Moneta Gold Stock

Moneta Gold Inc. (Moneta) is a mineral resource exploration and development company. The company focusses on the exploration and development of gold projects in the prolific Timmins Camp of Ontario, Canada.

The company’s flagship project, the Tower Gold Project, collectively covering the combined Golden Highway and Garrison gold deposits, is located 100 kms east of Timmins and hosts a total indicated resource of 3,967,000 ounces contained gold and a total inferred resource of 4,399,000 ounces contained gold. The project includes a total of 3,335,000 ounces of open pit indicated resources contained within 116.7 Mt @ 0.89 g/t Au and 2,270,000 ounces of open pit inferred resources contained within 79.4 Mt @ 0.89 g/t Au, at a cut-off grade of 0.30 g/t Au. The project also includes 632,000 ounces of indicated underground resources contained within 4.9 Mt @ 4.05 g/t Au and 2,129,000 ounces of inferred underground resources within 15.7 Mt @ 4.21 g/t Au, at a 2.60 g/t Au cut-off grade at South West and 3.00 g/t Au cut-off grade at the other underground deposits.

The Tower Gold Project captures 17 kms of the Destor Porcupine Fault Zone Corridor (Destor). The project currently hosts a combined NI 43-101 mineral resource, spanning only 8 kms of the corridor and found primarily within sedimentary host rocks along a southern splay of the Destor. In addition to the combined Golden Highway and Garrison deposits, the Tower Gold project includes the prospective past producing Buffonta property, Gold Pike Bourkes, Guibord, Sims and Plato properties.

Moneta continues to maintain a large land holding in the Porcupine Gold Camp. Gold projects include the North Tisdale, Nighthawk Lake, Kayorum, and Ogden (DeSantis East) properties and base metal projects include the West Timmins/Denton-Thornloe Property (Ni-Au), Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu) properties.

Strategy

Moneta’s strategy is to expand its drill program to define the overall resource potential, followed by an updated mineral resource estimate and a combined PEA on the entire Tower Gold Project that will include the expanded scope and production profile potential.

History

The company was incorporated in 1910. It was formerly known as Moneta Porcupine Mines Inc. and changed its name to Moneta Gold Inc. in August 2021.