TORONTO, Nov. 10, 2017 /CNW/ - Moneta Porcupine Mines
Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP) ("Company") is pleased to
announce the appointment of Rodney A.
Cooper to the Board of Directors, subject to regulatory
approval.
Rodney A. Cooper, P.Eng., MBA, is
a professional engineer who, from 2011 to 2017, was President and
Chief Operating Officer of Labrador Iron Mines Limited where he
maintained stakeholder relationships including several complex
agreements with First Nations, multiple rail and port logistic
agreements, and negotiations with the Quebec and Newfoundland provincial regulatory regimes. He
was actively involved in approximately $100
million in equity financings and $30
million streaming deal financing. He was also instrumental
in negotiating a $30 million joint
venture with Tata Steel on one
deposit.
From 2009 to 2011, Mr. Cooper was Vice President and Senior
Mining Analyst at Dundee Securities where he covered 17 listed
companies in the commodity space, of which 7 became the targets of
successful mergers and acquisitions. During his tenure he was
actively involved in equity and debt deals exceeding $5 billion in value.
From 2000 to 2009, Mr. Cooper was Vice President, Technical
Services in the corporate office of Kinross Gold Corporation where
he established a team of engineers and geologists responsible for
project evaluation, project development, technical and economic
studies and for the integrity of the resource and reserve base and
reporting system. He worked extensively with the operating mines
and projects in Ontario,
Alaska, Nevada, Washington, Nunavut, Russia, Zimbabwe, Chile and Brazil. He successfully implemented a complex
geotechnical and mine closure effort for 14 historical mines
simultaneously, in joint venture with the Ontario Ministry of
Northern Development and Mines, in and around Timmins, Ontario. The program was completed
under budget and a year ahead of schedule, paving the way for the
formation of the Porcupine Joint Venture with Placer Dome, which
effectively consolidated gold assets in the Timmins Gold Camp. The
assets are now owned and successfully operated by Goldcorp.
About Moneta
The Company holds a 100% interest in 5
core gold projects strategically located along the Destor-Porcupine
Fault Zone in the Timmins Gold Camp with over 85 million ounces of
past gold production. The projects consist of the Golden Highway,
North Tisdale, Nighthawk Lake,
Kayorum and Denton projects. The Golden Highway Project covers 12
kilometres of prospective ultramafic/mafic volcanic/sedimentary
rocks along the DPFZ hosting a NI 43-101 indicated resource
estimate of 1,091,000 ounces (31.1 Mt at 1.09 g/t Au) and 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.
SOURCE Moneta Porcupine Mines Inc.