Moneta Gold Inc Com MPUCF

RE:RE:More financing will be done. Will need to raise more funds.

[tomgranite]

Yep, 108,000m of new drilling is to be added to the RE. This is taken from the recent MD and A:

The previous resource estimate completed in October 2012 excludes some 50,000 metres of primarily in-fill drilling completed during 2013 and 2014. The planned new resource update will also include 58,000 metres completed during 2017 and 2018. The majority of this drilling occurs in the South West, Gap and Windjammer South and Windjammer Central areas.
 
The new drilling not included in the 2012 resource estimate also includes step-out drilling and drill testing of new zones in the Windjammer North, Discovery, Twin Creeks and the more distal LC Zones. These zones primarily occur within the mafic volcanic and ultramafic units along the Destor Porcupine Fault Zone to the north. 
 
The current resource is primarily established within the Timiskaming sediment package to the south, located in unconformable contact with the mafic volcanic package, occurring within a structurally controlled basin associated with quartz felspar and syenite intrusive dykes of the same age. 
 
With the completion of the current 39,330 m drill program testing for higher grade targets and structures within the Golden Highway Project area, a program comprised of some 3,500 m of drilling in 8 holes to confirm the size and location of the SW-3d, SW-4, SW-5 and SW-6 mineralized stockwork zones will be undertaken. Sampling of vein intercepts in historical core not yet sampled will also be conducted and the Company will update the geological modelling of the high-grade structures in preparation for an updated NI 43-101 resource estimate in late 2018 after incorporating the 2017/2018 drill program results as well as the previous 50,000 metre program. The resource update will be focussed on the South West, Gap and “55” areas.