Moneta reports wide mineralized intervals at Golden Highway

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[{"type":"text","content":"\n\n\nTORONTO, Oct. 29, 2013 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) (XETRA: MOP)\n (\"Moneta\" or the \"Company\") is pleased to report drill results from its ongoing 30,000 metre\n drilling program at its 100% owned Golden Highway property in Timmins, Ontario.\n\n\nThe Company is currently reporting assay results from 50 drill holes and\n 2 drill hole extensions totaling 21,500 metres. Two drill rigs have\n been in operation since the beginning of the year and assay results are\n pending for other drill holes.\n\n\nThe 2013 drill program is primarily focused on the renamed Windjammer Zone - south, central, north and west areas (previously Windjammer South, Windjammer Central, Windjammer North and\n Gap Zone, respectively) and included areas previously drilled on 100 metre drill spacing\n within the Preliminary Economic Analysis (Dec 2012) (\"PEA\") conceptual open pits. 2013 program objectives included an upgrade in\n the category of resource ounces to Measured and Indicated (\"M&I\") from previously reported Inferred ounces.\n\n\nThe successful 2013 in-fill drill program on 50m spacing within the Windjammer Zone has confirmed similar grade and widths to the previous drilling, with\n improved grade and broader widths in certain areas. Strategic drilling\n has also successfully confirmed western extensions of the\n mineralization from the Windjammer Zone towards the Southwest Zone.\n\n\nManagement believes that the Windjammer Zone will see a notable upgrade to NI 43-101 M&I resource ounces from\n previously reported Inferred ounces with a possible increase in tonnage\n and total resource ounces.\n\n\nIan C. Peres, President and CEO said, \"We are pleased to report that we\n are funded into 2014 with a healthy treasury position. With higher\n resource confidence established after in-fill drilling the large open\n pit gold resources, our focus now shifts to the higher grade below the Southwest Zone portion of the open pit. The combined open pit and underground mining\n approach confirmed in the December 2012 PEA establishes Golden Highway as a project of scale with higher grade than comparable deposits, and\n this, in one of the best mining jurisdictions in the world.\"\n\n\nRoger Aubertin, Vice President Exploration said, \"The gold distribution\n along the 2.8 km wide structural corridor of the Golden...

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