Symbol: TSX:
ME
TORONTO, March 1, 2019 /CNW/ - Moneta Porcupine
Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Moneta" or the
"Company") is pleased to announce the filing of a technical
report covering the new mineral resource estimate for its Golden
Highway Project, located 110 km east of Timmins, Ontario.
The Technical Report dated March 01,
2019 was prepared in accordance with National Instrument
43-101 standards for Disclosure for Mineral Projects ("NI 43-101")
and has been filed on both SEDAR and the Company's website
(www.monetaporcupine.com) and is now available for review.
The Report was prepared by Mr. B. Terrence Hennessey, P. Geo and Mr. Richard M. Gowans, P. Eng of Micon International
Ltd. of Toronto, Canada. Mr. B.
Terrence Hennessey, P. Geo and Mr.
Richard M. Gowans, P. Eng are both
considered "Qualified Persons" under NI 43-101. The new technical
report covers and supports the technical and scientific disclosure
as contained in the new mineral resource estimate reported in
Moneta's press release dated January 17,
2019 entitled "Moneta defines New Resource Estimate at its
Golden Highway Project of 383,400 oz of Gold at 4.61g/t of
indicated resource and 873,200 oz of Gold at 4.21g/t inferred
resource."
The technical content of this press release has been reviewed
and approved by Gary O'Connor,
FAusIMM of Moneta who is deemed a "Qualified Person" as defined by
NI 43-101.
About Moneta
The Company holds a 100% interest in 5
core gold projects strategically located along the Destor-Porcupine
Fault Zone (DPFZ) in the Timmins Gold Camp with over 85 million
ounces of past gold production. The projects consist of the key
Golden Highway Project and the North
Tisdale, Nighthawk Lake, Kayorum and Denton projects. The
Golden Highway Project hosts the current 43-101 resource and covers
12 kilometres of prospective Banded Iron Formation in contact with
Timiskaming clastic sediments located along the DPFZ.
The Company's public documents may be accessed at www.sedar.com.
For further information on the Company, please visit our website at
www.monetaporcupine.com or email us at
info@monetaporcupine.com.
SOURCE Moneta Porcupine Mines Inc.
