Moneghetti Minerals Limited Identifies New Drill Targets at the Ecru Gold Project, Nevada

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[{"type":"text","content":"Moneghetti Minerals Limited Identifies New Drill Targets at the Ecru Gold\n Project, Nevada\n \n Sydney, Australia (ABN Newswire) - Moneghetti\n Minerals Limited (Moneghetti, the Company) today announced it\n has identified new high-priority drill targets at the\n Company's flagship Ecru Gold Project (Ecru) located in the\n well endowed Cortez District, Nevada USA.\n \n \n The Ecru\n Project is a Carlin-type gold target that shares its southern\n border with Nevada Gold Mines' (NGM) 2.7Moz gold (Au)\n Robertson Project (Figure 1*), a majority-owned and operated\n joint venture (JV) company of Barrick Gold Corporation\n (NYSE:GOLD).\n \n \n Moneghetti is earning-in at Ecru for\n 100% interest in the project from Orogen Royalties (CVE:OGN) and\n has mineral rights to highly prospective ground through a\n sub-lease agreement with NGM. In October 2022, Moneghetti\n successfully completed its first earn-in milestone of the\n agreement.\n \n \n The new targets identified at Ecru are\n based on positive results from Moneghetti's Q3 2022 soil\n program which consisted of 642 samples at 75-metre spacing with\n quality assurance (QA) and quality control (QC). The exploration\n program focused on geologic mapping and grid-soil sampling to\n identify an alteration footprint that is commonly associated\n with Carlin-type gold deposits.\n \n \n Moneghetti's\n Founder and Managing Director, Ms Anna Nahajski-Staples said\n \"Ecru remains the core of our portfolio with the potential\n to become a world-class gold project, further amplified by its\n proximity to profitable Tier-1 gold deposits. While the big\n prize at Ecru remains the potential for a large Carlin-type\n system, it's a very positive outcome to have another\n exploration play that is not only growing in its prospectivity\n but is also near-surface. We look forward to providing further\n updates to shareholders and investors as we progress towards an\n ASX-listing targeted for this year.\"\n \n \n The key\n objective of the soils program was to prove the concept of a\n structural-stratigraphic correlation to the proximal Robertson\n deposit, which has recently completed a pre-feasibility study\n (PFS) and will be an important source of oxide mill feed for\n NGM's Cortez complex and a source for significant Au\n reserve growth in North America.\n \n \n Results from the\n recent soil...

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