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Moneta's Resource Expansion Drilling at Gap Connects South West Deposit with the Windjammer South Open Pit Gold Deposit
Toronto, Ontario--(Newsfile Corp. - November 23, 2021) - Moneta Gold Inc. (TSX: ME) (OTCQX: M...
About this update from Stllr Gold Inc.
[{"type":"text","content":"Moneta's Resource Expansion Drilling at Gap Connects South West Deposit with the Windjammer South Open Pit Gold DepositToronto, Ontario--(Newsfile Corp. - November 23, 2021) - Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (\"Moneta\") is pleased to announce assay results from eight (8) drill holes, intended to test the resource expansion potential of the Gap Zone, located between the Windjammer South and South West gold resources within the Golden Highway area of the Tower Gold project. The drilling is part of the 2020/2021 70,000 m 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. Additional holes and assays from this drill program remain pending.Drilling successfully intersected wide zones of gold mineralization in the Gap area located between the Windjammer South open pit gold resource and the South West gold resource over a distance of 700 m and a width of 350 m. Drilling has confirmed continuous gold mineralization between the current deposits and highlighted the potential to connect the Windjammer South and South West gold deposits. Highlights from the drilling include:MGH21-204 intersected 56.55 m @ 1.05 grams per tonne \"g/t\" gold \"Au\", including 26.00 m @ 1.76 g/t Au, including 9.00 m @ 2.87 g/t Au, and including 1.00 m @ 5.83 g/t AuMGH21-212 intersected 70.00 m @ 0.85 g/t Au, including 4.15 m @ 3.15 g/t Au, and 16.00 m @ 1.49 g/t Au, including 3.00 m @ 2.62 g/t AuMGH21-224 intersected 27.70 m @ 1.02 g/t Au, including 5.00 @ 3.38 g/t Au, including 1.00 m @ 8.08 g/t AuMGH21-204 intersected 13.87 m @ 1.66 g/t Au, including 6.00 m @ 2.51 g/t Au, including 1.00 m @ 6.54 g/t Au and 2.00 m @ 3.63 g/t AuMGH19-120x intersected 19.00 m @ 0.89 g/t Au, including 3.50 m @ 1.74 g/t Au, including 1.30 m @ 5.47 g/t AuMGH21-204 intersected 20.00 m @ 0.76 g/t Au, including 2.00 m @ 4.29 g/t Au MGH21-224 intersected 47.25 m @ 0.50 g/t Au, including 1.00 m @ 3.13 and 1.18 m @ 2.58 g/t Au MGH19-120x intersected 26.00 m @ 0.64 g/t Au, including 1.00 m @ 2.17 g/t Au and 1.00 m @ 7.23 g/t AuGary O'Connor, Moneta's CEO commented, \"The latest drill results from our 2021/2022 program from the Gap Zone highlight the potential to connect the Wi...