Moneta Gold


Stage of development: Exploration
Primary minerals: Gold
Project to promote: Tower Gold Project
Project location: Timmins, Ontario

Moneta is a Canadian based gold exploration company focussed on advancing its 100% wholly owned Tower Gold project, which currently hosts a gold mineral resource estimate of 4.3 Moz indicated and 7.5 Moz inferred. The Company’s 2022 drill program is primarily designed to infill and upgrade the resource categories of the mineral resources. An updated PEA study encompassing the entire Tower Gold project is planned to be completed in H2, 2022. Moneta is committed to creating shareholder value through the strategic allocation of capital and a focus on the current resource expansion drilling program, while conducting all business activities in an environmentally and socially responsible manner.


Debt: Nil

Major shareholders:
Dundee Corp 
K2 & Associates 
1832 Asset Management 
O3 Mining 

Management Profile

Gary O’Connor – CEO
Mr. Gary O’Connor, is currently CEO and Chief Geologist and a Director of the Company. He has over 30 years of experience in international mineral exploration and development. He is a Member of the Australasian Institute of Mining and Metallurgy (FAusIMM), a Fellow of the Society of Economic Geology, and holds a graduate degree in geology, geophysics and environmental studies from the University of Auckland.
Mr. O’Connor was Vice-President of Dundee Resources from 2007 to 2017 where he guided investment decisions with his technical due diligence on 200+ resource projects across all continents and covering gold, diamonds, base metals, bulk commodities and uranium.
From 2000 to 2007, Mr. O’Connor was Vice-President, Exploration of Gabriel Resources Ltd. where he directed the drill out and feasibility of the 16+Moz Rosia Montana gold resource, the discovery and scoping of the Rodu-Frasin gold deposit (~2Moz), as well as the drill out and scoping studies of the large (500+MMt) Tarnita and Rosia Poieni Cu-Au porphyry deposits. Mr. O’Connor was Vice-President, Exploration of European Goldfields from 2000 to 2003 where he was responsible for the discovery, drill out and scoping studies of a number of deposits in the belt including the Certej gold deposit (3Moz), the Teascu (0.5Moz) gold deposit, and Hanes gold deposits (0.6Moz).

What is your rationale for taking part 121 Mining Investment?

Moneta Gold’s Tower Gold Project in Timmins, Ontario was the subject of an updated mineral resource estimate announced in May 2022 and an updated PEA study is expected by H2, 2022.  Meeting new investors to inform them of one of the largest undeveloped gold projects in Canada.

What recent news would you like to highlight to investors attending?

Updated mineral resource estimate was announced on May 11, 2022 which increased indicated mineral resources to 4.3 Mozs and inferred mineral resources to 7.5 Mozs.  An updated PEA study on the Tower Gold Project is expected in H2, 2022.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Complete the expanded PEA study on the Company’s 100% owned Tower Gold Project.


6 Months :
Continue to progress the pre feasibility study


12 Months:
Publish the results of the pre feasibility study

What do you think makes your company such a compelling investment?

The Tower Gold Project is one of the largest undeveloped gold projects in Canada

What are the top 3 key investor takeaways?

Major catalysts for re-rating – updated mineral resource update, PEA study on expanded project, upgrading mineral resource categories in 2022