TIMMINS, ON, Dec. 4, 2012 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) (XETRA: MOP) ("Moneta" the "Company") is pleased to announce the appointment of Mr. Roger Aubertin, P.Eng. to the position of Vice President, Exploration for the Company. Mr. Aubertin will also serve as a Qualified Person for the Company as defined under National Instrument 43-101.
Mr. Aubertin most recently held the position of Exploration and Site Project Manager at Detour Gold Corporation where he played a pivotal role in the planning and oversight of a 450,000 metre delineation drill program resulting in proven and probable gold reserves of 14.9 Moz at its Detour Lake gold deposit in Ontario, currently under construction. He was directly responsible for the coordination of field activities related to a feasibility study including geotechnical studies, metallurgical sampling, and EIA (permitting).
Ian C. Peres, President and CEO of Moneta commented, "We are very pleased to welcome Roger to Moneta's technical team in the role of Vice President, Exploration. Following the significant updated NI 43-101 gold resource estimate in October 2012 on our Golden Highway Project and the very favorable Preliminary Economic Assessment for the project, Roger's appointment is another key step in transforming Moneta into a mineral development company. Roger's experience at Detour Gold will add significant technical depth to our ongoing drill programs to expand our gold resource base and advance the re-classification of the Company's existing NI 43-101 resources from inferred to measured and indicated."
Mr. Aubertin is a highly accomplished and well-known professional geological engineer with over 38 years of in-depth experience in the natural resource sector. He has an excellent spoken and written command of English, French and Spanish and has managed, supervised and carried out all field activities related to the technical aspect of the mineral exploration process. He has worked as a geologist for several companies and government organizations, including Falconbridge, Quebec Department of Natural Resources, Noranda, and Natural Resources Canada.
His extensive exploration and project management experience includes managing most of Pangea Goldfields' projects in Peru, Mali and Tanzania and later Pangea Minerals (Barrick Gold Corporation) on the Tulawaka project. Mr. Aubertin is a member of the Quebec Order of Engineers and graduated with a B.Sc. in Geology from Ecole Polytechnique in Montreal.
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.
SOURCE: Moneta Porcupine Mines Inc.
For further information:
Ian C. Peres, President & CEO