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Monument Mining Ltd. MMTMF


Primary Symbol: V.MMY

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Post by Freddy1989Germaon Apr 29, 2024 1:09pm
180 Views
Post# 36012961

Ody Info

Ody InfoIncreased Tuckanarra Project Mineral Resource estimate (“MRE”) to 5.14Mt @ 2.5g/t Au for 407koz of gold (above a 0.9-2.0g/t Au cut-off):

12% increase in MRE gold grade, compared to the maiden MRE
High-grade subset of 2.25Mt @ 3.9g/t for 283koz above a 2g/t cut-off Importantly, 4.2Mt @ 2.3g/t for 311koz is located on granted mining leases New MRE for Highway Zone comprises 0.79Mt @ 3.8g/t Au for 97koz Highway Zone MRE ounces have increased by 48% including a new underground resource of 65koz at 5.8g/t Au which remains open down plunge MRE only occupies a small portion of the Tuckanarra Project tenement package – clear potential for MRE growth through near-resource and regional drilling Previous drilling at Highway Zone highlights underground potential with a highgrade shoot intersected over 150m of strike, including 7.35m @ 9.5g/t Au, 11m @ 7.8g/t Au and 12m @ 6.5m g/t Au Drilling successfully intersected gold mineralisation 120m below previous drilling and 250m below surface, representing a significant extension to mineralisation Further drilling is planned to continue to grow the Highway Zone resource along strike and down plunge New drilling completed at the T8 oxide target 800m east of the Kohinoor resource intersected supergene gold mineralisation and two gold bearing structures Airborne electromagnetic (“AEM”) survey to be completed over the Tuckanarra greenstone belt
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