The Golden Highway property, which forms a substantial portion of the Tower Gold Project, hosts numerous gold deposits, gold mineralized zones and gold drill intersections along a 5 km long mineralized corridor. This corridor contains two highly prospective geological settings: a northern corridor with sheared mafic and ultramafic volcanic units and syenitic intrusive complexes, and a southern corridor defined by Timiskaming sediments containing banded iron formation (BIF). The Golden Highway property hosts the South West, 55, Westaway, Windjammer South, Windjammer Central and Discovery deposits, the Western Zone, Dyment 3, LC,  Halfway, Twin Creeks, Landing gold zones and several other gold mineralized zones.

Moneta completed its 2020/2021 mineral resource expansion diamond drill program comprised of 72,500 m in 130 drill holes on the Tower Gold project and has commenced its 2021/2022 70,000 m resource upgrade drill program focused on infill drilling and upgrading resource categories as well as some expansion drilling. The Tower gold project is comprised of the adjacent Golden Highway and Garrison gold deposits located in the Timmins Camp, 100 km east of Timmins, Ontario.

Golden Highway + Garrison Areas - Location of Gold Deposits and Resources

Tower Gold Project – Golden Highway + Garrison Areas Drill Highlights

The Garrison property includes approximately 4 km of the regionally significant Destor-Porcupine Fault System, a major crustal break.

The property is favourably situated for gold mineralization astride two major faults, including a 4.3 km portion of the Destor-Porcupine Fault Zone (DPFZ) (to the south) and a 2.3 km portion of the Munro Fault (to the north), a splay off the Destor-Porcupine. The rocks underlying the Property are the Kidd-Munro Assemblage of metavolcanics which are unconformably overlain by the Timiskaming Assemblage metasedamentary rocks, composed of conglomerate, wacke-sandstone, siltstone, argillite and schist. The Timiskaming Assemblage rocks are closely associated with the Destor-Porcupine Fault Zone (DPFZ) for approximately 65 km from the Hislop Township on the west to the Quebec border on the east.

On the Garrison property, gold mineralization is found in rocks exposed at surface at numerous locations and is reported in hundreds of drill holes by various operators creating multiple targets for current and future exploration.

The Garrison property hosts several gold mineralized zones. Previous operators identified and focused their work on three gold mineralized zones that today are known as Garrcon, Jonpol, and 903. Gold mineralization at the Garrcon deposit occurs primarily as native gold in stock work quartz carbonate veins hosted in altered and metamorphosed Timiskaming Metasediments. Gold mineralization at Jonpol is primarily native gold hosted in quartz carbonate veins hosted in sheared, altered and metamorphosed mafic volcanic rocks.

The Jonpol deposit consists of four high grade gold mineralized zones (JP, JD, RP and East) discovered over a strike length of 1.7 km within the Munro Fault Zone. Jonpol is situated on the Munro Fault, a west striking splay off the north side of the Destor-Porcupine Fault Zone (DPFZ). Gold mineralization is hosted in quartz carbonate narrow veins in mafic and ultramafic host rocks and associated with zones of intense albite, secicite alteration and pyrite mineralization.

903 occurs within linear syenite dykes hosted within sheared ultramafics of the Destor-Porcupine Fault zone (DPFZ). The syenite dykes have widths ranging from several meters to tens of meters and can be traced along strike for hundreds of meters. Typical mineralized widths range from 10 to 20 m.

Gold mineralization in the main 903 zone is entirely hosted within the syenite dykes and the surrounding ultramafic assemblages are typically barren of mineralization. The 903 zone presents a significant opportunity for resource growth in the Garrison area.