Thursday, March 12, 2009

Moneta's Windjammer South's Resources Upped To 305,379 Oz Indicated + 211,951 Inferred

Moneta Porcupine Mines Inc. has announced that the old estimate of 154,000 ounces of gold inferred on its wholly-owned Windjammer property has now been upped. It's now 305,379 oz. indicated and 211,951 inferred, using a 0.7 g/t cutoff in the Windjammer South zone. The news release goes into further detail, and also mentions a historical inferred-resource estimate for Windjammer Southwest.

This item hit the web right after trading began yesterday. At trading's end, Moneta closed at 10 cents, down a penny on the day with heavy volume.

The company's Google Finance web page is here.

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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.

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