Gold miner reports positive drilling results in Canada

Photo: Moneta Gold

Toronto-based miner Moneta Gold has unveiled the results of gold recovery test work conducted on drill core samples obtained from the new Westaway underground and the Discovery un-derground gold deposits within the company’s Tower gold project in Ontario, Canada.


“The metallurgical gold recovery test work was conducted as part of the planned preliminary economic assessment … study to be con-ducted on the Tower Gold project upon updating the resource esti-mate,” the company said in a statement.


Moneta Gold recently finalised a 72,500-metre programme in 130 drill holes. It was designed to test extensions of the current mineral re-source estimate of some 4 million oz of indicated gold and 4.4 million oz of inferred gold at the Tower gold project, according to the state-ment.


“Additional holes and assay results from this drill program remain pending,” Moneta Gold said.