striking west-southwest off the east-west trending Destor Porcupine Fault Zone ("Destor"). Moneta's Nighthawk Lake project is along the Destor, immediately north of the Nighthawk Break, defined by Goldcorp's Nighthawk Mine and other gold zones, as well as St Andrew's Aquarius Deposit.
Nighthawk Lake is a substantial property (149 claim units ~ 2500 ha.) and is located just east of Timmins along the Nighthawk Lake Break, an area with excellent infrastructure within 20km of both the Dome Mill (Goldcorp) and Bell Creek Mill (Lake Shore Gold).