Moneta’s Land Position

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’s land position includes deposits under two land packages:

  • Tower Gold Project
  • Porcupine Gold Camp Projects

Moneta’s flagship Tower Gold Project is one of the largest undeveloped gold projects in North America. 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.

Moneta Gold’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 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 continues to maintain a large land holding in the Porcupine Gold Camp located in the Timmins area, Ontario. The Company’s land package includes the North Tisdale, Nighthawk Lake, Kayorum, DeSantis East (Ogden) and Denton gold exploration properties. Additional properties with strategic value are historical base metal projects and include Loveland Nickel (Ni), Kamiskotia (Cu/Zn), and Fripp (Cu).

The Timmins area gold rush started in 1909 when two prospectors discovered a rich vein of gold known as the “Golden Staircase”. This led to the development of the Dome Mine, the first major gold mine in the area and the establishment of a huge mining camp at Porcupine Lake a few kilometres east of Timmins. The area is known for the “Big Three”, the Hollinger, McIntyre, and Big Dome Mines, which are still known 100 years later. The Timmins area has seen historical gold production in excess of 75 million ounces and even today continues to grow as new mines come on stream.