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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.


TSXV:MMY - Post by User

Bullboard Posts
Post by EDDY05on Sep 11, 2011 2:05pm
291 Views
Post# 19030706

Looking good...

Looking good...
In conjunction with the extensive exploration programs on theSelinsing properties, and Buffalo Reef is the FamehubSelinsing gold mine, a production increase to approximately 55,000 ounces of gold infirst year with full commercial production planned. The estimatedMining costs will amount to an average of 317 USD per ounce. TheCompletion for Phase III of the capacity increase of theGold processing plant from the current 400,000 tons per year1,000,000 tons per year by another Vermahlungskreislauftargeted for May 2012. The company has announced recently,that with the expansion of the treatment plant and theRetention basin for the tailings (tailings) was begun.This extension will have a capacity of approximately 1,000,000 tons per yearallow more than 10 years from May 2012
Bullboard Posts