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Moneta completes technical review and commences drilling new targets on Golden Highway Project
Moneta completes technical review and commences drilling new targets on Golden Highway Pro...
About this update from Stllr Gold Inc.
[{"type":"text","content":"\n\n\n\nMoneta completes technical review and commences drilling new targets on Golden Highway Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 19, 2017\n\n\n\nTORONTO, Sept. 19, 2017 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) (the \"Company\") is pleased to announce that it has completed a comprehensive technical review of its gold projects and has commenced the 2017 diamond drill program on newly generated targets on the Company's Golden Highway Project located approximately 110km east of Timmins, Ontario.\n\nHighlights:\n\n\nThe Company has initially mobilized one drill rig, with plans to add up to 3 additional drill rigs, to drill test newly developed drill targets on the Golden Highway Project;\nThe Discovery Zone is the first of the new targets generated to be drill tested; \nThe Discovery Zone is seen to consist of 6 steeply dipping parallel structures over a height of 275m open to depth and a strike length of 250m;   \nHistorically drilling of the Discovery Zone has returned assays of up to 7.20m @ 6.24g/t Au and 7.00m @ 5.86g/t Au. \nStrategic Target Review\n\nThe Company has spent the summer of 2017 completing a strategic review of all projects and targets within the Company's portfolio of gold projects within the Timmins Gold Camp which resulted in an extensive program including the re-interpretation and relogging of the geology, mineralization style and structural setting of historical targets as well as the sampling of previously un-sampled historical drill core. The strategic review has generated a number of higher grade targets displaying the size and grade potential to warrant drill testing. The initial priority has been on the Golden Highway Project where the Company has historically outlined a large low grade open pit resource along and adjacent to the Destor-Porcupine Fault Zone (\"DPFZ\"). The Discovery Zone is the first of the new targets to be drill tested within the current ~20,000m program to be completed by the end of the year with up to ...