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Moneta Intersects Significant Gold Mineralization in Step-out Drilling at Garrcon, Tower Gold Project
Toronto, Ontario--(Newsfile Corp. - March 24, 2022) - Moneta Gold Inc. (TSX: ME) (OTCQX: ME...
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[{"type":"text","content":"Moneta Intersects Significant Gold Mineralization in Step-out Drilling at Garrcon, Tower Gold ProjectToronto, Ontario--(Newsfile Corp. - March 24, 2022) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (\"Moneta\") is pleased to announce the assay results from ten (10) drill holes at Garrcon, from the Garrison area of the Tower Gold project, located 100 kilometres (\"km\") east of Timmins, Ontario. The drilling was part of the 2020/2021 72,500 metre (\"m\") program in 130 drill holes designed to test extensions of the current mineral resource estimate of 4.0 million (\"M\") ounces indicated gold and 4.4M ounces inferred gold (see February 24, 2021 press release) on the Tower Gold project. These results represent the final assays from this drill program.Today's results, testing both the open pit and underground resource expansion potential at Garrcon, have confirmed significant gold mineralization over a strike length of 750 m and width of 500 m in step-out drilling beyond the current resource and within an area with significant historical gold mineralization not currently in any resource category. Highlights from the drilling include:MGA21-005 intersected 67.00 m @ 3.05 grams per tonne \"g/t\" gold \"Au\", including 38.50 m @ 4.85 g/t Au, including 23.00 m @ 7.50 g/t Au, including 8.75 m @ 15.85 g/t Au, including 1.00 m @ 114.00 g/t AuMGA21-005 intersected 62.45 m @ 1.17 g/t Au, including 10.00 m @ 3.12 g/t Au, including 1.50 m @ 6.96 g/t Au and 1.00 m @ 7.82 g/t AuMGA21-002 intersected 54.70 m @ 1.26 g/t Au, including 1.50 m @ 4.70 g/t Au, and 13.50 m @ 3.16 g/t Au, including 3.00 m @ 10.65 g/t Au, including 1.50 m @ 17.79 g/t AuMGA21-005 intersected 7.00 m @ 5.83 g/t Au, including 1.50 m @ 23.90 g/t AuMGA21-008 intersected 12.50 m @ 2.30 g/t Au, including 4.50 m @ 5.93 g/t Au, including 1.50 m @ 16.10 g/t Au MGA21-005 intersected 39.50 m @ 0.94 g/t Au, including 25.50 m @ 1.11 g/t Au, including 1.05 m @ 16.20 g/t AuMGA21-003 intersected 34.00 m @ 0.85 g/t Au, including 12.00 m @ 1.46 g/t Au, including 5.00 m @ 2.08 g/t Au, including 1.00 m @ 3.09 g/t Au MGA21-009 intersected 46.00 m @ 0.57 g/t Au, including 1.50 m @ 7.08 g/t AuMGA21-003 intersected 7.00 m @ 1.81 g/t Au, including 1.00 m @ 11.80 g/t AuGary O'Connor, Moneta's Chief Executive Officer, commented, \"These latest drill results, testing both the open pit and ...