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Moneta Porcupine Commences Drill Program at Golden Highway Project east of Timmins in Ontario

Mining News - Published on Tue, 05 Nov 2019

Image Source: SteelGuru
Moneta Porcupine Mines Inc announced the commencement of drilling on the Golden Highway Project, located 110 km east of Timmins in Ontario. Mr Gary O'Connor, CEO & Chief Geologist, said "We are encouraged by our enhanced understanding of the geology of the Windjammer South and 55 deposits where we have identified the potential to expand the current resources. The new drill program will test the resource expansion potential at 55 and Windjammer South which occur adjacent to the South West, where we are currently updating the resource based on our 2019 (9,600 m) drill program. The current drill program will also test the Westaway and Halfway targets where mineralization was intersected historically and will target the area between West Block and Westaway which remains open. We look forward to drilling the expansion potential of our resources and to test new areas of mineralization. In addition, we will be releasing the updated South West resource estimate by the end of November"

Highlights

Windjammer South Deposit: Drilling is targeting the resource expansion potential

55 Deposit: Drilling is planned to test the newly identified resource expansion potential

Westaway: Drilling is to confirm the occurrence of mineralization historically intersected

West Block: Drilling to test the western extensions of mineralization at West Block

Halfway: Drilling is planned to confirm mineralization intersected in historical drilling

South West: Resource update pending for the +1 Moz South West deposit

The current planned drill program consists of an initial 10,000 m to test the new resource potential and occurrence of mineralization at new targets, with additional drilling planned as warranted.

Source :

Posted By : Rabi Wangkhem on Tue, 05 Nov 2019
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