Moneta Porcupine Mines is pleased to announce that it has engaged a consultant to prepare a NI 43-101 resource estimate on three gold zones in its 100% owned Golden Highway Project. The resource estimate will include initial NI 43-101 resource estimates on the 55 Zone and Southwest Zone, in addition to an updated NI 43-101 resource on the [...]
Moneta Porcupine Mines announces results from its ongoing 2011 exploration drill program in the 100% owned Golden Highway Project. Drill hole MSW11-283 ('283') intersected 5.15 g/t Au over 14.3 m within a broader gold alteration zone grading 1.06 g/t Au over 117.7 m. Follow-up drilling is underway to expand the mineralization which is open in all [...]
Moneta Porcupine Mines announces results from its ongoing 2011 exploration drill program in the 100% owned Golden Highway Project. The Windjammer South zone is located 1,000 m east along strike from the Southwest Zone with similar styles of mineralization and in the same geological setting. The Windjammer South zone, contained in the upper 350 m [...]
Moneta Porcupine Mines announces results from its ongoing 2011 exploration drill program in the 100% owned Golden Highway Projec. Drill hole wedge MSW10-162G is the third significant intersection into the 273 Zone returning 3.45 g/t Au over 26.13 m, with high grade zones displaying strong gold continuity of 7.96 g/t Au over 5.60 m and 5.12 g/t Au [...]
Moneta Porcupine Mines announces the completion of a $6,600,000 non-brokered private placement. The Company issued 11,428,571 common shares on a structured flow-through basis at $0.49 per share for aggregate gross proceeds of $5,600,000 and 2,857,143 common shares at $0.35 for aggregate gross proceeds of $1,000,000. The financing has been completed [...]
Moneta Porcupine Mines announces the appointment of Richard Boulay as interim Chief Financial Officer, effective immediately. The role of acting Chief Financial Officer was previously held by Ian C. Peres, who continues as the Company's President and Chief Executive Officer and Director. Ian C. Peres said, "The significant increase in Moneta's [...]
Moneta Porcupine Mines announces additional results from the ongoing 2010 drill program on the Southwest Zone, within the 100% owned Golden Highway Project. Drill hole wedge MSW-10-267E intersected the 267 Zone approximately 50 metres up-dip to the east from previously released drill hole wedge SW-10-267B. Two separate gold zones of 3.90 g/t over [...]
Moneta Porcupine Mines announces results from the ongoing 2010 drill program on the Southwest Zone, within the 100% owned Golden Highway Project. Drill hole MSW-10-273 successfully intersected 3 new gold zones with substantial widths ranging from 38m to 45m, all hosted within variably intense ankerite alteration over 215 me. MSW-10-273 was drilled [...]
Moneta Porcupine Mines announces results from the ongoing 2010 drill program on the Southwest Zone, within the 100% owned Golden Highway Project. Drill hole wedge MSW10-267C intersected the 267 Zone mineralized corridor, returning 5.61 g/t Au over 23.89 m including two large and separate vein zones of 8.08 g/t Au over 7.75 m and 10.55 g/t Au over [...]
Moneta Porcupine Mines announces results from the ongoing 2010 drill program on the Southwest Zone, within the 100% owned Golden Highway Project (“GHP“), located along the prolific Destor-Porcupine Fault Zone, approximately 100km east of Timmins. Drill hole wedge MSW10-267B was drilled approximately 25 m to the east and 15 metres above hole [...]
Moneta Porcupine Mines is pleased to announce completion of a $1,500,000 non-flow-through dollar, non-brokered private placement. Ian C. Peres, President & CEO commented, "The objective of this financing was to address a hard dollar shortfall prior to December 31, 2010 resulting from the December 2009 buyout of the joint venture partner on the [...]
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