Moneta’s land position covers 618 km2 and is one of the largest after the three main gold producers in the Timmins Camp, and includes the highly prospective Golden Highway Project which covers 12 kilometres of a volcanic/sedimentary belt and contains four branches of the Destor.
The Golden Highway Project hosts a gold NI 43-101 Resource Estimate (November 2019) of 556,500 ounces indicated (3.8Mt at 4.53 g/t Au) plus 1,174,000 ounces inferred (8.5 Mt at 4.31 g/t Au). The property covers over 200 square kilometres and is adequate in size to support milling infrastructure, however, six existing mills are within trucking distance and have excess capacity for toll milling. Indicated resources increased 58% in 2019 and inferred resources increased by 40% during the same period.