TORONTO, May 18, 2017 /CNW/ - Moneta Porcupine Mines
Inc. (TSX: ME) ("Moneta") is pleased to
announce the appointment of Dr. Kevin
B. Heather to the Board of Directors, subject to standard
TSX approval.
Ian C. Peres, President and CEO
stated, "The addition of Kevin to the Board of Directors will add
significant and relevant project exploration and development
experience and in-depth technical knowledge to Moneta. We look
forward to his contribution and insight on the continued
exploration of Golden Highway and our overall land package."
Dr. Heather commented, "I am excited to be joining the Moneta
board to support the advancement of their exceptional land package
to the next stage of discovery and value/wealth creation for all
stakeholders. The Moneta land package is one of the last, large
land positions along the world class Destor Porcupine structural
corridor and already hosts a significant gold resource, but it is
my firm belief that there is much more gold to be found and I look
forward to contributing my technical knowledge to discover those
additional ounces."
Kevin B. Heather, B.Sc. (Hons),
M.Sc., Ph.D., is an exploration geologist with 40 years of field
experience in North and South
America and has a demonstrated track record of delivering
high-quality technical work that has led to value-wealth creation
in the junior exploration sector. Dr. Heather is a Fellow,
Councillor and Honorary Lecturer for the Society of Economic
Geologists (SEG) and is a co-founder and Chairman of the
Chilean-based charity "Fundación Mineros Contra El Cancer".
Dr. Heather was co-founder and is currently the Chief Geological
Officer and Technical Committee Chairman for Regulus Resources Inc.
(TSX-V: REG) and is responsible corporate oversight of the
technical aspects of the company's exploration activities in
addition to building a technical committee comprised of strong
geological, metallurgical, and engineering professionals to advance
the company's projects in Peru,
Argentina and Nevada.
Dr. Heather was also a founding officer and former Vice
President Geology of Antares Minerals Inc. (TSX: ANM) where he
directed the geological mapping, target generation, planning,
supervision, and execution of exploration programs that led to the
discovery of the high-grade Haquira East deposit in Southern Peru. He was also involved in the
overall development of the Haquira Cu-Mo-Au porphyry project which
was sold to First Quantum Minerals in December 2010 for C$650
million.
From 1985-1992, Dr. Heather was employed as a Senior
Geoscientist by the Ontario Geological Survey, where he was a team
leader for various large, field-based regional- and mine-scale
geological mapping programs in various Archean greenstone belts of
Northern Ontario. During this
time, Dr. Heather was part of a team specializing in the geology of
Archean mesothermal lode-Au deposits and co-authored several
publications. From 1992-1997, Dr. Heather was a Senior Geoscientist
for the Geological Survey of Canada, based in Ottawa, and was responsible for a 5-year,
multidisciplinary, regional geological mapping program in the
mineral prolific, Archean-aged Abitibi-Swayze greenstone belt of
Canada. This work formed the basis
of his doctoral dissertation at University of Keele (2001). In
1997, Dr. Heather joined Barrick Gold Corporation in Chile (Barrick Chile Ltda.) as a Senior
Exploration Geologist involved in exploration for high- and
low-sulphidation epithermal Au deposits in the high-Andes of
Chile and Argentina. From 1997-2002, Dr. Heather mapped
and explored within the prolific El Indio-Tambo mineral district
and the world-class Pascua-Lama
Au-Ag project in central Chile.
During 2002-2003, Dr. Heather completed a district-scale,
geological/structural mapping and target generation program for
Anglogold at their Cerro Vanguardia
low-sulphidation Au-Ag deposit in Patagonia, Argentina. This work lead to the discovery of
tens of kilometres of additional Au-bearing vein structures not
previously recognized or drilled.
About Moneta
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.
The Golden Highway Project covers 12 kilometres 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 Company's public documents may be accessed at
www.sedar.com. For further information on the Company, please visit
our website at www.monetaporcupine.com or email us at
info@monetaporcupine.com.
This news release includes certain forward-looking statements
concerning the closing of the Offering, the use of proceeds of the
Offering, future performance of our business, its operations and
its financial performance and condition, as well as management's
objectives, strategies, beliefs and intentions. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available at
www.sedar.com. Actual events or results may differ materially from
those projected in the forward looking-statements and we caution
against placing undue reliance thereon. We assume no obligation to
revise or update these forward-looking statements.
SOURCE Moneta Porcupine Mines Inc.