Business
Moneta Continues to Expand the Westaway Gold Deposit with up to 7.00 m @ 5.44 g/t Gold Including 2.00 m @ 8.38 g/t Gold
Toronto, Ontario--(Newsfile Corp. - September 1, 2021) - Moneta Gold Inc. (TSX: ME) (OTCQX: M...
About this update from Stllr Gold Inc.
[{"type":"text","content":"Moneta Continues to Expand the Westaway Gold Deposit with up to 7.00 m @ 5.44 g/t Gold Including 2.00 m @ 8.38 g/t GoldToronto, Ontario--(Newsfile Corp. - September 1, 2021) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (\"Moneta\" or the \"Company\") is pleased to announce new results from two (2) additional drill holes and additional results from twenty (20) previously partially released holes drilled to test the resource expansion potential of the Westaway underground gold resources within the Golden Highway area of the Tower Gold project. The drilling is part of the 2020/2021 drill 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. Highlights:Drilling continues to intersect significant gold mineralization in step out drill holes at Westaway as extensions to the current mineral resource estimate:MGH21-208, drilled to test the western and depth extensions continued to extend gold mineralization: Intersected 7.00 metres \"m\" @ 5.44 grams per tonne \"g/t\" gold \"Au\" including 2.00 m @ 8.38 g/t AuMGH21-188, drilled within the West Block area continued to extend gold mineralization to the south and to depth:Intersected 6.00 m @ 4.94 g/t Au, including 3.00 m @ 8.31 g/t Au, including 1.00 m @ 11.60 g/t AuMGH21-197, drilled in the West Block area continued to infill and extend gold mineralization to depth:Intersected 4.40 m @ 5.11 g/t Au, including 3.00 m @ 7.19 g/t Au, including 1.00 m @ 13.80 g/t AuIntersected 11.30 m @ 2.75 g/t Au including 1.50 m @ 5.82 g/t Au and 1.00 m @ 8.12 g/t AuMGH21-186, drilled in the West Block area continued to extend gold mineralization to the south: Intersected 1.67 m @ 4.48 g/t Au including 0.67 m @ 5.90 g/t AuGary O'Connor, Moneta's CEO, commented, \"The drill results from our resource expansion drill program have again confirmed significant gold mineralization in large step-outs to the south, to the west and at depth as we look to continue to expand the underground gold resource at Westaway. This maiden resource currently consists of 662,000 ounces gold inferred resources at a 3.00 g/t Au cut-off. Additional holes and assays from the reported holes remain pending from this drill program. Resourc...