Moneta Porcupine and the Golden Highway deposit, Timmins, Ontario:
A new vision and a rapidly expanding gold resource By Gary O’Connor, BSc, FAusIMM, CEO and Chief Geologist
M
oneta Porcupine is rapidly advancing their South West deposit, the major focus of the Golden Highway Project near Timmins, Ont.
The project is located on the Destor Porcupine Fault Zone (“DPFZ”), the most prolific Archean gold-bearing structure in the world that has historically produced over 80 million ounces of gold. In 2017, Gary O’Connor was asked to evaluate the potential of Moneta’s 100-per cent owned Golden Highway Project. O’Connor, formerly vice-president of Dundee Resources, had previously evaluated the economic and investment potential of hundreds of projects including technical due diligence on resource projects across all continents covering gold, diamonds, base metals, energy metals, bulk commodities and uranium. After reviewing and verifying Barrick Gold’s 1996 and 1997 resource models and all of the core samples which are catalogued and well-stored at their Timmins facility, Moneta was able to confirm that an economic deposit was quite likely and that underground mining could be more profitable in comparison to previous open pit mining strategies. Moneta’s land position is one of the largest in the Timmins Camp after the three main gold producers, Newmont-Goldcorp, Kirkland Lake Gold and Pan American Silver, and includes the highly prospective Golden Ontario Prospector summer 2020 21
