Business
Moneta Extends Gold Mineralization on the Discovery Deposit at Golden Highway
Toronto, Ontario--(Newsfile Corp. - April 29, 2021) - Moneta Porcupine Mines Inc. (TSX: ME) (...
About this update from Stllr Gold Inc.
[{"type":"text","content":"Moneta Extends Gold Mineralization on the Discovery Deposit at Golden HighwayToronto, Ontario--(Newsfile Corp. - April 29, 2021) - Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (XETRA: MOP) (\"Moneta\") is pleased to announce the results from drilling on the extensions of the Discovery Deposit outside of the current NI 43-101 resource. The drill holes were drilled as part of the expanded 2020/2021 winter drill program on the Golden Highway Project, 100 kilometres (\"km\") east of Timmins, Ontario. Highlights:Drilling has intersected significant gold mineralization to extend the NI 43-101 underground gold resource estimate at Discovery:MGH20-165, located up-dip of the current Discovery resource: Intersected 13.00 m @ 1.80 grams per tonne \"g/t\" gold \"Au\", including 3.00 m @ 3.34 g/t Au, including 1.00 m @ 4.05 g/t AuIntersected 4.00 m @ 2.70 g/t Au, including 2.00 m @ 4.25 g/t Au, including 1.00 m @ 5.63 g/t Au MGH20-166, located west and up-dip of the current Discovery gold resource:Intersected 7.00 m @ 2.06 g/t Au, including 1.00 m @ 3.91 g/t AuMGH20-167, located west and down plunge of the current Discovery resource:Intersected 20.40 m @ 0.89 g/t Au, including 0.90 m @ 2.39 g/t AuMGH20-171, located 500 m west of the current Discovery resource:Intersected 6.50 m @ 1.30 g/t Au, including 2.70 m @ 2.28 g/t Au, including 1.00 m @ 4.55 g/t Au\"We are pleased to be continuing to intersect new gold mineralization outside of our current gold resources with our latest drilling,\" commented CEO, Gary O'Connor. \"The drilling has intersected extensions of gold mineralization at Discovery, located on the northern splay of the Destor Porcupine Fault Zone, north of the South West underground resource and Windjammer South open pit deposit. Significant gold mineralization has been intersected up to 500 m west, 150 m east and up to 100 m below the current Discovery resource. The drill results highlight the opportunity to continue to expand the underground resources at Discovery. The adjacent Discovery and Windjammer North underground resources currently contain 39,100 ounces gold in the indicated category and 191,200 ounces of gold in the inferred category at a 3.0 g/t Au cut-off, within a total project gold resource endowment of 3,967,000 ounces gold indicated and 4,399,000 ounces gold inferred.\" The latest assay results are fro...