Moneta updates South West deposit resources at Golden Highway

Toronto-based Moneta Porcupine Mines has updated the mineral resource for the South West gold deposit at its Golden Highway project 110 km east of Timmins. The results of recent drilling show increased numbers in all categories.

Highlights from South West:

• Indicated: 58% increase to 472,000 oz. at 4.53 g/t.
• Inferred: 40% increase to 1.1 million oz. at 4.32 g/t gold.
• An increase in overall grades.

The company also shared total Golden Highway numbers:

• Indicated: 45% increase to 556,500 oz. at a grade of 4.53 g/t gold.
• Inferred: 34% increase to 1.2 million oz. at a grade of 4.31 g/t gold.

Moneta said it used a gold cut-off grade of 3.00 g/t for all estimates.

(This article first appeared in the Canadian Mining Journal)