Jun 06, 2016 -
May 06, 2016 -
Dec 31, 2015 -
Nov 10, 2015 -
Moneta holds a 100% interest in 5 core gold projects strategically located along the highly prospective Destor Porcupine Fault Zone in the world class Timmins Camp, one of the best mining jurisdictions in the world with over 75 million ounces of past gold production and unmatched infrastructure including paved highway access, water, electricity, skilled labor force, and nearby mills.
A Preliminary Economic Assessment (Dec 2012) for the flagship Golden Highway generated a Net Present Value of $748M using US$1,350 gold and US$1.00 / C$1.00 exchange rate, (equal to USD$1,038 gold at US$1.30 / C$1.00), based on the NI 43-101 resource estimate of 1,091,000 ounces indicated (31.1 Mt at 1.09 g/t Au) plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres of similar geology.
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