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Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold Inferred Resources in NI 43-101 Golden Highway Resource Update
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) -  Moneta Porcupine Mines Inc. (T...
About this update from Stllr Gold Inc.
[{"type":"text","content":"Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold Inferred Resources in NI 43-101 Golden Highway Resource UpdateToronto, Ontario--(Newsfile Corp. - December 10, 2020) -  Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) (\"Moneta\" or the \"Company\") is pleased to provide an updated mineral resource estimate for the 100% owned Golden Highway Project, located 100 km east of Timmins, Ontario. The update is based on the latest drill program completed during the first half of 2020 (see Figure 1 and Table 1).Highlights of Updated Golden Highway Mineral Resource Estimate:217% increase in total contained gold (Au) to 2,144,200 ounces (oz) (combined underground and open pit) in the indicated category on the Golden Highway Project141% increase in total contained Au to 3,335,300 oz (combined underground and open pit) in the inferred category at Golden Highway A maiden inferred underground resource of 661,900 oz at a grade of 4.71 grams per tonne (g/t) Au at the new Westaway/West Block discovery at a 3.00 g/t Au cut-offTotal indicated underground resource of 632,300 oz at a grade of 4.05 g/t Au on the Golden Highway Project Total inferred underground resource of 2,128,100 oz at a grade of 4.21 g/t Au on the Golden Highway ProjectIncludes a new open pit resource of 1,511,900 oz indicated at 0.93 g/t Au and 1,207,200 oz inferred at 1.10 g/t Au at Windjammer South and 55 at a 0.30 g/t Au cut-offThe updated mineral resource was independently prepared by Micon International Limited in accordance with National Instrument 43-101 (\"NI43-101\"), with an effective date of December 08, 2020 and using a database current as of October 06, 2020. The Golden Highway project has shown a significant improvement in size over the September 2020 resource estimate and remains open. The majority of the new resources are attributed to the new Westaway high grade discovery and the definition of near surface gold mineralization in open pits. Moneta has identified several adjacent targets displaying the same style and tenor of gold mineralization within the Golden Highway Project which were not included in this mineral resource update and are the focus of the current drill program. Moneta will also be drill testing the extensions of the current gold deposits within the Golden Highway Project in the winter 2020/2021 drill progra...