Moneta Gold Announces Appointments of Vice President of Technical Services and Geology, Vice President of Projects and Director of Field Operations

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Toronto, Ontario–(Newsfile Corp. – June 28, 2022) – Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) (“Moneta” or the “Company”) is pleased to announce the appointment of key members of the project delivery team as it advances the Preliminary Economic Assessment (“PEA”) study for its Tower Gold Project (“Project”) held in 100%, located 100 kilometers (“km”) east of Timmins, Ontario. The project contains consolidated mineral resources of 4.3 million (“M”) ounces (“oz”) of indicated gold (“Au”) and 7.5 Moz of inferred gold (see press release of May 11, 2022), positioning Moneta as one of Canada’s leading advanced gold exploration companies.

Jason Dankowski – Vice President Technical Services and Geology

Mr. Dankowski has over 15 years of experience in large mining companies, focusing on delivery, integration, optimization and risk mitigation. Most recently, with Appian Capital Advisory, Mr. Dankowski led and supported exploration, geology and mine planning initiatives, and led technical and financial due diligence on potential investment opportunities worldwide. Prior to Appian, Mr. Dankowski was with Nevada Gold Mines, the joint venture Barrick Gold Corporation (“Barrick”) and Newmont Corporation (“Newmont”), as Director of Mineral Resources at the Phoenix Mine, leading the ore, geology modeling, resource and reserve estimation, mine-mill reconciliation, strategic mine planning and near-mine exploration. Previously, Mr. Dankowski was Head of Resource Geology and Growth for De Beers, where he managed the exploration program, driving new discoveries and extending the life of the Gahcho Kué mine.

Mr. Dankowski is a Chartered Professional Geologist with an Executive MBA from Smith School of Business at Queen’s University, a Bachelor of Science (BSc) in Geological Sciences from the University of Manitoba and a in Applied Geostatistics from the University of Alberta.

Mr. Dankowski will be primarily responsible for establishing and implementing the exploration and technical evaluation strategy and, in conjunction with the VP projects, the mine design and development strategy. Additional responsibilities include preparing and updating NI 43-101 technical reports, including resource estimates and mining and development plans.

Gerry Rogers – Vice President Projects

Mr. Rogers has over 35 years of experience in international mining development, mining and contract mining with both underground and surface projects. Mr. Rogers was part of the operating team that built the Eskay Creek mine in northern British Columbia, the Cliffs mine in the gold fields of Western Australia and several mines in Africa. Additionally, Mr. Rogers has operated over four major mines as General Manager with a particular focus on safety, unit cost, technology and volume deliverables. Most recently, Mr. Rogers was Director of Underground Operations at Kinross Gold’s Chirano Gold Mines, responsible for the operation of four underground gold mines and the development of two new gold mines.

Mr. Rogers holds a Bachelor of Science in Geological Engineering from the University of Manitoba and is currently a Registered Professional Engineer with the Professional Engineers of Ontario.

Mr. Rogers will be primarily responsible for completing the progressive studies, including the PEA, Pre-Feasibility Study (“PFS”) and Bankable Feasibility Study (“BFS”), to bring the Tower Gold project into production.

Stephen McGinn – Director of Field Operations

Mr. McGinn has over 30 years of experience in human resources and health and safety management. Mr. McGinn worked as Vice President of Human Resources and Health and Safety at Labrador Iron Mines, served as Vice President of Operations at Kivalliq Marine Transportation Services, and held executive positions at Dumas Contracting, KLG and Black and McDonalds.

Mr. McGinn holds an Executive Masters in Human Resources Management (MHRM) from York University, a Bachelor of Arts (BA) (Law and Sociology) from Laurentian University and a law degree and Cambrian College Security Administration.

Mr. McGinn will be primarily responsible for the implementation of Moneta’s human resources and health and safety programs and the management of logistics support for operations. Mr. McGinn will also be responsible for ensuring that the programs implemented meet industry standard best practices.

Gary Connor, CEO of Moneta, said: “With over 80 years of combined industry experience, we are very pleased to welcome Jason, Gerry and Stephen to Moneta, strengthening our project delivery team, while as we continue to de-risk Tower Gold and bring it one step closer to production, we look forward to delivering the PEA we are currently working on.

About Moneta

Moneta is a Canada-based gold exploration company focused on advancing its 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 drilling program is primarily designed to fill and upgrade the Mineral Resource resource categories. An updated PEA study encompassing the entire Tower Gold project is expected to be completed in the second half of 2022. Moneta is committed to creating shareholder value through strategic capital allocation and focusing on the current resource expansion drilling, while conducting all business activities in an environmentally and socially responsible manner.

FOR MORE INFORMATION, PLEASE CONTACT:
Gary V. O’Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

The Company’s public documents can be viewed at www.sedar.com. For more information about the Company, please visit our website at www.monetagold.com or write to us at This email address is protected from spam. You need JavaScript enabled to view it..

This press release contains certain forward-looking information and statements, collectively “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are frequently identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to to future events and results. Forward-looking statements include, but are not limited to, information regarding the company’s future performance, operations, and financial performance and conditions, such as the Company’s drilling program, timing and results thereof. ci and the Company’s PEA schedule. Forward-looking statements are subject to inherent risks and uncertainties, including, without limitation, the impact of COVID-19-related disruptions to the Company’s business operations, including its employees, suppliers, facilities and others. stakeholders; the uncertainties and risks that have arisen and may arise in connection with travel, and other financial and social market impacts of COVID-19 and responses to COVID 19 and the Company’s ability to fund and perform its planned goals and objectives. International conflicts and other geopolitical risks, including war, military action, terrorism, trade and financial sanctions, which have historically led, and may lead in the future, to uncertainty or volatility in global markets commodities and financials and supply chains; the impact of Russia’s invasion of Ukraine and widespread international condemnation has had a significant destabilizing effect on global commodity prices, supply chains, inflation risk and global economies in ways more generally, may adversely affect the Company’s business, financial condition and results of operations.

Forward-looking statements are based on management’s current beliefs and expectations. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and availability of financing, as further described in our recent filings of securities available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution you not to place undue reliance thereon. We undertake no obligation to revise or update these forward-looking statements.

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