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Moneta Intersects Significant Gold Mineralization and Confirms Continuity from Infill Drilling on the Westaway Deposit at the Tower Gold Project
Toronto, Ontario--(Newsfile Corp. - July 21, 2022) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF...
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[{"type":"text","content":"Moneta Intersects Significant Gold Mineralization and Confirms Continuity from Infill Drilling on the Westaway Deposit at the Tower Gold ProjectToronto, Ontario--(Newsfile Corp. - July 21, 2022) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (\"Moneta\") is pleased to announce the assay results from seven (7) drill holes from infill drilling on the Westaway gold deposit at the Tower Gold project, located 100 kilometres (\"km\") east of Timmins, Ontario. The drilling was conducted as part of the current 70,000 m infill and resource upgrade drill program on the recently announced mineral resource estimate of 4.3 million (\"M\") ounces (\"oz\") indicated gold (\"Au\") and 7.5 Moz inferred Au (see May 11, 2022 press release) at the Tower Gold project. Drilling Highlights:WestawayMGH22-281 intersected 7.85 m @ 4.06 grams per tonne \"g/t\" gold \"Au\", including 1.85 m @ 15.25 g/t Au, including 0.40 m @ 34.40 g/t AuMGH22-281 intersected 6.00 m @ 4.79 g/t Au, including 2.10 m @ 8.23 g/t Au and 1.00 m @ 5.53 g/t AuMGH22-278 intersected 2.00 m @ 13.29 g/t Au, including 1.00 m @ 24.10 g/t AuMGH22-286 intersected 31.00 m @ 1.50 g/t Au, including 13.35 m @ 2.94 g/t Au, including 2.00 m @ 7.03 g/t Au, including 0.90 m @ 10.40 g/t Au, and 1.00 m @ 16.60 g/t AuMGH22-281 intersected 13.30 m @ 2.27 g/t Au, including 6.00 m @ 4.47 g/t Au, including 1.00 m @ 20.90 g/t AuMGH22-278 intersected 9.00 m @ 2.28 g/t Au, including 1.00 m @ 7.68 g/t Au MGH22-281 intersected 31.50 m @ 1.29 g/t Au, including 10.00 m @ 2.65 g/t Au, and 3.00 m @ 5.68 g/t Au, including 1.00 m @ 7.67 g/t AuMGH22-282 intersected 5.00 m @ 3.70 g/t Au, including 3.40 m @ 4.59 g/t Au MGH22-286 intersected 2.45 m @ 5.39 g/t Au, including 1.35 m @ 6.83 g/t AuMGH22-289 intersected 6.00 m @ 2.39 g/t Au, including 1.00 m @ 9.76 g/t AuMGH22-281 intersected 6.30 m @ 2.66 g/t Au, including 2.90 m @ 5.32 g/t Au, including 0.80 m @ 11.70 g/t AuMGH22-286 intersected 5.50 m @ 2.93 g/t Au, including 1.60 m @ 4.18 g/t AuGary O'Connor, Moneta's President and Chief Executive Officer, commented, \"These latest drill results from the current drill program, designed to infill and upgrade the recently updated open pit and underground mineral resources at Westaway at the Tower Gold project, have highlighted the continuity and extensions of the current Westaway mineral resource estimate. Moreov...