Saturday 22nd October 2016

Resource Clips

Moneta Porcupine reports Ontario Gold Assays of 1.04 g/t over 55m

Resource Clips - essential news on junior gold mining and junior silver miningMoneta Porcupine Mines Inc TSX:ME announced drill results from the Gap Zone of its Golden Highway Project in Ontario. Highlights include

1.04 g/t gold over 55 metres (including 5.52 g/t over 4 metres)
1.14 g/t over 39 metres
1.17 g/t over 46 metres
0.99 g/t over 14.3 metres
0.89 g/t over 34.7 metres (including 29.11 g/t over 0.4 metres)
0.69 g/t over 18.1 metres (including 1.11 g/t over 6.6 metres)
0.82 g/t over 12.3 metres (including 1.35 g/t over 5.3 metres)

President/CEO Ian Peres remarked, “These Gap Zone results continue to establish the near surface linkage between the Southwest Zone and Windjammer South NI 43-101 resource open-pit outlines. Additional drilling and internal modeling is underway to confirm continuity and in-pit resource expansion potential. We are currently drilling the Windjammer Central priority target area, located north of Windjammer South, with results pending. It now appears that we have a 2.5-kilometre long potential open-pit configuration using conservative estimating parameters, with strong gold potential at depth and along large cross-structures. During 2012 we will work on further defining the economics of the large open-pit project and continue exploring the deeper extensions as well as the associated cross-structures. We are very pleased with developments to date.”

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Ian C. Peres

by Ted Niles

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