TIMMINS, ON, Dec. 12, 2012 /CNW/ - Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) (the
"Company") announces that it has filed on SEDAR the NI 43-101 compliant and
independent technical report titled "Technical Report, Updated Mineral
Resource Estimate and Preliminary Economic Assessment of the Golden
Highway Project" ("Technical Report") on the Company's 100% owned
Golden Highway Project, located east of Timmins.
The Technical Report dated December 11, 2012 is available at www.sedar.com and on the Company's website.
Moneta holds a 100% interest in 5 core gold projects strategically
located along the Destor Porcupine Fault Zone in the world class
Timmins Camp with over 85 million ounces of past gold production.
Moneta's land position is one of the largest after three gold producers
including the highly prospective Golden Highway Project. The Golden
Highway Project covers 12 kilometers of a highly prospective
volcanic/sedimentary belt along the Destor Porcupine Fault Zone and
currently hosts a NI 43-101 resource estimate of 1,091,000 ounces
indicated (31.1 Mt at 1.09 g/t Au) plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within
four kilometres. The Golden Highway Project hosts exceptional
infrastructure including paved highway access, water, electricity,
skilled labor force, and nearby mills.
Moneta's public documents may be accessed at www.sedar.com. For further information on Moneta, please visit our website at www.monetaporcupine.com or email us at email@example.com.
SOURCE: Moneta Porcupine Mines Inc.
For further information:
Ian C. Peres, President & CEO