TSX: ME TSX: ME 1
Moneta Porcupine Mines
Building gold resources east of Timmins, Ontario
TSX: ME
August 2009
TSX: ME 2
Forwardlooking Statements
This presentation contains forwardlooking 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 forwardlooking statements. These forwardlooking statements
reflect the current expectations or beliefs of the Company based on information currently available to the Company.
Forwardlooking 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 forwardlooking 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
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 forwardlooking 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 forwardlooking statement,
whether as a result of new information, future events or results or otherwise. Although the Company believes that the
assumptions inherent in the forwardlooking statements are reasonable, forwardlooking statements are not guarantees of
future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty
therein.
TSX: ME 3
Corporate Information
Stock exchange listings TSX: ME Xetra/Frankfurt/Berlin: MOP
Share price range (52 week) $0.22 – 0.03
Recent price $0.17
Market capitalization $19 million
Shares outstanding 112.7 million
Fully diluted 120.7 million (8 million options @ average $0.12)
Ownership by insiders 16.5 million
Cash on hand $0.5 million (Mar 31, 2009)
Corporate offices Timmins, Ontario
Debt outstanding Nil
Moneta is one of the longest continuouslylisted companies on the TSX…
…with no share consolidations in its 98 year history.
TSX: ME 4
Board of Directors and Management
Management Directors: • Ian C Peres, CA Over 15 years of experience in capital markets, resource
President & CEO (Based in Toronto, Ontario) sector, and retail and institutional financing
• Rod Whyte, B Econ, B Arts Over 30 years experience in all aspects of natural Chairman (London, England) resource sector
Independent Directors: • Warren Bates, P Geo SVP Exploration of Pelangio (TSX: PDX) with over 22 years
of experience in the mining and exploration and the Abitibi Greenstone Belt
• Michael Coulson Experienced analyst and mining commentator
• Alex Henry, CA Financier and asset manager
• Charles Parsons, FCA 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 Timminsbased lawyer and mining engineer Corporate Counsel
TSX: ME 5
Regional Perspective
The property package includes claims in Porcupine camp…
…with a focus on Golden Highway Camp.
GOLDEN HIGHWAY CAMP
Moneta Porcupine Mines MICHAUD / GARRISON / BARNET
DESTOR
O N T A R I O
Hemlo
KAYORUM
NORTH TISDALE
DESTOR
Timmins
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
HOLTMcDERMOTT MINE (1.3 Moz)
XSTRATA KIDD CREEK METALLURGICAL COMPLEX
NIGHTHAWK LAKE
PORCUPINE CAMP
PAMOUR MINE 4.2 Moz DOME MINE 15.7 Moz
5
3 4
2 1
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 locally with banded iron formation
6
2 1
3
4
5
PORC
UPINE
ZONE
FAUL
T
6
7
8
11 12
10
9
GOLDCORP (formally PJV)
HWY 101
8
7
GUIBORD
PIPESTONE FAULT
HWY 11 10
9
Matheson
km
200 0
90 W
U. S. A.
Red Lake
QUEBEC
TORONTO
P Q
Noranda
Val d'Or
80 W
ONTA
RIO
HWY 101 12
11
Detailed Map
Lake Kirkland
Timmins
PORCUPINE FZ
45 N
50 N
Moneta / Acrex Ventures JV
APOLLO GOLD
Moneta / St Andrew Goldfields JV GOLDEN HIGHWAY
PROJECT
TSX: ME 6
Abitibi Greenstone belt
• Goldcorp advancing Hollinger Project (3 pits modeled) • adjacent to Moneta’s Kayorum property
• Lakeshore Gold now in production at Bell Creek and imminent at Timmins
• Apollo Gold now in production at Black Fox 20km west along Destor
• Active camps in eastern Ontario Abitibi Greenstone belt: • Porcupine Camp (Timmins) / Golden Highway Camp • Kirkland Lake 35km to the south • Matachewan 75km to the southwest
• Major mines along the Destor include: • Hollinger(19.3M oz) / McIntyre(10.8M oz) / Dome(15.8M oz) / Pamour (8.0M oz)
• Active juniors along the Destor include: • Lakeshore Gold, Apollo Gold, St Andrew Goldfields, West Timmins Gold,
Explor, VG Gold, Temex, Valgold, and Moneta
The Timmins Camp is experiencing a significant resurgence…
…with Goldcorp, Lakeshore, and Apollo leading the regional activity.
TSX: ME 7
Porcupine Camp Properties
• Nighthawk Lake (100% 121 claims) • Collins Zone (Open: 500m strike X 300m depth) • Low grade open pit concept (local high grade: 9.54 g/t over 5.75m) • Modeling suggests shallow dip and a second deeper goldbearing zone • St Andrew Aquarius project within 6km to east on strike; Nighthawk Break
deposits to south
• Kayorum (100% 52 claims) • Located between Dome and Hollinger Mines • Includes former Moneta Mine: high grade producer (~150,000 oz @ 0.47 oz/t)
– Extension to Hollinger vein system, Adjacent to Hollinger pit
• North Tisdale (100% 166 claims) • Along North Mine Trend (Bell Creek Lakeshore Gold, Owl Creek –
Goldcorp) • West Timmins ( 100% 16 claims)
• NiCu and gold potential near Thunder Creek discovery of West Timmins Gold
Moneta holds properties adjacent to past gold producers…
… and along known gold trends in the Porcupine Camp.
TSX: ME 8
Property focus: Golden Highway Project
TSX: ME 9
Corporate Highlights
Corporate Focus: The Golden Highway Project (“GHP”) • Southwest Zone 3.3 Mt @ 6.0g/t Au (624,500oz)
(historical resource)
• Windjammer South zone 7.8 Mt @ 1.22g/t Au (305,000oz) indicated and (NI43101 resources) 5.8 Mt @ 1.13g/t Au (212,000oz) inferred
• 55 Zone (50%) High grade intersections (27.75m @ 9.68 g/t)
Good Address • 72M oz of gold mined in Porcupine and Golden Highway Camps, on the prolific Destor
Infrastructure/Support: all properties have access to highway and power
Moneta is expanding NI 43101 gold resources
Moneta’s gold properties are along the Destor Porcupine Fault Zone (“Destor”)…
…which forms part of the western Abitibi Greenstone belt.
TSX: ME 10
Golden Highway Project (“GHP”): Overview
• 665 claim units (~10,600 hectares) on Golden Highway Project • Largely contiguous claim block centered on Southwest Zone in Michaud Township
• GHP covers 12 km of strike along the Destor • 10 distinct gold zones to date • Additional strike along major splays (Pipestone, Munro and Arrow)
• Different mineralized geological settings along the Destor: • Southern Corridor: altered Timiskaming sediments • Northern Corridor: altered mafic / ultramafic volcanics and syenite intrusives
• 3D digital models developed on over 500 drill holes on GHP properties
• Historical drill core is available at Moneta core shack (>100km of core)
Properties have been advanced by majors: Barrick, Noranda, Unocal
TSX: ME 11
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 discovered at 1,000m
• Hole 162: 2.14 g/t over 69m drilled width (incl. 6.01g/t over 6.17m) • Historical resource of 624,500 ounces (Barrick JV)
• 3.3M tonnes @ 6 g/t à with 3 g/t cutoff • Barrick JV drilled 55 holes in 1996/1997
• Objective: upgrade resource to NI 43101
SW Zone has identified significant high grade potential…
…with the same geological setting as Windjammer South at depth.
TSX: ME 12
Golden Highway Project: Windjammer South (100% owned)
• Zone: (open: 500m strike X 150m X 350m depth)
• NI 43101 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)
• Well defined gold mineralized alteration zones in sediments • Higher grade intersections (3.4g/t over 27m) • Same geological setting as SW Zone • Inferred westerly plunge towards higher grade SW Zone (1,000m strike) • Hole 162 (SW Zone) with same geological setting confirms gold system at
1,000m depth (2.14g/t over 69m drilled width)
• Hanging wall potential (new zone?) identified and to be drilled
Windjammer South, a generally pervasive gold system…
…which remains open laterally and to depth.
TSX: ME 13
Golden Highway Project: Windjammer North (100% owned)
• Zone: (open: 400m strike)
• NI 43101 recommends further drilling to develop zone
• Potential for Lightning Zone mineralization as at Holloway mine east along Destor • Gold vein system in altered mafic/ultramafic volcanics and sediments along
volcanic contact • Similar setting to Holloway Mine 20 km east along structure
• 23 historical drill holes by Noranda • Higher grade intersections (6.37 g/t over 5.9m)
• On strike with Moneta gold zones along northern corridor and Destor • Last Chance Zone, Twin Creeks Zone, and Landing Zone
Windjammer North has higher grade intersections…
…with significant untested potential.
TSX: ME 14
Golden Highway Project: Exploration Focus
’55’ Zone
Southwest Zone
Windjammer South
MN96162
Windjammer North
Twin Creeks
Landing Zone
MWJ0819 M08259
MN96175
M8791
Discover Abitibi profile L 32 & 40 E
Orientation profiles
existing profiles proposed profiles 104 Anomaly
MN96196
Priority Area
Current IP program testing WJS to SWZ gap….
TSX: ME
Southern Corridor Longitudinal – Timiskaming Sediments along Iron Formation
Western Zone Dyment3 ’55’ Zone Southwest Zone Windjammer South
PLUN
GE TA
RGET
1000 metres
200 m
Moneta / Acrex Michaud JV Moneta Golden Highway
WSW ENE
MN96162 2.14 g/t Au over 68.0 m
Incl.6.00 g/t over 8.50 metres
MN96175 / MN97196
M08259 MWJ0819
15
Golden Highway Project: Exploration Focus (cont’d)
TSX: ME 16
• 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 • Same sedimentary units as SW Zone with decreased iron formation • Higher grade intersections (27.75m @ 9.68g/t) • Initial discussions re NI 43101 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
The Michaud JV covers the same sedimentary units as the SW Zone…
…within a 2km underexplored mineralized corridor.
Golden Highway Project: Michaud JV (50%): 55 Zone, Western, Dyment 3
TSX: ME 17
Current Corporate Objectives
• Windjammer South • NI 43101 resource improved categories and quantities (completed) • Test westerly plunge/linkage towards Southwest Zone • Interpret and evaluate potential of higher grade sections • Test hanging wall potential (new zone?)
• Exploration for higher grade within known zones • Targeted drilling on all zones on strike and evaluate resources at depth • Windjammer North drill program: to confirm and expand high grade zone
• Southwest Zone • Upgrade historical resource to NI 43101 compliance • Drill upper section of zone • Wedge hole 162 at depth
• Advance regional property rationalization opportunities
Continue to build ounces and upgrade resource categories…
…and enter discussions with prospective strategic partners.
TSX: ME 18
Peer comparison (at May 15, 2009)
Reserves and Resources (MM's) Valuations (EV / Resources)
Market Cap (MM's) EV (MM's)
Reserves 3Ps
Resources ‐ M&I Inferred
Historical Resources
Reserves 3Ps
Resources ‐ M&I Inferred
Historical Resources Total
Lakeshore Gold 360 230 0.826 1.217 0.291 ‐ $ 278 $ 189 $ 791 ‐ $ 99
West Timmins 96 94 ‐ ‐ 0.400 0.023 ‐ ‐ $ 235 $ 4,086 $ 222
St Andrews 123 48 0.546 2.405 0.696 ‐ $ 172 $ 20 $ 69 ‐ $ 13
Apollo Gold 89 37 1.330 ‐ ‐ ‐ $ 71 ‐ ‐ ‐ $ 28
Bear Lake Gold 14 6 ‐ 0.283 0.175 ‐ ‐ $ 23 $ 37 ‐ $ 14
Osisko 1,920 1,415 6.280 8.460 0.200 ‐ ‐ $ 163 $ 577 ‐ $ 127
Detour 544 510 ‐ 10.763 2.452 ‐ $ 81 $ 364 $ 201 ‐ $ 50
Moneta 10 9 ‐ 0.305 0.211 0.625 ‐ $ 30 $ 44 $ 15 $ 8
Moneta’s valuation reflects underexplored properties…
…with the potential for exceptional growth in market cap.
TSX: ME 19
Summary
• Good Address (72M+ oz of gold mined to date on the prolific Destor in Ontario)
• 10 underexplored distinct gold zones, open laterally and to depth
• Increasing gold resources: • Southwest Zone 624,500oz (historical resource) • Windjammer South 305,000oz (ind) / 212,000oz (inf) (NI 43101 resource)
• Exceptional quality of database with ready access to drill core (Moneta coreshack)
• Drilling undertaken primarily by Majors
• Significant ownership by Directors, Management, and associates
Moneta holds highly prospective properties along the prolific Destor…
…to increase NI 43101 resources and upgrade categories.
TSX: ME 20
Corporate Contact
Moneta Porcupine Mines Inc. 65 Third Avenue, Timmins, Ontario, P4N 1C2 www.monetaporcupine.com
Ian C Peres, President & CEO 416.579.3040 [email protected]
Rod Whyte, Chairman
+44.207.736.2212 [email protected]