Moneta holds a 100% interest over a number of prospective gold projects in the prolific gold mining region of Timmins, Ontario with excellent infrastructure and skilled and experienced work force where over 85 million ounces of gold have been produced over the past 100 years.
Moneta’s land position is one of the largest in the Timmins Camp which covers 263 square kilometres. The company recently completed the acquisition of O3 Mining’s Garrison project assets which makes Moneta’s Tower gold project one of the largest undeveloped gold projects in North America. The large and highly prospective Tower Gold Project is made up of Moneta’s Golden Highway Project and the adjacent and recently acquired Garrison Project which combined cover 17 kilometres of the Destor Porcupine Fault Zone (“Destor”) hosted within an Archean age volcanic/sedimentary package and contains up to four branches of the Destor. Most gold mineralization in the region is located on second order structures associated with the Destor, including significant resources and producing mines now operated by Newmont, Pan American Silver Corporation, McEwen Mining and Kirkland Lake Gold.
Moneta Porcupine’s acquisition of the Garrison project from O3 mining in February 2021 increased the company’s land position by 73% and added 1.8 million ounces gold indicated and 1.1 million ounces gold inferred to Moneta’s previously identified 2.1 million ounces gold indicated and 3.3 million ounces gold inferred for a new combined total of 4.0 million ounces gold indicated and 4.4 million ounces gold inferred.
The Tower Gold project occurs 100 km to the east of Timmins adjacent to a major provincial highway, Highway 101 with excellent all season road access to all project areas. In addition to the combined Golden Highway and Garrison deposits, the Tower Gold project also includes the prospective Buffonta, Gold Pike, Collins Lake, Michaud, Canyon and Plato gold projects.
Moneta continues to maintain a large land holding in Porcupine Gold Camp in the Timmins area which includes the gold properties of North Tisdale, Nighthawk Lake, Kayorum, DeSantis East (Ogden) and Denton. Additional properties with strategic value are historical base metal projects and include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).