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/C O R R E C T I O N From Source - Moneta Porcupine Mines Inc./
Please note that this release revises and replaces c2046 sent at 8:30 ET today. Correct cop...
About this update from Stllr Gold Inc.
[{"type":"text","content":"\n\n\n\n\n\nPlease note that this release revises and replaces c2046 sent at 8:30 ET\n today. Correct copy follows:\n\n\nMoneta's Golden Highway Gold Resources Increases to 1.1 Million Ounces\n Indicated Plus 3.2 Million Ounces Inferred\n\n\nTIMMINS, ON, Oct. 25, 2012 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) (XETRA: MOP)\n (\"Moneta\") announces an updated National Instrument 43-101 (\"NI 43-101\") mineral resource estimate on\n its 100% owned Golden Highway Project located east of Timmins, Ontario\n (Canada).\n\n\nIan C. Peres, President and CEO of Moneta commented, \"The step out\n drilling undertaken in 2012 on our Golden Highway Project was a\n tremendous success with our exploration team adding 1.1 million\n inferred ounces at a discovery cost under $5 per ounce. We look forward\n to the next stage of development including the results from the\n upcoming Preliminary Economic Assessment and ongoing drilling to expand\n the resource.\"\n\n\nHighlights, using US$1,200/ounce gold, include:\n\n\nIn-Pit and Out of Pit Mineral Resource Estimate:\n\n\nIndicated: 1,091,000 ounces (31.1 Mt at 1.09 g/t Au); plus \n\n\nInferred:  3,204,000 ounces (83.3 Mt at 1.20 g/t Au);\n\n\nThe Mineral Resource Estimate increased by 55% to 3.2 million ounces inferred from the previous resource estimate of\n 2.1 million ounces (December 1, 2011 press release);\n\nThe original Southwest Zone pit dimensions have been optimized in this\n resource update;\n\nResource remains open in all directions for further expansion.\n\n\nThe Company also announces that a Preliminary Economic Assessment\n (\"PEA\"), based on this updated resource estimate, is expected to be\n completed in Q4 2012.\n\n\nThe following table summarizes the NI 43-101 Mineral Resource Estimate\n in the Indicated and Inferred resource categories:\n\n\n\n\n\n \n\n\n \n\n\n \n\n\nTABLE 1: MINERAL RESOURCE ESTIMATE     (1), (2), (3), (4), (5), (6), (7), (8), (9), (10)       \n\n\n \n\n\nMining\n\n\nCutoff Grade (g/t)\n\n\nINDICATED\n\n\nINFERRED  \n\n\n \n\n\nTonnes\n\n\nAu (g/t)\n\n\nAu (oz)\n\n\nTonnes\n\n\nAu (g/t)\n\n\nAu (oz)  \n\n\n \n\n\nIn Pit\n\n\n0.37\n\n\n30,000,000\n\n\n1.01\n\n\n977,000\n\n\n71,627,000\n\n\n0.86\n\n\n1,971,000  \n\n\n \n\n\nOut of Pit\n\n...