Moneta Porcupine Mines Inc TSX:ME announced assay results from its Golden Highway Project, east of Timmins, Ontario. Highlights include 3.59 g/t gold over 6.1 metres (including 5.68 g/t over 3.5 metres), 3.45 g/t over 26.1 metres (including 5.12 g/t over 12.5 metres), 5.74 g/t over 1.4 metres, 3.78 g/t over 11.5 metres and 4.77 g/t over 1.9 metres.
President/CEO Ian Peres said, “These results provide further evidence of a pervasive gold system in our Golden Highway Project which has now seen three large newly discovered zones in under a year, in close proximity to the 624,500 ounce historical resource at 5.98 g/t. Moneta is now well-funded, following our recent financing, with plans to undertake up to 30,000 metres of drilling in 2011.”
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Ian C. Peres
by Ted Niles