The projects in the Exploration Technology Development Program were formulated to address the high priority technology needs for human spaceflight.
The Exploration Technology Development Program (ETDP) develops long-range technologies to enable human exploration beyond Earth orbit.ĮTDP also integrates and tests advanced exploration systems to reduce risks and improve the affordability of future missions. Image credit: John Frassanito & Associates To management, this rebranding of more reflective of the desire to establish themselves as one of Canada's premier gold mining companies.Human exploration of a near-Earth asteroid. Last month, Moneta underwent a name change from Moneta Porcupine Mines to Moneta Gold. The company is moving to bring in more drill rigs as step-out drilling is taking place to find more gold mineralization around other identified deposits known dubbed South West, Windjammer South, Garrison and 55 other prospective spots on the property. It's believed the entire property is made up numerous gold deposits and multiple zones along a 17-kilometre length of the Destor Porcupine Fault Zone where Moneta continues to do exploration drilling. The company refers to Tower one of North America's largest undeveloped gold deposits with a total indicated resource of more than 3.9 million ounces of contained gold with an inferred resource of almost 4.4 million ounces with both open-pit and underground mining potential. Tower is its flagship project, comprised of its Golden Highway property and the newly-acquired Garrison Gold Project, the latter picked up in a partnership deal with O3 Mining earlier this year. Moneta controls 263 kilometres of ground in the Timmins-area mining camp. "The drill results from our resource expansion drill program have again confirmed significant gold mineralization in large step-outs to the south, to the west and at depth as we look to continue to expand the underground gold resource at Westaway," said Moneta CEO Gary O'Connor in a news release. Westaway has an inferred gold resource of 662,000 ounces of gold. The company is testing extensions at Westaway, which was discovered in 2020, and continues to pull promising gold mineralization from step-out holes moving out from the deposit. Sign up for the Sudbury Mining Solutions weekly newsletter here. The company believes its Tower Gold Project has open-pit mine potential that can be a substantial operation on a district scale.Īmong the latest batch of results from its Westaway Gold Deposit is one intersection that registered at 5.44 grams per tonne (g/t) of gold over a 7.0-metre length, including 8.39 g/t over 2.0 metres.
Moneta kicked off a 70,000-metre drilling program earlier this year after acquiring new ground from O3 Mining that was located next door to its Golden Highway Project, 100 kilometres east of Timmins in northeastern Ontario.
The Toronto junior miner has been steadily releasing some encouraging drill results this summer from an exploration program being run at its Tower Gold Project. A new gold discovery made by Moneta Gold, outside Matheson, continues to grow in size.