Business
Moneta expands near surface gold mineralization on Golden Highway Project
TIMMINS, ON, Feb. 2, 2012 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME / OTC: MPUCF / XETR...
About this update from Stllr Gold Inc.
[{"type":"text","content":"\n\n\n\n\n\nTIMMINS, ON, Feb. 2, 2012 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME / OTC: MPUCF / XETRA: MOP)\n (\"Moneta\") announces results from its ongoing exploration program on its 100% owned\n Golden Highway Project, located 100km east of Timmins, Ontario\n (Canada).\n\n\nIan C. Peres, President and CEO said, \"Windjammer Central is one of the\n key target areas in 2012 and we are pleased with the results to date. \n This large mineralized envelope is important as it lies between\n Windjammer North and Windjammer South and has the potential to develop\n into a new gold resource which may incorporate Windjammer North, and\n have possible linkage to Windjammer South\".\n\n\nDrill highlights include:\n\n\n\n\n\n\nMWJ-11-51:\nMWJ-11-53:\nMWJ-11-55:\nMWJ-11-57:\n\n\n\n\n\n\n\n\n0.97 g/t over 22 metres or 0.72 g/t over 57 metres\n1.02 g/t over 73 metres or 0.76 g/t over 140 metres\n0.94 g/t over 54 metres including 1.42 g/t over 26 metres\n1.06 g/t over 22 metres or 0.72 g/t over 55 metres\n\n\n \n\n\n \n\n\n \n\n\nThe Windjammer Central target area is one of five priority target areas\n to be drilled in 2012 immediately within and adjacent to the existing\n NI 43-101 gold resource open pit shells.\n\n\nWindjammer Central is located in a similar geological setting as\n Windjammer South (0.9Moz NI 43-101 resource) and current drilling has\n now confirmed the same style of mineralization. A mineralization\n envelope 200m in width and 750m in strike length has been identified\n within the sediments along the volcanic-sedimentary contact, on one of\n two branches of the prolific Destor Porcupine Fault Zone that pass\n through Moneta's Golden Highway Project. The Windjammer North gold\n mineralization, not included in the current NI 43-101 resources, is\n found immediately north of this large mineralization envelope.\n\n\nFor a plan map of the New Mineralized Envelope between Windjammer North\n and Windjammer South, please click on the following link:http://www.monetaporcupine.com/i/pdf/2012-02-01_NRM1.pdf\n\n\nAdditional drilling is underway to continue to expand the mineralized\n envelope east-westerly along strike and southerly towards Windjammer\n South.\n\n\nDrill highlights are summarized in the following table:\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\...