Moneta Porcupine Mines Inc. is pleased to announce that the Company has entered into a definitive share purchase agreement with O3 Mining Inc. pursuant to which Moneta will acquire all of the issued and outstanding shares of Northern Gold Mining Inc., a wholly-owned subsidiary of O3 Mining, which owns 100% of the Golden Bear assets, including the [...]
Moneta Porcupine Mines Inc. is pleased to provide an updated mineral resource estimate for the 100% owned Golden Highway Project, located 100 km east of Timmins, Ontario. The update is based on the latest drill program completed during the first half of 2020 . Highlights of Updated Golden Highway Mineral Resource Estimate: 217% increase in total [...]
Moneta Porcupine Mines Inc. is pleased to announce the filing of the technical report covering the Preliminary Economic Assessment "PEA" study on the South West deposit located in the Golden Highway Project, 110 km east of Timmins, Ontario. "We are pleased to have filed the Technical Report which supports the positive results from the preliminary [...]
Moneta Porcupine Mines Inc. is pleased to announce the commencement of its fall exploration drilling program on the Golden Highway Project, located 110 km east of Timmins, Ontario . Gary O'Connor, CEO commented, "We have been very pleased with the ongoing success of our exploration drilling at the Golden Highway project. Our last drill program at [...]
Moneta Porcupine Mines Inc. is pleased to announce the appointment of Jason Macintosh as Chief Financial Officer, subject to TSX approval. Gary O'Connor, CEO commented, "We are pleased to have attracted Jason Macintosh to the role of Chief Financial Officer and Corporate Secretary "CFO" at Moneta. Jason brings over 20 years of experience in the [...]
After tax C$236 million NPV5% and 30% IRR at US$1,500 per ounce Gold Moneta Porcupine Mines Inc. is pleased to announce the excellent results from the Company's Preliminary Economic Assessment of the South West deposit at its 100% owned Golden Highway Project located in Timmins, Ontario. The PEA study demonstrates robust economics and is based on a [...]
Moneta Porcupine Mines Inc. is pleased to announce the results from historical drilling along the new South Basin trend, including the South BIF target, on the Company's Golden Highway Project, 110 km east of Timmins, Ontario . Highlights: Historical drilling along the new South Basin trend on the southern margins of the regional sedimentary basin [...]
Moneta Porcupine Mines Inc. announces that Ian C. Peres has resigned as President and Chief Financial Officer of Moneta. Mr. Peres will remain as a director and will support the transition to the successor Chief Financial Officer. Mr. Alex Henry, Chairman of the Board said, "On behalf of the board, we thank Ian for his many valuable contributions [...]
Moneta Porcupine Mines Inc. is pleased to announce the results from five drill holes testing the western and eastern extensions of the 55 deposit from the current drill program. The 55 deposit forms part of the current NI 43-101 mineral resource estimate and the drill holes are part of the 2019/2020 winter drill program completed on the Company's [...]
The K2 Principal Fund L.P. announced that effective July 24, 2020 ceases to be an insider on Moneta Porcupine Mines Inc. of 65 3rd Ave, Timmins, ON, P4N 1C2. On July 24th, 2020 Moneta closed a financing of 15,036,486 common shares at $0.14 and 19,997,662 common shares at $0.21 on a flow-through basis. Prior to the financing, K2 held 31,719,000 [...]
Moneta Porcupine Mines Inc. announced the closing of its oversubscribed non-brokered private placement. The Company issued 15,036,486 common shares at $0.14 per share and 19,997,662 common shares at $0.21 issued on a flow-through basis , for aggregate gross proceeds of $6,304,617 . Gary O'Connor, CEO and Chief Geologist of Moneta commented, "The [...]
Moneta Porcupine Mines Inc. is pleased to announce the results from the final two drill holes testing the southern extensions of the new Westaway Target from the current drill program. Westaway is located outside of the updated November 2019 NI 43-101 mineral resource estimate and the drill holes are part of the 2019/2020 winter drill program [...]
