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Moneta Porcupine Mines
TSX: METSX: ME1
Active Gold Exploration Along Prolific Destor, NE Ontario
TSX: ME
October 2009
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
TSX: ME2
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.
Corporate Information
Stock exchange listings TSX: MEXetra/Frankfurt/Berlin: MOP
Share price range (52 week) $0.19 – 0.03
Recent price $0.16
Market capitalization
Moneta is one of the longest continuously-listed companies on the TSX…
TSX: ME3
Market capitalization $18 million
Shares outstanding 112.7 million
Fully diluted 125.9 million (7.8M options @ average $0.11 / 5.4M warrants @ $0.18)
Ownership by insiders 16.5 million
Cash on hand $2.1 million (Sep 1, 2009)
Corporate offices Timmins, Ontario
Debt outstanding Nil
…with no share consolidations in its 99 year history.
Board of Directors and Management
Management Directors:
• Ian C Peres, CA Over 15 years of experience in capital markets, resource President & CEO (Toronto, Ontario) sector, and retail and institutional financing
• Rod Whyte, B Econ, B Arts Over 35 years experience in all aspects of natural Chairman (London, England) resource sector
Independent Directors:
• Warren Bates, P Geo Senior VP of Pelangio Exploration (TSX: PDX); over 25
TSX: ME4
• Warren Bates, P Geo Senior VP of Pelangio Exploration (TSX: PDX); over 25 years of experience including the Abitibi Greenstone Belt
• Michael Coulson Experienced analyst and mining commentator
• Alex Henry, CA Financier and asset manager
• Charles Parsons, FCA Long international experience in resource sector
Management:
• Rainer Skeries, P.Geo. Over 20 years experience in Abitibi Greenstone belt Exploration Manager
• Francis Yungwirth, P.Eng., LLB Timmins-based lawyer and mining engineer Corporate Counsel
Regional Perspective
Gold mines along Destor have produced 72Moz; Moneta has 10 Destor projects…
O N T A R I O
Hemlo
0
BLACK FOX (GLIMMER MINE 0.21 Moz)
XSTRATA - KIDD CREEK MINE
AQUARIUS PROJECT (1.2 Moz)
STOCK MINE (0.13 Moz)
ROSS MINE (1.0 Moz)
HOLLOWAY MINE (0.9 Moz)
ST ANDREW GOLDFIELDS
HOLT-McDERMOTT MINE (1.3 Moz)
XSTRATA - KIDD CREEK METALLURGICAL COMPLEX
PAMOUR MINE 4.2 Moz
DOME MINE 15.7 Moz
6
45
3
2
HOYLE POND MINE 2.3 Moz
McINTYRE MINE (10.7 Moz)
HOLLINGER MINE (19.5 Moz)
km
10 20
Mafic/ultramafic volcanics
Major faults
Mineralization trends/zones
Mines - selected past/present (2006 production figures)
Timiskaming sediments locallywith banded iron formation
7
8
9
12
13
11
10
GOLDCORP (formally PJV)
km
2000
90 W
U. S. A.
Red Lake P Q
Noranda
Val d'Or
80 W
Detailed Map
LakeKirkland
Timmins
45 N
50 N
APOLLO GOLD
LAKESHORE GOLD
1 TIMMINS MINE
TSX: ME5 …with a current focus on the Golden Highway Camp.
GOLDEN
HIGHWAY
CAMP
Moneta Porcupine Mines
MICHAUD /
GARRISON /BARNET
DESTOR
KAYORUM
NORTH
TISDALE
DEST
OR
Timmins
NIGHTHAWK
LAKE
PORCUPINE CAMP
km
7
32
4
5
6
PORC
UPI
NE
ZONE
FAU
LT
HWY 101
9
8
GUIBORD
PIPESTONE FAULT
HWY 11
11
10
Matheson
kmU. S. A.
QU
EB
EC
TORONTO
ON
TA
RIO
HWY 10113
12 PORCUPINE FZ
Moneta / Acrex Ventures JV
Moneta / St Andrew Goldfields JV
GOLDEN HIGHWAY
PROJECT1
HWY 144
DENTON
Destor Porcupine Fault Zone (Destor)along Abitibi Greenstone Belt (Ontario)
• Goldcorp is advancing the large scale Hollinger open pit project
• adjacent to Moneta’s Kayorum property
• Lake Shore commenced production at Bell Creek and accelerating exploration in West Timmins
• West Timmins announces high grade intersections / receives full bid from Lake Shore Gold
The Destor is the Ontario section of the famous Abitibi Greenstone Belt...
TSX: ME6
• VG Gold announces good exploration results and welcomes Rob McEwen (Lexam) as new major shareholder
• Apollo Gold now in production at Black Fox and expands exploration program at Grey Fox
• St Andrew enters custom milling agreement with Apollo Gold and anticipates early production at Holloway and Hislop Mines, which are both:
• adjacent to Moneta’s Golden Highway Project
• Explor Resources and Temex Resources acquire additional exploration properties in Timmins area and increases regional exploration activity.
…which is in a renaissance with both new discoveries and corporate activity.
Porcupine Camp Properties
• Kayorum (100% - 52 claims)
• Between Hollinger (produced 19.1M/oz) and Dome Mines (17.1M/oz to date)
• Contiguous to both VG Gold project and Goldcorp Hollinger open pit project
• Includes Moneta Mine: former high grade producer (~150,000 oz @ 0.47 oz/t)
• Nighthawk Lake (100% - 121 claims)
• Collins Zone on Destor (Open: 500m strike X 300m depth)
Moneta’s four Porcupine Camp properties are adjacent to past gold producers…
TSX: ME7
• Collins Zone on Destor (Open: 500m strike X 300m depth)
• Conceptual low grade open pit (local high grade: 9.54 g/t over 5.75m)
• St Andrew Aquarius project is due east and Goldcorp Nighthawk Break deposits due south
• North Tisdale (100% - 166 claims)
• Located along North Mine Trend (north of Destor) near Lake Shore Bell Creek mine and Goldcorp Owl Creek project
• West Timmins ( 100% - 16 claims)
• Due southwest of West Timmins Thunder Creek discovery with Ni-Cu and gold potential
…and to other active gold exploration projects along the Destor.
Moneta’s focus: Golden Highway Project
TSX: ME8
Golden Highway Project (GHP)
Current Resources* (100% owned)
• Southwest Zone 3.3 Mt @ 6.0g/t Au (624,500oz)
(historical resource)
• Windjammer South 7.8 Mt @ 1.22g/t Au (305,000oz) indicated and
(NI-43-101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred
The GHP covers 12 km of strike along the Destor with 10 distinct gold zones…
TSX: ME9
(NI-43-101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred
* Moneta has 8 additional gold zones along GHP
Good Address
• 665 claim units (~10,600 hectares) along Destor 20km west of the Holloway mine
• 72M oz of gold mined in Porcupine and Golden Highway Camps, on the prolific Destor
Good infrastructure
• all properties have direct access to roads and power
Moneta’s objective is to expand NI 43-101 compliant resources
…and additional strike along Destor splays (Pipestone, Munro and Arrow).
Golden Highway Project: Southwest Zone (100% owned)
• Zone: (open: 1,000m strike X 100m X 500m depth)
• Known geological setting: iron formation footwall
• Broadly mineralized to 450m depth
• Multiple discrete vein systems (en echelon)
• Wide alteration zone at 1,000m (2.14 g/t over 69m incl. 6.01g/t over 6.17m)
SW Zone has identified significant high grade potential…
TSX: ME10
• Wide alteration zone at 1,000m (2.14 g/t over 69m incl. 6.01g/t over 6.17m)
• Historical resource of 624,500 ounces (Barrick JV)
• 3.3M tonnes @ 6 g/t (3.0 g/t cut-off)
• Barrick JV drilled 55 holes in 1996/1997
• Objective: upgrade resource to NI 43-101 compliance
• Evaluate Barrick interpretation
• Drill upper section of zone to improve continuity
• Wedge hole 162 at depth to test for higher grade
…with the same geological setting as Windjammer South at depth.
Golden Highway Project: Windjammer South (100% owned)
• Zone: (open: 500m strike X 150m X 350m depth)
• NI 43-101 resource (305,000 oz indicated / 212,000 inferred oz Au)
• 26 drill holes by Noranda in 1980’s
• 20 drill holes by Moneta in 2008 (6,900m)
Windjammer South, a generally pervasive gold system…
TSX: ME11
• 20 drill holes by Moneta in 2008 (6,900m)
• Exploration program underway with phased drilling to test:
• Gold mineralization along 1000m strike between Windjammer South and SW Zone
• Newly defined IP targets
• Gold potential in hanging wall
• Objective: expand and upgrade NI 43-101 resources on Windjammer South
…which remains open laterally and to depth.
Golden Highway Project: Windjammer North (100% owned)
• Zone: (open: 400m strike)
• High grade gold mineralization hosted:
• in heavily altered mafic and ultramafic volcanics
• along contact to sediments to the south
NI 43-101 report recommended further drilling to develop zone
Windjammer North is located directly on the Destor…
TSX: ME12
• NI 43-101 report recommended further drilling to develop zone
• 23 historical drill holes by Noranda
• Higher grade intersections (6.37 g/t over 5.9m)
• Potential for Lightning Zone style mineralization
• Exploration program underway with phased drilling to test:
• Historical interpretation and strike potential
• Objective: to progress towards NI 43-101 resources
… in a similar setting to the Holloway Mine 20km east along structure.
Southern Corridor Longitudinal – Timiskaming Sediments along Iron Formation
Western Zone Dyment3 ’55’ Zone Southwest Zone Windjammer South
Moneta / Acrex Michaud JV Moneta Golden Highway
Golden Highway Project: Exploration Focus (cont’d)
TSX: ME
TARGET AREA TO DEPTH AND
ALONG STRIKE
1000 metres
200 m
WSW ENE
MN96-1622.14 g/t Au over 68.0 m
Incl.6.00 g/t over 8.50 metres
MN96-175 /MN97-196
M08-259
MWJ08-19
13
• Michaud JV: 65 claim units or 10% of the Golden Highway Project
• 55 Zone (open: 350m strike x 100m width x 350m depth)
• Currently defined by only 26 drill holes
• Gold zone is hosted in same sedimentary units as SW Zone and WJ South
The Michaud JV covers the same sedimentary units as the SW Zone…
Golden Highway Project: Michaud JV (50%): 55 Zone, Western, Dyment 3
TSX: ME14
• High grade intersections (27.75m @ 9.68g/t)
• Initial discussions to address NI 43-101 resource estimate
• Dyment 3
• Confirmed mineralized corridor between 55 Zone and Western Zone
• Western Zone
• 14 holes – 125m drill spacing
• Higher grade over narrow widths - 8.5g/t over 2.4m (incl. 26.7g/t over 0.6m)
• On strike with 55 Zone, Dyment 3
…within a 2km under-explored mineralized corridor.
Destor Valuations
Comparison of active exploration companies along the Destor...
Reserves and Resources (oz Au)
Valuation
(EV * / Resources)
As at October 1, 2009 Market Cap
($)
EV* (Est.)
($)
Reserves
(3Ps**)
Resources
(M&I***) Inferred
Historical
Resources Total
Reserves +
Resources Total
Lakeshore Gold (LSG) 659 565 830,000 905,000 619,200 807,564 3,161,764 $ 380 $ 209
West Timmins (WTM) 305 285 - - 400,000 23,003 423,003 $ - $ 722
TSX: ME15
West Timmins (WTM) 305 285 - - 400,000 23,003 423,003 $ - $ 722
St Andrews (SAS) 133 113 628,000 1,344,000 665,000 1,826,400 4,463,400 $ 67 $ 30
Apollo Gold (APG) 115 63 1,455,950 - - - 1,455,950 $ 79 $ 79
VG Gold (VG) 72 69 - 598,553 611,689 - 1,210,242 $ 121 $ 60
Explor Resources (EXS) 32 30 - - - - - $ - $ -
Temex Resources (TMX) 19 16 - 479,000 186,000 - 665,000 $ 40 $ 29
Moneta (ME) 18 16 - 305,000 211,000 625,000 1,141,000 $ 59 $ 16
* EV = Enterprise Value
** 3 Ps = Proven, Probable, Possible NI 43-101 reserv es
*** M&I = Measured and Indicated NI 43-101 resources
Summary
• Good Address: 72M+ oz of gold mined to date on prolific Destor in NE Ontario
• Golden Highway Project covers 12km of strike along Destor with 10 distinct under-explored and open gold zones including:
• Southwest Zone - 624,500oz (historical resource)
Moneta holds highly prospective properties along the prolific Destor…
TSX: ME16
• Southwest Zone - 624,500oz (historical resource)
• Windjammer South - 305,000oz (ind) / 212,000oz (inf) (NI 43-101 resource)
• Exceptional quality of 500 drill hole database: 3D digital models
• Significant ownership by Directors, Management, and associates
• One of the most undervalued Destor exploration stocks on peer comparison
…and will continue to increase and upgrade NI 43-101 resources and categories.
Corporate Contact
Moneta Porcupine Mines Inc.
65 Third Avenue, Timmins, Ontario, P4N 1C2
www.monetaporcupine.com
TSX: ME17
Ian C. Peres, President & CEO
+1.416.579.3040
Rod Whyte, Chairman
+44.207.736.2212