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Moneta Porcupine Mines Expands Gold Mineralization at Windjammer South

Mining News - Published on Mon, 20 Jan 2020

Image Source: monetaporcupine.com
Moneta Porcupine Mines Inc announced the results from the first three drill holes testing the extensions of gold mineralization on the Windjammer South deposit outside of the updated November 2019 NI 43-101 mineral resource estimate. The drilling is part of an expanded 2019/2020 winter drill program consisting of 18,000 m currently underway on the Company's Golden Highway Project, 110 km east of Timmins, Ontario. Gary O'Connor, CEO & Chief Geologist said "We are pleased to have intersected multiple zones of gold mineralization over large combined thicknesses at Windjammer South. The drill program has successfully confirmed the extensions of gold mineralization with significant step-outs both west and east of the updated November 2019 Resource Estimate and has confirmed the new geological interpretation. The 2019/2020 winter drill program is testing new gold targets at Westaway and Halfway, as well as drill testing the resource expansion potential at West Block (South West), 55 and Windjammer South deposits. The fully funded drill program is ongoing and will continue over the winter."

Highlights:

Drilling confirms extensions of mineralization outside of the updated November 2019 43-101 mineral resource at the Windjammer South Deposit

MGH19-124
Extended gold mineralization over 100 metres to the east of the current gold resource
Drilling confirmed 10 zones with a combined thickness of 88.0 m
Intersected 8.30 m @ 2.39 grams per tonne gold, including 0.65 m @ 16.60 g/t Au from the O Zone
Intersected 21.00 m @ 1.40 g/t Au including 1.40 m @ 4.79 g/t Au from the G Zone

MGH19-125
Extended gold mineralization 200 m to the west of the current gold resource
Drilling confirmed 16 zones with a combined thickness of 125.0 m
Intersected 13.00 m @ 2.26 g/t Au including 4.00 m @ 5.17 g/t Au and including 1.00 m @ 8.40 g/t Au from the R Zone
Intersected 17.00 m @ 1.67 g/t Au including 3.00 m @ 4.93 g/t Au from the Q Zone
Intersected 13.00 m @ 1.70 g/t Au including 1.00 m @ 8.41 g/t Au from the O Zone

MGH19-126
Extended mineralized zones 300 m to the west of the current gold resource
Drilling confirmed 17 zones with a combined thickness of 198.0 m
Intersected 39.40 m @ 1.70 g/t Au including 3.90 m @ 4.54 g/t Au from the P Zone
Intersected 29.00 m @ 2.33 g/t Au including 11.00 m @ 4.24 g/t Au, including 3.00 m @ 6.48 g/t Au and 4.00 m @ 5.41 g/t Au, and 1.00 m @ 5.41 g/t Au from the Q Zone

Source :

Posted By : Rabi Wangkhem on Mon, 20 Jan 2020
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