News release today outlining winter exploration program on their Michaud properties with JVP Barrick Gold. 1997 field program is budgeted at $1.5 million dollars and is seeking to increase resource definition. To date initial resource in all categories at Michaud is 2.36 million tonnes @ 6.07 gpt AU. Moneta also has 100% interest in 96 claims at Nighthawk Lake, near Royal Oak and Echo Bay Mines, 149 claim units at Garrison property along Destor Porcupine zone, 214 claim units at North Tisdale with JVP Placer Dome, and interest in 179 claim units with McArthur Minerals at Fripp 30 km south of Timmins.
Share price has been very stable since June through both corrections, check the charts. 52 week hi $1.00 lo .25c. About 15 million shares out. Impressive properties, no hype or promo, Barrick, Timmins area play, won't go to sleep over the winter. Those still looking for fresh plays should investigate. I do own several thousand shares.
RSaito
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