Structural regimes: main mineralisation event
s1
s2=s3
PDZ: principal displacement zone
R: synthetic Riedel shear s2
R’: antithetic Riedel shear
T: tenshion gashes/ veins s2
s1 s3
s1
s3
s2=s3 s2=s3
s1
s2=s3
copper (late): N-S transpression: N-S trending
gold (early): sub-vertical compression; orthogonal vein set veins fractured and reverse faults with sulphides
Granitoid intrusion? Paterson deformation?
Gold-bismuth rich veins MONT0003 129.49-129.85m Esmé Ryan 2020
at Winu (V ) bi
3B
bi+Tebi+Au
fractures/ grain boundaries
Au
Bi + Au
inclusion trails
Bi
1mm 0.2mm
2cm Fe Cu
WINU0310 247.1m WINU0739 371.4m
Bi-Au inclusion trails bi+Tebi+Au
WINU0739 371.4m
MONT0007 312.5m
bi
bi qtz
Au 50μm
qtz qtz
bi+Au
ma
20μm 2μm 100μm
Te-bi minerals along grain boundaries and fractures
jo cp
bi
bi Au jo
bi
jo gn
20μm
po+bim
bim
jo
pi
qtz
Au he qtz
bim
100μm
500μm 50μm
bim
Chalcopyrite overprint
cp
WINU0310 247.1m Au MONT0007 312.5
Au
qtz bi
he/ jo
cp
bim
cp
50μm bim
he/ jo
Au
bi
co 50μm
cp
bim
Gold precipitation at Winu: textures suggest gold precipitated according to
“bismuth collector” model
Stage 1
Stage 2: bi-Au inclusion trails Bi (Te) melts can form in hydrothermal solutions above
in quartz ~300°C and scavenge gold
native bismuth from gold undersaturated hydrothermal fluids
(Douglas et al. 2000, Tooth et al. 2008)
Stage 3: te-bi –
Au along qtz
hedlyite grain
boundaries & in
joseiteB pilsenite fractures
Stage 4: bism-
Au inclusions in
sulphides
bismuthinite tetradymite
T=450°C
Gold precipitation at Winu: bismuth collector model
Stages 1&2 Stage 3
Mod from Okamoto & Massalski (1983) Mod from Okamoto & Tanner (1990)
B
A
T 2
T 1
Winu; vein paragenesis bismuth+ gold/ maldonite T <300°C
bismuth (melt) 1
T>300°C
σ 3 σ 3
H2S<<
Stage 2
Stage 1 H O+CO +HCL H2S<<
2
2
Si +K +Mo +W + AuCl chalcopyrite +
aq
aq
aq
aq
Bi+Au (melt) pyrite + sphalerite
bismuth+tellurobismuth+gold
T >300°C T<300°C
2
σ σ
σ 1 1 1
bismuthinite+gold
H2S< H2S>
Stage 3 Bi + Te + Au (melt) H O + CO + H S Stage 4
2
2
2
K + (H S) Cu +Fe +Zn +Pb aq
2
aq
aq
aq
aq
Conclusions
• Winu is a vein style Cu-Au deposit hosted in Neoproterozoic subarkosic sandstones and
siltstones of the Yeneena basin
• Initial intersection of mineralisation was the result of regional geological interpretation
followed by targeted geophysics and scout drilling of 2 RC holes
• Converting mineralisation into a maiden resource (“discovery”) required the enthusiasm and
efforts of a large team; the Winu discovery team
• Structure is dominated by SSE plunging anticline (Miles Orogeny) refolded into a (half) dome
during the Paterson orogeny
• Prominent gold lodes trend N-S and ENE-WSW at Winu, NW at Ngapakarra, copper lodes
trend N-S predominantly
• Gold precipitated most likely according to the “bismuth collector” model with solidification of a
bismuth-gold (tellurium) melt, copper precipitated later in cross-cutting sulphide lenses and
breccias
• Mineralisation most likely resulted from rapidly changing stress fields around an intruding
granitoid pluton during the Paterson orogeny
Thank you for your attention
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The Tower gold project
Defining a new gold camp in Canada’s largest
gold producing belt
Gary O’Connor, Kevin Montgomery, Nick Marton, Randall Salo, Daniel
Johansson
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Forward Looking Statements
This presentation contains forward looking information and forward looking statements, other stakeholders uncertainties and risk that have arisen and may arise in relation to travel, and
collectively “forward looking statements” All statements, other than statements of historical other financial market and social impacts from COVID 19 and responses to COVID 19.
fact, that address activities, events or developments that the Company believes, expects or
Any forward looking statement speaks only as of the date on which it is made and, except as
anticipates will or may occur in the future (without limitation, statements regarding exploration
may be required by applicable securities laws, the Company disclaims any intent or obligation to
programs, potential mineralization, future plans and objectives of the Company, updated to the
update any forward looking statement, whether as a result of new information, future events or
mineral resources, and the timing and results thereof) are forward looking statements These
results or otherwise Although the Company believes that the assumptions inherent in the
forward looking statements reflect the current expectations or beliefs of the Company based on
forward looking statements are reasonable, forward looking statements are not guarantees of
information currently available to the Company.
future performance and accordingly undue reliance should not be put on such statements due
Forward looking statements are subject to a number of risks and uncertainties that may cause to the inherent uncertainty therein.
the actual results of the Company to differ materially from those discussed in the forward
Gary O’Connor, FAusIMM is a qualified person under NI 43 101 and has reviewed and approved
looking statements, and even if such actual results are realized or substantially realized, there
the contents of this presentation.
can be no assurance that they will have the expected consequences to, or effects on the
Company Factors that could cause actual results or events to differ materially from current
expectations include, among other things, uncertainties relating to the availability and costs of
financing needed in the future, changes in commodity prices, changes in equity markets,
changes to regulations affecting the Company’s activities, the uncertainties involved in
interpreting exploration results and other geological data and the other risks involved in the
mineral exploration industry Such factors include, among others, further steps that might be
taken to mitigate the spread of COVID 19 the impact of COVID 19 related disruptions in relation
to the Company’s business operations including upon its employees, suppliers, facilities and
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Major New Gold Project in the Timmins Camp
Tower gold project
• Central Ontario, Canada
• Timmins Gold Camp has produced 85M
ozs gold over the last 100 years
• Canada’s most prolific gold
producing camp
• Excellent infrastructure (roads,
power, mills and local workforce)
• Safe Jurisdiction: Ontario, Canada
• No royalties or encumbrances over
majority of resources
• 100% ownership of all resources
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Tower gold project: Located in the prolific Timmins camp
• Occurs on a major regional highway: Highway 101
• Located along the regional Destor Porcupine Fault zone (DPFZ)
• Multiple operating mills
• Excellent infrastructure
monetagold.com • Large land holding, largest in eastern camp: 17,076 hectares (170.76 sq.km) 4
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Tower gold project: Regional structural setting
Timmins Gold Camp; >85 Moz production Tower gold project
>80 Moz
• One of only 2 NE dilation jogs on Destor
Porcupine Fault Zone (DPFZ)
Tower gold • Sinistral regime
• Major gold centre on eastern extensions of
gold camp
Kalgoorlie Gold Camp; >100 Moz production • Dilational jog on major regional structure
• Similarities to other major world gold
>10 Moz
>65 Moz producing camp
• Moneta controls majority of the trend
>15 Moz
>10 Moz • Archean age
Golden Highway Area • Orogenic gold system
• “Greenstone belt”
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Tower gold project: Geology
Tower gold project
Garrison Area • 17 km of DPFZ
• 4 splays of the DPFZ
• Banded Iron Formation (BIF) association
• Timiskaming age clastic sediment
transgressive basins
• Banded Iron Formation (BIF) association
Golden Highway Area
• Dominant host: adjacent to BIF
• Older mafic & ultramafics to north
• Older mafic volcanics to south
• Drilled over 8 km
• Extensional veins, shear regime
• Structural setting
• West dipping in Golden Highway
• East dipping in Garrison
• Distinctive alteration
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Major Stratigraphy & Geological modelling Gold Project in the Timmins Camp
Tower gold project
Stratigraphic Column
• Established updated stratigraphic column
• Differentiated 3 BIF units (A, B and C)
• Thin conglomerate overlying BIF A
• Thick turbidite sequence, Timiskaming age
• Coarse grained sandstone overlying conglomerate
• C/- BIF and chert clasts
• Brittle, thick
• Various intrusions (Notably at Garrison)
Structural history
• Development of Destor Porcupine Fault Zone
• Sinistral strike-slip movement
• Folding/faulting
• Shortening
• Gold deposition
• Re-activation of DPFZ
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Exploration: Golden Highway area Timmins Camp
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Exploration: Lack of outcrops Camp
Tower gold project
• Traces of all drilling to date
• Geology map
• Outcrop locations
• Outcrops away from mineralization
• Outcrops away from main DPFZ
• Sedimentary basin: structures and alteration
• Most drilling is away from outcrops
• Variable glacial till and sand eskers
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Exploration: Resources vs outcrop locations Camp
Tower gold project
• Traces of all drilling to date
• Current mineral resource outlines
• Geology map
• Outcrop locations
• Resources away from outcrops
• Resources dominate within sedimentary
basin
• Lack of outcrop within sedimentary basins
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Early Exploration: Till sampling- Golden Highway area Timmins Camp
Tower gold project
• Reverse circulation drilling to bedrock
• Up to 60 m thick glacial till and sand eskers
• Followed regional magnetic anomaly
• NNW oriented grid
• Perpendicular to strike of sediments
• 100 m to 200 m spaced samples (too wide)
• Sampling of basal till
• Up to 1580 ppb Au
• Gold anomalies around BIF
• Gap area, now part of resource
• Anomalies over South West, 55,
Windjammer South and Westaway deposits
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Induced polarization (IP) surveys the Timmins Camp
Tower gold project
• Little outcrop
• Cut-grids; N-S and NNW-SSE
• Targeted major structures and BIF units
• Conducted ground IP surveys along
established grids
• Was not effective at locating mineralization
• Only minor pyrite associated with gold
mineralization
• No major disseminated sulphide alteration
• No large or obvious IP or chargeability
anomalies
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Magnetic surveying: Ground magnetics surveys
Tower gold project
• Little outcrop
• Cut-grids; N-S and NNW-SSE
• 100 m to 200 m line spacing
• Variable reading spacing
• Not able to soil sample due to depth of
overburden
• Conducted ground magnetic surveys along grids
• Was effective at locating Banded Iron Formation
units (BIF)
• Located major structures and major rock units
• Majority of mineralization is hosted in clastic
sediments adjacent to BIF
• No magnetic destruction of BIF due to alteration
associated with mineralization
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Airborne magnetics
Tower gold project
• Follow-up of ground magnetic surveys
BIF
• First survey to cover belt: 2004 BIF
• Airborne magnetics
• Heli-mag, 60 m drape
• 100 m line spacing BIF
• RMI image BIF
• Highlights BIF units BIF
• Major structures
• Major units and contacts
• Does not define alteration/mineralization
• BIF: Not a host of gold mineralization
• No alteration of BIF
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Airborne magnetics and till sampling results
Tower gold project BIF
BIF
• Gold in tills
• Airborne magnetics
• Current gold resources BIF
• Good coincident anomalies BIF
BIF
• Open
• Gold in till + adjacent to magnetics + gold resources
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Airborne magnetics and mineral resources
Tower gold project
BIF
• Airborne magnetics BIF
• Current gold resources
• Resources occur along edges of magnetic
anomalies
• Association with structural settings
BIF
• Folds and offsets of BIF
BIF
• Open
• Adjacent to magnetics + gold resources
16
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Geology & Mineralization
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Stratigraphy & Geological modelling
Pebble
elongation Fold noses
Bedding Bedding
Tower gold project
• Sedimentary basin: establish bedding
• Strike and dips
• Younging directions
• Stratigraphy
• Folding/faulting
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Mineralization & Alteration
Tower gold project
• South West deposit
• Pine Vein
• Regional chlorite alteration, Early carbonate veins (No Au)
• Specular hematite-chlorite alteration with white quartz veins (weak Au)
• Quartz-pyrite veining with sericite-ankerite-pyrite-albite halos (Au)
• Late carbonate veins, chlorite/sec hem (No Au)
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Structure & Alteration
MGH18-098
571.98m
9.12 g/t Au
Tower gold project
• Arbutus Vein
• Early specular hematite & chlorite alteration, Qtz-carb veins (weak Au)
• Cross-cut by grey-white quartz-pyrite vein with ankerite-sericite-silica/albite alteration halo (Au)
• Late carbonate veins, chlorite/spec hem (No Au)
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Petrology & Mineralogy
MGH18-098
420.28 m
15.35 g/t Au
Au
Tower gold project
• South West deposit
• Willow Vein
• Conglomerate host; sandy matrix
• Quartz-sericite-Fe carbonate altered greywacke
with disseminated euhedral pyrite
• Feldspar grains altered to sericite, matrix to
carbonate & sericite
• Matrix contains euhedral pyrite has overgrown
hematite
Au
• Gold seen as fracture filling and inclusions in
pyrite
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Mineralization Paragenesis
Tower Gold Project
• Ductile shearing
• specularite and chlorite
• Brittle fracturing
• quartz-pyrite veins
• silicification
• decomposition of hematite and
chlorite
• sericite-ankerite-pyrite
• Gold (Au)
• Post mineralization
• calcite-specular hematite
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Paragenesis; mineralization
Hem, chl
Tower Gold Project
cal
• Pine Vein
• Coarse greywacke
Ser, carb
• Early carbonate veins, chlorite altn
• Early specular hematite-chlorite altn (weak
Qtz, Au Hem, chl Au)
• Quartz vein breccia with gold
• Sericite-carbonate-silica/albite altn halo
• Late carbonate veins, chl/ spec hem (No Au)
MGH18-084: 625.32m, 6.59 g/t Au
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Golden Highway; schematic interpretation
Map view
BIF Higher vein-
alteration
Outer calcite intensities in
veinlet halo red
in green
Current SW resource; Cross-section
Tower gold project
Low grade:
Higher grade: transition to calcite • Ductile shearing
pervasive • specularite and chlorite
alteration and vs ferroandolomite
in vein alteration, •
high vein Brittle fracturing
densities decreasing vein • quartz-pyrite veins
densities outward
• silicification
• decomposition of hematite and chlorite
• sericite-ankerite-pyrite-albite
Cross-section view
• Gold (Au)
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Schematic geology interpretation: Garrison
Garrcon Pit
Tower Gold Project
• Garrison transgressive basin
• Sedimentary clastic units
• BIF units
• East dipping
• Similar alteration paragenesis as
Golden Highway
• More pre to syn intrusions
• Host mineralization
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Drilling and Resource Definition
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Location & Access
Tower gold project
• Little to no outcrop
• Variable overburden
• Some wet areas, winter drilling only
• Packed winter snow roads
• Strong winters (Down to -30°C)
• Summer (Up to 30° C)
• Annual precipitation: ~750mm
• Long winters, a lot of snow
• Good road access
• Adjacent to major highway
Summer conditions (South West deposit area, Golden Highway)
• ~1 hour drive to major mining centre
• Cell phone coverage
Winter conditions (Windjammer South deposit area)
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Diamond Drilling
Tower gold project
• Predominantly diamond drilling
• Wet overburden: RC more difficult
• Wet ground: Access
• Diamond drilling rates good
• RC expensive (lack of competition)
• With more open pit mines: more RC
• Possible RC for infill
• Diamond drilling: lack of core orientation
• Flow through funding
monetagold.com 28
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Diamond Drilling
Tower Gold Project
• Total drilling at Golden Highway and Garrison
• 2,290 drill holes
• 647,178 m of drilling
• Includes all drilling
• Dating back to 1986
• Have all core in core farm
• Racked and catalogued
• All sample pulps stored
• Currently completing a 70,000 m resource expansion
drill program at Tower gold project
• Mineral resource estimate update in early 2022
• Followed by combined and enlarged PEA
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Mineral Resource Estimates
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Golden Highway mineral resource history
Year Company QP Area Cut-off Tonnes Grade Ounces
1988 Noranda Internal SW 1.24 192,250 2.02 12,500
1997 Barrick Internal SW 4.00 4,971,000 6.32 1,015,000
2008 Acrex Internal 55 0.50 7,857,000 1.52 384,700 Tower gold project
2008 Moneta George Cargill WJS 1.00 2,700,000 2.30 204,000
2010 Moneta SRK All Not completed • 2021 resource
2011 Moneta P&E Mining All 0.35/2.00 81,370,000 1.20 3,140,000
• Includes Garrison resources
2012 Moneta P&E Mining All 0.37/2.00 114,391,000 1.17 4,295,000
• Pre-2021: Golden Highway only
Indicated and Inferred Mineral Resources Growth • 2019-2020 resources: Micon International
2019 - 2021
Includes Garrison • December 2020 Garrison: Ausenco
+668% 8,400,000
• September 2020: PEA on South West deposit at
5,479,500
Golden Highway
• Underground by Micon (~80,000 oz/pa
production)
1,730,400
1,256,600 • December 2020: PEA on Garrison
• Open pit by Ausenco (~125,000 oz/pa
production)
January 2019 November December February 2021
2019 2020
monetagold.com 31
Indicated Resources Inferred Resources Total Indicated and Inferred Resources
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Golden Highway mineral resource, December 2020
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tower gold project
(t) (g/t) (oz) (t) (g/t) (oz)
South West
Indicated 4,530,000 4.07 592,400
Inferred 9,607,000 4.01 1,237,900 • 1,357 drill holes
Windjammer South • 401,542 m of drilling
Indicated 40,582,000 0.84 1,099,300 6,000 3.90 800
• Containing 173,011 samples
Inferred 28,956,000 1.10 1,027,700 143,000 4.06 18,700
Westaway
Indicated • Micon International
Inferred 4,367,000 4.71 661,900
55
Indicated 9,896,000 1.30 412,600
Inferred 5,079,000 1.10 179,500 123,000 4.65 18,400
Discovery
Indicated 141,000 3.49 15,800
Inferred 658,000 4.00 84,700
Windjammer North
Indicated 182,000 3.98 23,300
Inferred 813,000 4.08 106,500
Total Indicated 50,478,000 0.93 1,511,900 4,859,000 4.05 632,300
Total Inferred 34,035,000 1.10 1,207,200 15,711,000 4.21 2,128,100
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Garrison acquisition February 2021
33
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Acquisition of Garrison project
Tower gold project
• February 2021
• Moneta acquired Garrison from O3 Mining
• Open pit resource adjacent to Golden
Highway
• Added 9,264 ha land
• Mostly in eastern part of DPFZ
• New Moneta total: 17,076 hectares (170.76
sq.km)
monetagold.com 34
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Garrison mineral resource, December 2020
Tower gold project
Open Pit • Garrison mineral resource
Deposit Tonnes Grade Ounces
• 1.82 Moz indicated
(t) (g/t) (oz)
• 1.06 Moz inferred
Garrcon
• Open pit (0.30 g/t Au cut-off)
Indicated 20,923,000 0.82 552,000
• Starter pit: 1.1 Moz @ 1.04 g/t Au
Inferred 7,056,000 0.87 197,000
• 2.7:1 strip ratio
903
Indicated 27,558,000 0.84 747,000
• Based on 1,378 drill holes
Inferred 30,760,000 0.69 682,000
Jonpol • 257,889 assay intervals
Indicated 17,786,000 0.91 523,000 • Total assayed length of 258,223 m
Inferred 7,521,000 0.76 183,000
Total Indicated 66,267,000 0.86 1,822,000
Total Inferred 45,337,000 0.73 1,062,000
*Ausenco, December 14, 2020
monetagold.com 35
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Open pit bulk sampling: Garrcon, Garrison
Tower gold project
• 2014 and 2015 (Northern Gold)
• Trial production permit
• 73,534 tonnes mined
• Head grade: 1.55 g/t Au
• Recovery: 95.7 %
• Produced: 3,516 ounces
• Currently crushed and stockpiled at surface:
• 205,750 t @ 0.45 g/t Au
• 2,992 oz gold
• Includes 85,750 t @ 0.58 g/t Au
Garrcon West pit: winter and summer views
• 1,600 oz gold
monetagold.com 36
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Underground bulk sampling: Jonpol, Garrison
Tower gold project
• Jonpol deposit
• 1992 to 1995
• Decline was developed to 476 level
• Ventilation shaft connected to surface
• 10,576 oz mined
• 9,476 oz recovered
• 89.60 % recovery
• Head grade: 6.70 g/t Au (0.196 oz/ton)
• ~49,090 tonnes mined
Jonpol ventilation shaft: Now closed
monetagold.com 37
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Mineral resources, December 2020
Open Pit Underground
Deposit Tonnes Grade Ounces Tonnes Grade Ounces
(t) (g/t) (oz) (t) (g/t) (oz)
SW Indicated 4,530,000 4.07 592,000 Tower Gold Project
SW Inferred 9,607,000 4.01 1,238,000
WJS Indicated 40,582,000 0.84 1,100,000 6,000 3.90 1,000
WJS Inferred 28,956,000 1.10 1,028,000 143,000 4.06 19,000
• Golden Highway: Micon International
WA Indicated
• Garrison: Ausenco
WA Inferred 4,367,000 4.71 662,000
55 Indicated 9,896,000 1.30 413,000
55 Inferred 5,079,000 1.10 180,000 123,000 4.65 18,000 • 2,290 drill holes
Disc Indicated 141,000 3.49 16,000
• 647,178 m of drilling
Disc Inferred 658,000 4.00 85,000
WJN Indicated 182,000 3.98 23,000 • Not all drilling used in resource estimate
WJN Inferred 813,000 4.08 107,000 • All drilling to date
Garcon Indicated 20,923,000 0.82 552,000
Garcon Inferred 7,056,000 0.87 197,000
903 Indicated 27,558,000 0.84 747,000 • Currently completing a 70,000 m drill
program
903 Inferred 30,760,000 0.69 682,000
Jonpol Indicated 17,786,000 0.91 523,000 • Resource expansion
Jonpol Inferred 7,521,000 0.76 183,000 • Early 2022 update
Total Indicated 116,745,000 0.89 3,335,000 4,859,000 4.05 632,000
• Followed by updated expanded PEA
Total Inferred 79,372,000 0.89 2,270,000 15,711,000 4.21 2,129,000
monetagold.com 38
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Tower Gold Project: Current mineral resource locations
Garrison Open Pit
• 1.82 Moz Ind
• 1.06 Moz inf
Highway 101
Windjammer South Open Pit
• 1.10 Moz Ind
• 1.03 Moz inf
55 Open Pit
• 0.41 Moz Ind
• 0.18 Moz inf
Golden Highway Underground
• 0.63 Moz Ind
• 2.13 Moz inf
monetagold.com 39
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Long section; Drilling & mineral resources
West View to NNW East
Tower gold project
• Long section
• Drill traces to date
• Mineral resource estimate outlines
Golden Highway Garrison
• Historical drilling perpendicular to bedding
• Garrison: No underground resources
55 Windjammer South 903
Jonpol Garrcon
Westaway South West
monetagold.com 40