Moneta reports results from Michaud project

A summer drill program on the property employing two machines is expected to be finished by month end, Moneta said.

To the end of July, a total of 12,654 ft in 19 holes have been completed. The program was designed to follow-up on results obtained during the winter program.

Highlights from this summer’s drilling campaign in Michaud Twp., are as follows: Width Gold Assay Drill Hole(ft) (oz/ton) 95 12.1 0.42 101 20.0 0.19 108 9.5 0.15 21.6 0.25 118 5.0 0.38 120 18.2 0.11 124 17.5 0.15 126 19.2 0.17

Project operator Unocal Canada Inc. of Calgary can earn 50% of Moneta’s interest in the claims by spending $5 million over three years. Moneta also holds an option to earn a 50% interest in various claim blocks held by Nahanni in Michaud Twp.

]]>