OTCQX:MEAUF - Post by User
Comment by
goldeagle1on Dec 15, 2012 9:34am
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Post# 20734980
RE: RE: RE: RE: Happy Days.....
RE: RE: RE: RE: Happy Days.....
TSX: ME
Moneta Porcupine Mines
Advanced Gold Exploration in the Timmins Camp
TSX: ME I OTC: MPUCF I XETRA: MOP
Right location, $748 million Net Present Value,
top tier institutional investors,
4.3M oz gold open along strike and to depth
Location: 100% ownership in world class Timmins Camp - Ontario (Canada)
100% owned with
no royalties or encumbrances
NI 43-101 resource of 4.3Moz in 6 of 10 known gold zones within 100km2 property
Favourable PEA*- 3.8 million ounces metal production in Timmins, ON
$748 million NPV and 24.4% IRR at US$1,350 gold/oz
3Moz in pit & 1.3Moz high grade underground immediately below Southwest Zone pit
? 2012 Exploration success to date
? Resource model expanded to include 3 new domains
? NI 43-101 resource update (Oct 2012)
? 39% increase in gold resources from Dec 2011
TSX: ME
NI 43-101 Resource:
Block Model and Pit Outlines
Golden Highway – a large and pervasive gold system:
footprint continues to increase with significant expansion
potential along strike and below pits to depth
NI 43-101 Resources
Rapid growth in an open gold system
Value proposition: World class Timmins Camp asset
trading at $8/oz ( appr. 1/10th of market value)
with top tier institutional shareholders
Moneta’s four Porcupine Camp properties are adjacent to gold producers and
other active gold exploration projects along the Destor
Kayorum (100% - 52 claims)
• Between Hollinger Mine (19M/oz) and Dome Mine (17M/oz to date)
• Immediately adjacent to Goldcorp Hollinger super pit expansion
• Hosts the Moneta Mine (7 levels to 450m depth):
– Former high grade producer (1940’s: 150,000 oz @ 0.47 oz/t)
– Gold at $35 in 1940’s – cutoff was 8.00g/t
– 2011 drilling: significant grade remains within & outside mine workings
North Tisdale (100% - 166 claims)
• Titan survey completed in Q1 2012:
– significant anomalies along projected New Mine Trend
(hosts: Goldcorp - Hoyle Pond & Owl Creek Mines and Lake Shore - Bell Creek)
• Deeper drilling target – untested depth potential
Nighthawk Lake (100% - 150 claims)
• Hosts the Collins Zone (open: 700m strike X 300m depth)
• Potential open pit resource (local high grade: 9.54 g/t over 5.75m)
• Milling infrastructure nearby (Stock, Dome and Bell Creek Mills)
• St Andrew Goldfields - Aquarius project: 6km east
• Goldcorp Nighthawk Break deposits: directly adjacent south
Denton Thorneloe (100% - 16 claims)
• Property located in West Timmins along Destor directly southwest of Lake
Shore’s Thunder Creek
• Richmont discovery adjacent imm
Expanding NI 43-101 gold resources in a strategic land package of scale
4.3Moz NI 43-101 gold resources in 6 of 10 gold zones in Golden Highway
• Updated resource estimate reported Oct 2012
• Asset is being de-risked with significant expansion potential
Top tier institutions are existing shareholders
Attractive valuation – trading at $8 / oz in situ
Location: World class Timmins camp
• Ideal infrastructure, politically secure, and pro-mining jurisdiction
Significant ownership stake by Directors and Management team
Moneta Porcupine Mines Inc.
65 Third Avenue,
Timmins, Ontario, P4N 1C2
www.monetaporcupine.com
info@monetaporcupine.com
Ian C. Peres, President & CEO
+1.416.579.3040 I Toronto
+1.705.264.2296 I Timmins
iperes@monetaporcupine.com