RCKS Talk

21-Jun-2018

Moneta Porcupine Mines Inc.

More High-Grade Intercepts from Golden Highway

Impact: Mildly Positive

Moneta Porcupine announced the results from 7 diamond drill holes completed at on the South West Deposit at the Golden Highway Project near Timmins.
  • Step-out drilling has continued to extend the strike and depth of the vein structures including the discovery of the new, Walnut vein, increasing the total number of veins to 17
  • Moneta highlighted drillhole MGH17-081 intersecting 1.93m grading 34.36 g/t Au including 1.03m grading 65.10 g/t Au, which confirmed the northern and up-dip extensions of the Cedar vein
  • Moneta is continuing with the 41,100m drill program 70-hole expansion to their drilling program; assays for additional holes are pending for South West and “55” areas and will be released as they become available
After our site visit, we believe that the likely high-grade resource at Golden Highway is going to be an important catalyst for the company and make it attractive to potential bidders. The market is currently undervaluing the potential for the definition of a significant maiden underground resource.

05-Jun-2018

Moneta Porcupine Mines Inc.

Moneta Extends Mineralization at Golden Highway

Impact: Mildly Positive

Moneta Porcupine announced the completion and released the final results from 6 diamond drill holes, totalling 3,085m, from the Windjammer North area of their Golden Highway Project, near Timmins.

  • Step-out drilling has extended Zone 1 and 2 up-plunge 125m each, which includes intersections of 3.6g/t Au over 3m and 2.11g/t over 2.21m, respectively
  • Two additional zones, Zone 3 and Zone 4, tested extensions at depth, which includes 7.52g/t Au over 9.5m extending Zone 3 by over 125m down-plunge to the west
  • Exploration success continues to add to the list of prospective targets on the Golden Highway Project
After our site visit, we believe that the likely high-grade resource at Golden Highway is going to be an important catalyst for the company and make it attractive to potential bidders. The market is currently undervaluing the potential for the definition of a significant maiden underground resource.

24-May-2018

​Moneta Porcupine Mines Inc

Results Support Higher-Grade Potential of Golden Highway

Impact: Positive

We recently visited Moneta Porcupine Mines Inc.’s (TSXV:ME) Timmins assets and were generally impressed with our visit, we view these recent drill results as a positive development for the company as it targets the Golden Highway property’s high-grade underground potential for an upcoming resource.

  • Step-out drilling at South West continues to extend vein structures.
  • Updated resource later this year is likely to change the story
  • Market is undervaluing the potential for defining a significant maiden underground resource
We believe that the likely high-grade resource at Golden Highway, is going to be an important catalyst for the company and make it attractive to potential bidders.


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