Moneta's extensive, high-quality gold exploration portfolio is located in two prolific Timmins gold camps: Porcupine and Golden Highway. Together, these camps have produced over 70 million ounces of gold from some 26 mines, which each generated more than 100,000 ounces.
With the gold price clearly in a long-term uptrend, there has been greatly renewed interest in the Timmins' region and aggressive exploration programs have been mounted in both gold camps by a number of junior and senior companies.
The area around Timmins is part of the Abitibi Greenstone belt. Greenstone belts are very old geologic structures associated with much of the world's gold production.
Moneta's four primary gold properties are located along 120 km. of the famous Destor Porcupine Fault Zone (Destor). Most of the historic production in the Timmins region is associated with the Destor, including significant mines now operated by Goldcorp.
The Destor runs through the centre of Moneta's Golden Highway Project. In the Timmins area, gold has almost always been found in settings in which a major splay or other faults intersect or run off the Destor or where the Destor veers off an east-west line, particularly to the south; and both conditions exist on our property.
