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Moneta's Resource Expansion Drilling at Gap Connects South West Deposit with the Windjammer South Open Pit Gold Deposit
T.ME |
18 hours ago
https://www.newsfilecorp.com/release/104783
DOLLAR DEMISE: The end of the dollar is just one announcement away
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THERE WILL BE NO WARNING SIGNS BEFORE THE DOLLAR COLLAPSE
WATCH
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$The debt will bring back The Gold Standard -
https://www.usdebtclock.org/
Yes; It will be the most eventful day for this country in our life times -
Yes, and its a reason why I invest in MMY 
)
https://investorshub.advfn.com/Monument-Mining-Ltd-20464
In GOD We Trust - Real Money -
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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
The debt will bring back The Gold Standard -
https://www.usdebtclock.org/
God Bless America
Ps.
opinion appreciated
TIA
Previous | Next
Moneta Continues to Expand the Westaway Gold Deposit with up to
7.00 m @ 5.44 g/t Gold
Including 2.00 m @ 8.38 g/t Gold
Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) is pleased to
announce new results from two additional drill holes and additional
results from twenty (20) previously partially released holes
drilled to test the resource …
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164056539
https://www.monetaporcupine.com/news/press-releases/news-details/2021/Moneta-Continues-to-Expand-the-Westaway-Gold-Deposit-with-up-to-7.00-m--5.44-gt-Gold-Including-2.00-m--8.38-gt-Gold/default.aspx
$Moneta Porcupine Mines ME.C Analysis;
http://www.stockta.com/cgi-bin/analysis.pl?symb=ME.C&cobrand=&mode=stock
Contact Information
Address
65 Third Avenue, Timmins, ON, CA, P4N 1C2
Telephone
+1 416 320-9296
Website
https://www.monetaporcupine.com
Facisimile
Email
info@monetaporcupine.com
Details
CEO
Gary O'Connor
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
Looks poised to bust out (soon?) of its' months-long side trending channel
Yeah....,.I see .46 real soon......Everything appears to be comin' together
Do please lemme know will ya' the instant ya' see that it has hit .405
Awwww - Couldn't they've come up with a better damned symbol though ?
(TSX: ME; OTCQX: MEAUF).............?????
Gary's presentation in Germany
says Gary in the presentation
1/significantly higher production scenario than the two PEA's individually...combined PEA
2/significantly lower costs AISC for combined underground and open Pit than $700 USD
3?significantly higher resource of indicated and inferred coming.
Next we should see the drill results from Westaway which is the underground
and I hope will be a continuation of the good results that were discovered
during the last drill program on this new area.
by Frances1
Fenn Gibb valued at $65 an ounce compared to ME $25
https://mayfairgold.ca/fenn-gibb/
https://mayfairgold.ca
Interesting to find that Mayfair Gold acquired the Fenn Gibb property
from PAAS.
They have a market cap of $130m with a low grade 2M ounce resource.
We have 8+M ounce resource and are trading at a little of $200m.
I have always thought the Fenn Gibb would be good for ME
however now that it is valued at this price probably not.
$Nice to see that they get rewarded by the market with $65 per ounce
and if that was consistent for ME's resource 5 miles away
our market cap would be north of $500M. )
Our current Marketcap only about 220 mil.
$bigone thanks; This is getting to be very sizable.
What a delicious big
one this would be for one of the top 10 miners.
The price target mentioned of $0.65 CA is 64 % above today's closing
share price of $0.395 CA.
Wonder if it will be bought out before summer's end?
With more discoveries and assuming a strong or stronger gold price
would $1.00 CA be out of line???
$Moneta Porcupine Mines ME.C Analysis;
http://www.stockta.com/cgi-bin/analysis.pl?symb=ME.C&cobrand=&mode=stock
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
Register Now - ME presentation May 25th!
Free registration: https://bit.ly/2QwKVtL
Fenn Gibb valued at $65 an ounce compared to ME $25
https://mayfairgold.ca/fenn-gibb/
https://mayfairgold.ca
Interesting to find that Mayfair Gold acquired the Fenn Gibb property
from PAAS.
They have a market cap of $130m with a low grade 2M ounce resource.
We have 8+M ounce resource and are trading at a little of $200m.
I have always thought the Fenn Gibb would be good for ME
however now that it is valued at this price probably not.
$Nice to see that they get rewarded by the market with $65 per ounce
and if that was consistent for ME's resource 5 miles away
our market cap would be north of $500M. )
Our current Marketcap only about 220 mil.
$bigone thanks; This is getting to be very sizable.
What a delicious big
one this would be for one of the top 10 miners.
The price target mentioned of $0.65 CA is 64 % above today's closing
share price of $0.395 CA.
Wonder if it will be bought out before summer's end?
With more discoveries and assuming a strong or stronger gold price
would $1.00 CA be out of line???
$Moneta Porcupine Mines ME.C Analysis;
http://www.stockta.com/cgi-bin/analysis.pl?symb=ME.C&cobrand=&mode=stock
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163918262
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
$bigone thanks; This is getting to be very sizable. What a delicious big
bone this would be for one of the top 10 miners.
The price target mentioned of $0.65 CA is 64 % above today's closing
share price of $0.395 CA.
Wonder if it will be bought out before summer's end?
With more discoveries and assuming a strong or stronger gold price
would $1.00 CA be out of line???
$Moneta Porcupine Mines ME.C Analysis;
http://www.stockta.com/cgi-bin/analysis.pl?symb=ME.C&cobrand=&mode=stock
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163918262
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
$bigone thanks; FED is NWO and want all gold for themself but this
ex......for us;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163928929
Judy Shelton is a great economist and senior fellow at
the Independent Institute and author of Money Meltdown -
to follow;
https://www.aier.org/staffs/judy-shelton/
RE: This is getting to be very sizable.... well I am a
long time old shareholder of Moneta since more than 25yrs back and
Moneta ME is one of the 1st mining companies listed on Toronto TSE =
since 1911 I think by memo -
Ex.
All the mining properties ME own are 1st class - some great old mines -
but they all need more drilling to please the governments new rules
etc.
Moneta is a great old company and it be good if ME only sell or JV out
the newly drilled Golden Highway and move to drill the next etc.
IMO!
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
$bigone thanks; Judy Shelton is a great economist and senior fellow at
the Independent Institute and author of Money Meltdown -
to follow;
https://www.aier.org/staffs/judy-shelton/
RE: This is getting to be very sizable.... well I am a
long time old shareholder of Moneta since more than 25yrs back and
Moneta ME is one of the 1st mining companies listed on Toronto TSE =
since 1911 I think by memo -
Ex.
All the mining properties ME own are 1st class - some great old mines -
but they all need more drilling to please the governments new rules
etc.
Moneta is a great old company and it be good if ME only sell or JV out
the newly drilled Golden Highway and move to drill the next etc.
IMO!
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
bigone thanks; RE: This is getting to be very sizable.... well I am a
long time old shareholder of Moneta since more than 25yrs back and
Moneta ME is one of the 1st mining companies listed on Toronto TSE =
since 1911 I think by memo -
Ex.
All the mining properties ME own are 1st class - some great old mines -
but they all need more drilling to please the governments new rules
etc.
Moneta is a great old company and it be good if ME only sell or JV out
the newly drilled Golden Highway and move to drill the next etc.
IMO!
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
$Moneta Porcupine (TSX: ME): One of the Largest Undeveloped Gold Projects in North America
) 
$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.
) $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.
) Moneta Porcupine Mines have drilled 35,000 metres out of 70,000 already.
I got this info from Investor relations.
There probably analyzing all the recent results to get a proper picture
of the results before releasing anymore results which I'm sure they
have received.
The Ceo Gary is very thorough and experienced and probably wants to
give a detailed analysis of the results.
by Danno13
i have a good source its easily 10 million oz of Au at end of year )
by bigmoneynowhamm
Yes for sure; Moneta gets stronger with a lot of drilling done )
https://www.monetaporcupine.com
Moneta Extends Gold Mineralization at the South West & Windjammer South
Deposits at Golden Highway
TSE:ME
https://www.monetaporcupine.com/uploads/ME-PR-07-2021.pdf
Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta") is pleased to announce the results from
four (4) holes drilled to test the Gap Zone between the current
NI 43-101 South West underground and Windjammer South open pit deposits.
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 (Figure 1).
Highlights:
Drilling has intersected significant gold mineralization in an area,
covering 700 metres ('m") strike length and 200 m width,
not currently included in any NI 43-101 resource estimate:
MGH21-174, located outside the current Windjammer open pit and 150 m
south of the current South West resource:
Intersected 32.00 m @ 1.63 grams per tonne "g/t" gold "Au" including
6.3 5 m @ 3.21 g/t Au including 1.00 m @ 7.62 g/t Au,
plus 6.60 m @ 2.91 g/t Au including 0.85 m @ 8.05 g/t Au
Intersected 7.60 m @ 2.04 g/t Au, including 1.65 m @ 6.36 g/t Au,
including 0.95 m @ 8.59 g/t Au
Intersected 12.00 m @ 1.57 g/t Au, including 1.05 m @ 5.82 g/t Au
MGH21-175, located outside the current Windjammer open pit and
150 m south of the current South West resource:
Intersected 9.10 m @ 2.02 g/t Au, including 0.70 m @ 9.24 g/t Au
Intersected 19.70 m @ 0.94 g/t Au, including 0.60 m @ 8.43 g/t Au
MGH20-168, located outside the current Windjammer open pit and
200 m east of the current South West resource:
Intersected 4.00 m @ 3.54 g/t Au, including 1.00m @ 8.54 g/t Au
"We are pleased to have intersected significant new gold mineralization
outside of our current gold resources with our latest drilling," commented
CEO, Gary O'Connor.
"The drilling has intersected gold mineralization within the Gap area, located
between the current South West underground deposit and
Windjammer South open pit deposit.
Significant gold mineralization has been intersected up to 150 m south
of and over a strike length of 700 m between the South West and
Windjammer South resources.
The drill results highlight the opportunity to significantly expand the
open pit and underground gold resources at Windjammer South and
South West respectively.
The Windjammer South open pit resource currently contains
1.10 million ounces "Moz" gold indicated resources and
1.05 Moz gold inferred resources at a 0.3 g/t Au cut-off and t
he current underground resource at South West currently
contains 0.59 Moz gold indicated and 1.24 Moz gold inferred resources
at a 2.6 g/t cut-off within a total project gold resource endowment of
4.00 Moz gold indicated and 4.40 Moz gold inferred."
The latest assay results are from four (4) drill holes for a total of 2,872.0 m of drilling, completed as part of the current 70,000 m 2020/2021 winter drill program.
The four reported holes were targeting the Gap zone which occurs between the current Windjammer South and South West resources in an area which has no currently defined gold resources.
Drilling was focussed on extending the South West mineralization to the south, where it remains open, and connect the Windjammer South and South West resources. Windjammer South currently hosts an indicated resource of 40.59 Mt @ 0.84 g/t Au in the indicated category for 1.10 Moz contained gold and 29.10 Mt @ 1.12 g/t Au in the
inferred category for 1.05 Moz contained gold.
South West currently hosts an indicated resource of 4.53 Mt @ 4.07 g/t Au for 0.59 Moz contained gold and 9.61 Mt @ 4.01 g/t Au for 1.24 Moz contained gold in the inferred category. The open pit resource estimate at Westaway was estimated at a 0.30 g/t Au cut-off and the underground resource estimate at South West at a 2.60 g/t Au cut-off. The resource expansion drill program is continuing and further results are pending.
Discussion of Drill Results
Gap Zone
Four (4) drill holes were drilled to test the Gap zone located between, and to the south, of the current Windjammer South open pit and South West underground gold resources. The holes were targeting the extensions of steep high grade Gap veins at South West as well as the western extensions of the wide shallow dipping stacked mineralized veins drilled and modeled at Windjammer South. The drilling was conducted to test a 700 m long and 200 m wide corridor which has not historically been drill tested or included in any resource estimates.
Drill hole MGH20-168 was collared 200 m east of the current South West resource and 300 m west of the current Windjammer South resource and was designed to connect the current resources. MGH20-168 intersected zones of gold mineralization up to 4.00 m @ 3.54 g/t Au including 1.00 m @ 8.54 g/t Au, 12.00 m @ 0.64 g/t Au including 2.98 m @ 1.25 g/t Au, and 11.00 m @ 0.53 g/t Au including 2.00 m @ 1.99 g/t Au and 11.00 m @ 0.47 g/t Au. The drilling confirmed the western extensions of the Windjammer South mineralization and extended the zones to depth.
Drill hole MGH20-172 was drilled over 100 m south of current steep high grade Gap veins at South West and 400 m west of the mineral resource at Windjammer south. MGH20-172 intersected up to 9.50 m @ 1.20 g/t Au including 0.70 m @ 3.17 g/t Au, 10.00 m @ 1.05 g/t Au including 1.00 m @ 2.05 g/t Au and 12.00 m @ 0.59 g/t Au including 1.50 m @ 3.42 g/t Au. The drill holes extended mineralization significantly to the south of South West and to the west of Windjammer South.
Drill hole MGH21-174 was drilled over 100 m south of the current steep high grade Gap veins at South West and 600 m west of the mineral resource at Windjammer South. Drill hole MGH21-174 intersected up to 12.00 m @ 1.57 g/t Au including 1.05 m @ 5.82 g/t Au, 7.60 m @ 2.04 g/t Au including 1.65 m @ 6.36 g/t Au including 0.95 m @ 8.59 g/t Au, 10.00 m @ 1.64 g/t Au including 1.50 m @ 4.20 g/t Au and 1.50 m @3.21 g/t Au and 32.00 m @ 1.63 g/t Au including 1.00 m @ 7.62 g/t Au, 1.12 m @ 6.50 g/t Au and 1.20 m @ 5.56 g/t Au, and 7.00 m @ 1.08 g/t Au including 0.90 m @ 5.19 g/t Au.
Drill hole MGH21-175 was drilled 100 m east of MGH21-174 and 100 m to the west of MGH20-172 to test the southern extensions of the Gap veins and the western extensions of the Windjammer South resource. MGH21-175 intersected up to 19.70 m @ 0.94 g/t Au including 0.60 m @ 8.43 g/t Au, and 9.10 m @ 2.02 g/t Au including 1.00 m @ 5.83 g/t Au and 0.70 m @ 9.24 g/t Au.
Table 1: Selected Significant Drill Results
Target Hole From To Length Au
(Name) (#) (m) (m) (m) (g/t)
SW MGH20-168 161.00 173.00 12.00 0.64
includes 168.02 171.00 2.98 1.25
SW MGH20-168 517.00 521.00 4.00 3.54
includes 517.00 518.00 1.00 8.54
SW MGH20-172 168.00 177.50 9.50 1.20
includes 168.80 170.50 1.70 2.34
and 176.80 177.50 0.70 3.17
SW MGH20-172 525.00 535.00 10.00 1.05
includes 528.00 529.00 1.00 2.05
SW MGH21-172 543.00 555.00 12.00 0.59
includes 543.00 544.50 1.50 3.42
SW MGH21-174 381.00 393.00 12.00 1.57
and 391.95 393.00 1.05 5.82
SW MGH21-174 634.45 642.00 7.55 0.90
includes 635.50 638.20 2.70 1.88
SW MGH21-174 648.40 656.00 7.60 2.04
includes 653.00 654.65 1.65 6.36
includes 653.70 654.65 0.95 8.59
SW MGH21-174 663.00 673.00 10.00 1.64
includes 663.00 664.50 1.50 4.20
and 667.50 669.00 1.50 3.21
SW MGH21-174 708.00 740.00 32.00 1.63
includes 714.95 721.30 6.35 3.21
includes 716.00 717.00 1.00 7.62
and 720.18 721.30 1.12 6.50
and 729.00 735.60 6.60 2.91
includes 730.75 731.60 0.85 8.05
and 734.40 735.60 1.20 5.56
SW MGH21-174 819.00 826.00 7.00 1.08
includes 819.00 819.90 0.90 5.19
SW MGH21-174 829.45 834.00 4.55 1.44
SW MGH21-175 218.50 235.50 19.70 0.94
includes 220.70 227.25 6.55 1.71
and 226.65 227.25 0.60 8.43
SW MGH21-175 650.90 660.00 9.10 2.02
includes 650.90 651.90 1.00 5.83
and 655.10 657.00 1.90 4.92
includes 655.65 656.35 0.70 9.24
Intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 3m internal dilution and no top cap applied. All intercepts are reported as drill widths and estimated to be 75% to 95% of true width.
Cannot view this image? Visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_002.jpg
Figure 1: Location Map- Golden Highway Project
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_002full.jpg
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_003.jpg
Figure 2: Gap Zone - Drill Hole Locations
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_003full.jpg
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_004.jpg
Figure 3: Gap Zone - Long Section
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_004full.jpg
Table 2: Drill Hole Details
Hole Easting Northing Elevation Azimuth Inclination Depth
(#) (mE) (mN) (masl) (°) (°) (m)
MGH20-168 572703 5369920 328 50 -60 666.0
MGH20-172 571767 5369776 329 50 -60 642.0
MGH21-174 571477 5369536 325 50 -60 900.0
MGH21-175 571625 5369666 327 50 -60 664.0
QA/QC Procedures
All core drilling conducted by Moneta is oriented. Drill core is cut with half sent to AGAT Laboratories Inc. (AGAT) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). AGAT is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed using an 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, as well as completing routine third-party check assays at Activation Laboratories Ltd. Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.
About Moneta
Moneta holds 26,343 ha of prospective land in the Timmins Gold. The Company's flagship project, covering the Golden Highway and Garrison Gold Projects is located 100 km east of Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred at a 2.60 g/t Au at South West, 3.00 g/t Au cut-off for the other underground deposits and 0.30 g/t Au for the open pit deposits. The project includes a total of 3,335,000 ounces of open pit indicated resources contained within 116.7 Mt @ 0.89 g/t Au and 2,270,000 ounces of open pit inferred resources contained within 79.4 Mt @ 0.89 g/t Au. The project also includes 632,000 ounces of indicated underground resources contained within 4.9 Mt @ 4.05 g/t Au and 2,129,000 ounces of inferred underground resources within 15.7 Mt @ 4.21 g/t Au.
Preliminary economic assessment ("PEA") studies were completed on the Garrison open pit resources and the South West underground bulk mining resource in 2020. The Garrison PEA highlighted an open pit mining operation consisting of a 12-year mine life with an after-tax NPV5% of C$321MM, IRR of 33% and a 2.3 year payback. The project envisaged open pit mining producing 121,000 oz/pa in years 1 to 8 (94,000 oz/pa LOM), at a strip ratio of 2.7:1 at a cash cost of US$721/oz using a gold price of US$1,450/oz and an exchange rate of US$0.75/C$. The PEA on the South West gold deposit, one of 6 deposits located on the Golden Highway project, highlighted an underground bulk mining operation consisting of 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 producing 76,000 oz/pa at a cash cost of US$590/oz at a gold price of US$1,500/oz and an exchange rate of US$0.77/C$. The open pit resources and new underground discoveries have not yet been subjected to a preliminary economic assessment study at Golden Highway.
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
http://www.monetaporcupine.com
or email us at info@monetaporcupine.com.
This news release includes certain forward-looking information and forward-looking statements, collectively "forward-looking statements" within the meaning of applicable Canadian securities legislation. 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 include, but are not limited to information with respect to the future performance of the business, its operations and financial performance and condition such as the Company's drilling program and the timing and results thereof; and the ability of the Company to finance and carry out its anticipated goals and objectives.
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.
https://www.monetaporcupine.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79764
https://www.monetaporcupine.com/uploads/ME-PR-07-2021.pdf
Newsfile Corp.
April 8, 2021 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
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.
Moneta Extends Gold Mineralization at the South West & Windjammer South
Deposits at Golden Highway
TSE:ME
https://www.monetaporcupine.com/uploads/ME-PR-07-2021.pdf
Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP)
("Moneta") is pleased to announce the results from
four (4) holes drilled to test the Gap Zone between the current
NI 43-101 South West underground and Windjammer South open pit deposits.
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 (Figure 1).
Highlights:
Drilling has intersected significant gold mineralization in an area,
covering 700 metres ('m") strike length and 200 m width,
not currently included in any NI 43-101 resource estimate:
MGH21-174, located outside the current Windjammer open pit and 150 m
south of the current South West resource:
Intersected 32.00 m @ 1.63 grams per tonne "g/t" gold "Au" including
6.3 5 m @ 3.21 g/t Au including 1.00 m @ 7.62 g/t Au,
plus 6.60 m @ 2.91 g/t Au including 0.85 m @ 8.05 g/t Au
Intersected 7.60 m @ 2.04 g/t Au, including 1.65 m @ 6.36 g/t Au,
including 0.95 m @ 8.59 g/t Au
Intersected 12.00 m @ 1.57 g/t Au, including 1.05 m @ 5.82 g/t Au
MGH21-175, located outside the current Windjammer open pit and
150 m south of the current South West resource:
Intersected 9.10 m @ 2.02 g/t Au, including 0.70 m @ 9.24 g/t Au
Intersected 19.70 m @ 0.94 g/t Au, including 0.60 m @ 8.43 g/t Au
MGH20-168, located outside the current Windjammer open pit and
200 m east of the current South West resource:
Intersected 4.00 m @ 3.54 g/t Au, including 1.00m @ 8.54 g/t Au
"We are pleased to have intersected significant new gold mineralization
outside of our current gold resources with our latest drilling," commented
CEO, Gary O'Connor.
"The drilling has intersected gold mineralization within the Gap area, located
between the current South West underground deposit and
Windjammer South open pit deposit.
Significant gold mineralization has been intersected up to 150 m south of and over a strike length of 700 m between the South West and Windjammer South resources.
The drill results highlight the opportunity to significantly expand the open pit and underground gold resources at Windjammer South and
South West respectively.
The Windjammer South open pit resource currently contains
1.10 million ounces "Moz" gold indicated resources and
1.05 Moz gold inferred resources at a 0.3 g/t Au cut-off and t
he current underground resource at South West currently
contains 0.59 Moz gold indicated and 1.24 Moz gold inferred resources
at a 2.6 g/t cut-off within a total project gold resource endowment of
4.00 Moz gold indicated and 4.40 Moz gold inferred."
The latest assay results are from four (4) drill holes for a total of 2,872.0 m of drilling, completed as part of the current 70,000 m 2020/2021 winter drill program.
The four reported holes were targeting the Gap zone which occurs between the current Windjammer South and South West resources in an area which has no currently defined gold resources.
Drilling was focussed on extending the South West mineralization to the south, where it remains open, and connect the Windjammer South and South West resources. Windjammer South currently hosts an indicated resource of 40.59 Mt @ 0.84 g/t Au in the indicated category for 1.10 Moz contained gold and 29.10 Mt @ 1.12 g/t Au in the
inferred category for 1.05 Moz contained gold.
South West currently hosts an indicated resource of 4.53 Mt @ 4.07 g/t Au for 0.59 Moz contained gold and 9.61 Mt @ 4.01 g/t Au for 1.24 Moz contained gold in the inferred category. The open pit resource estimate at Westaway was estimated at a 0.30 g/t Au cut-off and the underground resource estimate at South West at a 2.60 g/t Au cut-off. The resource expansion drill program is continuing and further results are pending.
Discussion of Drill Results
Gap Zone
Four (4) drill holes were drilled to test the Gap zone located between, and to the south, of the current Windjammer South open pit and South West underground gold resources. The holes were targeting the extensions of steep high grade Gap veins at South West as well as the western extensions of the wide shallow dipping stacked mineralized veins drilled and modeled at Windjammer South. The drilling was conducted to test a 700 m long and 200 m wide corridor which has not historically been drill tested or included in any resource estimates.
Drill hole MGH20-168 was collared 200 m east of the current South West resource and 300 m west of the current Windjammer South resource and was designed to connect the current resources. MGH20-168 intersected zones of gold mineralization up to 4.00 m @ 3.54 g/t Au including 1.00 m @ 8.54 g/t Au, 12.00 m @ 0.64 g/t Au including 2.98 m @ 1.25 g/t Au, and 11.00 m @ 0.53 g/t Au including 2.00 m @ 1.99 g/t Au and 11.00 m @ 0.47 g/t Au. The drilling confirmed the western extensions of the Windjammer South mineralization and extended the zones to depth.
Drill hole MGH20-172 was drilled over 100 m south of current steep high grade Gap veins at South West and 400 m west of the mineral resource at Windjammer south. MGH20-172 intersected up to 9.50 m @ 1.20 g/t Au including 0.70 m @ 3.17 g/t Au, 10.00 m @ 1.05 g/t Au including 1.00 m @ 2.05 g/t Au and 12.00 m @ 0.59 g/t Au including 1.50 m @ 3.42 g/t Au. The drill holes extended mineralization significantly to the south of South West and to the west of Windjammer South.
Drill hole MGH21-174 was drilled over 100 m south of the current steep high grade Gap veins at South West and 600 m west of the mineral resource at Windjammer South. Drill hole MGH21-174 intersected up to 12.00 m @ 1.57 g/t Au including 1.05 m @ 5.82 g/t Au, 7.60 m @ 2.04 g/t Au including 1.65 m @ 6.36 g/t Au including 0.95 m @ 8.59 g/t Au, 10.00 m @ 1.64 g/t Au including 1.50 m @ 4.20 g/t Au and 1.50 m @3.21 g/t Au and 32.00 m @ 1.63 g/t Au including 1.00 m @ 7.62 g/t Au, 1.12 m @ 6.50 g/t Au and 1.20 m @ 5.56 g/t Au, and 7.00 m @ 1.08 g/t Au including 0.90 m @ 5.19 g/t Au.
Drill hole MGH21-175 was drilled 100 m east of MGH21-174 and 100 m to the west of MGH20-172 to test the southern extensions of the Gap veins and the western extensions of the Windjammer South resource. MGH21-175 intersected up to 19.70 m @ 0.94 g/t Au including 0.60 m @ 8.43 g/t Au, and 9.10 m @ 2.02 g/t Au including 1.00 m @ 5.83 g/t Au and 0.70 m @ 9.24 g/t Au.
Table 1: Selected Significant Drill Results
Target Hole From To Length Au
(Name) (#) (m) (m) (m) (g/t)
SW MGH20-168 161.00 173.00 12.00 0.64
includes 168.02 171.00 2.98 1.25
SW MGH20-168 517.00 521.00 4.00 3.54
includes 517.00 518.00 1.00 8.54
SW MGH20-172 168.00 177.50 9.50 1.20
includes 168.80 170.50 1.70 2.34
and 176.80 177.50 0.70 3.17
SW MGH20-172 525.00 535.00 10.00 1.05
includes 528.00 529.00 1.00 2.05
SW MGH21-172 543.00 555.00 12.00 0.59
includes 543.00 544.50 1.50 3.42
SW MGH21-174 381.00 393.00 12.00 1.57
and 391.95 393.00 1.05 5.82
SW MGH21-174 634.45 642.00 7.55 0.90
includes 635.50 638.20 2.70 1.88
SW MGH21-174 648.40 656.00 7.60 2.04
includes 653.00 654.65 1.65 6.36
includes 653.70 654.65 0.95 8.59
SW MGH21-174 663.00 673.00 10.00 1.64
includes 663.00 664.50 1.50 4.20
and 667.50 669.00 1.50 3.21
SW MGH21-174 708.00 740.00 32.00 1.63
includes 714.95 721.30 6.35 3.21
includes 716.00 717.00 1.00 7.62
and 720.18 721.30 1.12 6.50
and 729.00 735.60 6.60 2.91
includes 730.75 731.60 0.85 8.05
and 734.40 735.60 1.20 5.56
SW MGH21-174 819.00 826.00 7.00 1.08
includes 819.00 819.90 0.90 5.19
SW MGH21-174 829.45 834.00 4.55 1.44
SW MGH21-175 218.50 235.50 19.70 0.94
includes 220.70 227.25 6.55 1.71
and 226.65 227.25 0.60 8.43
SW MGH21-175 650.90 660.00 9.10 2.02
includes 650.90 651.90 1.00 5.83
and 655.10 657.00 1.90 4.92
includes 655.65 656.35 0.70 9.24
Intercepts are calculated using a 0.30 g/t Au cut-off, a maximum of 3m internal dilution and no top cap applied. All intercepts are reported as drill widths and estimated to be 75% to 95% of true width.
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_002.jpg
Figure 1: Location Map- Golden Highway Project
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_002full.jpg
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_003.jpg
Figure 2: Gap Zone - Drill Hole Locations
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_003full.jpg
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_004.jpg
Figure 3: Gap Zone - Long Section
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4852/79764_689d1b5aa44c19cb_004full.jpg
Table 2: Drill Hole Details
Hole Easting Northing Elevation Azimuth Inclination Depth
(#) (mE) (mN) (masl) (°) (°) (m)
MGH20-168 572703 5369920 328 50 -60 666.0
MGH20-172 571767 5369776 329 50 -60 642.0
MGH21-174 571477 5369536 325 50 -60 900.0
MGH21-175 571625 5369666 327 50 -60 664.0
QA/QC Procedures
All core drilling conducted by Moneta is oriented. Drill core is cut with half sent to AGAT Laboratories Inc. (AGAT) for drying and crushing to -2 mm, with a 1.00 kg split pulverized to -75 µm (200#). AGAT is an ISO 17025 accredited laboratory. A 50 g charge is Fire Assayed and analyzed using an 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, as well as completing routine third-party check assays at Activation Laboratories Ltd. Kevin Montgomery, P.Geo. is a qualified person under NI 43-101 and has reviewed and approved the technical contents of this press release.
About Moneta
Moneta holds 26,343 ha of prospective land in the Timmins Gold. The Company's flagship project, covering the Golden Highway and Garrison Gold Projects is located 100 km east of Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred at a 2.60 g/t Au at South West, 3.00 g/t Au cut-off for the other underground deposits and 0.30 g/t Au for the open pit deposits. The project includes a total of 3,335,000 ounces of open pit indicated resources contained within 116.7 Mt @ 0.89 g/t Au and 2,270,000 ounces of open pit inferred resources contained within 79.4 Mt @ 0.89 g/t Au. The project also includes 632,000 ounces of indicated underground resources contained within 4.9 Mt @ 4.05 g/t Au and 2,129,000 ounces of inferred underground resources within 15.7 Mt @ 4.21 g/t Au.
Preliminary economic assessment ("PEA") studies were completed on the Garrison open pit resources and the South West underground bulk mining resource in 2020. The Garrison PEA highlighted an open pit mining operation consisting of a 12-year mine life with an after-tax NPV5% of C$321MM, IRR of 33% and a 2.3 year payback. The project envisaged open pit mining producing 121,000 oz/pa in years 1 to 8 (94,000 oz/pa LOM), at a strip ratio of 2.7:1 at a cash cost of US$721/oz using a gold price of US$1,450/oz and an exchange rate of US$0.75/C$. The PEA on the South West gold deposit, one of 6 deposits located on the Golden Highway project, highlighted an underground bulk mining operation consisting of 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 producing 76,000 oz/pa at a cash cost of US$590/oz at a gold price of US$1,500/oz and an exchange rate of US$0.77/C$. The open pit resources and new underground discoveries have not yet been subjected to a preliminary economic assessment study at Golden Highway.
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 forward-looking statements, collectively "forward-looking statements" within the meaning of applicable Canadian securities legislation. 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 include, but are not limited to information with respect to the future performance of the business, its operations and financial performance and condition such as the Company's drilling program and the timing and results thereof; and the ability of the Company to finance and carry out its anticipated goals and objectives.
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.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79764
https://www.monetaporcupine.com/uploads/ME-PR-07-2021.pdf
Newsfile Corp.
April 8, 2021 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
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
$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
) $Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.
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/
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
Resource World Feature Article
I totally agree, was just going to check in and the see if there were
any comments...interesting to hear why Dundee bought in how they see
things from Jonathan's comments....
They feel the resource should be 12M ounces right now and easily has
the potential to be 15-20M ounces.
Trading at $200M when it should be triple this price....there is no
excitemnet for gold.
Perfect now that everything in my opinion has lined up....massive
soverign debt, ridiculous money printing, negative real rates....solid
fundamentals should prevail but we will have to see and be patient.
Glad to hear they are drilling the Westaway and if that is
succesful this is going to be a beauty!
by Francest - thanks )
$Jim Forsythe: Stampede Coming Into Gold and Silver
23,090 views •Feb 17, 2021
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