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Moneta Expands Loveland Nickel Property in Timmins Region
Toronto, Ontario--(Newsfile Corp. - August 23, 2023) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF)...
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[{"type":"text","content":"Moneta Expands Loveland Nickel Property in Timmins RegionToronto, Ontario--(Newsfile Corp. - August 23, 2023) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (FSE: MOPA) (\"Moneta\" or the \"Company\") is pleased to announce that the Company has completed 2 separate transactions and acquired 2 land packages adjacent to its wholly owned Loveland Nickel property (the \"Property\"), approximately 45 kilometres (\"km\") northwest of Timmins, Ontario. One of the land packages includes the Cominco zone, which has historical drilling, is open along strike and at depth, and together with the Hollinger zone, located within the original Loveland Nickel property, forms a 10 km prospective exploration corridor within the consolidated property.Highlights:Acquisition of 187 single-cell mining claims and 1 multi-cell mining claim for a total of 3,920 hectares, bringing the consolidated Loveland Nickel property land package to 6,244 hectares.Significant historical intercepts at the Cominco zone include: AMDG07-3 intersected 45.0 metres (\"m\") of 0.70% Ni and 0.75% CuLL08-05 intersected 22.80 m of 0.53% Ni and 0.88% Cu, including 11.20 m of 0.65% Ni and 1.0% Cu, and 2.70 m of 1.0% Ni and 1.92% CuLL08-11 intersected 37.60 m of 0.33% Ni and 0.38% Cu, including 8.50 m of 0.59% Ni and 0.73% Cu, and 6.00 m of 0.85% Ni and 0.78% Cu.The Cominco zone is situated 2 km from, and on-trend, the Hollinger zone, which is located within the original Moneta owned Loveland Nickel property. The Hollinger zone contains a historical resource estimate from 1974 of 401,000 tonnes grading 0.71% Ni and 0.42% Cu. Note that this estimate was developed prior to the introduction of National Instrument 43-101 (\"NI 43-101\"), has not been independently verified by a qualified person and investors are cautioned not to treat this estimate as reliable or current. The Company is not treating the historical estimate as current.1The Cominco and Hollinger zones are both open along strike and at depth and align to form an exploration corridor with a 10 km strike length, located within the Loveland Nickel property.Historical work within the newly acquired land package includes various geophysical surveys which delineated several geophysical targets, many of which remain to be drill tested.Josef Vejvoda, Moneta's Chairman and interim President & Chief Executive Officer commented, \"...