SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : MONETA PORCUPINE ME.t -- Ignore unavailable to you. Want to Upgrade?


To: Bannick who wrote (426)9/2/1998 9:39:00 PM
From: John BOYCE  Read Replies (1) | Respond to of 440
 
What the hell is going on with ME,down to 3.5 then up to .07 on fairly heavy volume. Any idea why the price dipped to 3.5 and then doubled today to .07. What a mess with this stock. John Boyce



To: Bannick who wrote (426)9/26/1998 11:10:00 PM
From: D LEE  Respond to of 440
 
September 8, 1998

Trading Symbols

ME TORONTO STOCK EXCHANGE
ME BERLIN STOCK EXCHANGE
MOP FRANKFURT STOCK EXCHANGE

MONETA - AGREEMENT WITH CAMECO GOLD

Moneta Porcupine Mines Inc. ("Moneta") announces it has entered into an
Agreement with Cameco Gold Inc. ("Cameco") whereby Cameco can earn a 60%
interest in Moneta's Kayorum Property.

Terms of the Agreement, provide for Cameco to make cash payments totalling
$100,000 to Moneta over three years and to spend $1.5 million exploring the
Property.

The Kayorum Property in Timmins is south of the Hollinger Mine (19.4 million
ounces) and adjacent to the Aunor (2.5 million ounces) and Delnite Mines (0.92
million ounces) of Royal Oak Mines, and is due west of Placer Dome's Dome Mine
(13.4+ million ounces). It is a large (6 sq. km.) land package of which a part is
relatively unexplored.

In late September Cameco will commence an exploration program that includes
diamond drilling.

Moneta is a long-established junior mining company with extensive gold and base
metal properties in the prolific Porcupine Camp and an integrated industrial mineral
project with significant reserves in Idaho, U.S.A.

FOR FURTHER INFORMATION PLEASE CONTACT:

INTERNET HOME PAGE: monetaporcupine.com
Moneta Porcupine Mines Inc.
Rod Whyte (Chairman) Fran Yungwirth (CEO)
London, England 011 44 171 736-2212 Timmins, Ontario (705) 264-2296




To: Bannick who wrote (426)9/26/1998 11:14:00 PM
From: D LEE  Read Replies (2) | Respond to of 440
 
CORPORATE DATA September 24, 1998

ME TORONTO STOCK EXCHANGE
ME BERLIN STOCK EXCHANGE
MOP FRANKFURT STOCK EXCHANGE

Common Shares Issued 47,083,170
Warrants (unlisted) ex 20 cents 2,615,732
Share Price $0.12
Share Price Range (12 month) $0.39 - $0.35
Market Capitalization $5.6 million

Moneta Porcupine Mines Inc. (Moneta) is a long established Canadian junior mining
company and has been listed on the Toronto Stock Exchange since 1910. The
company has an experienced management team and a high quality exploration
portfolio, comprising almost 10% of the prolific Porcupine Gold Camp, which has
produced 63 million ounces of gold to date. Moneta's twelve Porcupine Camp gold
properties are located along the 120 km of the Destor Porcupine Fault Zone (DPFZ)
which hosts world class mines operated by Barrick, Kinross and Placer Dome.

Moneta's corporate strategy has been to minimize exploration risk and maximize
shareholder reward from it's large exploration portfolio by a combination of Joint
Venture and sole risk exploration. The principal JV is with Cameco which must pay
$100,000 cash and commit $1.5m in exploration over 3 years to earn 60% of
Moneta's Kayorum property. Moneta's greatest asset is the 454 claim Golden
Highway project, east of Timmins. This large, well advanced exploration property
is located on the DPFZ, has had over $10 million spent to date and has a 460,000
oz. gold resource (2.4mt @ 6.1 g/t) with multi million ounce potential. Innovatively,
Pentland Firth and Moneta have pooled 73 claim units to create the North Tisdale
JV and explore the prospective 14 km extension of the "New Mine Trends",
northeast of Timmins.

In 1997, Moneta undertook $510,000 of sole risk exploration and focused on the
Nighthawk Lake gold property with minor expenditure on the Kamiskota base metal
properties. Moneta's 106 claim Nighthawk Lake properties are located between the
Royal Oak and Echo Bay operations which have estimated gold resources in excess
of 3 million ounces. Moneta has successfully drilled exploration targets in a similar
geological setting with highly encouraging assay results. Moneta's wholly owned
US interests comprise a gold property and an integrated perlite producer with
significant reserves. Moneta also receives income in the form of option
payments and management fees.

Internet home page monetaporcupine.com