in accordance with National Instrument 43-101 ("NI 43-101"), with an effective date of May 11, 2022, and using a database current as of March 15, 2022. The updated mineral resource was independently prepared by APEX Geoscience Ltd. Infill of the Windjammer open pit to contain 1,767,000 oz Au indicated and 2,393,000 oz Au inferred contained ounces (Windjammer South and Windjammer Central).Re-establishment of the open pit at South West containing 316,000 oz Au indicated and 1,195,000 oz Au inferred resources.Definition of high-grade open pit at Westaway containing 1,067,000 oz at a grade of 2.14 g/t Au inferred resources.Increase in higher grade ounces in the Garrison starter pit to 1,748,000 oz contained Au indicated resources at a grade of 1.07 g/t Au.25% increase of indicated open pit Au resources to 4,153,000 oz and 156% increase in inferred open pit Au resources to 5,801,000 oz.Increase in grade of the underground resources (22% indicated and 2% inferred) and no material change in the average grade of the open pit resources.Addition of 298,000 oz of total indicated gold resources.8% increase in total contained Au to 4,265,000 oz (combined underground and open pit) in the indicated category on the Tower Gold project.Addition of 3,097,000 oz of total inferred gold resources.70% increase in total contained Au to 7,496,000 oz (combined underground and open pit) in the inferred category on the Tower Gold project.Highlights of the Updated Tower Gold Mineral Resource Estimate:
The MRE will form the basis of an updated preliminary economic assessment ("PEA") scheduled for completion later this quarter. The consolidated mineral resource now totals 4.27 million ("M") ounces ("oz") indicated gold ("Au") and 7.50 Moz inferred gold, positioning Tower Gold as one of the advanced exploration projects in Canada. ( TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) ("Moneta" or the "Company") is pleased to provide an updated mineral resource estimate ("MRE") for its 100% owned Tower Gold project ("Project"), located 100 kilometres ("km") east of Timmins, Ontario. Top Battery Metals Stocks on the TSX and TSXV.
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