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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd. > Historical Workings of the Tumble Gum Gold Mine, Gabanintha
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Post by nozzpack on Jul 29, 2023 10:46am

Historical Workings of the Tumble Gum Gold Mine, Gabanintha

Just south of our Tunblegum mine which is the southern portion of our Gabanintha concession Star of the East recently ( 2023 ) discovered high grade gold in their Tumblegum South Project including copper.

A google search of our historic Tumblegum mine has produced these results..

"Located one kilometre south of the old Gabanintha townsite, now possibly swallowed by the northern section of the modern Gabanintha Gold Mine. 

Mineralisation in a vertical or steep east dipping shear.
 

Workings down to 91 metres deep, covered a 400 metre length, of cupriferous quartz-limonite veins in a zone 0.9-1.5 metres wide.

Early mining is not described by Marston, but states that tailings were treated 1955-1962, producing 4967 tonnes of cupreous ore at 3.09% Cu."

So, if the tailings had 3.09 % copper, the head grade must have been above 6% copper, even at just 50% recovery .
That is an amazing grade of copper.

Note that our Yagagong mine has significant copper which was confirmed by the few holes drilled in 2022.

Now, going back to Tumble.

In our 2021 exploration report, it was reported that they had discovered the tailings dump from the historic Tumblegum mine.

Grab sampling of these tailings  averaged 1.79 grams per ton which, it was reported, could be used to cheaply start up the Burnakura mill.

I recall looking at this in the misty past, and figured that the dump could contain perhaps 15,000 ounces or more.....and that the original grades would have been quite high.

So, everything is coming together quite nicely for our Murchison Project

Comment by nozzpack on Jul 30, 2023 10:27am
Gabanintha has 153,000 ounces in its historical JORC resource classification standard. JORC is quite solid. For example, extensive infill drilling at Burnakura subsequent to acquiring the property in 2014 to 2018 resulted in a 43-101 estimate of 381,000 ounces versus 397,000 ounces in 2023 by JORC mensuration standards. These estimates would be statistically indistinguishable given the ...more  
Comment by SilverNS on Jul 30, 2023 10:55am
1m oz will never be put in production by MMY.  if we can confirm 1m oz we will have a new owner in a very short future.
Comment by nozzpack on Jul 30, 2023 1:47pm
It's possible that Murchison will be sold rather than Selinsing but it is clearly stated to be the cornerstone and Dato has had previous mines in Australia , so he knows his way around there too. The potential at Selinsing is less than at Murchison when allied with ODY and Stakewell. It has excellent investor exposure too with consistent strong liquidity.....examine ODY for example ..and  ...more  
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