Moneta Increases Resources to 4,265,000 Oz Gold Indicated and 7,496,000 Oz Gold Inferred at Tower Gold Project
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Wednesday, May 11, 2022
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The 2022 drilling program will support a revised MRE that will be the focus of a pre-feasibility study ("PFS") planned for 2023.
Key Points:
- The 2022 drilling program will support a revised MRE that will be the focus of a pre-feasibility study ("PFS") planned for 2023.
- Management will host a webcast and conference call to discuss the results of the resource update on May 12, 2022, at 11:00 am ET.
- Moneta is a Canadian based gold exploration company focussed on advancing its 100% wholly owned Tower Gold project, which currently hosts a gold mineral resource estimate of 4.3 Moz indicated and 7.5 Moz inferred.
- An updated PEA study encompassing the entire Tower Gold project is planned to be completed in June 2022.