Moneta Porcupine: 2020 Gold Discoveries Increased Mineral Resources by Over 300%

In Canada’s most prolific gold mining region

Moneta Porcupine Mines holds a 100% interest in 6 core gold projects and one joint venture strategically located along the Destor-Porcupine Fault Zone in the Timmins Gold Camp with over 85 million ounces of past gold production.

The main Golden Highway Project covers 12 km of prospective ground along the DPFZ of which 4 km hosts the December 2020 43-101 mineral resource estimate comprised of an indicated resource of 2,145,000 ounces gold contained within 55.3 Mt @ 1.21 g/t Au and a total of 3,337,000 ounces gold contained within 49.7 Mt @ 2.09 g/t Au in the inferred category at a 2.60 g/t Au at South West, 3.00 g/t Au cut-off for the other underground deposits and 0.30 g/t Au for the open pit deposits.

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