Metalla holds a 2% NSR royalty on a significant portion of the Garrison Project owned 100% by Moneta Gold. The Project is situated directly on the prolific Destor-Porcupine Fault Zone (DPFZ) host to numerous gold mines. The royalty covers the Garrcon, JonPol, and eastern portion of the 903 deposit.
Garrison now forms a significant part of the Tower Gold Project where a September 2022, Preliminary Economic Assessment outlined a 19,200 tpd combined open pit and underground mining operation with the bulk of the early mining beginning from the Garrison area. The PEA outlined a 24 year mine life with average annual gold production of 261 Koz gold and peak gproduction of 368 Koz gold at an all-in sustaining cost of $1,073/oz.
Interest: 2% NSR
Location: Ontario, Canada
Project Status: Development
Counterparty: Moneta Gold (TSX:ME)