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.
SOURCE: Moneta Porcupine Mines Inc.
For further information:
Ian C. Peres, President & CEO