Date: September 11, 2020
Moneta Porcupine Mines is a gold exploration company which holds a 100% interest in 6 core gold projects. They also have a 50% JV with Kirkland Lake Gold strategically located on or along the Destor Porcupine Fault Zone corridor. Further, it's one of the key mineralized structures in the Abitibi Greenstone belt in Ontario. It has excellent infrastructure including access roads, water, electricity, and mills. Most gold mineralization in the region is associated with the Destor, including significant resources and producing mines now operated by Porcupine Gold Mines (Newmont-Goldcorp) and several others such as McEwen Mining, Pan American Silver, Osisko Mining and Kirkland Lake Gold.
The Golden Highway Camp has experienced rapid advancement of gold resources by Moneta and others reflecting the strong regional gold potential. Moneta’s land position covers 618 km2. It's also one of the largest after the three main gold producers in the Timmins Camp.
Moneta has already discovered 1.8 million ounces of gold. Moreover, the Company has a highly anticipated Preliminary Economic Assessment to be released this month on its 100% owned deposit.
For more information on Moneta Porcupine Mines Inc. (TSX: ME, OTC: MPUCF) please fill out the form below.