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Moneta Porcupine grows Golden Highway resource by over 200% The Golden Highway project is located near Timmins, Ontario, whose landscape is pictured here. (Reference image by James St. John, Wikimedia Commons). Moneta Porcupine Mines (TSX: ME) reported an updated mineral resource estimate for its Golden Highway project in Ontario, Canada. In a press release, the miner said that the update is based on the latest drill program completed during the first half of 2020, which yielded a 217% increase in total contained gold to 2,144,200 ounces in the indicated category, taking into account combin...

Moneta Porcupine Mines Inc.: Moneta Reports 2,144,200 oz Gold Indicated and 3,335,300 oz Gold Inferred Resources in NI 43-101 Golden Highway Resource Update Notes: Mineral Resource Estimates are reported at three different cut-off grades; 0.3 g/t Au for the surface mining scenario, 2.6 g/t Au for the South West PEA underground mine plan portion of the resources and 3.00 g/t Au for the underground mining scenario. The cut-off grade was determined at a gold price of US$1,500 per ounce and an exchange rate of USD$/CDN$ of 0.77. The resource estimate is supported by statistical analysis with diff...