Moneta Porcupine Mines Inc ME:CA announced assays from the Southwest Zone of its Golden Highway Project, east of Timmins, Ontario. Highlights include 1.97 g/t gold over 45.1 metres (including 3.67 g/t over 4.2 metres), 2.33 g/t over 41.7 metres (including 4.07 g/t over 15.5 metres) and 3.51 g/t over 38 metres (including 5.66 g/t over 6.3 metres).
President/CEO Ian Peres said, “These three new gold zones are further examples of broad mineralization envelopes with excellent gold continuity which exist in the Southwest Zone. We are particularly encouraged with the robust gram/metre intervals reported from this one drill hole given that these new broad mineralization envelopes continue to expand potential gold resource tonnage, and have demonstrated the ability to generate significantly higher grade over substantial width as seen in the drill wedging into the 267 Zone in 2010.”
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Ian C. Peres
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by Ted Niles