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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

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

Comment by nozzpackon Aug 20, 2023 6:35pm
99 Views
Post# 35597172

RE:RE:The Junction Discovery Could be Huge

RE:RE:The Junction Discovery Could be HugeAlluvial civerdeposits form over time where a river runs, or has previously run through ground which is rich in gold. The erosive power of the water removes the surrounding rock due to its comparative low density while the heavier gold resists being moved.

Alluvial cover usually forms over time where a river runs or previously ran through ground which is rich in gold.

Sustained erosion of the water removes the surrounding rock which has much lower density than the heavier gold which more or less stays in place at relatively shallow depths .

This seems to explain the high grade intercept just below the alluvial cover at the junction and the halo gold from surface sampling .
This is a huge unexplored area that offers company maker discoveries ....and the confirmed 266,000  ounce Munro Bore deposit perhaps doubling given its potential twinning just across the border ,is not much farther away.

The more I review the research, geological setting and drill results of our Murchison assets...900,000+ ounces already in the bag....the more certain I am that the ultimate upside will be in the several millions of ounces.

What a great promotional basket of assets once listed on the ASX..



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