Moneta Files NI 43-101 Technical Report on New Resource Estimate for the Golden Highway Project, Ontario Symbol: TSX: ME
Moneta Files NI 43-101 Technical Report on
New Resource Estimate for the Golden
Highway Project, Ontario
Symbol: TSX: ME
TORONTO
,
March 1, 2019
/CNW/ -
Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF)
(XETRA:MOP) ("Moneta" or the "Company")
is pleased to announce the filing of a technical
report covering the new mineral resource estimate for its Golden Highway Project, located 110 km
east of
Timmins, Ontario
.
The Technical Report dated
March 01, 2019
was prepared in accordance with National Instrument
43-101 standards for Disclosure for Mineral Projects ("NI 43-101") and has been filed on both
SEDAR and the Company's website (
www.monetaporcupine.com
) and is now available for review.
The Report was prepared by Mr. B.
Terrence Hennessey
, P. Geo and Mr.
Richard M. Gowans
, P.
Eng of Micon International Ltd. of
Toronto, Canada
. Mr. B.
Terrence Hennessey
, P. Geo and Mr.
Richard M. Gowans
, P. Eng are both considered "Qualified Persons" under NI 43-101. The new
technical report covers and supports the technical and scientific disclosure as contained in the new
mineral resource estimate reported in Moneta's press release dated
January 17, 2019
entitled
"Moneta defines New Resource Estimate at its Golden Highway Project of 383,400 oz of Gold at
4.61g/t of indicated resource and 873,200 oz of Gold at 4.21g/t inferred resource."
The technical content of this press release has been reviewed and approved by
Gary O'Connor
,
FAusIMM of Moneta who is deemed a "Qualified Person" as defined by NI 43-101.
About Moneta
The Company holds a 100% interest in 5 core gold projects strategically located along the Destor-
Porcupine Fault Zone (DPFZ) in the Timmins Gold Camp with over 85 million ounces of past gold
production. The projects consist of the key Golden Highway Project and the
North Tisdale
,
Nighthawk Lake, Kayorum and Denton projects. The Golden Highway Project hosts the current 43-
101 resource and covers 12 kilometres of prospective Banded Iron Formation in contact with
Timiskaming clastic sediments located along the DPFZ.
The Company's public documents may be accessed at
www.sedar.com
. For further information on
the Company, please visit our website at
www.monetaporcupine.com
or email us at
.
SOURCE
Moneta Porcupine Mines Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/March2019/01/c8916.html
%SEDAR: 00003301E
For further information:
Gary V. O'Connor, CEO and Chief Geologist, 416-357-3319; Ian C.
Peres, President & CFO, 416-579-3040
CO: Moneta Porcupine Mines Inc.
CNW 08:59e 01-MAR-19