Business
Moneta Intersects 0.95 g/t Au over 105.87 m and 1.49 g/t Au over 81.70 m at Tower Gold
Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF...
About this update from Stllr Gold Inc.
[{"type":"text","content":"Moneta Intersects 0.95 g/t Au over 105.87 m and 1.49 g/t Au over 81.70 m at Tower GoldToronto, Ontario--(Newsfile Corp. - October 19, 2023) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (FSE: MOPA) (\"Moneta\" or the \"Company\") is pleased to announce a project update and assay results from twenty-five (25) drill holes for a total of 5,534.0 metres (\"m\") on the Windjammer South deposit at the Tower Gold project (the \"Project\"), located in the Timmins Gold Camp, Ontario. The drilling was conducted as part of a 140,000 m drilling program, started in 2022, designed for resource upgrade and infill of the 4.5 million (\"M\") ounces (\"oz\") indicated gold (\"Au\") and 8.3 Moz inferred Au mineral resource estimate (see September 07, 2022 press release). Project Update:115,000 m, in 426 drill holes, of 140,000 m infill drill program completed, with remaining drill holes to be executed during the winter seasonThirteen (13) drill holes completed, totaling 3,665 m, for open pit geomechanical and hydrogeological testing, including packer testing. Two drill holes remain and are planned for the winter season. Downhole televiewer surveys are planned for DecemberOverburden geotechnical drilling is 50% complete and is ongoingMetallurgical drilling and sample collection are ongoing. Lab analysis, including communition and variability test work, starting in Q4 2023Windjammer South Drilling Highlights:MGH23-463 intersected 0.95 grams per tonne \"g/t\" Au over 105.87 m, including 2.20 g/t Au over 14.15 mMGH23-463 intersected 1.49 g/t Au over 81.70 m, including 2.90 g/t Au over 18.00 mMGH23-441 intersected 0.91 g/t Au over 124.00 m, including 1.43 g/t Au over 10.00 m, and 1.45 g/t Au over 22.00 mMGH23-458 intersected 0.87 g/t Au over 120.00 m, including 1.39 g/t Au over 24.65 mMGH23-435 intersected 2.47 g/t Au over 20.00 m, including 5.25 g/t Au over 8.00 m, including 11.55 g/t Au over 2.00 mJosef Vejvoda, Moneta's Chairman and interim President and Chief Executive Officer commented, \"I am very pleased with the team's progress as we advance towards a pre-feasibility study. These most recent assay results continue to confirm the continuity of gold mineralization at the Tower Gold project, while the completed open pit geomechanical and hydrogeological testing, with the data currently being analysed, has the potential to increase resources by steep...