Moneta adds claims at Nighthawk Lake

Timmins-based junior Moneta Porcupine Mines (TSE) has taken an option on a patented property on the northern shore of Nighthawk Lake, 30 km east of Timmins. The property is adjacent to Moneta’s Nighthawk Lake claims.

The company has agreed to spend $28,000 on exploration over three years to earn mining rights to the property. The vendors retain a 1.5% net smelter return royalty.