Announcement Date: 2021-11-23
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Moneta Gold Inc.
Project name: Tower
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 70.0m @ 0.85g/t Au from 560.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – November 23, 2021 – Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (“Moneta”) is pleased to announce assay results from eight (8) drill holes, intended to test the resource expansion potential of the Gap Zone, located between the Windjammer South and South West gold resources within the Golden Highway area of the Tower Gold project. The drilling is part of the 2020/2021 70,000 m program designed to test extensions of the current mineral resource estimate of 4.0M ounces indicated gold and 4.4M ounces inferred gold (see February 24, 2021 press release) on the Tower Gold project, located 100 kms east of Timmins, Ontario. Additional holes and assays from this drill program remain pending. Drilling successfully intersected wide zones of gold mineralization in the Gap area located between the Windjammer South open pit gold resource and the South West gold resource over a distance of 700 m and a width of 350 m. Drilling has confirmed continuous gold mineralization between the current deposits and highlighted the potential to connect the Windjammer South and South West gold deposits. The latest assay results from the Gap Zone include initial results from eight (8) new drill holes, including one drill hole extension (MGH19-120x), for a total of 5,491.0 m
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