Moneta Porcupine Mines Advanced Gold Exploration East of Timmins, Ontario August 2008 TSX: ME 1 TSX: ME TSX: ME
Forward-looking Statements This presentation contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 2 TSX: ME
Corporate Highlights Key Asset: The Golden Highway Project (“GHP”) • Southwest Zone: 3.3M tonnes @ 6.0 g/t Au (624,500oz historical resource) • Windjammer South: 2.1M tonnes @ 2.1 g/t Au (154,000oz NI 43-101 resource) • 55 Zone : High grade intersections (27.75m @ 9.68 g/t) Good Address • On the Destor Porcupine Fault Zone (“Destor”), within western Abitibi Greenstone Belt • 70 million ounces of gold mined to date on the prolific Destor, east of Timmins Infrastructure/Support: all properties have access to highway & power Expanding NI 43-101 gold resources 3 TSX: ME
Timmins Gold Camps 4 TSX: ME
Regional Perspective 5 TSX: ME
Western Abitibi Greenstone Belt: Destor Porcupine Fault Zone 6 TSX: ME
Western Abitibi Greenstone Belt • Destor Porcupine Fault Zone – 70 million oz. produced along Destor from 26 mines – Goldcorp is the major producer on the Destor today • Active camps on Western Abitibi Greenstone Belt (Ontario) – Porcupine Camp (Timmins) – Golden Highway – Kirkland Lake to the south • Major mines include: – Hollinger (19.3M oz) – McIntyre (10.8M oz) – Dome (15.8M oz) – Pamour (8.0M oz) • Juniors active along the Destor include: – Lakeshore Gold, St Andrew Goldfields, Appollo Gold, Valgold, Moneta 7 TSX: ME
East Timmins Arena Tim iskam ing sedim ents locally M ajor faults w ith banded iron form ation M ines and Resources M ineralization trends Pipestone Fault Zone D PFZ D estor-Porcupine Fault Zone PFZ PFZ D P F Z 5 D PFZ 7 M atheson JON PO L M INE H W Y 101 8 H islop Pit/ New Kelore R OS S M INE (995,832 oz @ 0.148 oz/t) ST A N D R EW G O LDFIELDS 6 S hares issued 208.5M Capitalizatio n C$ 125 .1 M @ $0.60 5 2 wee k trading range C$ 0 .47 - 1.65 H W Y 11 (7) H O L LO W A Y M INE b ough t from N ewm ont, re-developm e nt u nderway, production to d ate 881 ,963 oz @ 0.16 2 oz/t; m easured 0.728 M t @ 7.0 g/t, indicated 3.29 4 M t @ 7 .5 g/t, inferre d 1.15 4 M t @ 7.3 g/t (8) H O L T-M cDE RM O T T M INE A PO LLO G O LD (Hollow ay No. 3 sha ft) M O N ETA PO R C U PINE M INES S hare s issued 156.2M p roduction to da te 1,322,332 oz @ 0.162 oz/t, bough t from Newm ont Capitalizatio n C$ 93 .7 M @ $0.60 (acq uired fro m B arrick), red evelop m ent unde rwa y, exp loration potential 5 2 wee k tra ding range C$ 0 .40 - 0.89 S hare s issued 98.5M C apitalization C $ 22 .7 M @ $0.23 (5) B LA CK F O X PRO JE CT VALG O LD 5 2 wee k tra ding range C$ 0 .09 - 0.28 (form er G lim m er M ine, 209,926 oz @ o.173 oz/t) (6) S O U TH W EST Z O NE O pen pit: m inea ble 0.7 78 M t @ 8.91 g/t; B arrick 1 997 historical resou rce 624,500 oz @ 0.1 74 o z/t * indicate d 2.356 M t @ 3.27 g/t; inferred 6.26 M t @ 4 .00 g/t G O LD CO RP M ICH A U D PROJECT U nderground: indicated 1.004 M t @ 9.6 6 g/t; A crex vested at 50% on '55' and W estern Zones inferred 1.228 M t @ 9.71 g/t form er S AS O ption W IN DJAM M E R JV S cope d for 1,500 tpd, fin al feasibility underway a cquired from Newm ont, 2 zone s, curre ntly being e valuated ONTARIO Q B A R R ICK * M eixn er R ep ort SE DA R Ap ril 21, 2005 U 0 10 E B N EW M O NT E km C D ata taken from governm ent and corporate sources including w ebsites and annual reports w ith no guarentee for accuracy given; Decem ber 2007. M arket data from January 11, 2008. 8 TSX: ME
Golden Highway Project: Overview • Properties have been assembled over 20 years – Covers ~ 12.5 km of the Destor and two major splays (Pipestone and Arrow) • 658 claim units (~10,600 hectares) centered on Southwest Zone – Located in Michaud and surrounding townships • Different mineralized geological settings along the Destor: – Southern Corridor : altered Timiskaming sediments – Northern Corridor : Mafic volcanics • 3-D digital deposit and regional models developed on over 400 drill holes on Moneta properties and 1,200 drill holes overall 9 TSX: ME
Golden Highway Project 10 TSX: ME
Golden Highway Project: Southwest Zone • 100% owned with no underlying encumbrances or royalties • Discovered by Moneta in 1987-8 • Barrick drilled 78 holes in $4.5 million JV program from 1994-1997 – Barrick developed historical inferred resource of 624,500 ounces 3M tonnes averaging 6 g/t � with 3-4 g/t cutoff – – Barrick was seeking high-grade mill feed for Holt-McDermott Mill • 1km of strike length based on drilling to-date • Deposit is mineralized broadly to 450m depth – Mineralized intersections at 1,000m • Potential to extend the deposit east, west south and at depth • NI 43-101 resource estimate to be completed 11 TSX: ME
Golden Highway Project: Windjammer Joint Venture • Acquired 50% interest from Newmont in November 2007 – 4.4 million shares issued (4.4%) with 12-month hold period – Moneta is operator – 22 leased claim units – No underlying encumbrances or royalties • Two gold zones identifed by Noranda drilling in mid-1980s – Windjammer South – Windjammer North • C ontiguous with eastern end of Golden Highway Project 12 TSX: ME
Golden Highway Project: Windjammer South • Initial NI 43-101 resource estimate (July 2008) – 154,000oz (2.1M tonnes @ 2.1 g/t Au) – Summer drill program near completion to expand NI 43-101 resource • On strike 1 km northeast from the Southwest Zone • Gold mineralization over 400m strike length – Defined to 350m depth by 23 Noranda drill holes and confirmed by 3 Moneta drill holes in 2007 – Single hole mineralized past 1,000m depth • Potential to expand the deposit east, west, south and at depth 13 TSX: ME
Golden Highway Project: Windjammer North • On strike with Moneta mineralized zones north of the Destor – Twin Creeks Zone, Last Chance Zone, and Landing Zone • Gold mineralization over 400m strike length – Defined by 21 Noranda drill holes – Altered mafic volcanics similar to Holloway Mine 20 km away – Quartz vein intercepts typical of Timmins camp • Deposit is more complex than Windjammer South – Potential to expand deposit in all directions & at depth 14 TSX: ME
Golden Highway Project: Michaud Joint Venture • 50/50 joint venture with Acrex Ventures Ltd. – 65 claim units (~ 10% of the Golden Highway Project) • 55 Zone – Identified by 26 drill holes – On strike west from Southwest Zone – 350m mineralized strike length defined to depth of 350m – Highlights from 8-hole program from 2008: 27.75m @ 9.68 g/t • Potential for additional 2km mineralized corridor including – Western Zone – Dyment3 15 TSX: ME
2008 Operating Program Focus on Golden Highway Project • Windjammer South initial NI 43-101 resource estimate (completed) • Drilling to expand mineralization and NI 43-101 resource estimates – Windjammer South (in progress) – Between Windjammer South and Southwest Zone (in progress) Prepare Southwest Zone for NI 43-101 resource estimate (in progress) Develop bulk tonnage deposit model – Comparables: Detour Lake; Osisko Update 3D geological modeling to identify future drill targets 16 TSX: ME
Recommend
More recommend
