Moneta Intersects Further Significant Gold Mineralization at Tower Gold
Toronto, Ontario--(December 6, 2022) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) ("Moneta") is pleased to announce assay results from eleven (11) resource infill and step-out drill holes on the 903 gold deposit at the Tower Gold project, located 100 kilometres ("km") east of Timmins, Ontario. The drilling was conducted as part of an initial 70,000 metres ("m") infill and resource upgrade drill program on the recently announced mineral resource estimate of 4.5 million ("M") ounces ("oz") indicated gold ("Au") and 8.3 Moz inferred Au (see September 07, 2022 press release) at the Tower Gold project.
Drilling Highlights:
MGA22-022 intersected 25.00 m @ 3.31 grams per tonne "g/t" Au, including 11.50 m @ 5.85 g/t Au, including 3.41 m @ 12.02 g/t Au, including 1.00 m @ 19.40 g/t Au, and 0.90 m @ 18.40 g/t Au
MGA22-019 intersected 11.75 m @ 4.23 g/t Au, including 6.00 m @ 7.60 g/t Au, including 3.00 m @ 14.01 g/t Au, including 1.00 m @ 35.00 g/t Au
MGA22-021 intersected 7.81 m @ 4.09 g/t Au, including 1.50 m @ 5.96 g/t Au
MGA22-030 intersected 29.90 m @ 1.23 g/t Au, including 12.10 m @ 2.53 g/t Au, including 2.75 m @ 6.08 g/t Au, including 1.00 m @ 10.80 g/t Au
MGA22-021 intersected 25.76 m @ 1.35 g/t Au, including 12.83 m @ 1.75 g/t Au, including 1.73 m @ 5.98 g/t Au
MGA22-019 intersected 35.00 m @ 0.96 g/t Au, including 2.40 m @ 4.04 g/t Au, and 13.20 m @ @ 1.36 g/t Au, including 0.66 m @ 5.66 g/t Au, 0.40 m @ 9.62 g/t Au
MGA22-034 intersected 69.35 m @ 0.70 g/t Au, including 34.70 m @ 1.04 g/t Au, including 6.75 m @ 2.26 g/t Au, including 1.40 m @ 6.78 g/t Au
Note: Intercepts are calculated using a 0.20 g/t Au cut-off, a maximum of 5m internal dilution and no top cap applied. Drill intercepts are not true widths, are reported as drill widths, and are estimated to be 75% to 95% of true width.
- Category: Silver / Gold
- Published: 06 December 2022
- Written by Editor