Moneta Porcupine: 8.4 Million Ounces of Gold Discovered
The ability to fast track to production
Moneta is a Canadian-based gold exploration company focussed on the Timmins Gold Camp in Ontario. The company holds a 100% interest in 6 core gold projects and a 50% JV with Kirkland Lake Gold strategically located on or along the Destor Porcupine Fault Zone corridor (“Destor”), one of the key mineralized structures in the Abitibi Greenstone belt in Ontario, with excellent infrastructure including access roads, water, electricity, and mills. Most gold mineralization in the region is associated with the Destor, including significant resources and producing mines now operated by Porcupine Gold Mines (Newmont-Goldcorp) and several others such as McEwen Mining, Pan American Silver, Osisko Mining and Kirkland Lake Gold.
The Company’s flagship project, covering the Golden Highway and Garrison Gold deposits, is located 100km east of Timmins. Further, this district features excellent infrastructure and is one of the safest mining jurisdictions in the world. Moneta has already discovered over 8.4 million ounces of gold. This is an increase of more than 485% in 2020. Markedly, Moneta now holds one of the largest undeveloped gold resources in North America.
For more information on Moneta Porcupine Mines Inc. (TSX: ME, OTC: MPUCF) please click the request investor info button.